Tag: covid-19
Lyft shares rally 14% after it reports Q1 revenue growth of 23% to $955.7M
Fresh off of a large round of layoffs, Lyft reported its Q1 results this afternoon. The ride-hailing company disclosed that it generated revenue of $955.7 million in the first three months of 2020, up 23% from its year-ago Q1 revenue result of $776 million. The company’s net loss of $398.1…
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AR is the answer to plummeting retail sales during lockdown
Alex Chuang Contributor Alex Chuang is the managing partner of Shape Immersive, a leading VR/AR agency that drives innovation for the world’s top brands and enterprises. More posts by this contributor The fall of the unicorns brings a new dawn for water bears Where Vancouver’s Tech Ecosystem Goes From Here…
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More debt, improving margins: How startups are retooling in the COVID-19 era
A new data set from Silicon Valley Bank (SVB) details how startups are reacting to the post-unicorn era as COVID-19-related disruptions upset the global economy and remake the risk tolerance of private investors. What SVB’s new report shows is unsurprising: venture capital deal volumes are falling, startups are tapping existing…
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Facebook users are buying and selling pangolin parts, even though it’s illegal
In spite of their protected status under international laws, pangolins remain one of the most trafficked animals in the world—and at least some of that trade is taking place right out in the open on Facebook . A new report from tech watchdog group the Tech Transparency Project details how…
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The first public Android 11 beta will be available on June 3rd
Google I/O isn’t taking place this year because of the COVID-19 pandemic, so you might be wondering what’s next for Android, which Google typically spotlights at the event. It’s releasing the Android 11 beta a bit later than usual this year, with a v… Source
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Andela CEO confirms staff cuts as layoffs hit African tech
Africa-focused tech talent accelerator Andela has let go 135 employees, CEO Jeremy Johnson confirmed to TechCrunch. Senior staff at the company — with offices in New York and five African countries — will also take salary cuts of 10% to 30%. The compensation and staff reductions are a result of…
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