Edition:
United States

Heather Somerville

Airbnb had 'substantially more' than $1 billion in quarterly revenue

Nov 16 2018

SAN FRANCISCO Home-renting company Airbnb Inc said on Friday it had "substantially more" than $1 billion in revenue for the third quarter, marking its strongest quarter yet ahead of a widely anticipated initial public offering next year.

Airbnb had 'substantially more' than $1 billion in quarterly revenue

Nov 16 2018

SAN FRANCISCO, Nov 16 Home-renting company Airbnb said on Friday it had "substantially more" than $1 billion in revenue for the third quarter, marking its strongest quarter yet ahead of a widely anticipated initial public offering expected next year.

Airspace Technologies raises $20 million as investors pile into logistics startups

Nov 15 2018

SAN FRANCISCO The latest startup aiming to bring new technology to the business of moving around cargo has raised $20 million in fresh funding, bolstering an already record year of fundraising for companies in the shipping and logistics sector.

Bain Capital Ventures closes $1 billion fund amid venture fund-raising frenzy

Nov 14 2018

SAN FRANCISCO Bain Capital Ventures, the venture capital division of the eponymous Boston-based investment firm, said it has raised a new $1 billion fund to invest in startups, adding to a year of big-dollar fund-raising by tech investors.

Uber posts $1 billion loss in quarter as growth in bookings slows

Nov 14 2018

SAN FRANCISCO Uber Technologies Inc said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 percent in the latest quarter, the third quarter in a row that growth has remained in the single digits after double-digit growth for all of last year.

Uber posts $1 bln loss in quarter as growth in bookings slows

Nov 14 2018

SAN FRANCISCO, Nov 14 Uber Technologies Inc said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 percent in the latest quarter, the third quarter in a row that growth has remained in the single digits after double-digit growth for all of last year.

GM's driverless car bet faces long road ahead

Oct 24 2018

SAN FRANCISCO It’s one of the biggest bets going in the world of cars. | Video

RPT-INSIGHT-GM’s driverless car bet faces long road ahead

Oct 24 2018

SAN FRANCISCO, Oct 24 It’s one of the biggest bets going in the world of cars.

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