Amazon.com is to cut its stake in Deliveroo to 11.5per cent from 15.8per cent when the British food delivery company goes public via an initial public offering, its IPO prospectus said.
As U.S. transit ridership plunged during the pandemic and cities reduced service, lower-income residents living in city outskirts made up the majority of passengers in new ride-hail partnerships some transit agencies struck with Uber to replace service cuts.
Frontier Group is aiming for a valuation of US$4.52 billion in its U.S. initial public offering (IPO), according to a regulatory filing by the low-cost carrier on Tuesday, as the industry prepares for a rebound from pandemic-driven travel lows.
GameStop Corp said on Tuesday its chief customer officer Frank Hamlin will resign from the company by March 31, pointing to a deepening of changes driven by its new biggest shareholder, Chewy.com co-founder Ryan Cohen.
Russia's communications watchdog accused Twitter on Tuesday of deleting banned content too slowly in the latest dispute between a major government and Big Tech.
U.S. stock index futures slid on Tuesday as energy stocks dropped while investors awaited remarks from Fed Chair Jerome Powell and Treasury Secretary Janet Yellen for clues on the pace of economic rebound.
Reporters Without Borders (RSF) has filed a lawsuit against Facebook in France over hate speech and false information, the global media watchdog said in a statement on Tuesday.
After almost four months of phone calls and emails to GameStop Corp complaining about the slow shipping of an order, New Jersey teacher Steven Titus received a late night call in early March - from a director on the video game retailer's board.
SoftBank Group Corp-backed real estate brokerage firm Compass Inc said on Tuesday it is aiming for a valuation of up to US$10 billion in its initial public offering in the United States.
