Business

Uber's stock surges on positive trends despite big Q2 loss

Uber's effort to meld its pioneering ride-hailing service with food and freight delivery showed progress during the past quarter even though the company sustained a huge loss stemming from a sharp decline in its outside investments.

Business

Alibaba shares extend losses on US delisting fear

Chinese e-commerce giant Alibaba led technology stocks lower in Hong Kong on Monday after US authorities put it on a watchlist that could see it delisted in New York if it does not comply with disclosure orders.

Business

Facebook ends funding for US news partnerships program

Meta Platforms says it will no longer pay U.S. news organizations to have their material appear in Facebook's News Tab as it reallocates resources in the face of the economic downturn and changing user behavior.

Business

Facebook parent Meta posts first revenue decline in history

Meta, the parent company of Facebook and Instagram, posted its first revenue decline in history Thursday, dragged down by a drop in ad spending as the economy falters—and as competition from rival TikTok intensifies.

Computer Sciences

Beating hackers at bug hunting

An innovative new collaboration between EPFL's HexHive Laboratory and Oracle has developed automated, far-reaching technology in the ongoing battle between IT security managers and attackers, hoping to find bugs before the ...

Business

Twitter shares up after hedge fund bets against Musk

Twitter shares jumped Wednesday after a hedge fund revealed it had taken a stake in the firm based on its "strong case" against Elon Musk for moving to back out of his $44 billion buyout bid.

Business

Activision board says execs didn't ignore harassment

The board of directors of US video game publisher Activision Blizzard said Thursday that there was no evidence to suggest that management had ignored or minimized accusations of sexual harassment.

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