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Doordash announces .2 billion SevenRooms deal, misses revenue expectations

Doordash announces $1.2 billion SevenRooms deal, misses revenue expectations

Technology News

A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020. Carlo Allegri | Reuters Doordash on Tuesday announced the $1.2 billion acquisition of restaurant booking platform SevenRooms and reported first-quarter revenue that missed expectations. Shares fell about 4% following the news. Here’s how the […]

Doordash announces $1.2 billion SevenRooms deal, misses revenue expectations Read More »

DoorDash to acquire British food delivery firm Deliveroo in .9 billion deal

DoorDash to acquire British food delivery firm Deliveroo in $3.9 billion deal

Technology News

A Deliveroo rider near Victoria station in London, England, on March 31, 2021. Dan Kitwood | Getty Images LONDON — British food delivery firm Deliveroo on Monday said it has agreed to a takeover offer from American rival DoorDash that values the company at £2.9 billion ($3.9 billion). Deliveroo, which lets users order hot meals

DoorDash to acquire British food delivery firm Deliveroo in $3.9 billion deal Read More »

Temu and Shein face massive tariffs. But don’t count them out of the U.S. e-tail scene, experts say

Temu and Shein face massive tariffs. But don’t count them out of the U.S. e-tail scene, experts say

Technology News

Photo illustration of the Shein app on the App Store reflected in the Temu logo. Stefani Reynolds | Afp | Getty Images The closure of a trade loophole and prohibitive tariffs on China have upended Temu and Shein’s business model in the United States. And yet the e-commerce companies are likely to remain a dominant

Temu and Shein face massive tariffs. But don’t count them out of the U.S. e-tail scene, experts say Read More »

Here are the SpaceX employees who were elected to run Musk’s new company town of Starbase, Texas

Here are the SpaceX employees who were elected to run Musk’s new company town of Starbase, Texas

Technology News

The SpaceX Starship sits on a launch pad at Starbase near Boca Chica, Texas, on October 12, 2024, ahead of the Starship Flight 5 test. The test will involve the return of Starship’s Super Heavy Booster to the launch site. Sergio Flores | Afp | Getty Images Over the weekend, Elon Musk got his new

Here are the SpaceX employees who were elected to run Musk’s new company town of Starbase, Texas Read More »

Palantir lifts full-year guidance as CEO Karp cites ‘tectonic shift’ in AI adoption

Palantir lifts full-year guidance as CEO Karp cites ‘tectonic shift’ in AI adoption

Technology News

Alex Karp, chief executive officer of Palantir Technologies Inc., speaks during the AIPCon conference in Palo Alto, California, US, on March 13, 2025. David Paul Morris | Bloomberg | Getty Images Palantir boosted its revenue guidance Monday as the artificial intelligence software company saw commercial and government revenue boom. Shares fell about 5% after the

Palantir lifts full-year guidance as CEO Karp cites ‘tectonic shift’ in AI adoption Read More »

Waymo plans to double robotaxi production at Arizona plant by end of 2026

Waymo plans to double robotaxi production at Arizona plant by end of 2026

Technology News

A Waymo self-driving vehicle seen in Phoenix, Arizona on Feb. 27, 2025.  Leslie Josephs | CNBC Alphabet-owned Waymo and the auto manufacturing giant Magna International plan to double robotaxi production at their new plant in Mesa, Arizona, by the end of 2026, the companies announced Monday. The “Waymo Driver Integration Plant,” a 239,000 square foot facility

Waymo plans to double robotaxi production at Arizona plant by end of 2026 Read More »

From ‘Cockroach Award’ to the Big Board: Hinge Health’s unlikely path to IPO

From ‘Cockroach Award’ to the Big Board: Hinge Health’s unlikely path to IPO

Technology News

Hinge Health co-founders Gabriel Mecklenburg (left) and Daniel Perez (right). Courtesy of Hinge Health At digital physical therapy startup Hinge Health, CEO Daniel Perez used to recognize hard-working employees with the “Cockroach Award,” a distinction that brought with it a “cockroach squad” t-shirt and a cash payout. References to the insect were abundant at the

From ‘Cockroach Award’ to the Big Board: Hinge Health’s unlikely path to IPO Read More »

Uber inks robotaxi deal with Momenta to launch service in Europe next year

Uber inks robotaxi deal with Momenta to launch service in Europe next year

Technology News

A passenger walks near Uber signage after arriving at Los Angeles International Airport in Los Angeles, California, on July 10, 2022. David Swanson | Reuters Uber said on Friday that it’s partnering with Chinese self-driving startup Momenta to launch robotaxi services outside of the U.S. and China. The first deployment is scheduled to roll out

Uber inks robotaxi deal with Momenta to launch service in Europe next year Read More »

Google advertising antitrust remedies trial set for Sept. 22, judge says

Google advertising antitrust remedies trial set for Sept. 22, judge says

Technology News

Sundar Pichai, chief executive officer of Alphabet Inc., during a visit to the Google for Startups campus in Warsaw, Poland, on Thursday, Feb. 13, 2025. The EU has established a reputation globally for its aggressive regulation of major technology companies, including the likes of Apple and Google over antitrust concerns. Photographer: Damian Lemanski/Bloomberg via Getty

Google advertising antitrust remedies trial set for Sept. 22, judge says Read More »

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