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Uber Buying Postmates for $2.65 Billion to Expand Food Delivery

Jul.06 — Uber Technologies Inc. agreed to buy Postmates Inc. for $2.65 billion to expand in food delivery after the coronavirus pandemic cratered demand for ride-hailing, its main business, and an earlier attempt to acquire Grubhub foundered. Scott Kessler of Third Bridge appears on “Bloomberg Technology.”

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Jul.06 — Uber Technologies Inc. agreed to buy Postmates Inc. for $2.65 billion to expand in food delivery after the coronavirus pandemic cratered demand for ride-hailing, its main business, and an earlier attempt to acquire Grubhub foundered. Scott Kessler of Third Bridge appears on “Bloomberg Technology.”

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Bloomberg Technology

Amazon’s earnings in under a minute

Amazon.com Inc.’s cloud unit posted the strongest sales growth in a year, a sign that the retailer’s most profitable unit is recovering from a slump as businesses resume spending on technology projects, including artificial intelligence services.  Ed Ludlow breaks down the #amazon #earnings #technology

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Amazon.com Inc.’s cloud unit posted the strongest sales growth in a year, a sign that the retailer’s most profitable unit is recovering from a slump as businesses resume spending on technology projects, including artificial intelligence services. 

Ed Ludlow breaks down the #amazon #earnings
#technology

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Bloomberg Technology

Why did #elonmusk really go to #China #technology #shorts #podcast

#tesla shares soared following news of China’s tentative approval of the company’s driver-assistance system. On this episode of the Elon, Inc. podcast, we discuss what Musk’s surprise trip to Beijing could mean for Tesla and the world’s biggest auto market Read more:

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#tesla shares soared following news of China’s tentative approval of the company’s driver-assistance system.
On this episode of the Elon, Inc. podcast, we discuss what Musk’s surprise trip to Beijing could mean for Tesla and the world’s biggest auto market
Read more:

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Bloomberg Technology

Qualcomm CEO Amon on Smartphone Demand, China and AI

Qualcomm shares soared as much as 10% after the world’s biggest seller of smartphone processors gave an upbeat forecast, suggesting that demand for handsets is increasing after a two-year slump. Qualcomm CEO Cristiano Amon joins Caroline Hyde and Ed Ludlow on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch…

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Qualcomm shares soared as much as 10% after the world’s biggest seller of smartphone processors gave an upbeat forecast, suggesting that demand for handsets is increasing after a two-year slump. Qualcomm CEO Cristiano Amon joins Caroline Hyde and Ed Ludlow on “Bloomberg Technology.”
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