Shares in technology companies fell, but not as much as the broader market, after strong gains from a “shared economy.”
Shares in ride-hailing giant Uber Technologies rose after it posted a doubling in second-quarter revenue and said high inflation was driving more people to ride the platform to help offset rising household costs.
Home-sharing website Airbnb fell sharply after hours, despite the company’s report of a sharp increase in quarterly bookings 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
