March 19, 2019

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Uber plans to kick off IPO in April – sources

(Reuters) – Ride-hailing company Uber Technologies Inc is planning to kick off its initial public offering in April, putting it close on the heels of smaller rival Lyft Inc, people familiar with the matter said on Thursday. Next month, Uber will issue its required public disclosure, known as an S-1, and launch its investor roadshow, […]
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Netflix chief marketing officer to leave

(Reuters) – Netflix Inc said on Thursday Chief Marketing Officer Kelly Bennett will step down after seven years in the role, during which the online video-streaming giant’s paid subscribers jumped five-fold to 139 million. Bennett, who joined in 2012 after spending nearly a decade with Warner Brothers, was responsible for launching Netflix’s popular
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Facebook takes down fake accounts in UK, Romania

(Reuters) – Facebook Inc said on Thursday it had removed 137 fake pages, groups and Instagram accounts in the United Kingdom and a further 31 in Romania for engaging in hate speech and making divisive comments. The individuals behind these accounts represented themselves as far-right and anti-far-right activists in the UK, Nathaniel Gleicher, head of […]
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Uber in advanced talks to buy Middle East rival Careem

(Reuters) – Uber Technologies Inc is in advanced discussions to buy its Dubai-based rival Careem Networks FZ, Bloomberg reported on Thursday, citing people familiar with the matter. The companies may announce a cash-and-stock transaction that values Careem at about $3 billion in the coming weeks, the report said. Uber did not immediately respond to Reuters […]