Iris Deng / South China Morning Post: China’s iQiyi, a streaming service majority-owned by Baidu and listed on the Nasdaq, reported its first quarterly profit,
Category: Tech
YipitData: average Uber and Lyft fares in the US hit a record high in April, as they drew ~20% fewer riders and 35% fewer trips in Q1 2022 compared to Q1 2019 (Preetika Rana/Wall Street Journal)
Preetika Rana / Wall Street Journal: YipitData: average Uber and Lyft fares in the US hit a record high in April, as they drew ~20%
Layoffs.ai data: 60+ tech companies had job cuts in May, with 16,000+ employees laid off; notable layoffs in the last month include Getir, Bolt, and Klarna (Michelle Ma/Protocol)
Michelle Ma / Protocol: Layoffs.ai data: 60+ tech companies had job cuts in May, with 16,000+ employees laid off; notable layoffs in the last month
Report: Samsung is preparing to cut smartphone production for 2022 and manufacture 280M devices, down from 310M as initially planned (Ben Schoon/9to5Google)
Ben Schoon / 9to5Google: Report: Samsung is preparing to cut smartphone production for 2022 and manufacture 280M devices, down from 310M as initially planned —
CWA withdraws its request for a union election next week for staff at an Atlanta Apple store, citing Apple's "sophisticated campaign to intimidate" and COVID-19 (Josh Eidelson/Bloomberg)
Josh Eidelson / Bloomberg: CWA withdraws its request for a union election next week for staff at an Atlanta Apple store, citing Apple’s “sophisticated campaign
Microsoft researchers find severe bugs in mce Systems' framework used by Android apps from large mobile service providers, including AT&T and Bell Canada (Sergiu Gatlan/BleepingComputer)
Sergiu Gatlan / BleepingComputer: Microsoft researchers find severe bugs in mce Systems’ framework used by Android apps from large mobile service providers, including AT&T and
Indonesia-based Bibit, which runs robo-advisor services for mutual funds and invests users' money based on their risk profiles, raises $80M led by GIC (Budi Sutrisno/Tech in Asia)
Budi Sutrisno / Tech in Asia: Indonesia-based Bibit, which runs robo-advisor services for mutual funds and invests users’ money based on their risk profiles, raises
In an April 4 letter to Elon Musk, SEC says it is probing his purchases of Twitter stock and disclosures in March, and whether he was truly a "passive" investor (Kate Conger/New York Times)
Kate Conger / New York Times: In an April 4 letter to Elon Musk, SEC says it is probing his purchases of Twitter stock and
Manta, which offers a date lineage service for companies to understand and visualize the flow of information, raises a $35M Series B led by Forestay Capital (Paul Sawers/VentureBeat)
Paul Sawers / VentureBeat: Manta, which offers a date lineage service for companies to understand and visualize the flow of information, raises a $35M Series
Filing: Twitter rejects Elon Musk ally Egon Durban's resignation from the board, two days after shareholders blocked his re-election at an annual meeting (Nivedita Balu/Reuters)
Nivedita Balu / Reuters: Filing: Twitter rejects Elon Musk ally Egon Durban’s resignation from the board, two days after shareholders blocked his re-election at an
