Uber Technologies announced on Wednesday its plan to repurchase up to $7 billion worth of company shares following a robust recovery in its ride-share segment and strong demand in its food delivery business. This move led to a more than 5% increase in Uber’s shares to $72.50 in pre-market Continue Reading
According to a blog post by Sriharsha Majety, the CEO and Co-founder of Swiggy, the on-demand convenience platform’s food delivery business has become profitable. Mr. Majety stated that Swiggy’s food delivery business turned profitable as of March 2023, considering all corporate costs but excluding employee stock option costs. He emphasized that this Continue Reading