Claiming a lack of profitability After its landmark purchase of Souq.com, the Middle East’s largest e-commerce site, this week Amazon has chosen to close down Quidsi, parent company of Diapers.com and Soap.com, because it has failed to reach profitability since Amazon acquired the company in 2010. Quidsi, founded by Jet.com CEO Marc Lore, was a $500 million purchase for...
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