Pink confetti fell from the ceiling Friday as Lyft co-founders Logan Green and John Zimmer celebrated their company’s IPO. The stock offering was a bonafide success, with shares selling for $87.24 apiece Friday morning — 21 percent higher than Lyft’s initial $72 share price — and closing at $78.29 per share. Lyft raised roughly $2.3
Month: March 2019
Lyft completed its long-awaited IPO this week, trading 21 percent higher Friday than its initial offering price of $72 per share. It closed its first day of trading at about $78 per share, up roughly 9 percent. I spoke to IPO guru Brian Hamilton, the CEO of banking software company Sageworks, about Lyft’s offering to
Amid calls for a dozen different global cities to replace Silicon Valley — Austin, Beijing, London, New York — nobody has yet nominated “nowhere.” But it’s now a possibility. There are two trends to unpack here. The first is startups that are fully, or almost fully, remote, with employees distributed around the world. There’s a
It’s been a busy day for Facebook exec op-eds. Earlier this morning, Sheryl Sandberg broke the site’s silence around the Christchurch massacre, and now Mark Zuckerberg is calling on governments and other bodies to increase regulation around the sorts of data Facebook traffics in. He’s hoping to get out in front of heavy-handed regulation and
After years of fierce competition as private companies, Uber and Lyft are going public on U.S. markets. Scooter service providers, the transportation trend du jour, raised hundreds of millions of dollars to scatter scooters on city sidewalks (to the chagrin of residents and regulators alike) throughout 2017 and 2018. On the other side of the Pacific, Grab and Go-Jek are raising gobs
It’s not uncommon to hear CEOs and business leaders talk about focusing on the consumer. But the only way to build for the consumer is to hear what they want, which can be a resource-intensive thing to retrieve. User Interviews, an ERA-backed company out of New York, is looking to lighten that load with a
An interesting decision came out of Poland’s data protection agency this week after the watchdog issued its first fine under Europe’s General Data Protection Regulation (GDPR). On the surface the enforcement doesn’t look so remarkable: A ‘small’ ~€220K fine was handed to a Sweden-headquartered European digital marketing company, Bisnode, which has an office in Poland,
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Sure, we just aired a new episode yesterday but things keep happening, and after talking about this crop of IPOs for so long, we can’t help ourselves. (You can follow us on Twitter, here and here, by the
As I walked the long halls of Adobe Summit this week in Las Vegas and listened to the company’s marketing and data integration story, I thought about the obvious disconnect that happens between brands and their customers. With tons of data, a growing set of tools to bring it together and a desire to build
Restaurant sales hit $825 billion last year in the US, but with margins averaging at only three to five percent per business, they’re always looking for an edge on efficiency and just generally running things in a smarter way. Now, a startup called Toast, which has built a popular platform for restaurant management, has closed
As promised back in January by Twitter CEO Jack Dorsey, the company today is rolling out an even darker version of the app’s existing dark mode. Before, Twitter’s dark theme was more of a blue-ish shade instead of a true black, which not everyone seemed to like. Now, there’s an optional setting that makes the
One of the great things about enterprise chat applications beyond giving employees a common channel to communicate, is the ability to integrate with other enterprise applications. Today, Workplace, Facebook’s enterprise collaboration and communication application, and ServiceNow announced a new chatbot to make it easier for employees to navigate a company’s help desks inside Workplace Chat.
