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Eric Newcomer / Bloomberg:
Sources: Uber's net loss widens to $1.46B in Q3, gross bookings rose to $9.71B vs $8.74B in Q2, with a net loss in Q2 of $1.06B   —  Uber Technologies Inc.'s net loss widened to $1.46 billion in the third quarter, according to people with knowledge of the matter, a sign that the ride-hailing leader …
Nov 28, 2017, 10:15 PMIn context
Mark Gurman / Bloomberg:
macOS High Sierra bug gives access via password prompt that authenticates as root with empty password   —  Security bug found in latest version of MacOS High Sierra  —  Company says it is working on a software update to fix issue  —  Apple Inc. customers have discovered a significant security flaw …
Nov 28, 2017, 6:25 PMIn context
Eric Newcomer / Bloomberg:
Sources: SoftBank offers to buy secondary Uber shares at $48B valuation, 30% below Uber's recent $69B valuation, and will also invest $1B+ at $69B valuation   —  The price is 30% below Uber's last primary round, people say  —  A slate of investors has agreed to sell shares for the deal
Nov 27, 2017, 8:05 PMIn context
Sam Kim / Bloomberg:
Yanolja, Korea's top hotel booking app, valued at $547M, seeks to improve the sleazy “love motel” image of its 17K partners, to welcome families, businesspeople   —  'Let's Play' app draws 17,000 hotels as firm prepares for IPO  —  Entrepreneur shaking up industry by pushing motels to upgrade
Nov 26, 2017, 12:15 PMIn context
Kati Pohjanpalo / Bloomberg:
Rovio shares fell 20%+ on Thursday, below its September IPO price, as Angry Birds maker's customer acquisition costs increased 4X YoY to $26.3M, hurting profits   —  Investments in attracting new users weigh on profitability  —  Stock falls more than 20% to lowest level since September IPO
Nov 24, 2017, 5:05 PMIn context
Ilya Khrennikov / Bloomberg:
Yandex and Uber receive approval from national antitrust regulator to merge their ride sharing businesses in Russia; merger expected to close in January 2018   —  Yandex, Uber to combine taxi businesses in January 2018  —  Joint venture shouldn't restrict users, drivers using rivals
Nov 24, 2017, 12:55 PMIn context
Giles Turner / Bloomberg:
UK Digital Minister Matt Hancock says Uber's October 2016 hack affected UK citizens and the government plans to publish a report in the coming days   —  Digital Minister Matt Hancock speaks in U.K. parliament  —  Hackers stole the personal data of 57 million individuals
Nov 23, 2017, 12:05 PMIn context
Bloomberg:
Locus Robotics, maker of automated warehouse robots, raises $25M Series B led by Scale Venture Partners   —  Locus Robotics is raising serious cash in its bid to automate warehouses, bringing industry investment to $70 million this year.  —  A few years ago, Amazon.com Inc. triggered …
Nov 22, 2017, 12:55 PMIn context
Eric Newcomer / Bloomberg:
Uber fires CSO, says in Oct '16 personal info of 50M riders, 7M drivers, including 600K driver's license numbers, stolen; Uber paid hackers $100K to delete data   —  Company paid hackers $100,000 to delete info, keep quiet  —  Chief Security Officer Joe Sullivan and another exec ousted
Nov 21, 2017, 5:15 PMIn context
Mark Gurman / Bloomberg:
Sources: Apple's HomePod, which is delayed and has limited features versus Amazon's Echo, started as a side project and was cancelled and revived several times   —  The Apple speaker started as a side project, was cancelled and revived several times and can't do as many things as the Echo.
Nov 21, 2017, 9:30 AMIn context

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