Uber Technologies, whose losses have piled up in the quest for growth around the world, will be profitable within three years, said CEO Dara Khosrowshahi. Bending the company’s financial trajectory out of the red
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Microsoft will start adding new videogames, including upcoming Halo and Gears of War, to a monthly subscription service it introduced last year in an effort to lure gamers from Sony and Nintendo. Starting with the 20 March
Netflix surged in late trading after a blow-out quarter, vaulting past US$100bn in market value for the first time to put the video service on a lofty perch with the likes of Goldman Sachs Group and Qualcomm. The world’s largest online
fter months of tinkering, Amazon.com has finally deemed its cashier-free convenience store ready for business. Amazon Go, as the outpost is called, opened its doors to the public on Monday. The US store is outfitted with
Facebook acknowledged on Monday that social media can have a negative impact on democracies, and that the company has more work to do in order to ensure that the good outweighs the bad. “From the Arab Spring to robust elections around the
For more than two decades, Jeff Bezos has famously sacrificed profit for growth, persuading Wall Street that Amazon.com was best served pouring money into the logistical nuts and bolts that have turned his company into the
Google and Tencent have agreed to share patents covering a range of products and technologies, an alliance between two of the world’s largest corporations. The cross-licensing deal comes with an understanding that the search
Apple has said it will bring hundreds of billions of overseas dollars back to the US, pay about $38bn in taxes on the money and spend tens of billions on domestic jobs, manufacturing and data centres in the coming years. The iPhone
There’s a growing debate over how much power will be sucked up by the world’s growing ranks of cryptocurrency miners. Last week, Morgan Stanley analysts said miners of Bitcoin could use as much as 140 terawatt-hours of electricity
Ferrari will make a battery-powered supercar to challenge Tesla at the high end of the electric-auto market, CEO Sergio Marchionne said. The race-car maker, spun off from Fiat Chrysler Automobiles, has been expanding its line-up