Technology

(Reuters) – Lyft Inc (LYFT.O) on Wednesday posted higher-than-expected revenue and the ride-hailing company vowed further cost cuts to become profitable, saying ridership hit by the coronavirus pandemic had improved in late April. Shares in Lyft rose over 18% in…

(Reuters) – T-Mobile US Inc (TMUS.O) added more monthly bill paying phone subscribers than expected in the first quarter, benefiting from customers becoming more price sensitive as unemployment in the United States surges during the COVID-19 pandemic. It added 452,000…

(Reuters) – Facebook Inc’s (FB.O) new content oversight board will include a former prime minister, a Nobel Peace Prize laureate and several constitutional law experts and rights advocates among its first 20

(Reuters) – Lyft Inc (LYFT.O) on Wednesday surprised investors with higher-than-expected revenue and the ride-hailing company vowed further cost cuts to become profitable as the U.S. coronavirus lockdown batters the economy. Shares in Lyft rose over 16% in after-hours trading.…

(Reuters) – Pinterest Inc on Tuesday said advertisers were slowing spending on the image sharing company due to the COVID-19 pandemic and reported a bigger-than-expected first-quarter loss as costs surged from new user additions, sending its shares down 18% in…

(Reuters) – California and three of its largest cities on Tuesday sued Uber Technologies Inc and Lyft Inc, accusing them of classifying their drivers improperly as independent contractors instead of employees, evading workplace protections and withholding worker benefits. The suit,…

(Reuters) – Video game publisher Electronic Arts Inc forecast full-year adjusted revenue above Wall Street estimates on Tuesday, riding on the broader surge in videogame sales as people shelter at home due to the COVID-19 pandemic. Videogame sales in the…

(Reuters) – WeWork co-founder Adam Neumann filed a lawsuit against Japan’s SoftBank Group Corp and its Vision Fund on Monday for terminating a $3 billion tender offer to the office-sharing startup’s shareholders. The tender offer was part of a $9.6…

(Reuters) – Tesla Chief Executive Elon Musk appeared to qualify on Monday for a $700 million payday, just three days after he said the electric car company’s stock price was too high. Shares of Tesla Inc (TSLA.O) jumped more than…