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A new theory has emerged, raising questions about whether ride-hailing apps charge iPhone users more than Android users for the same rides. Recent tests conducted by The Times of India (TOI) have sparked speculation, with findings showing consistently higher prices for iOS users in Chennai. The tests compared cab fares for identical routes checked simultaneously on iPhone and Android devices. Although the price differences were most noticeable for shorter, single rides, the results are not definitive proof of discrimination. Factors like varying demand and fluctuating algorithms make it difficult to draw firm conclusions. Nonetheless, the findings have reignited concerns about the opaque pricing strategies used by ride-hailing platforms. In response, Uber has denied any practice of personalizing fares based on the type of phone a user owns. They attributed the discrepancies to dynamic pricing, which is influenced by factors such as real-time demand, estimated travel time, and distance. However, Ola, another popular ride-hailing service, did not respond to TOI’s inquiries. Experts, however, have raised doubts about these explanations. C. Ambigapathy, managing director of Chennai-based ride-hailing platform Fastrack, suggested that it is technically possible for companies to adjust fares based on the user’s hardware. He believes ride-hailing companies could easily manipulate fares while citing dynamic pricing algorithms as a cover. P. Ravikumar, a former senior director at the Centre for Development of Advanced Computing, explained that advanced machine learning technologies such as Google Cloud AI and Azure ML enable ride-hailing platforms to incorporate a range of variables—including device type and usage patterns—into their pricing models. He suggested that if consistent factors like estimated travel time and distance were accounted for, users should not face discrepancies based on their device. One expert involved in framing India’s aggregator policy noted that surge pricing is not only tied to the type of device a user owns. Instead, platforms adjust fares based on a user’s behavior and patterns, with frequent users or those who check fares multiple times often facing higher prices. Despite these claims, the allegations have yet to be independently verified. However, experts are calling for greater transparency from ride-hailing platforms to ensure fair pricing practices for all users, regardless of the device they use. Also Read: Indigo Launches Holiday Packages, Direct Flight From Kolkata To Phuket
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Vow ASA: Resolution to increase the share capital in connection with settlement of underwriting commissionNEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Value Line, Inc., (NASDAQ: VALU) reported financial results for the second fiscal quarter ended October 31, 2024. During the six months ended October 31, 2024, the Company’s net income of $11,572,000, or $1.23 per share, was 38.6% above net income of $8,347,000, or $0.89 per share, for the six months ended October 31, 2023. The Company’s revenues of $8,871,000 from its non-voting revenues interest in EAM and non-voting profits interest in EAM increased $3,019,000 or 51.6% above the prior fiscal year. During the six months ended October 31, 2024, the Company’s total investment gains of $2,895,000 compared to a loss of $324,000 in the prior fiscal year. During the three months ended October 31, 2024, the Company’s net income of $5,685,000, or $0.60 per share, was 63.0% above net income of $3,488,000, or $0.37 per share, for the three months ended October 31, 2023. The Company’s revenues of $4,630,000 from its non-voting revenues interest in EAM and non-voting profits interest in EAM increased $1,635,000 or 54.6% above the prior fiscal year. During the three months ended October 31, 2024, the Company’s total investment gains of $1,186,000 compared to a loss of $1,079,000 in the prior fiscal year. Retained earnings at October 31, 2024, were $110,170,000, an increase of 5.7% compared to retained earnings at April 30, 2024. Shareholders’ equity reached $96,715,000 at October 31, 2024, an increase of 6.5% from the shareholders’ equity of $90,793,000 as of April 30, 2024. The Company’s quarterly report on Form 10-Q has been filed with the SEC and is available on the Company’s website at www.valueline.com/About/corporate_filings.aspx. Shareholders may receive a printed copy, free of charge upon request to the Company at the address above, Attn: Corporate Secretary. Value Line, Inc. is a leading New York based provider of investment research. The Value Line Investment Survey is one of the most widely used sources of independent equity investment research. Value Line also publishes a range of proprietary investment research in both print and digital formats including research in the areas of Mutual Funds, ETFs and Options. Value Line’s acclaimed research also enables the Company to provide specialized products such as Value Line Select, The Value Line Special Situations Service, Value Line Select ETFs, Value Line Select: Dividend Income & Growth, The New Value Line ETFs Service, The Value Line M&A Service, Information You Should Know Wealth Newsletter , The Value Line Climate Change Investing Service and certain Value Line copyrights, distributed under agreements including certain proprietary ranking system information and other proprietary information used in third party products. Value Line’s products are available to individual investors by mail, at www.valueline.com or by calling 1-800-VALUELINE or 1-800-825-8354, while institutional-level services for professional investors, advisers, corporate, academic, and municipal libraries are offered at www.ValueLinePro.com , www.ValueLineLibrary.com and by calling 1-800-531-1425. Cautionary Statement Regarding Forward-Looking Information In this report, “Value Line,” “we,” “us,” “our” refers to Value Line, Inc. and “the Company” refers to Value Line and its subsidiaries unless the context otherwise requires. This report contains statements that are predictive in nature, depend upon or refer to future events or conditions (including certain projections and business trends) accompanied by such phrases as “believe”, “estimate”, “expect”, “anticipate”, “will”, “intend” and other similar or negative expressions, that are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995, as amended. Actual results for Value Line, Inc. (“Value Line” or “the Company”) may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the following: maintaining revenue from subscriptions for the Company’s digital and print published products; changes in investment trends and economic conditions, including global financial issues; changes in Federal Reserve policies affecting interest rates and liquidity along with resulting effects on equity markets; stability of the banking system, including the success of U.S. government policies and actions in regard to banks with liquidity or capital issues, along with the associated impact on equity markets; continuation of orderly markets for equities and corporate