Investors in Magic Leap have marked down their stakes in the troubled augmented reality startup by 93%, on average, between the start of the year and the end of June, previously unreported figures show. The dizzying drop makes Magic Leap the private tech firm in which investor sentiment has soured the most in 2020, surpassing hard-hit firms ...

One of the unexplored questions about Microsoft’s interest in TikTok is why it wants to do a deal that would plunge  the company into one of the most controversial political debates of the past few years: how to deal with hate speech and other contentious content. 

This is a briar patch Microsoft has mercifully avoided up until ...

What goes up must come down. After the common sense-defying rally of recent weeks, a sell-off was overdue. But the size of the fall—the S&P 500 dropped nearly 6%, while the Nasdaq lost more than 5%—was still surprising. 

It’s a reminder of just how volatile stocks are likely to remain while the threat of the virus ...

The planned merger of U.S. online food-ordering pioneer Grubhub and its European counterpart, Just Eat Takeaway—a deal the companies announced on Wednesday—will disappoint investors in Uber. The ride-hailing and food-delivery giant last month offered to buy Grubhub. But Just Eat is a more suitable partner for Grubhub.

Just Eat, like ...

This week seemed the perfect time to ask our subscribers about their plans to return to the office. 

While tech companies are starting to mark their calendars for when some employees head back to the workplace, Mark Zuckerberg’s expectation that half of Facebook employees will work remotely in five to 10 years seemed to draw a line in ...

In the past week, Uber’s attempt to buy Grubhub and a memorable story about DoorDash’s money-losing tactics have sparked a wave of critical press and social media dunks on the U.S. restaurant delivery industry.

It’s easy to understand why. Countless mom-and-pop restaurants fighting to survive amid the Covid-19 downturn are ...

Two senior engineers who last year joined CloudKitchens, the commercial kitchen startup founded by former Uber CEO Travis Kalanick, abruptly resigned this week, The Information has learned. Their departures raise questions about whether the company could lose other engineers at a time when it is seeking to significantly expand its ...

The ride-hailing businesses of Uber and Lyft have shrunk by more than half in recent weeks compared with a year ago as a result of the coronavirus pandemic, according to people at the companies with knowledge of the figures. 

The overall contraction could worsen for both companies as the pandemic’s toll grows and more people stay ...

Monday’s market decline–the biggest one-day drop since 2008—is rattling markets and is likely to throw tech companies’ initial public offering plans into jeopardy. It may be just the moment that private equity giants have been waiting for.

For years, as valuations of private and public tech companies have climbed, some ...

Casper Sleep’s nightmare of a public market debut earlier this month has demonstrated that investor skepticism toward money-losing tech companies persisted into 2020. And that raises questions for several high-profile tech names contemplating going public this year, including two of the most highly valued, Airbnb and DoorDash.

Unless they ...