Oxford Economics: the AI boom is lifting global trade, with ~60% of US data center capex spent on imported IT gear, mainly from Taiwan, South Korea, and Vietnam
Akash Sriram / Reuters :
Lyft plans to open a new tech hub in Toronto in H2 2026 and acquires TBR Global Chauffeuring, a Glasgow-based luxury chauffeur services company, for £83M
Its Biggest Move Outside the U.S. Matthew Broersma / Silicon UK : Lyft To Open Toronto Tech Hub In International Growth Push LinkedIn: Rachel Goldstein : 🚀 Here we grow again—and we're doing it in Tor...
Lyft reports Q2 revenue up 11% YoY to $1.59B, vs. $1.61B est., gross bookings up 12% YoY to $4.5B, and rides up 14% YoY to 234.8M, vs. 235.9M est.
Akash Sriram / Reuters :
BlackRock, Microsoft, and Abu Dhabi's MGX say Nvidia and xAI joined a consortium to build AI infrastructure in the US; investors committed $100B for deployment
Akash Sriram / Reuters :
Filing: CRM software maker Freshworks acquires Connecticut-based Device42, which helps companies manage their IT infrastructure and had raised $38.5M, for $230M
Item 1.01 Entry into a Material Definitive Agreement. Dom Nicastro / CMSWire.com : Major Shift at Freshworks: New CEO and $230M Tech Acquisition The Hindu BusinessLine : Freshworks acquires Device42 f...
Microsoft says Russian state-sponsored hackers Midnight Blizzard accessed some of its “source code repositories and internal systems” following the January hack
and the Attack Isn't Over Pranav Dixit / Business Today : Microsoft discloses source code theft by Russian hackers Michael Kan / PCMag : Microsoft: Russian Hackers Accessed Company Source Code Jak Con...
Oracle reports Q1 revenue up 9% YoY to $12.45B, cloud services and license support revenue up 13% YoY to $9.55B, and net income up 56% YoY; ORCL drops 10%+
Akash Sriram / Reuters :
Match Group reports Q2 revenue up 4% YoY to $830M, vs. $811M est., paying users down 5% YoY to 15.6M, and forecasts Q3 revenue above estimates
Earnings Preview Claudia Assis / MarketWatch : Match Group stock rallies 14% after company swings to profit, revenue rises 4% Jesse Levine / Bloomberg : Match Surges After Revenue Beats Estimates on T...
Crosspoint Capital Partners plans to acquire Canadian cybersecurity company Absolute Software for $657M, or a 34% premium to the US-listed stock's last close
Akash Sriram / Reuters :
Lyft reports Q1 revenue up 14% YoY to $1B, net loss down 5% YoY to $187.6M, and active riders up 9.8% YoY to 19.5M; LYFT drops 20%+ on a dismal Q2 guidance
Akash Sriram / Reuters :