Uber Axes 3,300 Jobs to Build Its Autonomous Future
Uber cuts 3,300 jobs (10% of staff) to slash management layers and simplify operations, bringing total workforce under 30,000.
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Uber Advances Delivery Hero Acquisition With Formal Cash Offer
Uber launches a €41.50/share takeover bid for Delivery Hero after BaFin approval. Acceptance runs through Nov. 5. Get the details.
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Breakfast News: Week in Review
Nvidia agreed to acquire Hugging Face for $13 billion in a defensive move as customers develop competing chips, while MongoDB beat earnings expectations but fell 15% due to slower Q3 guidance. Token prices hit record lows, pressuring AI companies' business models. Uber cut 10% of workforce while lobbying against robotaxi regulations, and the Fed signals potential rate hold, impacting expensive AI stocks.
Bill Ackman Says Pershing Square Has Achieved a 20% Gross Annual Return Since Inception and Aims to Keep Beating That Bar. Can His Newly Launched Funds Live Up to the Track Record?
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