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Kia EV6 smashes Tesla’s world record

Recently, the Kia EV6 was also taken on a coast-to-coast road trip from New York to Los Angeles and set another new world record in the process. During the seven-day trip, the Kia EV6 was charged for a total of seven hours, 10 minutes, and one second. That was fast enough for it to set […]

Peloton reports wider-than-expected loss

Peloton shares tumbled more than 25% on Thursday, after the company reported weakening sales growth and a wider-than-expected loss in its fiscal first quarter. The company slashed its outlook for the full fiscal year amid softened demand for its exercise equipment and ongoing supply chain challenges. More consumers are opting to return to gyms such […]

Lime raises $500M and public plans

Lime raises over $500 million, confirms plans to take its electric scooter company public. Now, Lime says that its most recent funding round was oversubscribed, with $418 million in debt financing led by Abu Dhabi Growth Fund, Fidelity Management & Research, Uber, and certain funds managed by Highbridge Capital Management. The company also received a […]

Lyft doing pretty well with Rentals

Little known is Lyft doing consumer rentals much like Hertz. This play differs from Uber which chose to partner with Hertz and Sixt for their rentals. Currently Lyft Rentals is super conveniently located in Mission. Will be interesting to see how this pans out as a business.

Uber partners with Hertz to offer 50,000 Tesla

Uber Technologies Inc on Wednesday said it is launching a new partnership with rental car company Hertz to offer 50,000 Tesla Inc vehicles as a rental option for its ride-hail drivers by 2023. The announcement comes after Hertz on Monday said it would order 100,000 Tesla vehicles by the end of 2022, meaning that half […]

AMD beats revenue estimates with $4.31B

Advanced Micro Devices reported its revenues and earnings for the third quarter ended September 30 exceeded expectations, with revenue growing 54% to a record $4.3 billion. Non-GAAP net income for the quarter was $893 million, or 73 cents a share, beating expectations of 67 cents a share on a non-GAAP basis. AMD said it was […]

Intel readies 12th-gen Alder Lake chips

Intel’s 12th Gen Alder Lake chips have finally arrived, ushering in a new era of the company’s chips, lead by the flagship Core i9-12900K CPU, which Intel promises is the “world’s best gaming processor.” Intel is also heavily pushing Windows 11 as a key part of its Alder Lake lineup, noting that it’s worked with […]

France protects book industry from Amazon

As much as I like bookstores, this feels to me like too much protectionism. Sophie Fornairon’s independent bookshop has survived the rise of Amazon thanks to a French law that prohibits price discounting on new books, but she says the e-commerce giant’s ability to undercut on shipping still skews the market against stores like hers. […]

Uber starts 15-minute delivery in Paris

The U.S. ride-hailing and food delivery company said it has expanded a partnership with French supermarket chain Carrefour to debut the service, which is called Carrefour Sprint. It will be available on the Uber Eats app from Tuesday. Rather than sending couriers to Carrefour stores, Uber is relying on a network of so-called dark stores […]

Facebook Q3 earnings: profit beats estimates

Surprise surprise, Facebook beats profit estimates. I was skeptical in this round considering Apple’s effort on privacy and I was wrong Looks like ads are still doing pretty well. Facebook reported mixed third quarter earnings on Monday, slightly missing revenue estimates but continuing to grow its user base in the face of multiple controversies that […]

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