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...