Technology

Uber Technologies Inc's ride service bookings slowly recovered in recent weeks as the company expects a coronavirus-related slowdown will delay the goal of becoming profitable by a matter of quarters, not years, Chief Executive Dara Khosrowshahi said on Thursday.

Roku Inc said it expects 2020 ad sales to grow at a slower pace and recorded higher cancellations in the first quarter as advertisers save cash amid the COVID-19 pandemic, sending its shares down 10% in extended trading on Thursday.

California has set rules to allow state manufacturers to begin reopening on Friday from a coronavirus lockdown, Governor Gavin Newsom said, drawing an enthusiastic "Yeah!!" on Twitter from Tesla Inc Chief Executive Elon Musk.

Uber Technologies Inc's ride service bookings rose last week and the company expects a coronavirus-related slowdown will delay the goal of becoming profitable by a matter of quarters, not years, Chief Executive Dara Khosrowshahi said on Thursday.

Alphabet's Sidewalk Labs has pulled the plug on its Toronto "smart city" project, citing "unprecedented economic uncertainty" in a setback for the city's long-planned waterfront revitalization.

Roku Inc posted a bigger net loss in the first quarter on Thursday, as the video streaming device maker spent more to attract subscribers to its free ad-supported channel, sending its shares down 7% in extended trading.

Tesla Inc Chief Executive Elon Musk said in a podcast interview released on Thursday that the company's planned Roadster sports car would take a backseat to the development of other vehicle models.

Dropbox Inc's quarterly revenue and profit beat Wall Street estimates on Thursday, as the file-hosting company signed up more paying customers on its platform with people shifting to remote work due to the COVID-19 pandemic.

Amazon plans to extend the closure of its French warehouses until May 13 included, the e-commerce giant said on Thursday.

A European coalition is forming around an approach to using smartphone technology to trace coronavirus infections that, its backers hope, could help to reopen borders without unleashing a second wave of the pandemic.

Alphabet's Sidewalk Labs has pulled out of its Toronto "smart city" project due to economic uncertainty, the subsidiary's chief executive officer said on Thursday.

Dido Harding, the former chief executive of internet provider TalkTalk, has been appointed by the British government to head its coronavirus test and trace programme with responsibility for overseeing contact tracing.

Facebook Inc's new content oversight board will include a former prime minister, a Nobel Peace Prize laureate and several constitutional law experts and rights advocates among its first 20 members, the company announced on Wednesday.

The runaway success of Nintendo Co Ltd's island life simulator Animal Crossing: New Horizons has overshadowed an uncomfortable fact for fans of the Switch console - it lacks upcoming titles.

How do you ensure that someone sick with COVID-19 stays home?

Apple Inc said on Thursday that it was awarding $10 million to a maker of nasal swabs and other materials for collecting samples for Covid-19 tests in a move aimed at boosting the swab maker's production to 1 million collection kits per week by early July.

Samsung Group heir Jay Y. Lee's vow to end dynastic succession at South Korea's biggest conglomerate following three generations of Lee family control sparked skepticism on Thursday.

PayPal Holdings Inc said it expects a strong recovery in payments volumes in the second quarter as social distancing drives more people to shop online, even as lockdowns start to ease, sending its shares up 8% in extended trading.

Colombia has removed the contact-tracing feature in its official app for informing residents about the novel coronavirus after experiencing glitches, but aims to rebuild using potentially more reliable technology from Apple Inc and Alphabet Inc's Google, a government official told Reuters.

T-Mobile US Inc said on Wednesday it added more monthly bill paying phone subscribers than expected in the first quarter, thanks to a surge in demand for cheaper phone services as people work from home amid coronavirus lockdowns.