Edition:
India

Supantha Mukherjee

Uber to focus on core rides, delivery business as it cuts 23% of workforce

19 May 2020

Uber Technologies Inc will concentrate on its core businesses in ride-hailing and food delivery and cut 23% of its workforce in an attempt to become profitable despite the coronavirus pandemic, Chief Executive Officer Dara Khosrowshahi said in an email to employees on Monday. | Video

Zoom pushes ahead on security, buying Keybase and reaching pact with New York

08 May 2020

Zoom Video Communications Inc pushed forward on Thursday in its effort to revamp its security, striking a deal with the New York attorney general's office to protect users' privacy and purchasing secure messaging startup Keybase.

Wall Street bullish on ride-hailing firms on lower driver costs, recovery signs

07 May 2020

Wall Street gave a resounding vote of confidence to ride-hailing stocks ahead of Uber's results on Thursday, after Lyft indicated a slow recovery in demand and lower costs as rising unemployment creates greater supply of drivers.

REFILE-Wall Street bullish on ride-hailing firms on lower driver costs, recovery signs

07 May 2020

May 7 Wall Street gave a resounding vote of confidence to ride-hailing stocks ahead of Uber's results on Thursday, after Lyft indicated a slow recovery in demand and lower costs as rising unemployment creates greater supply of drivers.

Wall Street bullish on Lyft, Uber on lower driver costs, recovery signs

07 May 2020

Wall Street gave a resounding vote of confidence to ride-hailing stocks ahead of Uber's results on Thursday, after Lyft indicated a recovery in demand and lower costs as rising unemployment creates more supply of drivers than jobs in the market.

Twilio shares surge 32% after results crush Wall Street estimates

07 May 2020

Twilio Inc shares surged 32% to a record high after the cloud communication provider's quarterly results and forecast smashed Wall Street estimates on increased demand from telehealth and education companies amid widespread lockdowns.

New York Times adds record digital subscribers, posts upbeat first-quarter results

07 May 2020

The New York Times Co crossed five million digital subscribers, adding a record number and withstanding a heavy drop in ad revenue in the first quarter that was dominated by heavy news coverage around the COVID-19 pandemic.

Uber to cut 3,700 jobs, CEO Khosrowshahi to waive base salary

06 May 2020

Uber Technologies Inc will cut about 3,700 full-time jobs and Chief Executive Officer Dara Khosrowshahi will forgo his base salary for the remainder of the year, the company said on Wednesday, as the COVID-19 pandemic decimates ride-hailing businesses.

Activision raises 2020 forecast as 'Call of Duty' gets lockdown boost

06 May 2020

Millions of people stuck indoors turned to video games such as Activision Blizzard Inc's "Call of Duty" to shake off lockdown boredom in the past two months, encouraging the company to raise its revenue forecast for the year.

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