and governmental debt securities; problems protecting intellectual property rights in Company methods and trademarks; protecting confidential information including customer confidential or personal information that we may possess; dependence on non-voting revenues and non-voting profits interests in EULAV Asset Management, a Delaware statutory trust (“EAM” or “EAM Trust”), which serves as the investment advisor to the Value Line Funds and engages in related distribution, marketing and administrative services; fluctuations in EAM’s and third party copyright assets under management due to broadly based changes in the values of equity and debt securities, market sector variations, redemptions by investors and other factors; possible changes in the valuation of EAM’s intangible assets from time to time; possible changes in future revenues or collection of receivables from significant customers; dependence on key executive and specialist personnel; risks associated with the outsourcing of certain functions, technical facilities, and operations, including in some instances outside the U.S.; competition in the fields of publishing, copyright and investment management, along with associated effects on the level and structure of prices and fees, and the mix of services delivered; the impact of government regulation on the Company’s and EAM’s businesses; federal and/or state legislative changes that might affect Value Line’s business; the availability of free or low cost investment information through discount brokers or generally over the internet; the economic and other impacts of global political and military conflicts; continued availability of generally dependable energy supplies and transportation facilities in the geographic areas in which the company and certain suppliers operate; terrorist attacks, cyber attacks and natural disasters; the need for changes in our business plans because of unexpected events that occur; widespread illnesses which may drastically affect markets, employment, and other economic conditions, and may have additional unpredictable impacts on employees, suppliers, customers, and operations; changes in prices and availability of materials and other inputs and services, such as freight and postage, required by the Company; other risks and uncertainties, including but not limited to the risks described in Part I, Item 1A, “Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended April 30, 2024 and in Part II, Item 1A of the Quarterly Report on Form 10-Q for the period ended October 31, 2024; and other risks and uncertainties arising from time to time. These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of our forward-looking statements. Other unknown or unpredictable factors which may involve external factors over which we may have no control could also have material adverse effects on future results. Likewise, changes we make in our plans, objectives, strategies, or intentions, which may occur at any time in our discretion, could also have material favorable or adverse effects on our future results. Except as otherwise required to be disclosed in periodic reports required to be filed by public companies with the SEC pursuant to the SEC's rules, we have no duty to update these statements, and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks and uncertainties, current plans, anticipated actions, and future financial conditions and results may differ from those expressed in any forward-looking information contained herein. www.val u eline.com www.ValueLinePro.com , www.ValueLineLibrary. c om Facebook | LinkedIn | Twitter Complimentary Value Line® Reports on Dow 30 Stocks
Prices Of Ola , Uber Differ In iPhone Than Android : SurveyFREIBURG, Germany (AP) — Freiburg survived a late comeback to beat Wolfsburg 3-2 and move into fifth place in the Bundesliga on Friday. The sides started the day equal on points and Wolfsburg had won its last five games in the league and cup. But Lukas Kübler scored an opportunist opener three minutes before the break and added a second with his head six minutes into the second half to put Freiburg in the driving seat. Michael Gregoritsch added the third in the 62nd. Jonas Wind came off the bench to score his third goal in two games and Mattias Svanberg cut the deficit seven minutes from time as Wolfsburg desperately looked for a way into the game. But it was too late, and Freiburg moved above Wolfsburg to fifth place on the table and equal on points with Leipzig, which has a game in hand. The match was an important one for two teams vying for a Champions League place next year. Although Bayern Munich have a six-point advantage over second-placed Eintracht Frankfurt, only eight points separate the next nine clubs. AP soccer: https://apnews.com/hub/soccer
DDG Calls Out Gossip Blogs As Recent Comments About Halle Bailey Were Chopped Out Of Context
SAN DIEGO, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a class action was filed on behalf of all persons and entities who purchased or otherwise acquired Marqeta, Inc. MQ securities between August 7, 2024 and November 4, 2024. Marqeta creates digital payment technology for innovation leaders. For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that Marqeta, Inc. (MQ) Failed to Disclose the Impact of Regulatory Scrutiny on its Business Prospects According to the complaint, during the class period, defendants failed to disclose that Marqeta understated the regulatory challenges affecting its business outlook and therefore, would have to cut its guidance for the fourth quarter of 2024. The complaint alleges that on November 4, 2024, Marqeta announced third quarter 2024 financial results and revised its fourth quarter projections to "reflect[] several changes that became apparent over the last few months with regards to the heightened scrutiny of the banking environment and specific customer program changes." The complaint further alleges that Marqeta's CEO and CFO actually knew of the heightened regulatory scrutiny affecting the Company's business from the beginning of the year, which they revealed in connection with the November 4 announcement. On this news, Marqeta's stock price fell $2.53 per share, or 42.5%, to close at $3.42 per share on November 5, 2024. What Now : You may be eligible to participate in the class action against Marqeta, Inc. Shareholders who want to serve as lead plaintiff for the class must submit their application to the court by February 7, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here . All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Robbins LLP : A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. To be notified if a class action against Marqeta, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome. Contact: Aaron Dumas, Jr. Robbins LLP 5060 Shoreham Pl., Ste. 300 San Diego, CA 92122 adumas@robbinsllp.com (800) 350-6003 www.robbinsllp.com https://www.facebook.com/RobbinsLLP/ https://www.linkedin.com/company/robbins-llp/ A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/53e69218-456a-4e86-81b7-b14619b1f825 © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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