Exercise startup Peloton narrows losses November 5, 2019 Fitness startup Peloton narrowed its losses in its first quarter despite pushing forward with expansion plans and investment in its online platform. The company posted a loss of $49.8m (£38.71m) in the three months to 30 September, reducing the figure by $4.8m on the previous year as the firm continued to target international growth. Read [...]
IPO costs knock Trainline into loss despite jump in ticket sales November 5, 2019 Trainline fell to a post-tax loss of £89m following its June IPO despite a 20 per cent boost to net ticket sales in its half-year results, it said today. Read more: Trainline increases revenue expectations as sales soar The figures Trainline recorded an £89m loss after tax in the six months to the end of [...]
New technologies to gain funding boost over next five years November 5, 2019 Nascent technologies such as quantum computing, blockchain and artificial intelligence (AI) are set to receive significant attention from British businesses over the next five years, new research has found. The amount of firms set to invest in quantum computing is to nearly triple from 11 per cent today to 32 per cent in five years, [...]
Uber hopes to turn a profit in 2021, as ride hailing firm makes heavy third quarter loss November 4, 2019 Ride hailing giant Uber hopes to be profitable by 2021, its chief executive has said, as the company booked a more than $1bn loss in its third quarter earnings. Uber beat Wall Street estimates for revenue over the period, as the number of people using its ride-hailing and food delivery service increased. However, it still [...]
Facebook launches corporate rebrand amid antitrust concerns November 4, 2019 Facebook has today unveiled a rebrand for the parent company, in an effort to help users understand what apps and companies the tech giant owns and operates following pressure from regulators and politicians. From now on, apps such as Instagram and Whatsapp will show a more prominent “From Facebook” tagline, with a new logo developed [...]
Does WeWork spell the end of the unicorns? November 4, 2019 | Sponsored WeWork has undergone a dramatic fall from grace recently. Just two months ago the office rental start-up was expecting to offer shares to the public at a total business valuation of $47 billion. This soon halved and then investors rapidly pulled their support for an initial public offering (IPO) above $12 billion. The IPO was [...]
German and British scaleups go head-to-head in tech funding wars November 4, 2019 Tech scaleups in the UK and in Germany are leading the way for European late stage funding, locked in a battle to see which country will come out on top for 2019. The two nations have pulled ahead of the pack in terms of mega rounds — injections of €100m (£86.3m) or more — between [...]
Sony Xperia 5 review: The best way to watch movies in the palm of your hand, if you really must November 1, 2019 Price: From £699Web: sonymobile.comRating: ★★★★☆ Hats off to Sony. Where most phones strive to become more rectangular, more black and more shiny than the last, the Xperia 5 defies convention. Its predecessor, this June’s Xperia 1 was a refreshingly novel design, a mega-tall skyscraper of a phone with a 21:9 aspect ratio, giving it the [...]
Google Pixel 4 XL review: With Jedi-style motion-controls and astrophotography, the new Android superstar is out of this world November 1, 2019 The fourth generation Pixel phone is the prettiest object Google has ever created. Whereas Apple has gone rogue with the boggle-eyed triple lens design of its latest iPhone, the Android flagbearer more closely resembles hardware that, before now, could have come from those same designers in Cupertino. The camera bump on the rear is a [...]
Google to buy Fitbit for $2.1bn November 1, 2019 Google is set to snap up Fitbit in a deal worth roughly $2.1bn (£1.6bn). The tech giant is acquiring the fitness tracking company for $7.35 a share, in a move that is expected to be completed next year. Read more: Technical issue with Revolut app leaves customers unable to sign in Fitbit’s stock jumped 16 [...]
