Sources: e-commerce roll-up firm Kite, which was cofounded by Blackstone in 2022 and closed a $200M equity commitment, shut down earlier in 2024 (Natasha Mascarenhas/The Information)

Natasha Mascarenhas / The Information:
Sources: e-commerce roll-up firm Kite, which was cofounded by Blackstone in 2022 and closed a $200M equity commitment, shut down earlier in 2024  —  How bad is the slowdown in e-commerce growth?  Ask Blackstone, one of the world's largest investment firms.