TechCrunch: Uber lost more than $5B last quarter

Uber has disclosed earnings for the second time since becoming a public company, reporting revenues of $3.16 billion on losses of $5.2 billion for the second quarter of 2019. Uber (NYSE: UBER) closed up more than 9% Thursday at $42.98…

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TechCrunch: Fitbit lowers guidance after Versa Lite disappoints

Fitbit continued solid device growth for Q2, up 31%, year over year, representing a 5% bump in revenue. From that angle, the company’s long-term turnaround appears to be on track — but things weren’t all cheery this time out. Notably,…

TechCrunch: Samsung posts 55.6% drop in second-quarter profit as it copes with weak demand and a trade dispute

As it forecast earlier this month, Samsung reported a steep drop in its second-quarter earnings due to lower market demand for chips and smartphones. The company said its second-quarter operating profit fell 55.6% year-over-year to 6.6 trillion won (about $5.6…

TechCrunch: Zoom outperforms in first-ever earnings report

2019 is a great year for Zoom (Nasdaq: ZM). The company outperformed analyst expectations on Thursday with the release of its first earnings report. The profitable video communications business, which went public in one of the year’s most successful initial…

TechCrunch: Uber is finally trading above its IPO price

Uber (NYSE: UBER) closed up 5% Wednesday at $45 per share, trading for the first time since its May 10 debut at its initial public offering price. The boost comes one day after the quiet period for the dozens of…