Sunday, June 21, 2020

Wirecard says missing $2.1 billion likely do not exist; withdraws results

The scandal-hit German payments firm said it was also withdrawing its full-year 2019 and first-quarter 2020 financial results. https://ift.tt/3fDrZkm

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Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shein to cut pre-IPO valuation from $66B to ~$30B (Financial Times)

Financial Times : Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shei...