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Uber Technologies Inc
Uber warns of threat to drivers under EU gig work plan
...“This isn’t about Uber’s profits,” she said. “We have already proven our ability to grow in places like Germany and Spain using a third-party employment model.”...
September 20, 2023
Kyndryl Inc
IBM’s former IT services group plans to separate its China business
...The separation plan comes as global companies step up efforts to decouple their China data after Beijing put into effect an expanded anti-espionage law in July that covers the international sharing of information...
September 28, 2023
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
The Big Read
The real impact of the ESG backlash
...By the end of 2022, red states had announced plans to pull more than $3bn out of BlackRock funds....
December 4, 2023
Moral Money
Investors pressure Nike on wages allegedly owed to factory workers Premium content
...The US group reported a profit before tax of $6.2bn for the year to May....
September 11, 2023
Netflix Inc
Netflix profits surge after password-sharing crackdown
...“Each incremental member has a different business impact” with the new subscription plans, Greg Peters, co-chief executive, said in a call with investors....
April 18, 2024
Bird Rides Inc
Electric scooter rental pioneer Bird files for bankruptcy
...Thousands of trottinettes were cleared from the French capital’s streets in September after complaints from residents that they littered pavements, and posed a danger to both pedestrians and riders....
December 20, 2023
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
Uber Technologies Inc
Uber records first annual profit as market value approaches $150bn
...Uber has reported its first annual operating profit, marking an “inflection point” in the tumultuous history of the ride-sharing company and sending its shares to fresh highs....
February 7, 2024
LexUber Technologies Inc
Uber should steer clear of buybacks Premium content
...Take a look at the difference between Uber’s operating profit of $1.1bn and net income of $1.9bn and it is also clear that something beyond rides and food delivery is helping push up profits....
February 8, 2024
LexNetflix Inc
Netflix: revenue boost from password crackdown unlikely to spawn a sequel Premium content
...Netflix’s crackdown on password sharing received a big thumbs down from users. But the move is proving to be a hit with investors....
October 19, 2023
#techAsia
TikTok’s fate and Taiwan tech suppliers’ shift Premium content
...Fast fashion, big profits Online fast-fashion group Shein has more than doubled its profits as it awaits regulatory approval from Beijing to go ahead with a blockbuster listing in New York or London....
April 4, 2024
Uber Technologies Inc
Uber debuts $7bn share buyback as tech groups step up capital returns
...Uber revealed its plans to repurchase up to $7bn shares as part of a closely watched investor update that also outlined important details about its growth strategy and financial goals over the next three...
February 14, 2024
#techAsia
Huawei goes ‘007’ and TSMC gets a grant Premium content
...Its total investment is now planned to top $65bn, up from an earlier plan of $40bn....
April 11, 2024
Unhedged
Everyone calm down about CPI Premium content
...Management will discuss strategy and capital allocation plans, and we’ll be listening closely. Unhedged has been mostly sceptical about Uber....
February 14, 2024
Due Diligence
Private equity takes over golf Premium content
...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....
February 1, 2024
Inside BusinessRichard Waters
The aftermath of Silicon Valley’s ugliest decade
...It is a good sign that riders and eaters see value in the convenience of ordering through Uber’s app and were not only drawn by uneconomically low charges....
August 3, 2023
FT Live
Finance Disrupted at TNW Conference
Shaking The Foundations Of Finance | Formerly Future of Finance
Thursday, 20 JuneAmsterdam, Netherlands
Netflix Inc
‘Netflix effect’ returns as studios license old shows to their streaming rival
...The latest data on its password sharing crackdown will also be watched....
October 17, 2023
The Top LineChristopher Grimes
Netflix is taking a necessary risk in tackling its 100mn freeloaders
...Netflix may face similar problems of retaining customers as it cuts password sharing options....
May 26, 2023
X Corp
Fact-checking some dull bits of Elon Musk’s biography
...Errol mentions a scientific paper on the subject, but says sharing it would mean “all activities relying on chance will be ruined, so I am in doubt as to doing that.”...
September 22, 2023
Semiconductors
US chip subsidies alarm Korean companies with tough conditions
...Yeo cautioned that the profit-sharing scheme would have huge ramifications for the industry. “It is a complex matter how to define excess profits....
March 3, 2023
FT Asset Management
Asset management: Fallout from the Adani Group
...A legal settlement that gives Lyons a $7.5mn pay-off said that he had not used or disclosed confidential information, “other than with respect to the sharing of access to company-issued communication devices...
February 6, 2023
LexStreaming services
Netflix: free riders will dismount rather than give streamers free rein
...Free riders, one for every two paying subscribers by Netflix’s reckoning, get round this by sharing passwords. Others rely on VPNs and Google to find shows online, often illegally....
April 24, 2022
Special ReportAccelerating Business
Ambitious legal innovators help companies work faster and smarter
...Building the connections and sharing customer feedback from surveys helped create a sense of urgency, she recalls. Away-days allowed colleagues space to talk about any difficulties....
November 9, 2022
FT MagazineElaine Moore
Why San Francisco turned sour on Uber, Lyft and other ride-hailing apps
...San Francisco airport may have been one of the first in the US to embrace ride-sharing services but it appears to have regretted the decision....
March 22, 2022
LexUber Technologies Inc
Uber: newfound profitability will not roll on for long Premium content
...Critically, the long-unprofitable Uber posted a positive adjusted ebitda, a modified profit measure that excludes stock-based remuneration and other expenses, of $168mn....
May 4, 2022
LexNetflix Inc
Netflix: dwindling opportunities to boost user numbers spawn desperation Premium content
...The company plans to squeeze revenue from those free riders....
April 20, 2022

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