Morning Tidings

Tag: reports

  • Uber Reports $2.4 Billion Net Loss in Q3 as Rides Return to Normal

    San Francisco, November 5: Ride-hailing company Uber witnessed wider losses to the tune of 2.4 billion dollars in the third quarter (Q3), owing to a drop in the value of its investment holdings and particularly in China-based online mobility firm Didi. For the third quarter of 2021, Uber reported a net loss of 2.4 billion dollars or 1.28 dollar per share, compared to a loss of 1.1 billion dollar or 0.62 dollar per share in the year-ago period. The net loss was partially offset by unrealised gains related to the revaluation of Uber’s Zomato, Aurora and Joby stakes.

    Revenue grew 72 per cent (on-year) to 4.8 billion dollars, or 69 per cent on a constant currency basis, the company said on Thursday. “Our early and decisive investments in driver growth are still paying dividends, with drivers steadily returning to the platform, leading to further improvement in the consumer experience,” said Uber CEO Dara Khosrowshahi. “This is especially important as mobility reignites. Mobility gross bookings are up 18 per cent over just the last two months and this Halloween weekend surpassed 2019 levels,” he said. Paytm’s Parent Company One97 Communications Limited Expected to list in Indian Stock Market by November 2021 With $3 Billion IPO.

    Gross bookings on Uber reached an all-time high of 23.1 billion dollar, up 57 per cent year-over-year. Uber saw 1.64 billion trips in the third quarter and monthly active platform consumers reached 109 million. “While we recognise it’s just a step, reaching total-company Adjusted EBITDA profitability is an important milestone for Uber,” said Nelson Chai, CFO. “Not only did our mobility business recover to pre-Covid margins this quarter, our core restaurant delivery business was profitable on an Adjusted EBITDA basis for the first time as well, bringing the full delivery segment close to breakeven,” he informed.

    (The above story first appeared on Morning Tidings on Nov 05, 2021 12:13 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Faisal Shaikh Aka Faisu Detained by Mumbai Police; Social Media Influencer in Legal Trouble for Ramming BMW Car Into a Society’s Gate – Reports

    Social media influencer Faisal Shaikh is in legal trouble. As reportedly, the boy has been detained by Mumbai police for rash driving. The report further elaborates, that Faisal aka Faisu rammed into a society’s gate with a BMW car after losing control over the vehicle. However, nothing as such has been officially confirmed yet.

    Watch Video:

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    (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user’s social media account and Morning Tidings Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of Morning Tidings, also Morning Tidings does not assume any responsibility or liability for the same.)

  • Samsung Postpones Galaxy S21 FE Launch to October 2021, Say Reports

    Seoul, September 27: South Korean tech giant Samsung has reportedly cancelled the launch of its Galaxy S21 FE smartphone. As per GSM Arena, Samsung was expected to bring the affordable flagship Galaxy S21 FE at the August Unpacked event, but it was eventually postponed to a standalone launch in October.

    The latest reports from South Korea revealed that this is not happening either. The Korean manufacturer has cancelled the arrival entirely, citing impressive Galaxy Z Flip3 sales, as well as the chip shortage plaguing the smartphone business in 2021. Also Read | A Delhi NCR-Based Sexologist Clinic- Dr SK Jain’s Burlington Clinic Pvt Ltd Breakthrough A Family Legacy.

    Samsung had been preparing an Unpacked event for mid-October, but a company representative has confirmed it is not happening, and the team is reviewing whether the phone would hit the market at all. Also Read | Esscloud ENZ Shares His Musical Story So Far.

    The Galaxy Z Flip3 is already selling well with a Snapdragon 888 chipset, the very same chipset the Galaxy S21 FE was expected to arrive with.

    (This is an unedited and auto-generated story from Syndicated News feed, Morning Tidings Staff may not have modified or edited the content body)

  • OnePlus 9 performance throttling: Company says new chipsets are ‘overkill’ for tasks like light gaming, browsing and more- Technology News

    OnePlus 9 performance throttling: Company says new chipsets are ‘overkill’ for tasks like light gaming, browsing and more- Technology News

    tech2 News StaffJul 14, 2021 12:01:56 IST

    OnePlus has acknowledged that it “throttles” the performance of the OnePlus 9 Series when it comes to using 300 popular android apps. First reported by AnandTech, OnePlus was limiting the performance of the OnePlus 9 series in the 300 android apps that include Instagram, Snapchat, Facebook, Google Chrome, Microsoft Edge and more. Geekbench reportedly removed both the OnePlus 9 and the OnePlus 9 Pro from its database as they delivered the full potential of the Snapdragon 888 chipset in the benchmarking apps.

    OnePlus 9

    In a blog post, OnePlus acknowledged the issue and explained the reason behind it. It revealed that smartphone chipsets these days have reached a point where their “power is an overkill” in some circumstances. These include social media, browsers and light gaming.

