Retailers and carriers are preparing for an online holiday shopping surge that could tax shipping networks and lead to delivery delays. FedEx and UPS are ramping up their holiday hiring while expanding their weekend operations and asking retailers to use their shipping network when there is more slack. And stores are pushing shoppers to buy […]
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Lyft is still feeling the pandemic’s severe impact on the ride-hailing industry but its third-quarter results show signs of a recovery from the previous three months when passengers stayed locked down. The San Francisco-based company brought in $499.7 million in revenue in the three months that ended Sept. 30. That was down 48% from the […]
Apple is rolling out new Mac computers powered by the same kind of chips that run iPhones and iPads, a move aimed at making it easier for its most popular products to work together. For instance, Macs using the new chips will be able to run the same apps designed for the iPhone’s mobile operating […]
The European Union on Monday agreed to tighten up rules for the sale and export of cybersurveillance technology. EU lawmakers and the European Council reached a provisional deal to update controls of so-called dual use goods such as facial recognition technology and spyware to prevent them from being used to violate human rights. Under the […]
Japanese technology company SoftBank Group Corp. said Monday it restored its profitability in the last quarter as its investments improved in value. The Tokyo-based company reported a 627 billion yen, or about $6.1 billion, profit in July-September, compared with a loss of 700 billion yen in the same quarter of 2019. SoftBank said its quarterly […]
Uber’s food delivery business brought in more money during the third quarter than its signature rides business, showing just how much consumer behavior has changed — and how far the company has adapted — since the pandemic struck. The San Francisco-based ride-hailing company lost $1.09 billion in the three months that ended Sept. 30 as […]
China’s biggest e-commerce firm Alibaba Group Holding on Thursday reported a 30% jump in quarterly revenue, as China recovers from the virus and online shopping demand remains high. Alibaba reported revenues of 155.1 billion yuan ($23.4 billion) for the three months ended September. Its profit was down 60% to 28.8 billion yuan ($4.4 billion) compared […]
Ahead of the election, Facebook, Twitter and YouTube promised to clamp down on election misinformation, including unsubstantiated charges of fraud and premature declarations of victory by candidates. And they mostly did just that — though not without a few hiccups. But overall their measures still didn’t really address the problems exposed by the 2020 U.S. […]
App-based companies like Uber, Lyft and Doordash have dodged a potentially devastating blow to their industry by carving out an exemption from a California law that required them to classify their drivers as employees instead of contractors. California voters passed Proposition 22 and delivered a stinging rebuke to state lawmakers and labor leaders who were […]
A single voting machine jammed for just minutes Tuesday morning at a precinct in Joe Biden’s hometown of Scranton, Pennsylvania — but misleading posts on Facebook and Twitter claimed multiple machines there were down for hours. Pennsylvania emerged as a hot spot for online misinformation on Election Day. Facebook and Twitter scrambled to take down […]