Uber on Wednesday said its revenue more than doubled to $3.9 billion in the second quarter of this year compared to the same period a year earlier amid the depths of the pandemic quarantines. But after making acquisitions such as Postmates to buttress its fast-growing food delivery business, which has been bigger than its ride hailing business for more than a year, losses continue to dog the...
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Amazon Takes Its Time Delivering Second Round of Job Cuts
Amazon is in the lead! The e-commerce behemoth has moved ahead of Alphabet in the contest to win this year’s IBM Cup, awarded occasionally to the most bureaucratic and slow-moving big tech company around. That’s one takeaway from Amazon CEO Andy Jassy’s explanation today for cutting another 9,000 jobs, on top of the 18,000 layoffs already announced. Jassy said in November the job cuts flowed...
FTX Sues Liquidators of Bahamas Unit
Flagstar Acquires Most of Signature Bank, Excluding Crypto Business
Amazon Laying Off 9,000 More Employees, Including in AWS, Ads, Twitch
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