A blog posted today by CEO Anjali Sud informed Vimeo staff that another 11% of the workforce will be laid off. Vimeo focuses on the delivery of high-definition video across a range of devices. Vimeo’s business model software as a service. The cuts comes a half-year after Vimeo axed 6% of its workforce in July … Read more
Article content Shoppers Spending More Despite Higher Prices and Economic Anxiety SAN JOSE, Calif. — Inflation and fear of recession were no match for Black Friday tradition as online shoppers spent enthusiastically into the early afternoon with no sign of letting up. With 43 percent of projected spending completed on Friday, ecommerce sales were 8 … Read more
Ride-hailing provider Lyft reported $1.05 billion in third-quarter revenue, an all-time high, but its net loss widened. Still, managed bookings through the Lyft Business platform more than doubled year over year, according to the company. Lyft’s third-quarter revenue increased 22 percent year over year, and 6 percent quarter over quarter, according to the company. Despite … Read more
Ride-hailing company Lyft plans to terminate about 683 employees, representing 13 percent of its workforce, according to a Thursday U.S. Securities and Exchange Commission filing. In connection with the layoffs, the company estimates that it will incur between $22 million to $32 million of restructuring and related charges related to employee severance and benefit costs, … Read more
Lufthansa Group during the third quarter continued to see business travel bookings increase, with revenue for this segment at about 70 percent of pre-pandemic levels, the company reported Thursday. Volume is expected to “continue normalizing at the current rapid pace,” Lufthansa CEO Carsten Spohr said during an earnings call. Lufthansa Group carriers include Lufthansa, Austrian, … Read more
Average U.S. airfares had been declining on a month-over-month basis since June, but that trend reversed in September, with the average price increasing 0.8 percent compared with August 2022, according to the latest U.S. Consumer Price Index, released Thursday. Through the spring months of March, April and May, fares had increased month to month by … Read more
View gallery Image Credit: Broadimage/Shutterstock/MEGA Kanye West, 45, opened up about the co-parenting situation between himself and his estranged wife Kim Kardashian, 41, in a new interview. Ye appeared on the Sept. 15 episode of the Alo MIND FULL podcast, where he revealed that the reality star raises their children North, 9, Saint, 6, Chicago, 4, … Read more
Maybe it was Lizzo’s speech, or the lure of Nicki Minaj. Either way, the 2022 MTV Video Music Awards saw decent gains from last year’s telecast. MTV reports the three-hour-plus awards show was up in viewers, key demos and total minutes consumed (TMC) – +14% from last year with 1.59 billion vs. 1.4 billion, according … Read more
More people were definitely keen on learning about the House Targaryen: the second episode of HBO’s House of the Dragon was up 2 percent from premiere night on Aug. 21, which amounts to 10.2 million viewers domestically across HBO Max and linear telecasts, based on a combination of Nielsen and first party data. The series premiere … Read more
The number of consumer air travel complaints in June increased nearly 35 percent month over month to more than 5,860 and were nearly 270 percent above pre-pandemic levels, the U.S. Department of Transportation announced Friday. The month-over-month increase should not necessarily come as a surprise as domestic airlines experienced widely reported disruptions in service beginning … Read more