Indian ride-hailing giant Ola cuts 180 jobs in profitability push [Yahoo! Finance]
SOFTBANK GRP UNSP/ADR (SFTBY)
NASDAQ:AMEX Investor Relations:
softbank.jp/en/corp/irinfo/presentations
Company Research
Source: Yahoo! Finance
The move from the Indian ride-hailing startup is aimed at "improving profitability," its founder and chairman, Bhavish Aggarwal, told employees in an email on Monday that was seen by TechCrunch. The company is undergoing a "restructuring exercise" to gear up for its "next phase of growth," Aggarwal, pictured above, wrote in the email. The move comes in the wake of Ola ceasing its operations in the U.K., Australia and New Zealand earlier this month. Bakshi, a former executive at FMCG giant Hindustan Unilever, was appointed as Ola's chief executive in January this year. Ola, which competes with Uber in India and counts SoftBank and Tiger Global among its backers, is looking to do an IPO later this year after the planned public debut of Ola Electric, a startup that was spun out of Ola. Both startups were founded by Aggarwal, who has since also founded the AI startup Krutrim, which became a unicorn in January . Ola Electric is seeking to raise more than $650 million in its IPO, acc
Show less
Read more
Impact Snapshot
Event Time:
SFTBY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SFTBY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SFTBY alerts
High impacting SOFTBANK GRP UNSP/ADR news events
Weekly update
A roundup of the hottest topics
SFTBY
News
- UK's autonomous vehicle legislation becomes law, paving the way for first driverless cars by 2026 [Yahoo! Finance]Yahoo! Finance
- UK's autonomous vehicle legislation becomes law, paving the way for first driverless cars by 2026 [TechCrunch]TechCrunch
- SoftBank Group Plans to Offer Latest Jumbo Bond in Yen Market [BNN Bloomberg (Canada)]BNN Bloomberg
- This modder proves everything's better with a GBA SP screen attached [Verge, The]Verge, The
- Arm Holdings' New Planned Artificial Intelligence (AI) Chip Could Jump-Start Revenue Growth. Is Now the Time to Jump in and Buy the Stock? [Yahoo! Finance]Yahoo! Finance