Uber Technologies has instituted a hiring freeze for employees working on software and services across the US and Canada, as the ride-hailing company faces mounting losses.
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The ride-hailing company reported second quarter adjusted sales that fell short of estimates and posted a net loss of $5.24-billion, by far the largest ever for the business.
Huawei Technologies on Friday offered the first glimpse of an in-house software that may someday replace Google’s Android, an important step toward reducing its reliance on American technology.
US President Donald Trump is forcing Huawei – the world’s second biggest smartphone maker – to build a rival operating system to America’s Google.
Broadcom has agreed to buy Symantec’s division that serves business customers for $10.7-billion in cash, adding software designed to keep hackers out of corporate systems.
Even by the standards of Uber Technologies, $5-billion is a lot to lose in three months of doing business. Yet, that’s the amount analysts expect to see for the second quarter.
Apple has been sued over claims that the privacy of Siri users was violated when human reviewers listened to customer recordings.
Walt Disney Co is pricing a new bundle of streaming services at a surprisingly low $12.99/month, challenging Netflix with a package that includes family programming, live sports and a deep library of television shows.
The escalating trade war between the US and China is nudging the world economy toward its first recession in a decade with investors demanding politicians and central bankers act fast to change course.
US President Donald Trump has once again accused Google of amplifying negative news stories about him, this time citing an ex-employee who claims he was fired for conservative bias.