Tech is on the rise as Uber sees profits – Tech Roundup


Shares of tech companies edged up.

Uber shares rose nearly 12% after saying they could reach some profitability in the current quarter, months earlier than expected. It would be the carpool giant’s first adjusted profit since its inception over a decade ago.

Shares of rival Lyft were also higher on the news.

Google announced the purchase of an office building in Manhattan for $ 2.1 billion, one of the clearest signals to date of the growing appetite of big tech companies for offices, even as these companies are embracing remote work. The deal for the new building on Manhattan’s West Side is the most expensive sale of a single office building in the United States since the start of the pandemic – and one of the most expensive in state history United, according to data firm Real Capital Analytics.

Apple is working on technology to help diagnose depression and cognitive decline, targeting tools that could expand the reach of its burgeoning health portfolio, according to people familiar with the matter and documents reviewed by the Wall Street Journal .

 Write to Amy Pessetto at [email protected] 

(END) Dow Jones Newswires

September 21, 2021 at 5:27 p.m. ET (9:27 p.m. GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.


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