Tech Nuggets with the Technology

Tuesday, May 4, 2021

Lyft sees sustained profit starting in third quarter on cost cuts, demand rebound

Lyft Inc surprised Wall Street with significantly lower losses than expected and said it would deliver dependable profit on an adjusted basis beginning in the third quarter thanks to cost cuts that allow the company to earn more per ride. https://ift.tt/3xMptC2

US Commerce Department pressing Taiwan to supply more chips to US automakers

TSMC CEO C.C. Wei said last month the company had worked with its customers since January to reallocate more capacity to support the auto industry, but the shortage had worsened due to a snowstorm in Texas and a fab manufacturing disruption in Japan. https://ift.tt/3xPp6GQ

Bitcoin, ethereum see strong inflows in latest week, reveals CoinShares data

Bitcoin and ethereum, the two largest cryptocurrencies in terms of market capitalization, posted strong inflows last week that saw investments in the sector hit $489 million, the largest since February, CoinShares weekly data showed on Tuesday. https://ift.tt/3eShkU4

Tinder owner bets on 'summer of love' to lift revenue as curbs ease

The company expects second-quarter revenue in the range of $680 million to $690 million, 22% to 24% higher than last year and above analysts' estimates of $678.8 million, according to IBES data from Refinitiv. https://ift.tt/3b2yCNi

Facebook's Workplace tool reaches 7 million paid subscribers

Social media platform Facebook Inc said on Tuesday that its Workplace tool had reached 7 million paid subscribers, up more than 40% from a year earlier. The COVID-19 pandemic has changed work for millions globally who have switched from being in the office to working from home, fuelling demand for enterprise connectivity platforms, such as Workplace, Slack and Microsoft Teams. https://ift.tt/3xPm0Tc

Facebook relaunches WhatsApp money transfers in Brazil

By using debit or pre-paid cards numbers, WhatsApp's 120 million users in Brazil are able to send each other up to 5,000 reais per month through the messaging service free of charge. Initially, the system will not allow each transaction to surpass 1,000 reais or more than 20 transfers per day. https://ift.tt/3tl8HXe