1. Former Facebook chief product officer Chris Cox will return after a year-long absence to his previous role at the company, which includes overseeing the main Facebook App, Messenger, Instagram, and WhatsApp. Cox, one of Mark Zuckerberg’s top lieutenants, left in March 2019 over “artistic differences” with the CEO over his plans to make Facebook […]
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By DEE-ANN DURBIN AP Business Writer Three months ago, Airbnb co-founder and CEO Brian Chesky was working on the financial filings for the company’s hotly anticipated initial public offering. He had just returned from Palm Springs, California, and was planning a spring vacation with college pals. But the coronavirus upended global travel — and all […]
>By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japanese technology company SoftBank Group Corp. racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to its Vision Fund investments including troubled office space-sharing venture WeWork. SoftBank, founded in 1981, said Monday the drop in […]
By CATHY BUSSEWITZ Associated Press NEW YORK (AP) — Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic, but the company is looking to its growing food delivery business and aggressive cost-cutting to ease the pain. The ride-hailing giant said Thursday it is offloading Jump, its […]
By CATHY BUSSEWITZ AP Business Writer NEW YORK (AP) — In a world where the coronavirus pandemic has turned social distancing into a new way of life, companies whose business models bank on people’s willingness to share their personal space are now struggling. Uber said Wednesday it’s cutting 3,700 full-time workers, or about 14% of […]
By DEE-ANN DURBIN AP Business Writer Airbnb says it is laying off 25% of its workforce as it confronts a steep decline in global travel due to the new coronavirus pandemic. It’s a serious setback for the 12-year-old home-sharing company, which just a few months ago was valued at $31 billion and planning a hotly […]
By BARBARA ORTUTAY, DEE-ANN DURBIN and MICHAEL LIEDTKE The Associated Press Just as the coronavirus outbreak has boxed in society, it’s also squeezed high-flying tech companies reliant on people’s freedom to move around and get together. Since the beginning of March, for instance, Uber shares have lost a quarter of their value. Rival Lyft is […]
By CATHY BUSSEWITZ AP Business Writer NEW YORK (AP) — Uber is still losing money as it expands its food delivery business and develops technology for driverless cars. But revenue for its rides business nearly tripled in the final three months of last year as the company picked up more passengers around the world. That […]
The European Parliament had a hearing which discussed a measure that would ensure smartphone manufacturers produced a common and standardized charger for all mobile devices that were sold in the European Union. This includes: Smartphones, tablets, eBooks and digital cameras. Three connectors are currently in common use: USB 2.0 Micro B (otherwise known as the […]
Telecom agents are usually the first line of support when a customer faces a technical issue. But how often are you satisfied with the level of guidance, expertise and professionalism? Unfortunately, too many of us have experienced an agent, who simply does not have the scope of knowledge or understanding to follow through on a […]