NEW YORK (AP) — Uber lost $5.24 billion in the second quarter — its largest quarterly loss ever — after making huge stock-based payouts in the months following its initial public offering. The ride-hailing giant said Wednesday it paid $3.9 billion in stock-based compensation and expenses during the quarter. ItRead More →

Aug 6 (Reuters) – U.S. luxury department store chain Barneys New York Inc filed for Chapter 11 bankruptcy on Tuesday and put itself up for sale after facing soaring rents and failing in its earlier attempts to find a buyer for the cash-strapped retailer. Barneys secured $75 million in newRead More →

DoorDash, an on-demand delivery app, said it is changing a policy that effectively distributed customers’ tips to the company rather than to delivery drivers. “Going forward, we’re changing our model – the new model will ensure that Dashers’ earnings will increase by the exact amount a customer tips on everyRead More →