Uber’s ride hailing business is slowly recovering from the impact of the pandemic but its revenue was still down 41% in the first quarter than a year earlier, while its loss also shrank. The decline was markedly lower than the roughly 50% declines of the two previous quarters, and was nearly half the 75% collapse in revenues the company reported for the second quarter last year when the...
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Way Mo’ Cash for High-Tech Cars
Alphabet’s self-driving car subsidiary Waymo on Wednesday said it raised $2.5 billion from investors, with an asterisk: Alphabet was the lead investor in the round, according to a person familiar with the deal. In Silicon Valley, the lead designation usually belongs to the party that contributed half of the total amount in the round. So either Alphabet CFO Ruth Porat wanted to make sure...
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