Saturday, February 11, 2023

Lagos-based Jumia, once hailed as the "Amazon of Africa", has seen its stock drop ~70% since its 2019 IPO amid stalling customer growth and mounting losses (David Adeleke/Rest of World)

David Adeleke / Rest of World:
Lagos-based Jumia, once hailed as the “Amazon of Africa”, has seen its stock drop ~70% since its 2019 IPO amid stalling customer growth and mounting losses  —  Its stock has fallen 70% since its IPO as growth stalls and operating losses mount.  —  • ABUJA, NIGERIA



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Electricians are flocking to regions around the US to build data centers, as AI shapes up to be an economy-bending force that creates boom towns (New York Times)

New York Times : Electricians are flocking to regions around the US to build data centers, as AI shapes up to be an economy-bending force...