(Reuters) — Uber Technologies said on Wednesday it narrowed its quarterly losses from a year earlier, although the ride-hailing company is still a long way from proving it can be profitable as it gears up to go public in 2019. Under the leadership of Dara Khosrowshahi, who became chief executive in September, Uber has juggled investing in new markets while retreating from others where it was losing millions of dollars. It is building up services like food delivery and freight hauling as it seeks new revenue, and possibly a path to profitability, outside its core business. Uber’s net loss narrowed to $891 million in its second quarter ending June 30 from $1.1 billion a year earlier. Its adjusted loss before interest, taxes, depreciation and amortization was $614 million, down from $773 million a year earlier. Net revenue rose more quickly than gross bookings in the second quarter from the prior period as the company dialed back on promotional subsidies of rides. But its … [Read more...] about Uber narrows quarterly losses, still a long way from profit
King knows it’s stuffed you with far too much candy. So it’s going to see how you like burning off those calories as you stop Ragnarok. Today, the game studio launched Legend of Solgard, its first role-playing game (and first midcore mobile offering). Like Candy Crush Saga and King’s other offerings, Solgard is a free-to-play game with in-app transactions on iOS and Android (you can download it now). It’s developer is Snowprint Studios, which former King director of product Alexander Ekvall cofounded in 2015 to make a midcore RPG. And that game is Legend of Solgard. This is King’s first launch since Royal Charm Slots in late 2017. Candy Crush Saga remains in the top 10 in games, according to App Annie, and in its last earning reporting period early this month, parent company Activision Blizzard said the 6-year-old puzzler helped King hit a quarterly revenue record. The studio is doing, err, forgive me, crushing it, but it can always use another hit in … [Read more...] about King launches Legend of Solgard, its first mobile role-playing game for iOS and Android
We have a lot of ground to cover here in the Heartland Tech section. But despite spanning the South, the Midwest, and the Mountain West region, I sometimes feel like I’m covering startups in the same handful of cities. That’s why I was pleased to see a report out this week from Chicago-based VC firm M25 on the Best Startups in the Midwest that doesn’t cover just the usual suspects. Rather, it judges the 54 most populated metro areas in the Midwest based on three categories: the presence of startups and the overall startup environment; access to talent and other resources; and the overall friendliness of the business climate. M25’s managing director Victor Gutwein told me in an email that the report is based off of an internal project his firm conducted a few years ago. “For a VC firm focused on the Midwest region, we quickly found that this means a lot of ground to cover — exciting startups are coming out of dozens of … [Read more...] about Heartland Tech Weekly: Searching for the Midwest’s overlooked startup cities
The GamesBeat Decides podcast is here this week to present other people’s work as their own. On this week’s episode, hosts Mike Minotti and Jeffrey Grubb talk about new developments in the Filip Miucin plagiarism story at IGN, Ninja’s no-girls-allowed rule, and Discord’s new store. Mike and Jeff also gush more about Dead Cells, and they get into the new World of Warcraft expansion. Join us, won’t you? Download the episode here. Subscribe on Apple Podcasts, Google Play Music, Stitcher, or RSS Listen on Cast Watch live on Facebook, Twitch, or YouTube Follow us: GamesBeat on Twitter, GamesBeat Decides on Twitter … [Read more...] about GamesBeat Decides 92: Nintendo should respect Home Alone for the NES
Xbox Live isn’t working for everyone at the moment. Microsoft has confirmed the issue on its Xbox Live status site, and players are complaining about the outage on social media. This is preventing people from signing into Xbox Live, which causes issues loading just about any digital purchase on the platform. If you are unable to sign into Xbox Live, you will have difficulty loading up your downloaded games — although physical discs should still work if you go into offline mode. This outage is also causing issues for people trying to watch streaming video on Netflix, Amazon Prime, Hulu, and more. Microsoft says it is working to address the connectivity errors. “Our engineers and developers are actively continuing to work to resolve the issue causing some members to have problems signing in to Xbox Live,” reads the status page. While Xbox Live is primarily known as the networking service on Xbox One, this is also a problem for anyone using the service to … [Read more...] about Xbox Live is down, so how will teens yell at me now?