“Works with AirPower mat”. Apparently not. Looks like Apple doesn’t treat customers with the same “high standard” of care it apparently reserves for its hardware quality. 9 days after launching its $199 wireless charging AirPods headphones touting compatibility with the forthcoming Apple AirPower inductive charger mat, Apple has just scrapped AirPower entirely. It’s an uncharacteristically
It’s Qualcomm 1, Apple 1 in the latest instalment of the pair’s bitter patent bust-up — the litigious IP infringement claim saga that also combines a billion dollar royalties suit filed by Cupertino alleging that the mobile chipmaker’s licensing terms are unfair. The iPhone maker filed against Qualcomm on the latter front two years ago
Nativo has acquired SimpleReach, a move that Nativo CEO Justin Choi said will pair his company’s distribution system for native ads with SimpleReach’s measurement tools. “If you can’t measure the impact of something, it’s difficult to scale spend in that area,” Choi told me. “When we say measurement we’re actually talking about connecting content to
Fresh from picking up a majority stake in Europe-based The Next Web, the Financial Times is buying another tech blog. The newspaper, which was founded in 1888, is adding Singapore-based Deal Street Asia to its roster with a deal expected to close in April, according to three sources with knowledge of discussions. Founded in 2014
Rob Blackie Contributor Rob Blackie is a Digital Strategist based in London, England, who has contributed to The Guardian and The Independent newspapers. Mike Butcher Contributor More posts by this contributor Brandwatch turns its war chest on acquiring market research startup Qriously Meet the European startups that pitched at EF’s 11th Demo Day in London
Alibaba has made an acquisition as it continues to square up to the opportunity in enterprise services in China and beyond, akin to what its US counterpart Amazon has done with AWS. TechCrunch has confirmed that the e-commerce and cloud services giant has acquired Teambition, a Microsoft- and Tencent-backed platform for coworkers to plan and collaborate
Political parties, campaigns, and brands can’t get an accurate and cost-effective understanding of opinion in small geographic areas, like the constituencies of lawmakers. This is a big problem in political campaigning. And all political campaigning now has a huge online element, as we know. We also know political turbulence is one of the defining themes
If you took the photos and videos out of pornography, could it appeal to a new audience? Caroline Spiegel’s first startup Quinn aims to bring some imagination to adult entertainment. Her older brother, Snapchat CEO Evan Spiegel, spent years trying to convince people his app wasn’t just for sexy texting. Now Caroline is building a website
DoorDash launched a new initiative today called Kitchens Without Borders, which it says is designed to promote business owners who are immigrants and refugees. It’s starting out with 10 restaurants in the San Francisco Bay Area: Besharam, Z Zoul Cafe, Onigilly, Los Cilantros, Sabores Del Sur, West Park Farm & Sea, Little Green Cyclo, Afghan Village,
Grab, the $16 billion-valued ride-hailing firm that acquired Uber’s Southeast Asia business last year, is in talks with Alibaba’s Ant Financial and PayPal as it considers spinning out of its financial services unit to double down on its non-transportation business, TechCrunch has learned. The seven-year-old company’s coming-of-age moment was a deal to buy Uber’s regional
Now you can search Facebook for how much Trump has spent on ads in the past year, which Pages’ ads reference immigration or what a Page’s previous names were. It’s all part of Facebook’s new Ad Library launching today that makes good on its promise to increase transparency after the social network’s ads were used
Microsoft today announced a major expansion of its Azure IP Advantage program, which provides its Azure users with protection against patent trolls. This program now also provides customers who are building IoT solutions that connect to Azure with access to 10,000 patents to defend themselves against intellectual property lawsuits. What’s maybe most interesting here, though,
Instant print cameras have been popular for a long, long time, but they’re seeing a renaissance now — led by Fujifilm, whose Instax mini-films and cameras lead the pack. But Canon wants in, and has debuted a pair of new cameras to challenge Fuji’s dominance — but their reliance on digital printing may hold them
Xiaomi is back with another teaser of the foldable concept device it first showed off in January. This time around, in a video posted to its Weibo account, the Chinese company showed off the device working in tablet mode and, after folding, regular phone mode to illustrate how seamlessly it can be tucked up and
Betaworks Studios, the brainchild of New York City seed-stage venture capital fund Betaworks, has amassed the support of WeWork, or The We Company, as they now call themselves. JLL Spark Ventures and the co-working giant have led co-led a $4.4 million investment in the membership-based co-working club described as a supportive community for builders. Launched
Lyft raised more than $2 billion Thursday afternoon after pricing its shares at $72 apiece, the top of the expected range of $70 to $72 per share, CNBC reports. This gives Lyft a fully-diluted market value of $24 billion. The company will debut on the Nasdaq stock exchange Friday morning, trading under the ticker symbol
A revealing cluster of emails leaked to Business Insider offers a glimpse at how Facebook decides what content is objectionable in high profile cases. In this instance, a group of executives at Facebook went hands on in determining if an Alex Jones Instagram post violated the platform’s terms of service or not. As Business Insider
Setting up Elasticsearch, the open-source system that many companies large and small use to power their distributed search and analytics engines, isn’t the hardest thing. What is very hard, though, is to provision the right amount of resources to run the service, especially when your users’ demand comes in spikes, without overpaying for unused capacity.
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