Lyft keeps pumping the wrong gas

Lyft keeps pumping the wrong gas

As the great ride-share recovery seems all but exhausted, Lyft LYFT 2.91% insisting that it has only just begun. On Monday, the ride-hailer reported the slowest revenue growth in more than a year, while adjusted earnings before interest, taxes, depreciation and amortization fell slightly year over year in the third quarter. After rising 12% on … Read more

Lyft shares slide after disappointing revenue and ridership numbers

Lyft shares slide after disappointing revenue and ridership numbers

Lyft Inc.’s LIFT 2.91% the stock fell in off-hours trading after it said its revenue growth slowed and the number of people using its service remained below pre-pandemic levels, rising at a slower-than-expected pace. The company reported revenue of $1.05 billion for the three months to September. That’s 22% over a year earlier, the slowest … Read more

Airbnb details Roadmap to lower cloud costs

Airbnb details Roadmap to lower cloud costs

Moving by Airbnb Inc. lowering its cloud storage costs in the run-up to its December 2020 IPO has made it better prepared for the possibility of an economic downturn, the home-sharing company said. Analysts say its efforts offer a template for other companies looking to get a handle on spending as more IT shifts to … Read more

Alibaba, Nio, Tencent and other Chinese stocks rise

Alibaba, Nio, Tencent and other Chinese stocks rise

Chinese stocks rose on Monday as investors remained optimistic that coronavirus rules would be eased, despite repeated messages from authorities that China would stay the course with “zero Covid” policies. Major U.S.-listed Chinese stocks were higher in premarket trade, with Ali Baba (ticker: BABA) rises 1.5%, JD.com (JD) 2% in the green, Tencent (700.HongKong) climbing … Read more

Amazon sweetens prime deals like grow stalls

Amazon sweetens prime deals like grow stalls

Amazon.com Inc.’s The move to greatly expand its music catalog for Prime members aims to give the popular subscription program a boost, along with rivals like Walmart Inc. WMT 0.18% has achieved faster delivery times and added new features to subscriptions. The tech giant revealed last week that it is expanding the free tier of … Read more

Amazon sweetens prime deals like grow stalls

Amazon sweetens prime deals like grow stalls

Amazon.com Inc.’s The move to greatly expand its music catalog for Prime members aims to give the popular subscription program a boost, along with rivals like Walmart Inc. WMT 0.18% has achieved faster delivery times and added new features to subscriptions. The tech giant revealed last week that it is expanding the free tier of … Read more

Startups are looking to lay off techies

Startups are looking to lay off techies

Debt-laden with investor capital, tech startups plan to snap up software developers, engineers and marketers flooding the job market after job cuts at Twitter Inc., Lyft Inc. and other major tech employers. Kathy Zhu said she is fielding candidates for engineering, customer service and other roles at Streamline AI, the two-year-old tech startup she co-founded. … Read more

Startups are looking to lay off techies

Startups are looking to lay off techies

Debt-laden with investor capital, tech startups plan to snap up software developers, engineers and marketers flooding the job market after job cuts at Twitter Inc., Lyft Inc. and other major tech employers. Kathy Zhu said she is fielding candidates for engineering, customer service and other roles at Streamline AI, the two-year-old tech startup she co-founded. … Read more

Lyft is laying off about 700 workers in second round of job cuts

Lyft is laying off about 700 workers in second round of job cuts

Lyft Inc. LIFT -2.00% said it is cutting 13% of staff, or nearly 700 jobs, the latest tech company to say it needed to cut costs ahead of choppy economic conditions. Confirming an earlier report by The Wall Street Journal, Lyft co-founders John Zimmer and Logan Green announced the layoffs to staff Thursday. “There are … Read more

Please stop putting launchers in PC games that are already on Steam

Please stop putting launchers in PC games that are already on Steam

Picture: Kerbal Space Program | Kotaku It was once a golden age of PC gaming where you could open Steam (or even just launch an executable yourself!), launch a game, and the next thing you’d see would be the game itself. For many large (and small) publications, those days are now long gone, replaced by … Read more