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Jumia reports GMV growth in physical goods across five countries and lowest losses since IPO on November 15, 2023 at 10:27 pm

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In Q3 2023, Jumia reported its adjusted EBITDA loss at $15 million, marking the lowest since its IPO in 2019 (outperforming the $27 million recorded in Q1 and $19.3 million in Q2) and a substantial decrease of $32 million compared to Q3 2022. This represents a 67% year-over-year decline and a 70% reduction on a […]

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​ In Q3 2023, Jumia reported its adjusted EBITDA loss at $15 million, marking the lowest since its IPO in 2019 (outperforming the $27 million recorded in Q1 and $19.3 million in Q2) and a substantial decrease of $32 million compared to Q3 2022. This represents a 67% year-over-year decline and a 70% reduction on a
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Meta finally starts rolling out default end-to-end encryption for Messenger on December 7, 2023 at 3:07 am

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After years of promises and limited tests, Meta has started rolling out default end-to-end encryption protection for Messenger. In an announcement, Mark Zuckerberg said that personal chats and calls will get default end-to-end encryption. However, encryption for group chats still remains an opt-in feature. End-to-end encryption is an important security layer as it doesn’t allow […]

© 2023 TechCrunch. All rights reserved. For personal use only.

​ After years of promises and limited tests, Meta has started rolling out default end-to-end encryption protection for Messenger. In an announcement, Mark Zuckerberg said that personal chats and calls will get default end-to-end encryption. However, encryption for group chats still remains an opt-in feature. End-to-end encryption is an important security layer as it doesn’t allow
© 2023 TechCrunch. All rights reserved. For personal use only. 

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India’s Paytm curbing low-value personal loans spells bad news for the industry on December 7, 2023 at 1:48 am

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Indian financial services firm Paytm sent shockwaves through the industry on Wednesday after it disclosed that it plans to issue fewer personal loans under 50,000 Indian rupees ($600) in a move that has already started to rattle many fintech investors. Paytm’s move followed the RBI recently tightening norms for consumer loans and publicly expressing concerns […]

© 2023 TechCrunch. All rights reserved. For personal use only.

​ Indian financial services firm Paytm sent shockwaves through the industry on Wednesday after it disclosed that it plans to issue fewer personal loans under 50,000 Indian rupees ($600) in a move that has already started to rattle many fintech investors. Paytm’s move followed the RBI recently tightening norms for consumer loans and publicly expressing concerns
© 2023 TechCrunch. All rights reserved. For personal use only. 

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Commercial companies to collaborate for DARPA’s new lunar economy study on December 6, 2023 at 9:54 pm

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Establishing commercial markets on the moon is going to require thinking a little differently. That’s DARPA’s hunch, anyway. DARPA (Defense Advanced Research Projects Agency) is the U.S. Department of Defense’s R&D arm, which has just selected 14 companies to participate in a new study to develop technological frameworks for a lunar future. “The next decade […]

© 2023 TechCrunch. All rights reserved. For personal use only.

​ Establishing commercial markets on the moon is going to require thinking a little differently. That’s DARPA’s hunch, anyway. DARPA (Defense Advanced Research Projects Agency) is the U.S. Department of Defense’s R&D arm, which has just selected 14 companies to participate in a new study to develop technological frameworks for a lunar future. “The next decade
© 2023 TechCrunch. All rights reserved. For personal use only. 

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