Uber narrowed losses, and saw a spike in demand for its food delivery service during the second quarter. However, the company's core ride-sharing business was down 73% from last year.
Fintech companies in Asia saw their capital raise fall around 37% from $2.56 billion in the first quarter to $1.62 billion in the second, a CB Insights report said.
Hiring in tech remains muted, sending another distressing signal ahead of Friday's critical jobs report. As of late July, tech job postings were down 36% compared to the same time last year, according to recent data from the online platform Indeed.
Apple bumped up a bunch of the hardware inside its new 27-inch iMac, but also focused on some things that are important for people and families who are stuck working at home during quarantine.
Fastly reported better-than-expected quarterly results Wednesday afternoon, but the stock is plunging on concern the company is overly reliant on China's TikTok.
Shares of Facebook closed up more than 6% on Thursday following the U.S. launch of Reels, a new Instagram feature designed to rival Chinese upstart TikTok.
The internal emails from Amazon, Apple, Facebook and Google reveal a rare look into how the giants approached acquisitions and other competitive issues over the years.
Airbnb has struggled since the coronavirus devastated global travel, but there's been one big bright spot. Rural hosts are seeing huge surges in business as Americans jump to escape the confines of their homes and the stress of the ongoing pandemic.
New York is proposing an amendment to current antitrust laws, where the state currently cannot take action unless two companies conspire to stifle competition.
Business news related to the technology industry, including Apple, Amazon, Microsoft, Google, and Facebook, plus consumer electronics, start-ups, cryptocurrency, media, advertising, streaming, venture capital, antitrust and regulation.