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...“Each incremental member has a different business impact” with the new subscription plans, Greg Peters, co-chief executive, said in a call with investors....
...Under co-founder Travis Kalanick, the company had raised huge amounts of capital in an aggressive global push to dominate the ride-sharing market....
...Its total investment is now planned to top $65bn, up from an earlier plan of $40bn....
...The 2018 plan granted him another 304mn of share options. They would have boosted his stake to about 20 per cent, but that has gone out the window....
...SoFi first announced plans to enter the IPO business in March 2021....
...For pension plans like APG — which has almost $50bn of its $563bn assets in private equity — co-investments have been a major reason why it is so happy with the results....
...When Netflix co-founder Reed Hastings declared in 2016 “we love people sharing” accounts, the company had a commanding lead in the streaming business and four years of blistering growth ahead of it....
...Yeo cautioned that the profit-sharing scheme would have huge ramifications for the industry. “It is a complex matter how to define excess profits....
...By Friday, companies controlled by Adani had lost more than $100bn and co-founder Goatam Adani was no longer Asia’s richest man....
...It is working with Microsoft to offer a cheaper service that serves advertisements, and plans to limit password sharing, through which it estimates 100mn households are watching Netflix for free....
...Reed Hastings, co-chief executive, said account sharing, which has always been a problem at Netflix, is coming into focus....
...However, when the car-sharing service failed to turn a profit, Nakhla pivoted to the part of the business that was actually making money: financing....
...The firm has also set aside $450m for repairs and capital investments, according to a person familiar with its plans....
...He said Apple does not break out profits and losses for the App Store. Apple has complained about “trial by anecdotes”....
...Jay Darling, president at Darling’s dealership in Bangor, Maine, said he had 80 reservations to buy the Lightning, compared with roughly 65 for the Bronco, Ford’s competitor to the Jeep....
...“The way forward is for these governments, who know their vaccination rollout status better than anyone, to co-ordinate dose sharing and give priority to Covax to urgently address vaccine inequity,” he says...
...“The profit has gone out of it. And you’re really house-sharing now,” she says. “It will never get back where things were.”...
...Its initial public offering to raise $5.4bn was the biggest in the tech industry since Uber raised more than $8bn in 2019 and shows video sharing has as much value as ride sharing these days....
...Amounts raised are distributed to non-profit organisations addressing a specific issue....
...Hotel Group Accor swings to €2bn full-year loss, in a sharp reversal from the French group’s €464m net profit in 2019. Demand for disinfectant pushes Reckitt Benckiser to record profits....
...Wednesday: Uber is likely to report revenue losses after the ride-sharing business has struggled in lockdowns....
...But its play for the ESG-centric Co-Operative Bank is less of a head-scratcher than one might think....
...“We envision a search engine very differently,” said Sridhar Ramaswamy, Google’s former head of advertising and co-founder of Neeva....
...But it also drew the ire of employees and other shareholders, who had grown eager to profit from Airbnb’s soaring valuation in private markets....
...While supplying engines and other components to GM in North America, Honda will step up co-operation with the company in the development of EVs....
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