Industry Keyword: Covid-19
Sharing Economy
EU targets Uber, Deliveroo model with gig workers’ rights plan
The European Commission announced draft rules to give many drivers for online firms such as Uber and Deliveroo employee benefits, a move labour unions say is overdue but some companies argue will lead to...
Application Platforms
Google delays mandatory return to office beyond January the 10th
Google has said it is pushing back its January return-to-office plan globally amid growing concerns over the Omicron variant of the coronavirus and some resistance to company-mandated vaccinations.
Google in August had said it would...
Social Networks
Facebook, Instagram remove Chinese network over fake ‘Swiss biologist’ COVID claims
Facebook owner Meta Platforms Inc has said it had removed accounts used by an influence operation originating in China that promoted claims of a fake "Swiss biologist" saying the United States was interfering in...
Online Marketplaces
New York accuses Amazon of backsliding over worker safety
New York state's attorney general has asked a state judge to appoint a monitor to oversee worker safety at an Amazon.com Inc fulfilment centre in New York City, citing the retailer's alleged rollbacks of...
Online Marketplaces
Amazon exec says Omicron’s impact on holiday spending uncertain
A senior Amazon.com executive said it remains too early to predict how the Omicron coronavirus variant will impact consumer spending during the holiday season but suggested that shoppers will press ahead for now.
"It’s very...
Online Marketplaces
Chinese e-commerce platform Pinduoduo slumps after revenue miss
US-listed shares of Pinduoduo plunged as much as 18% in early trading on Friday after the Chinese e-commerce platform missed quarterly revenue expectations as new coronavirus outbreaks hit consumer spending.
Shares of Shanghai-based Pinduoduo Inc...
Sharing Economy
Airbnb revenue surges as countries open up for vaccinated travelers
Airbnb Inc's quarterly revenue topped Wall Street expectations and the short-term home rental company said, a rebound in global travel amid rising vaccination rates in the last three months of the year would drive...
Sharing Economy
Lyft soars as company charts a path out of the pandemic
Lyft Inc shares soared more than 13% in extended trading after the company reported an adjusted profit for the third quarter and outlined a path to sustained profitability on the back of drastic cost...
Online Marketplaces
Amazon’s holiday forecast disappoints as labour, supply issues mount
Amazon.com Inc has reported a slump in profit that it expects will continue through the holiday quarter, as higher wages and spending to attract workers diminish the company's windfall from online shopping.
Shares in the...
Online Marketplaces
EBay revenue outlook disappoints as pandemic-led boom fades
EBay has projected holiday-quarter revenue below market expectations, another sign that the online shopping boom fuelled by the pandemic was tapering as consumers returned to stores.
The company was a big corporate winner in 2020...
FinTech Platforms
Robinhood shares drop below IPO price in after-market trading on crypto slowdown
Robinhood Markets Inc's shares fell below their initial public offering price in after-hours trading after the retail broker reported softer revenue than expected for the third quarter as trading levels declined for cryptocurrencies like...
Covering Bases Blog
AFR: Australia to make permanent company laws allowing virtual AGMs
Australia will make permanent rules introduced during the COVID-19 pandemic that allow companies to hold virtual shareholder meetings and electronically distribute documents, the Australian Financial Review has reported.
Under the new rules, companies will be...