Uber posts biggest quarterly loss ever after stock payouts
Aug08

Uber posts biggest quarterly loss ever after stock payouts

Uber lost $5.24 billion in the second quarter — its largest quarterly loss ever — after making huge stock-based payouts in the months following its initial public offering. The ride-hailing giant said Wednesday it paid $3.9 billion in stock-based compensation and expenses during the quarter. It also paid $298 million in stock and cash to drivers to show appreciation in connection with its IPO. The loss per share including those...

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FBI, Facebook could clash over privacy vs. monitoring
Aug08

FBI, Facebook could clash over privacy vs. monitoring

The FBI is looking for outside contractors to monitor social media for potential threats, setting up a possible conflict with Facebook and other companies over privacy. Last month, the FBI said it is soliciting proposals for a social media “early alerting tool” in order to identify possible threats while making sure that privacy and civil liberties considerations are taken into account. Such a tool would likely violate the...

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New Orleans council votes to restrict Airbnb-style rentals
Aug08

New Orleans council votes to restrict Airbnb-style rentals

Responding to residents who say short-term rentals such as those arranged by Airbnb are driving up property taxes and steadily denigrating the character of historic neighborhoods, the New Orleans City Council voted Thursday to impose broad new restrictions on such rentals. The 7-0 vote bans the short-term rentals of whole houses not occupied by the owners. It also puts limits on the number of short-term rentals on commercial...

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Russian military says 2 dead, 4 injured by rocket explosion
Aug08

Russian military says 2 dead, 4 injured by rocket explosion

Russia’s Defense Ministry said a rocket engine exploded during a test Thursday, killing two people and injuring four others. Local officials reported a slight increase in radiation levels in a nearby city. The ministry said the explosion occurred at a military shooting range in Nyonoksa in the northwestern Arkhangelsk region, causing a fire. It said six servicemen and civilian engineers were injured, and two of them later died...

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UK plans fast-track visa to attract scientists after Brexit
Aug08

UK plans fast-track visa to attract scientists after Brexit

British Prime Minister Boris Johnson says he plans to introduce a new fast-track visa to attract more of the world’s best scientists to the U.K. Johnson said Thursday he wanted to “ensure our immigration system attracts the very best minds from around the world.” Few details were announced. Johnson said the government would work with the scientific community on the new visa, “with a view to launching it later...

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