Latest Platform News
Read the latest platform economy news and important industry commentary from the editorial team at Platform Executive and our global content partners, including Thomson Reuters.
Facebook has six months to determine if Trump returns
Facebook’s oversight board upheld the company’s suspension of former US President Trump but said the company was wrong to make the suspension indefinite and gave it six...
Uber narrows loss on food-delivery growth, cost cuts, but ride-hail demand flat
Uber Technologies has said its food-delivery business continued to grow despite signs of US recovery from the COVID-19 pandemic, but ride-hail bookings were flat from the previous ...
PayPal profit tops estimates on digital payments boom
PayPal Holdings Inc has reported its strongest first quarter on record and beat profit estimates, with a coronavirus-driven shift to online shopping and digital transactions boosti...
US chip startups, long shunned, stir excitement again
Silicon Valley venture capitalists, long focused on software and internet companies, are again pouring money into the semiconductor industry, lured by the promise of a new generati...
Latin American’s MercadoLibre’s loss widens on higher taxes
MercadoLibre Inc has posted a larger quarterly loss, hit by a higher tax bill and weak margins, as the Argentine e-commerce giant boosts spending to respond to a surge in online sh...
Zynga to buy mobile ad focused Chartboost, raises bookings forecast
Zynga has said it would buy mobile game ad network Chartboost and raised its full-year bookings forecast, counting on robust performance of titles such as “Harry Potter: Puzz...
Twitter hears from record respondents over world leader rules
Twitter has received a record number of responses to a survey on how it should handle world leaders, a spokeswoman said, an issue in the spotlight ahead of the possible return of f...
Judge presses Epic CEO during second day of Apple antitrust trial
A U.S. judge on Tuesday pressed the chief executive of “Fortnite” creator Epic Games on how the fundamental changes the game maker is asking her to force on Apple Inc&#...
Lyft sees sustained profit starting in third quarter on cost cuts, demand rebound
Ride-sharing challenger Lyft has surprised Wall Street with significantly lower losses than expected and said it would deliver dependable profit on an adjusted basis beginning in t...
Bitcoin, ethereum see strong inflows in latest week
Bitcoin and ethereum, the two largest cryptocurrencies in terms of market capitalization, posted strong inflows last week that saw investments in the sector hit $489 million, the l...
Tinder owner bets on ‘summer of love’ to lift revenue as curbs ease
Match forecast current-quarter revenue above expectations on Tuesday, banking on its online dating apps including Tinder and Hinge attracting more subscribers as easing pandemic cu...
Uber, Lyft have a California playbook to fight proposed US rules on workers
Uber, Lyft and other gig-economy companies face a new challenge from the Biden administration to their use of contract workers, but as they gear up for a fight in Washington they c...
Verizon to offload Yahoo, AOL for $5 billion
Verizon Communications is getting rid of its media businesses that include iconic brands Yahoo and AOL for $5 billion, ending an expensive and unsuccessful run in the media and adv...
Messaging app Discord ties up with Sony’s PlayStation
A unit of Sony Corp has made a minority investment in Discord Inc as part of a deal to tie in the messaging platform with the consumer electronics company’s PlayStation gamin...