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Category: Tech

Tech

China's iQiyi, a streaming service majority-owned by Baidu and listed on the Nasdaq, reported its first quarterly profit, $26.7M in Q1, after cutting spending (Iris Deng/South China Morning Post)

May 28, 20221 min read

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,

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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)

May 28, 20221 min read

Preetika Rana / Wall Street Journal: YipitData: average Uber and Lyft fares in the US hit a record high in April, as they drew ~20%

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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)

May 27, 20221 min read

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

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Report: Samsung is preparing to cut smartphone production for 2022 and manufacture 280M devices, down from 310M as initially planned (Ben Schoon/9to5Google)

May 27, 20221 min read

Ben Schoon / 9to5Google: Report: Samsung is preparing to cut smartphone production for 2022 and manufacture 280M devices, down from 310M as initially planned  — 

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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)

May 27, 20221 min read

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

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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)

May 27, 20221 min read

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

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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)

May 27, 20221 min read

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

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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)

May 27, 20221 min read

Kate Conger / New York Times: In an April 4 letter to Elon Musk, SEC says it is probing his purchases of Twitter stock and

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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)

May 27, 20221 min read

Paul Sawers / VentureBeat: Manta, which offers a date lineage service for companies to understand and visualize the flow of information, raises a $35M Series

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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)

May 27, 20221 min read

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

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