Uber’s $3.1 acquisition of Careem, its Middle Eastern ride-hailing rival, closed on Thursday, the company said. The acquisition includes Careem’s delivery and payments business as well as its ride hailing operations. Careem will continue to operate under its existing brand and co-founder and CEO Mudassir Sheikha will remain in his position. He’ll report to a board made up of three...
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LinkedIn’s Newsletter Subscribers Quadrupled as Meta, Twitter Axed Products
LinkedIn is the only big social media company that’s sticking with newsletters. This month, Facebook parent Meta Platforms and Twitter both shuttered their respective newsletter products as these tech companies cut costs, including shutting down products for creators, after overspending during the tech boom. But for LinkedIn, newsletters are seeing substantial growth. The Microsoft-owned...
SAP Lays Off 2.5% of Workforce, Eyes Sale of Qualtrics Stake
Comcast’s Peacock Loses Nearly $1 Billion in Q4
Venture Firm NEA Raises $6.2 Billion
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