Wednesday, September 30, 2020
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Against expectations of many analysts, American multinational transportation network, Uber on Thursday reported a very disappointing second-quarter loss. Following the announcement, the stock went down as much as 12%, or $5.33, in after-hours trading. Below are some figures reported. Revenue: $3.17 billion Earnings per share (GAAP): -$4.72 versus -$3.23 Net loss: $5.24 billion Gross bookings: $15.76 billion (up 37% year over year) $3.9 billion of the...
Photos of a mega-yacht rumored to cost $400 million went viral on Twitter yesterday and many quickly concluded it belonged to the world’s richest man and Amazon CEO, Jeff Bezos. But according to Business Insider, a representative of Amazon responded to the media, stating that the yacht does not belong to Jeff Bezos, and that they have no information about...
Tech giant, Twitter has vowed to roll out new rules for politicians and government officials with more than 100,000 followers. “There are certain cases where it may be in the public’s interest to have access to certain Tweets, even if they would otherwise be in violation of our rules,” Twitter said in a blog post. In the past, Twitter had allowed...
Amazon announced on Wednesday that the company will be delivering packages to its customers via drones in just “within months.” Amazon said the new drone will operate like a helicopter. It will take off and land vertically and is more stable than prior models and can spot moving objects better than humans can, making it safe. Amazon’s Chief Executive Officer for Worldwide...
Instagram is changing its rules so it can disable accounts that break their rules more quickly. Instagram announced a policy change on Thursday that allows it to delete accounts that repeatedly break their rules faster. Previously, Instagram only removed accounts that had “a certain percentage of violating content.” The company has never disclosed the exact percentage though. That percentage is still in effect,...
Tech giant, Huawei Technologies has been badly hit by sanctions imposed on some Chinese companies by Trump’s administration. Huawei founder and CEO Ren Zhengfei revealed this during an event on Monday that the stringent ban on its products and services by the U.S government will cost the company $30 billion in revenue through the end of 2020. “We never thought that...
Google Maps recently added a search feature that will let you see bike-share stations and availability in 24 cities around the world. This is good news for tourists and all bike lovers who want to know where they can pick up or drop off a bike at any time they’re ready to explore any of the 24 cities on...
A digital graveyard? If you haven’t seen any of your Facebook friends online for extended period, you may wish to find out what’s going on. Reach out to know if the account is disabled, if the person needs help with some life situations, if the person just doesn’t want to be online, or if something else has happened! Social media researchers...
FedEx has taken the US Department of Commerce to court for requiring it to enforce export bans with extra screening efforts. The delivery company issued a statement June 24, complaining of an unfair and “impossible burden” of liability. “FedEx is a transportation company, not a law enforcement agency,” it says. The suit comes amid trade tensions between China and the U.S and...
Tech giants - Facebook, Google and Oracle cloud are secretly monitoring and tracking the porn you feel you’re watching in private, new joint study funded by Microsoft shows. Researchers from Carnegie Mellon, and the University of Pennsylvania said they investigated 22,484 sex sites using a handy tool called webXray, which exposes tracking tools funneling data back to third parties. “Our results...

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