Saturday, May 2, 2020

According to a Startup Genome survey of 45 countries, nearly three-quarters of startups have laid off full-time employees due to the COVID-19 crisis (John Koetsier/Forbes)

John Koetsier / Forbes:
According to a Startup Genome survey of 45 countries, nearly three-quarters of startups have laid off full-time employees due to the COVID-19 crisis  —  Three quarters of startups have laid off full-time employees due to COVID-19, according to a Startup Genome survey of 45 countries.



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Meituan reports Q1 revenue up 5.6% YoY to ~$13.5B, above ~$13.4B est., and a ~$1B net loss, its third straight quarter of losses amid a food delivery price war (Tracy Qu/Wall Street Journal)

Tracy Qu / Wall Street Journal : Meituan reports Q1 revenue up 5.6% YoY to ~$13.5B, above ~$13.4B est., and a ~$1B net loss, its third st...