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Business

Slack's updated financials and investor day pitch: Replacing email

Stewart Butterfield, co-founder and chief executive of Slack Technologies Inc., speaks during an event in San Francisco, California David Paul Morris | Bloomberg | Getty Images Business messaging service Slack briefed investors on Monday, as the company expects to go public with a direct listing on the New York Stock Exchange later this year Slack provided updated information in an …

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The stock rises after revenue, outlook smash expectations

Roku Inc. Shares were up 8% in after-hours trading Wednesday after the streaming media company posted a sizable first-quarter revenue beat and forecast second-quarter revenue above expectations The company's results were powered by another big quarter for its business platform , which grew 79% to $ 134 million and accounted for nearly two-thirds of Roku's                                                                                                            …

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Tencent excludes PUBG Mobile in China for a patriotic alternative

Technological giant Tencent released the extremely popular mobile version of Battlegrounds in China after failing to secure a license from the government to monetize the game. Instead, the company migrates users to a similar title, Heping Jingying or Elite Force for Peace, reports Reuters and Times . Heping Jingying has already been approved for monetization by the Chinese Communist Party, …

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Lyft lost more than $ 1 billion last quarter

With these costs excluded, Lyft's net loss for the quarter was $ 211.5 million, a staggering amount by some standards, but roughly on par with the $ 234 million he lost in the same period a year earlier. While it has largely kept its losses in line with the previous year, Lyft managed to almost double revenues. Lyft ( LYFT …

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