Payments company Block (SQ) announced second quarter results Thursday that showed bitcoin revenue from its Cash App product fell 34% to $1.79 billion, with the company taking a $36 million charge on its bitcoin investments. Gross profit in the quarter totaled $1.47 billion against Wall Street expectations for $1.46 billion, while adjusted earnings per share of $0.18 … Read more
To encourage use of public transport, Delhi Chief Minister Arvind Kejriwal announced the government’s new plan to roll out a “quality bus service”. The CM made the announcement on Wednesday and stated that the government wants to provide a good, premium quality bus service so that people can leave their private vehicles and use public … Read more
d3sign | Moment | Getty Images Would-be travelers looking to fly this fall may want to book their plane trips now, with travel app Hopper reporting that airfares are dropping this month from peak summertime prices. “September and early October will be the cheapest times to travel, while August and early September will be the … Read more
CORPUS CHRISTI, Texas — Wayne Pierce shut his tow truck’s door and turned on the air conditioner on full blast on Tuesday. It was a hot day out, Pierce said it came with a lot of sweating and trying to stay cool. Pierce is a wrecking operator for ‘Apollo Towing Service’, and on a hot day, he … Read more
If the ferocious heat gripping much of the U.S. has you dreaming of a cool swim, but you don’t have a pool, let technology be your guide. An app lets you peruse private pools in your area and rent them for a fee. The Swimply app, launched in 2019, matches more than half a million people looking … Read more
Love for the modern age. Celebrities are just like Us, they turn to dating apps to find romance and start relationships. Stars including Eric Stonestreet and Chelsea Handler have been open about their use of dating apps, such as Tinder and Bumble, but even more famous folks have opted to use Raya. Raya launched in 2015 and prides itself on … Read more
What’s happening: The company posted a quarterly net loss of $422 million, compared to a $152 million loss in the same quarter last year. As recession concerns grow, Snap (SNAP) is finding it hard to convince digital advertisers to come onboard. “They are taking this time, given all of those other macro pressures, to reevaluate … Read more
The latest British case against Google is not expected to come to trial before 2024 The latest British case against Google is not expected to come to trial before 2024 Google faces a London trial over an estimated 920-milion-pound ($1.1 billion) damages claim after a court authorised a lawsuit that alleges the Alphabet-owned tech giant … Read more
Corporate mobility specialist The Miles Consultancy plans to launch by year-end an app that will offer corporate travel managers an aggregated ground transportation solution, the company recently announced. Dubbed Mobility iQ, the app will assess transportation options including rental cars, taxis, ride-hailing services and rail to provide recommended modes and routes that can be configured … Read more
Aave (AAVE), an open source decentralized finance (DeFi) protocol, is teaming up with decentralized Web3 infrastructure provider Pocket Network to offer developers increased scalability and ease of use when building decentralized applications (DApps) on the Aave Protocol. According to the statement on Tuesday, Aave will use Pocket’s distributed network of more than 44,000 nodes to access … Read more