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Flexport’s revenue fell approximately 70% in the main fifty percent of the 12 months to $700 million and the company burned by cash, individuals familiar with the corporate’s financials mentioned.
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When Talking about the corporation he inherited in September 2021, Jim Lanzone is remarkably blunt. “I always knew these goods had observed greater days,” mentioned Lanzone, the CEO of Yahoo, in excess of a video clip phone in late August.