Uber shares jumped 11.5% after the company reported that it expects to be closer to profitability in the third quarter than previously disclosed. Uber said in a securities filing that it expected “adjusted” earnings before interest, taxes, depreciation and amortization, also excluding costs of restructuring and financing, would be between negative $25 million and $25 million and to be between...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Creator Economy startups
Gumroad Turns a Profit After Price Hike
Gumroad, which provides tools to creators including landing pages and help with product sales, recorded the largest monthly profits in its 11-year history in recent months after raising prices.Gumroad recorded net income of $82,270 in January, Sahil Lavingia, Gumroad’s founder and CEO, told its crowdfunding investors and creators Thursday in a presentation that was available via Zoom. Net...
Coinbase Hires Former Shopify Executive as Country Director
Circle’s USDC Outflows Exceed $10 Billion Since Crypto Bank Crisis
Virgin Orbit Lays Off 85% of Staff, Ceases Operations
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive google ai
Alphabet’s Google and DeepMind Pause Grudges, Join Forces to Chase OpenAI
Surreal Estate real estate
Silicon Valley’s Realtors, Like Its Bankers, Are Having a Tough Month