Airbnb: The revival attempt is a return to its roots
An air mattress to earn a handful of dollars by offering temporary accommodation to a lone traveller left without a bed due to sold-out hotels in San Francisco. Thus was…
Netflix plans to cut spending by $300 million this year
By Tiyashi Datta (Reuters) – Netflix Inc plans to cut its spending by $300 million this year, the Wall Street Journal reported on Friday, citing people familiar with the matter.…
Google to pay $8 million to settle claims of deceptive ads
By Diane Bartz WASHINGTON (Reuters) – Google, a unit of Alphabet, has agreed to pay $8 million to settle claims it used deceptive advertisements to promote the Pixel 4 smartphone,…
Disney shares slip as streaming losses narrow but some subscribers leave
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) – Walt Disney Co reduced streaming losses by $400 million from the prior quarter but also shed subscribers, the company reported…
Lyft to ‘significantly’ cut jobs in new CEO’s first major move
By Akash Sriram and Aditya Soni (Reuters) – Lyft Inc CEO David Risher said on Friday the ride-hailing company will “significantly” cut jobs in another round of layoffs to reduce…
Amazon launches program to identify and track counterfeiters
By Arriana McLymore NEW YORK (Reuters) – Amazon has launched its Anti-Counterfeiting Exchange (ACX), an initiative to help retail stores label and track marketplace counterfeits as part of the e-commerce…
Twitter taps eToro to let users trade in stocks, crypto
By Akash Sriram (Reuters) – Trading and investing platform eToro said on Thursday it has partnered with Elon Musk-led Twitter to let users access real-time prices of cryptocurrencies, stocks and…
Amazon shareholder proposals hit a record for second-consecutive year
By Arriana McLymore NEW YORK (Reuters) – E-retail giant Amazon is facing 18 shareholder proposals, beating its 2022 record of 15 proposals, as environmental, social and governance (ESG)-focused investors push…
US House panel subpoenas FTC for Twitter probe documents
By Kanishka Singh WASHINGTON (Reuters) – The Republican-led U.S. House of Representatives Judiciary Committee has subpoenaed the Federal Trade Commission‘s chair for documents related to the regulatory agency’s privacy probe…
Levi’s tests AI-generated models to boost inclusivity and personalization
Levi’s plans to invest in virtual models, creating avatars through artificial intelligence to boost inclusivity and personalization. The San Francisco-based clothing retailer said it would partner with startup Lalaland.ai to create fashion…