Uber shares plunge after SoftBank is said to undertake a stake sale

SoftBank's motive to offload 45 million shares of Uber Technologies Inc. is said to be unrelated to the performance of Didi Global and Alibaba. The Japanese company just thought it was a good time to cash out.

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Dell Stops Some US Gaming PC Shipments Over New Energy Efficiency Rules

Dell said it has stopped shipping some versions of its powerful gaming systems to California and five other US states because the products do not meet new energy efficiency standards.

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Flipkart Big Saving Days 2021 Sale Ends Tonight: Best Offers on Mobile Phones, Laptops, TVs, Electronics

Flipkart Big Saving Days 2021 sale will end at midnight. We have handpicked the best tech deals and offers available on the last day of Flipkart's Big Saving Days sale that are worth checking out.

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Facebook Rides Advertising Surge to Post Over $10-Billion Profit as CEO Mark Zuckerberg Exalts the 'Metaverse'

Facebook reported that its second-quarter profits doubled thanks to a massive increase in advertising revenue. However, concerns about a revenue growth slowdown pushed its shares lower in after-hours trading Wednesday.

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Samsung Rides COVID-19 Pandemic-Led Demand for Chips to Report Over 70 Percent Surge in Profits

Samsung Electronics' net profits surged more than 70 percent in the second quarter thanks to higher memory chip prices fuelled by pandemic-led demand, the South Korean tech giant reported.

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Cognizant to hire 100,000 people from rivals to offset attrition pains

Cognizant, which has over two thirds of its employees in India, reported an attrition rate of 31% in the second quarter—the highest among peers.

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Twitter Closes Re-Opened US Offices, Big Tech Firms Make COVID-19 Vaccination Mandatory as Delta Cases Surge

Twitter is shutting its reopened offices in the US, while other big tech companies are making vaccination mandatory for on-campus employees, as the highly infectious Delta COVID-19 variant drives a resurgence in cases.

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