More From Nivedita Balu
Lyft's Operating Profit Surges On Rideshare Demand, Hiring Slowdown
Ride-hailing firm Lyft Inc on Thursday reported a record adjusted operating profit, benefiting from a surge in demand for rides and a dramatic slowdown in company-wide hiring that helped manage costs, sending its shares up 5%.
Aug 04, 2022
Lyft Posts Record Quarter, Sees Operating Profit Of $1 Billion In 2024
Ride-hailing firm Lyft Inc on Thursday forecast an adjusted operating profit of $1 billion for 2024 after reporting record earnings for the second quarter, betting on strength in the rideshare market as it rebounds from pandemic lows.
Aug 04, 2022
Uber Turns Cash Flow Positive For The First Time In Bumper Quarter
Uber Technologies Inc reported positive quarterly cash flow for the first time ever on Tuesday and forecast third-quarter operating profit above estimates, as more people rely on its services for transport and food delivery.
Aug 02, 2022
Uber Eats In Focus As Inflation-hit Consumers Rethink Ordering In
The food-delivery business that kept Uber Technologies' earnings afloat during the peak of the pandemic is expected to show signs of strain in second-quarter results due on Tuesday as decades-high inflation crimps consumer spending.
Aug 01, 2022
Gas At $5 Tips Some U.S. Rideshare Drivers To Wrap Cars In Ads
When Duana Malcolm had her blue Hyundai Sonata sedan 'wrapped' as a mobile advertising board, the part-time delivery driver did not expect to make an extra $200 per month.
Jun 23, 2022
Gas At $5 Leads Some U.S. Rideshare Drivers To Wrap Cars In Ads
When Duana Malcolm had her blue Hyundai Sonata sedan 'wrapped' as a mobile advertising board, the part-time delivery driver did not expect to make as much as $200 a month.
Jun 23, 2022
Shopify Unveils New Tools, Twitter Tie-up To Beat E-commerce Slowdown
Shopify Inc has launched new tools to help its merchants sell to other businesses and on Twitter, as the Canadian tech giant attempts to shore up sales to counter a post-pandemic slowdown in online shopping.
Jun 22, 2022
Coinbase Slashes 1,100 Jobs As Crypto Winter Sets In
Coinbase Global Inc will cut about 1,100 jobs, or 18% of its workforce, the cryptocurrency exchange said on Tuesday, the latest company preparing to ride out a downturn in the cryptosphere.
Jun 14, 2022
Musk Threatens To Tear Up Twitter Deal Over 'Material Breach'
Elon Musk warned Twitter Inc on Monday that he might walk away from his $44 billion deal to acquire the social media company if it fails to provide the data on spam and fake accounts that he seeks.
Jun 06, 2022
Musk Threatens To Drop Twitter Deal If Fake-account Data Not Provided
Elon Musk on Monday warned that he might walk away from his $44 billion offer to acquire Twitter Inc if the social media network failed to provide data on spam and fake accounts.
Jun 06, 2022
Sandberg's Exit May Not Be A Big Blow For Facebook-parent Meta
Sheryl Sandberg's exit from Meta Platforms Inc comes at a crucial time for the Facebook parent as it pivots to "metaverse" in the face of slowing ad revenue, although Wall Street analysts say her departure will not be as significant.
Jun 02, 2022
Southeast Asia's Grab Sees Rebound In Ride-hailing As Offices Reopen
Grab Holdings Ltd, Southeast Asia's No. 1 ride-hailing and food delivery firm, on Thursday forecast a rebound in its rideshare and food delivery businesses as economies recover from a pandemic-led slump, sending its U.S.-listed shares surging 32%.
May 19, 2022
Apple's Main Investor Concern This Quarter: Demand
Apple Inc investors have for years cheered investments to expand its supply chain to meet feverish global demand for iPhone and MacBooks.
Apr 27, 2022
Musk Says He Has Secured $46.5 Billion In Funding For Twitter Bid
Elon Musk on Thursday said he has lined up $46.5 billion in debt and equity financing to buy Twitter Inc and is considering taking his offer directly to shareholders, a filing with U.S.
Apr 21, 2022
Musk To Join Twitter Board, Promises Change
Twitter Inc said on Tuesday it will offer Elon Musk a seat on its board of directors, a position the Tesla boss and entrepreneur plans to use to bring about significant improvements at the social media site after disclosing a sizeable holding.
Apr 05, 2022
Musk To Join Twitter Board, Promises 'Significant Improvements'
Tesla Inc boss Elon Musk vowed "significant" improvements at Twitter Inc on Tuesday, after the micro-blogging site announced plans to name him to the board.
Apr 05, 2022
Musk Takes 9% Stake In Twitter To Become Top Shareholder, Starts Poll On Edit Button
Tesla Inc boss Elon Musk on Monday disclosed a 9.2% stake in Twitter Inc, worth nearly $3 billion, making him the micro-blogging site's largest shareholder and triggering a rise of more than 27% in the company's shares.
Apr 04, 2022
Musk Takes 9% Stake In Twitter To Become Top Shareholder
Tesla Inc boss Elon Musk on Monday disclosed a 9.2% stake in Twitter Inc, worth nearly $3 billion, making him the micro-blogging site's largest shareholder and triggering a rise of more than 27% in the company's shares.
Apr 04, 2022
Grab Shares Crash As Revenue Plunges On Promotions, Driver Incentives
Shares in Grab tumbled 37% on Thursday after Southeast Asia's no.
Mar 03, 2022
EV-maker Polestar's Ad Ribbing Musk Most Popular At Super Bowl
Leonardo DiCaprio-backed Polestar's ad taking a potshot at rivals Tesla and Volkswagen topped the list of the most popular commercials during Super Bowl LVI, new data on Monday showed.
Feb 14, 2022
Disney World Workers Reach Tentative Agreement On Wages
Walt Disney World workers have reached a tentative agreement with parent Walt Disney Co (DIS.N) regarding wages, union body International Brotherhood of Teamsters said on Friday.
Sep 01, 2018
