Lyft to buy taxi app Free Now for $200 million to expand into Europe
The acquisition — Lyft’s first in Europe — is expected to close in the second half of 2025.
Lyft to buy taxi app Free Now for $200 million to expand into Europe Read More »
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Google faces £5 billion lawsuit in the UK for abusing ‘near-total dominance’ in search
A class action lawsuit filed Tuesday in the U.K. Competition Appeal Tribunal claims Google abused its position to restrict competing search engines.
Google faces £5 billion lawsuit in the UK for abusing ‘near-total dominance’ in search Read More »
Critical chip firm ASML posts lower-than-expected net bookings in first quarter
ASML reported net bookings of 3.94 billion euros ($4.47 billion) for the first quarter, versus a Reuters reported forecast of 4.89 billion euros.
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Google receives cease and desist order from Japan’s antimonopoly watchdog over unfair practices
Japan’s antimonopoly watchdog has issued a cease and desist order against Google for unfair trade practices regarding search services for its Android devices.
Nvidia says it will record $5.5 billion quarterly charge tied to H20 processors exported to China
Nvidia will take a quarterly charge of about $5.5 billion tied to exporting H20 graphics processing units to China and other destinations.
Figma confidentially files for IPO more than a year after ditching Adobe deal
Figma, whose software is widely used among app designers, appears headed for the public market after abandoning a tie-up with Adobe in 2023.
Figma confidentially files for IPO more than a year after ditching Adobe deal Read More »
Meta CEO Mark Zuckerberg considered spinning off Instagram from Facebook in 2018: FTC trial
Meta CEO Mark Zuckerberg considered spinning out Instagram in 2018, according to an email presented Tuesday in the FTC’s antitrust trial against the company.
Amazon emails sellers to gauge how Trump’s tariffs are impacting their businesses
Amazon asked third-party sellers how the “current U.S. tariff situation” has affected sourcing and pricing, logistics and plans to ship goods into warehouses.
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HPE shares pop after activist Elliott Management takes $1.5 billion stake
Hewlett Packard Enterprise shares jumped after Elliott Investment Management took a more than $1.5 billion stake in the server maker
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U.S.’ inability to replace rare earths supply from China poses a threat to its defense, warns CSIS
As China imposes rare earths export controls, the U.S. is unable to make up the shortfall, according to the Center for Strategic and International Studies.