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.

Platform Industry News: President Donald J Trump

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...

Platform News: Ride-hailing app Uber Technologies

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 ...

Platform News: PayPal

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...

Chipmakers

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...

e-commerce in latin america

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...

Platform News: Zynga

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...

Platform Industry News: Twitter

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...

Platform News: Epic Games, the maker of the Fortnite game

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&#...

Platform News: Lyft ride-hailing app is part of the sharing economy

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...

Platform News: A visualisation of Bitcoin, digital currency and cryptocurrency

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 App

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...

Platform News: US ride-hailing services Lyft and Uber

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...

Platform Economy: Verizon wireless in the US

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...

Platform News: Discord

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...