NET PROFIT OF SOFTBANK GROUP IN APRIL-DEC. PEIOD RISE OVER $29 BILLION

Highlights –

• Net profit of SoftBank Group in April-Dec. period rise over $29 billion.
• The massive increase was due to the stock valuation of its tech-company investments.
• The company’s sales in nine months through Dec. were 4.14...

CALIFORNIA APPEALS COURT HALTS LOWER COURT ORDER OVER UBER AND LYFT DRIVER-EMPLOYER ISSUE

Highlights –

• California appeals court halts lower court order over Uber and Lyft driver-employer issue.
• Drivers wish to continue working as independent contractors.
• The initial ruling forced the companies to treat their drivers as em...

UBER SACKS 23% OF WORKFORCE AMID COVID-19 CRISIS

Highlights

• Uber Technologies Inc. will sack 6,700 employees

• The newly planned measures are expected to bring in $1 billion in annual cost savings

According to an email sent by Uber Technologies Inc.’s chief executive officer Dara Khosrowshahi to e...

In the months following listings, the stocks of leading companies languished

In 2019 the market mood quickly changed, as 2019 appeared to be a bumper year for IPOs. In the months following their launch, the stocks of high-profile start-ups such as Uber Technologies Inc (Uber Technologies Inc., UBER.N) and Lyft Inc (LYFT.O) languished.

The consequence has been th...