Jumia Records 12% Gross Profit in Q4, Reducing Loss by 47%

E-commerce firm Jumia released its Q4 report on Wednesday showing 12% gross profit increase year-on-year despite pandemic-induced market woes. Although compared to 2019, the growth was slower; the online marketplace reported adjusted EBITDA loss decreased by 47% year-on-year. Highlights of…
Facebook Doles Out $1 Billion to Settle News Dispute

Following the events of past weeks involving Facebook and the Australian government, the social media company has announced a plan to invest $1 billion in support of the news industry for the next three years. Google was the first to…