    As per the statement, “In the case of the OnePlus 9 and 9 Pro, when you open apps or heavy games, the Snapdragon 888 processor, including the super powerful X1 CPU core, will run at full speed to provide the best performance. But with actions that do not require the maximum power, like reading a webpage or scrolling through Twitter and Instagram, it’s not necessary for the CPU to run at almost 3 GHz to do that smoothly. The OnePlus 9 and 9 Pro reduce the CPU frequency in these scenarios to reduce power consumption and heat dissipation while maintaining a smooth experience.”

    It further revealed that its R&D team also maintains the list of apps (based on the most popular Google Play Store apps). These apps include Chrome, Twitter, Zoom, WhatsApp, Facebook, Instagram, Snapchat, YouTube, Discord, Microsoft Office and more. All the performance limitations and optimisations are finalised by running it by the testing team first so that the user experience is not negatively affected.

  • Bill Gates Resigned From Microsoft’s Board of Directors in 2020 Amid Reports of Relationship with Staffer

    Bill Gates Resigned From Microsoft’s Board of Directors in 2020 Amid Reports of Relationship with Staffer

    Washington, May 17: Resignation of Bill Gates in 2020 from Microsoft’s Board of Directors came after the board hired a law firm to investigate a romantic relationship he had with a Microsoft employee that was deemed inappropriate, people familiar with the matter said.

    Quoting Wall Street Journal, CNN reported that some Microsoft Directors began an investigation in 2019 into the woman’s allegations of prior sexual relationship with Bill Gates. Bill Gates Steps Down From Microsoft’s Board of Directors to Spend More Time on Philanthropic Priorities.

    During the probe, some board members decided it was no longer suitable for Gates to sit as a Director at the software company he started and led for decades, the people said.

    Gates resigned before the Board’s investigation was completed and before the full board could make a formal decision on the matter, another person familiar with the matter said, reported Wall Street Journal.

    “Microsoft received a concern in the latter half of 2019 that Bill Gates sought to initiate an intimate relationship with a company employee in the year 2000,” a Microsoft spokesperson said.

    “A committee of the Board reviewed the concern, aided by an outside law firm to conduct a thorough investigation. Throughout the investigation, Microsoft provided extensive support to the employee who raised the concern.”

    Meanwhile, Gates’s spokeswoman refuted the allegations and said the decision to leave board in 2020 was not related to the matter.

    A spokesperson for Gates said, “There was an affair almost 20 years ago which ended amicably.” The spokesperson said his “decision to transition off the board was in no way related to this matter. In fact, he had expressed an interest in spending more time on his philanthropy starting several years earlier,” reported Wall Street Journal.

    The spokesperson said the “claim of mistreatment of employees is also false,” and that “the rumours and speculation surrounding Gates’ divorce are becoming increasingly absurd and it’s unfortunate that people who have little to no knowledge of the situation are being characterized as ‘sources’.”

    Earlier this month, Melinda Gates — Bill Gates’ wife and co-founder of their foundation — filed for divorce after 27 years of marriage. In a statement announcing their split, the couple said, “after a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage.”

    (This is an unedited and auto-generated story from Syndicated News feed, Morning Tidings Staff may not have modified or edited the content body)

  • The state reports the highest single-day in two months

    The state reports the highest single-day in two months

    The state reported another COVID-19 death and 210 new infections in the 24 hours ending Friday morning. It was the most single-day rally in the last two months.

    Chittoor and East Godavari districts have seen a huge increase in daily infections with 85 and 41 new infections respectively. The lone death was reported from Krishna district.

    Tally increased to 8,91,388 and toll reached 7,180 While the death rate remains at 0.81%. The number of active cases increased to 1,227 and in Chittoor alone there are 431 of them.

    In the previous days, 140 patients were recovered and the recovery rate remained at 99.06%, while the recovery increased to 8,82,981. During the same period, 44,709 samples were tested and 0.47% of them turned out to be positive. The overall positivity rate of 1.444 crore samples tested so far was 6.17% and the test per million ratio reached 2.70 lakhs.

    Except Chittoor and East Godavari, there have been no more than 20 new infections in other districts. Guntur reported 18 cases, Visakhapatnam 16, Krishna 14 and Anantapur 12. The districts where only one digit new infections were reported include Srikakulam (8), Kurnool (4), Kadapa (3), Prakasam (3), Nellore. (3), West Godavari (2) and Vizianagaram (1).

    The height of the district was as follows: East Godavari (1,24,583), West Godavari (94,374), Chittoor (87,940), Guntur (75,848), Anantapur (67,841), Nellore (62,528), Prakasam (62,232), Kurnool (60,947) , Visakhapatnam (60,198), Kadapa (55,446), Krishna (49,096), Srikakulam (46,287) and Vizianagaram (41,173).

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  • The state reports the highest single-day in two months

    District reports 15 new COVID-19 cases

    According to the bulletin issued on Tuesday, the district reported 15 new COVID-19 cases in the last 24 hours, bringing the tally to 60,654. It may be noted that since March 2, 82 new infections have been reported in the district. The bulletin also stated that the toll is at 539 as there have been no deaths in the last 24 hours. Meanwhile, the number of recovery and active cases is 60,046 and 69 respectively.

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