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Airbnb, which has faced sky-high expectations since its blockbuster initial public offering in December, posted declining revenue and a whopping $3.9 billion loss on Thursday in its first earnings report as a publicly traded company. The company brought in $859 million in revenue in the last three months of the year, down 22 percent from a year earlier. Its loss was driven by $2.8 billion in… → Read More
The no-fee trading app, which is popular with young investors, has been strained by the high volume of trading this week in stocks such as GameStop. → Read More
The suit had been brought by Françoise Brougher, Pinterest’s former chief operating officer, who said she was fired after speaking up about mistreatment. → Read More
DoorDash had already raised its price range amid demand from potential shareholders as it prepares to begin trading on the New York Stock Exchange. → Read More
The Silicon Valley company leads a wave of tech outfits hoping to test the public markets in the busiest season for I.P.O.s in two decades. → Read More
The two companies argued in federal court over Apple’s power over apps, as their fight heads to trial next year. → Read More
Spotify, Match Group, Epic Games and others have created a nonprofit alliance that they hope will amplify a protest against the power of the giants. → Read More
The agreement for the social media app falls short of President Trump’s promises. → Read More
The approval delays President Trump’s threat to block a popular Chinese-owned social media app, while the American software giant, Walmart and others try to complete a deal to take control. → Read More
The video app is also looking for a new chief executive and has talked to candidates including a founder of Instagram. → Read More
The data storage company is among several prominent start-ups going public this year as the tech industry thrives in the pandemic. → Read More
Tim Sweeney, chief executive of Epic Games, the maker of Fortnite, has railed against tech power. “The market is out of control,” he said. → Read More
The Silicon Valley company could be the next in a string of tech outfits to go public long before they have turned a profit. → Read More
The home rental company, which was privately valued at $31 billion, is trying to go public after its business was crushed by the pandemic. → Read More
More than 200 said they stood in solidarity with three former co-workers who have accused the company of discrimination. → Read More
Epic Games, the maker of the popular game, provoked the tech giants by violating their policies, then released a social media campaign and lawsuits to confront them. → Read More
Françoise Brougher, Pinterest’s former chief operating officer, said she was fired after speaking up about mistreatment. → Read More
When the coronavirus pandemic first hit in March, many technology start-ups braced themselves for The End, as business dried up, venture capitalists warned of dark times ahead and restructuring experts predicted the beginning of a “great unwinding” after a decade-long boom. Five months later, those doomsday warnings have not translated into the drastic shakeout that many had expected. Funding… → Read More
The doomsday warnings about tech start-ups failing in the pandemic have not yielded the shakeout that many expected a few months ago. → Read More
For all the high-minded talk among techies, their new favorite app is an invite-only (so far) social network for mingling with one another. → Read More