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Uber Reports Rough First Quarter Results

By Amir Efrati
· · Source: The Information

Uber reported one of its worst-ever quarterly results on Thursday, confirming estimates it gave ahead of its May IPO. The results reflected Uber’s scorched-earth strategy of killing its core-business margins to stand its ground against rising competition. CFO Nelson Chai said in a statement that Uber “started to see signs of less aggressive pricing by some ridesharing competitors, which has...

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The Briefing
Digital Ad Market Rebounds Strongly: The Information’s Tech Briefing
By The Information Staff · Oct. 29, 2020 5:31 PM PDT
Digital Ad Market Rebounds Strongly: The Information’s Tech Briefing

The digital ad market rebounded surprisingly strongly in the third quarter, a cavalcade of earnings results today showed. The results confirm earlier indications that marketers regained confidence over the summer after slashing spending when the pandemic crisis first began. The question now is whether the new surge in Covid cases will cause another pullback.

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