India’s Paytm crashes in market debut, business model questioned

India's Paytm crashes in market debut, business model questioned

MUMBAI, Nov 18 (Reuters) – Indian digital payments firm Paytm (PAYT.NS) tumbled 25% on its maiden day of trade, with investors questioning its lack of profits and the lofty valuations it gained in the country’s largest-ever IPO.While there had been some expectations that Paytm’s market debut could underwhelm, the steep plunge on Thursday was astonishing.Shares … Read more

Amazon to stop accepting Visa’s UK-issued credit cards over high fees

Amazon to stop accepting Visa's UK-issued credit cards over high fees

A visa credit card is held in front of an Amazon logo in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/IllustrationNov 17 (Reuters) – Amazon.com Inc (AMZN.O) said on Wednesday it would stop accepting Visa Inc (V.N) credit cards issued in the United Kingdom from next year due to the high fees charged by … Read more

Facebook knew about, failed to police, abusive content globally – documents

Facebook knew about, failed to police, abusive content globally - documents

Oct 25 (Reuters) – Facebook employees have warned for years that as the company raced to become a global service it was failing to police abusive content in countries where such speech was likely to cause the most harm, according to interviews with five former employees and internal company documents viewed by Reuters.For over a … Read more