Shares of technology companies fell, but not by as much as the broad market, after strong earnings from one "sharing economy" bellwether.
Shares of ride-hailing giant Uber Technologies surged after it posted a doubling in second-quarter revenue, and said high inflation was causing more people to drive for the platform to help offset rising household costs.
Home-sharing Web site Airbnb fell sharply after hours despite the company's report of a stark increase in quarterly booking revenue. Electric-vehicle startup Rivian Automotive warned that planned revisions to the EV tax credit would put it at a disadvantage to more-established competitors.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
08-02-22 1735ET
