Tag: Internet Media and Services

(Bloomberg) — Uber Technologies Inc. reported better-than-expected net income, boosted by record ridership volumes, offering evidence the ride-hailing giant is officially moving beyond its cash-burning startup past and making progress on its profitability goals.

Alphabet shares were rising in late trading Tuesday after the search giant helped kick off Big Tech earnings on a positive note.

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On Monday, Spotify announced it will increase the price of its Premium subscription offerings in the U.S. as much as $2, which translates to a 20% increase for some plans.

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Roku ROKU +11.14% stock surged Tuesday after the streaming TV platform company said it was teaming with the e-commerce software company Shopify SHOP +1.72% to allow viewers to buy products directly through their TVs from Shopify merchants.

Music streaming platform Spotify Technology is planning a more expensive subscription option that is expected to include high-fidelity audio, Bloomberg News reported on Tuesday.

The European Union on Wednesday charged Google with breaching antitrust rules in advertising technology, known as adtech, and may seek the breakup of parts of the tech giant’s business to allay the bloc’s concerns.

Alphabet’s Google and Microsoft are inserting ads into AI experiments without providing an option to opt out of participation, an approach that has already rankled some brands and risks further pushback from the industry, ad buyers told Reuters.

Twitter is accusing Microsoft of using the social media company’s data in ways that were unauthorized and never disclosed.

Total revenue rose 20% year over year. Airbnb swung to a net profit of $117 million, or 18 cents per share, from a net loss of $19 million, or 3 cents per share, in the year-earlier period. The figure marks the first time Airbnb has been profitable during its first quarter on a GAAP basis.