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Tech
Uber surges after Bill Ackman reveals $2B stake in app
Billionaire hedge fund manager Bill Ackman revealed on Friday that his activist investment firm has bought up approximately $2 billion…
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Tech
Trump names David Sacks as White House AI and cryptocurrency czar
President-elect Donald Trump announced Thursday that former PayPal Chief Operating Officer David Sacks will serve as White House artificial intelligence…
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Business
Uber, Lyft avoided millions in pay by locking NYC drivers out of apps: report
Uber and Lyft have been locking New York City drivers out of their apps to avoid paying millions of dollars…
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Business
Ghost kitchen company once valued at $1B pivots to grocery delivery as food-prep business withers
A pandemic-era unicorn that opened hundreds of “ghost kitchens” around the country will lay off more than 50 New York…
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Business
Lyft plunges nearly 20% after weak forecast sparks fears its losing race with Uber
Lyft’s shares tanked 17% on Wednesday after a soft forecast for the key summer quarter stirred worries that it may be…
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