Sharing/On-demand Economy Services

Less than a year after Didi Global Inc. DIDI 1.33% listed its shares in the U.S., the Chinese ride-hailing giant said its shareholders had approved its plan to delist from the New York Stock Exchange, concluding a regulatory roller-coaster ride that sent its market value plummeting. The move will allow the company to move forward after it was caught in Beijing’s campaign to tighten its grip on China’s tech giants and their troves of…

One thing not in short supply right now are product announcements in the online travel sector. Over the past two weeks both Airbnb ABNB 2.62% and Uber Technologies UBER 2.46% have unveiled big, multipronged platform updates, ostensibly to better serve consumers and make them more comfortable using their platforms as pent-up travel demand surges. The changes are as crucial to their…

Marriott International Inc. is introducing a media network this month with Yahoo Inc. that will help advertisers target consumers, in part by using the hotel chain’s data on its guests, to bring them ads on places such as the hotel’s websites and, eventually, on the TV sets in their rooms. Marriott Media Network comes as the marketing industry is developing new ways to reach consumers amid a wave of privacy changes, including a plan by Alphabet Inc.’s Google to…

Twitter Inc. TWTR -8.31% is freezing most hiring. Amazon.com Inc. recently said it is overstaffed in its warehouses. Uber Technologies Inc. UBER 3.57% told employees to consider hiring a privilege.After years of adding jobs at a rapid pace, some of America’s fastest-growing companies have signaled in recent weeks that they plan to take a more cautious approach to bringing on new workers. The shift by these technology…

DoorDash Inc.’s DASH -1.42% revenue rose last quarter, showing that consumers stuck to getting food and household essentials delivered even as more restaurants and stores reopened.Revenue for the three months ended March grew 35% to $1.46 billion from a year earlier, when fresh Covid-19 concerns caused people to hunker down. Analysts surveyed by FactSet on average had predicted $1.38 billion in revenue. The rate of growth for the quarter marked a sharp slowdown. The…

Lyft Inc. LYFT -29.91% said it would invest in the current quarter to ensure adequate driver supply and grow its ride-hailing platform, spooking investors as the spending weighs on operating profit. The ride-hailing company on Tuesday forecast adjusted earnings before interest, taxes, depreciation and amortization, its preferred metric of financial performance, of $10 million to $20 million. The figure represents a second sequential…

Uber Technologies Inc.’s UBER -4.65% revenue more than doubled last quarter, as demand for rides rebounded from the downturn caused by the Covid-19 surge late last year and the company’s food delivery grew despite restaurant reopenings. Uber issued a bullish outlook for the current quarter, but its shares fell about 5% Wednesday, triggered in part by rival Lyft Inc.’s LYFT -29.91% results a day earlier. Lyft spooked…

Thousands of food-delivery drivers walked off the job in Dubai over the weekend to protest low pay and poor working conditions, a rare act of defiance in the Middle East business hub where labor actions are criminalized.The foreign workers contracted by Deliveroo, a U.K.-based app that went public last year with backing from Amazon.com Inc., refused to make deliveries for over 24 hours, crippling the company’s service during a busy period at the end of Ramadan when Muslims fast during the…