Uber Sets £4.3 Billion on Fire In Biggest Loss Ever

Well, well, well! If it isn’t our beleaguered rideshare giant Uber reporting yet another quarter of continued losses after its disastrous IPO earlier this year. In its earnings report released Thursday, the company said it burned through more than £4 billion – its largest losses to date. Read More >>

Turns Out Destroying Society Is Immensely Profitable

In a somewhat unbelievable feat considering Facebook’s absolute shitshow of a year in 2018, the social media company – freshly off of a new scandal involving a teen-targeting “research” app – reported record profit in its Wednesday earnings call. Read More >>

Actually, Mark Zuckerberg Is GLAD You’re Using Facebook Less

Facebook, a “disruptor” in the classic sense, has always been about rewriting the rules. Today it decided that earnings reports—usually a time to show of healthy metrics to stockholders and investors—is actually a really good time to admit you made your own product worse. Read More >>

Apple: We Would Never!

Following news that the US Department of Justice has allegedly opened an investigation into Apple’s practice of throttling iPhones with ageing batteries, the company is speaking out. Read More >>

Just How Screwed is Snapchat?

Snap is fucked. Following an earnings call on Tuesday, a fifth of the company’s value disappeared in after-hours trading, Mark Zuckerberg is eating its lunch, Snap Spectacles are in the toilet. Yes, things are bad. But are they Vine-levels of bad? Or Twitter-bad? Trick question, Twitter’s very fucked! Read More >>

Snapchat Debuts New Disappearing Stock Price

Snap Inc., the parent company formerly known as Snapchat, just released its first earnings report since its IPO, and the results aren’t pretty. Snap missed analyst revenue estimates by $10 million, bringing in $149.6 million in revenue. And although Snapchat had a 36 per cent jump in daily active users on a year over year basis, it added just eight million new users (five per cent), from last quarter. Read More >>

The Competition May Be Catching Up With Netflix

Netflix issued its first quarter user gains report to investors today and the fact that it fell short of user growth estimates caused a brief drop in the streaming giant’s stock price. It blamed the lackluster growth on one thing: no House of Cards-style blockbusters. But in reality, Netflix is probably waking up to the crowded streaming landscape. Read More >>

Netflix Claims Customers Freaked Out Over Price Hike

After a decade of explosive expansion, Netflix is experiencing some growing pains. Though Americans are watching more online video than ever, Netflix is facing steeper competition (from rivals like Google, Amazon, Apple, and HBO) in addition to an uncertain future in international markets. Read More >>

Apple Increased Mac Sales for the First Time Since 2012

For the first time in two years, Apple has seen an increase in sales of its Mac computers. Not just an increase; a nearly 20 per cent jump over a year ago. That's...kind of nuts? Read More >>

UK’s Minimum Wage May Pop to £7 an Hour as Country Plods into Recovery Mode

Chancellor George "Cockney" Osborne has come out in favour of a shock, inflation-busting rise in the minimum wage, suggesting that those on the adult minimum pay structure might be earning a basic £7 an hour by the year 2015. Read More >>

Money DOES Buy Happiness, But Too Much Triggers Status Anxiety and the Sadness Just Returns

The University of Warwick has been tracking the happiness index of people in countries with rising wealth levels, suggesting that more money actually leads to fewer problems -- but once earnings rise above a certain level the greed urge kicks in and you start getting stressed that nothing's good enough. Read More >>

It’s National Party Time Again as UK Minimum Wage Rockets by 12p an Hour

If you are lucky/unlucky enough to have a job that pays the UK's minimum wage you can afford to treat yourself to a sandwich from the luxury ranges today, thanks to the hourly minimum pay rate rocketing by 12p to sit at £6.31 per hour. Read More >>

Four of the Five Highest-Paid Execs in the US Work for Apple

If you already feel a little hard done by when it comes to your paycheque, brace yourself. Bloomberg reports that four of the five best-paid executives across the whole of the US are employed by Apple — and just wait until you hear how much they earn. Read More >>

More People Are Using Facebook via Phone For the First Time Ever

It's time for another quarterly earnings, that kooky game wherein companies announce how much cash they've raked in, and then investors spank or hail them without much correlation to reality. Now up: Facebook, which has just entered crazy new territory. Read More >>

Revenue Up, Profits Down, Windows Still Plugging Away as Usual for Microsoft

Microsoft announced its latest set of financial numbers last night, with Windows 8 helping the company's Windows division to record a 24 per cent increase in profits. Read More >>