Category: <span>Tech</span>

Airbnb beat Wall Street expectations for first-quarter gross bookings and revenue on Thursday, as speedy COVID-19 vaccinations and easing restrictions encouraged more people to check into its vacation rentals. Gross bookings jumped 52% to $10.29 billion in the quarter, easily beating analysts’ estimates of $6.93 billion. “For guests aged 60 and above in the U.S.,...

Hulu former CEO Jason Kilar Regret for not Taking the Streaming service International As reported in Variety website, Jason Kilar, CEO of WarnerMedia, revealed his biggest regret from his time helming Hulu was being unable to convince the board to let the company launch Hulu service globally. “I think it’s totally fair to bash, candidly, Hulu’s...

Honda Motor Company is aiming to increase its ratio of electric vehicles (EVs) and fuel cell vehicles (FCVs) to 100% of all sales by 2040, said chief executive Toshihiro Mibe. Speaking at his first news conference since taking the helm of Japan’s second-largest automaker at the beginning of April, Mibe said the company supported the...

Facebook’s independent oversight board on Wednesday upheld a ban on former US president Donald Trump while ordering further review of the case, in a decision with a potentially far-reaching impact on the regulation of online speech. The board, whose decisions are binding on the leading social network, said Trump “created an environment where a serious...

SpaceX has received more than 500,000 preorders for its Starlink satellite internet service and anticipates no technical problems meeting the demand, founder Elon Musk said on Tuesday. “Only limitation is high density of users in urban areas,” Musk tweeted, responding to a post from a CNBC reporter that said the $99 deposits SpaceX took for...

Video sharing site, TikTok announced a new CEO and COO, in what its Chinese parent company ByteDance said was “a strategic reorganization” to optimize the popular short-form video app’s global teams and support its continued growth. Shou Zi Chew, who joined ByteDance last month as CFO, will now also become CEO of TikTok. Vanessa Pappas, who has...

Telecommunications group Vodafone and tech giant Google are teaming up to build a new cloud based storage. According to Reuters, the mobile operator Vodafone Group Plc and Alphabet Inc’s Google Cloud entered a strategic partnership to jointly develop data services, Vodafone said on Sunday. About 1,000 workers in Britain, Spain and the United States will...

The soon to launch Jeff Bezos’ Blue Origin is finally getting ready to sell tickets for seats on its suborbital New Shepard rocket. No details on price or timelines yet, but the company tweeted a video on Thursday featuring a cowboy-hat-wearing Jeff Bezos driving an electric Rivian truck through the Texas desert right after Blue Origin’s...

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Canada’s Shopify Inc, on Wednesday smashed first-quarter profit and revenue estimates on resilient demand for the company’s e-commerce platform from businesses despite a gradual opening of economies. The company, which provides infrastructure for retailers to set up their stores online, emerged as a pandemic winner with revenue soaring 86% last year from 2019 and shares...