Shopee, the Singapore-based ecommerce giant and one-time investment-community darling, is facing bleak fundraising prospects in the current volatile market — and it appears to be bracing for the worst.
In a 1,000-word memo sent to Shopee employees on September 15, Forrest Li — the billionaire founder, chairman, and CEO of Shopee — outlined drastic cost-cutting measures the company will be taking.
“Our number one objective for the next 12-18 months is achieving self-sufficiency,” Li wrote in the memo. The company will be restricting employee expenses, capping all flights at the economy level, and executives will temporarily forgo compensation, Li wrote in the memo.
Shopee parent
Let’s jump right to the real news here:
Now for the real story behind this weird situation. Why did I agree to this? Aren’t I supposed to be retired? Do you get paid a lot to be in a Netflix movie? And does that mean you become “famous” and your life changes? Read on to find these answers and more.
The Origin
One sunny afternoon in December 2020, I got an email from the co-owner of a filmmaking company with this title:
Feature Documentary – personal finance
Inside was a very well written description
Four people have been killed due to the catastrophic flooding and high-speed winds from Hurricane Fiona.
Hurricane Fiona struck Puerto Rico on Sunday, triggering an island-wide blackout and major flooding. The storm’s landfall coincides with the 5-year mark of 2017’s devastating Hurricane Maria — from which the territory has yet to fully recover.
According to the National Hurricane Center, the Category 1 storm made landfall on Puerto Rico’s southwestern coast, around 3:20 p.m. ET local time on Sunday, with maximum sustained winds of 85 miles per hour.
“The damages that we are seeing are catastrophic,” Puerto Rico Governor Pedro Pierluisi said on
Twelve Republican candidates running for November’s midterms declined to say whether they would accept their election results, according to a survey from The Washington Post.
The Post surveyed candidates in 19 of the most competitive races across the country, asking: “Will you accept the results of your election?”
Only seven GOP nominees said they would accept the outcomes of their races, while another 12 either refused to commit or didn’t respond.
Out of the 19 Democratic candidates asked, eighteen said they would accept the outcome. Kansas incumbent Gov. Laura Kelly, who is in a tight race against Republican Attorney General Derek Schmidt, was the only
Investing is the single most effective way to get rich. By opening an investment account, you have access to the biggest money-making vehicle in the history of the world: the stock market.
But a lot of you believe you have to do some complex, fancy work to invest… or that you have to have a lot of money to make the most of investing.
This is not true:
You don’t have to be the smartest person in the room to invest, you don’t have to be a millionaire, and you don’t have to follow the hottest takes and trends.
And remember this: you likely can’t beat average returns. In relationships and work, we want to be better than average. In investing, average is great.
So ignore the appeal of these flashy, alluring takes. Average might sound boring and unsexy, but choose being rich over being sexy. When it comes to
Startups involve a lot of trial and error. Things can get chaotic, and managing the mess can be challenging. Finding the best project management software for startups is essential for building a streamlined structure that enables smoother operations and collaborations.