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Tag: Walmart

Walmart quits advertising on X
News Tech

Walmart quits advertising on X

Walmart on Friday said it has quit advertising on social media platform X, becoming one of the latest brands to drop advertising on the Elon Musk-owned site. “We aren’t advertising on X as we’ve found other platforms to better reach our customers,” a Walmart spokesperson said. The platform has struggled to retain advertisers since Musk […]

Walmart increases stake in Flipkart with 3.5bn
News Tech

Walmart increases stake in Flipkart with 3.5bn

Walmart has spent $3.5 billion this year to settle debts with some PhonePe stockholders and buy shares from some Flipkart stakeholders. Walmart reported in an SEC statement on Friday for the first time that the $3.5 billion in expenditures occurred in the first half of 2023. Currently, nearly 80% of Flipkart is owned by Walmart. […]

News

Walmart increases minimum wage to $14 per hour

  By Christian George While firms globally are stylishly slashing down its workforce, Walmart has concluded plans to increase its hourly workers wage in the U.S to $14. This was made known today by the company in an email that the new wage will reflect in the paycheque on March 2, 2023. Report has it […]