untitled design

Tag: Uber Technologies Inc

India’s streets sit empty, global cases near 500,000

India’s streets sit empty, global cases near 500,000

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 492,000 Global deaths: At least 22,000 US cases: At least 69,000 US deaths: At least 1,000 The data […]

Former Uber self-driving head Levandowski agrees to plea deal over Google secrets

Former Uber self-driving head Levandowski agrees to plea deal over Google secrets

Anthony Levandowski Eric Risberg | AP Anthony Levandowski, known for advancing self-driving car technology in the last decade, agreed to plead guilty on Thursday to taking sensitive documents from his former employer Google before joining rival Uber. He will serve no more than 30 months in prison as part of an agreement with federal prosecutors […]

Coronavirus and market volatility shuts down the IPO market for potential listings like Airbnb

Coronavirus and market volatility shuts down the IPO market for potential listings like Airbnb

Investors likely won’t get their fix for newly public companies for a long time thanks to the financial turmoil caused by the spreading coronavirus.  Logistics issues aside for investment bankers unable to travel, market volatility like this scares off companies who want to raise capital. The initial public offering calendar is looking sparse this year, […]

Dish Network, Garmin, Tesla, Uber & more

Dish Network, Garmin, Tesla, Uber & more

Take a look at some of the biggest movers in the premarket: Dish Network (DISH) – The satellite TV provider beat estimates by 10 cents a share, with quarterly earnings of 69 cents per share. Revenue also beat forecasts. Pay-TV subscribership declined, but at a slower pace. Garmin (GRMN) – The maker of GPS and […]

Atomico raises $820 million fund to back European start-ups

Atomico raises $820 million fund to back European start-ups

The partners of European venture capital firm Atomico. Atomico Atomico, the venture capital firm founded by Skype co-founder Niklas Zennstrom, has raised $820 million for a new fund — the biggest since it was set up by the billionaire in 2006. The firm plans to cash in on the ongoing “renaissance” in Europe’s tech sector, […]

Why EBITDA earnings are used by so tech companies like Uber and Yelp

Why EBITDA earnings are used by so tech companies like Uber and Yelp

Warren Buffett (L), CEO of Berkshire Hathaway, and Vice Chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. Johannes Eisele | AFP | Getty Images In Uber’s earnings report last week, the acronym EBITDA showed up 42 times. Pinterest used it 25 times the same day. The term showed […]

SoftBank shares skyrocket after judge approves T-Mobile-Sprint merger

SoftBank shares skyrocket after judge approves T-Mobile-Sprint merger

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., reacts during a dialog session with Jack Ma, former chairman of Alibaba Group Holding Ltd., not pictured, at Tokyo Forum 2019 in Tokyo, Japan, on Friday, Dec. 6, 2019. Kiyoshi Ota | Bloomberg via Getty Images Shares of Japanese conglomerate SoftBank Group soared Wednesday […]

Twitter CEO Jack Dorsey San Francisco comments a warning sign

Twitter CEO Jack Dorsey San Francisco comments a warning sign

Jack Dorsey attends the cocktail party hosted by Chrome Hearts X Jordan Barrett at La Maison Du Caviar in Paris, France. Victor Boyko | Getty Images Entertainment | Getty Images When Twitter CEO Jack Dorsey told investors this week that he’s planning for a future with a more distributed workforce, his Bay Area peers could […]

Coronavirus knocks stocks from record highs

Coronavirus knocks stocks from record highs

Traders work on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange. Bryan R. Smith | AFP | Getty Images Dow Jones Industrial Average drops 277 points The Dow slid 277.26 points, or 0.94%, to 29,102.51. The S&P 500 fell 0.54% to 3,327.71. The Nasdaq Composite pulled […]

Dow down 300, coronavirus names fall, Uber best day ever

Dow down 300, coronavirus names fall, Uber best day ever

This is a live blog. Check back for updates. 3:20 pm: Casper shares fall below its IPO price on second day of trading Shares of Casper plunged about 16% to $11.34 in afternoon trading, dipping below its IPO price of $12 per share. In its market debut on Thursday, the online mattress maker’s stock opened […]