Sharing

Uber Technologies Inc. and Lyftare recalibrating to a new reality: Investors are increasing the pressure to rein in hefty losses, riders are taking fewer trips as fares rise and drivers are still in short supply. The average Uber and Lyft fare hit a record high in the U.S. last month, according to market-research firm YipitData, driven by the labor shortage and high gas prices. The companies collectively drew at least 20% fewer riders and posted 35% fewer trips in the first quarter than three years earlier, according to…

Lyft Inc. LYFT -17.27% will slow hiring, reduce the budgets of some of its departments and grant new stock options to some employees to make up for its eroding share price, joining rival Uber Technologies Inc. UBER -9.38% in outlining cuts as investor optimism cools on tech stocks.President John Zimmer announced the measures Tuesday in a memo to staff. “It’s clear from our discussions…

At its annual Build developer conference, Microsoft has announced Live Share for Microsoft Teams, a new feature that could replace boring screen shares. The experience is designed to make your meetings more collaborative and engaging, so that you can interact with and share content in a meeting in new ways. Microsoft believes it can help you better interact with shared apps directly in a Teams meeting window. It’ll be up to app developers to enable it, but Live Share in the Teams meeting stage should allow you to…

According to KIT researchers, pooling and sharing options like bicycles can support public transportation. Credit: Amadeus Bramsiepe, KIT Being mobile individually, at any time, without owning a car represents an environmentally conscientious lifestyle. To facilitate this, public transportation authorities cooperate with service providers for new forms of mobility such as bicycle sharing, car sharing or ridepooling.…

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…

Lil Reese has welcomed another child.The Chicago rapper tweeted that he was a father of a baby girl, sharing adorable photos on his social media accounts. He tagged @Kairiharley_, the Instagram handle of his baby girl, who is named Kai’ri.“I just had a baby girl 😍 she so fucking pretty,” he wrote on social media. “I’m finna fall the fuck out ion even suppose be posting these pics but fuck it.” According to Hollywood Life, Reese also has another daughter named Aubri Taylor.  Last year, Lil Reese delivered his…

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…

Along with the Pixel phones, watches and earbuds at Google’s annual showcase of software and devices last week came a pair of nifty-looking translation glasses. Put them on and real-time “subtitles" appear on the lenses as you watch a person speaking in a different language. Very cool. But the glasses aren’t commercially available. It’s also unlikely they will make anywhere near as much money as advertising does for Google’s parent, Alphabet Inc. Of the company’s $68 billion in total revenue from the quarter…

TikTok on Wednesday announced an ad revenue-sharing programme with the social media platform's most prominent creators, moving closer to a model already used by its competitors.The short-video format app has become wildly popular in recent years with more than a billion active users globally, but has been criticised for not providing a way for creators to effectively monetise content.Under the new TikTok Pulse programme, companies can place their ads next to user content in specific categories, including health, fashion,…