X, formerly Twitter, slowed down access to Threads, The New York Times, Bluesky and more

August 15, 2023
X, formerly known as Twitter, was throttling traffic to websites that the social network’s owner Elon Musk publicly dislikes. The platform slowed down the speed it takes when accessing links to a handful of websites including The New York Times, Instagram, Facebook, Bluesky, Threads, Reuters and Substack. The platform appears to be reversing the slow […]

Chicken Soup for the Soul Entertainment cuts costs a year after buying Redbox

August 15, 2023
A year after Chicken Soup for the Soul Entertainment (CSSE) purchased Redbox for $375 million, the company continues to be hit by losses and looks to reduce costs across all aspects of its business. CSSE reported its second quarter 2023 earnings this week, which showed a net loss of $43.7 million– more than double the […]

Jumia expects losses not to exceed $100M this year, per Q3 financials

August 15, 2023
In the first quarter of 2023, we reported that Jumia recorded its lowest losses in four years. Its adjusted EBITDA and operating losses dropped to $27 million and $30.9 million. Those numbers represented a 55% and 57% decrease year-over-year, on track to meet the company’s end-of-year target of $100-120 million in adjusted losses. Jumia’s recently […]