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May 10, 2019, 11:05 PM
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| Lauren Feiner / CNBC: |
Uber closes down 7.6% on its first day of trading after raising $8.1B in its IPO, which valued the company at about $82.4B — - Uber debuted Friday on the New York Stock Exchange at $42 per share, trading under the symbol “UBER.” — Uber dropped 7.6% on its first day of trading on the New York Stock Exchange Friday.
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| Eric Newcomer / Bloomberg: |
Profile of Garrett Camp, the Uber co-founder who envisioned the idea of private cars for hire with an app and whose stake in Uber is now worth ~$3.7B — Garrett Camp envisioned cities full of private cars for hire with an app. Travis Kalanick took it from there, and they both became wealthy beyond imagination.
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Tweets: @daveleebbc, @madhavchanchani, @markmilian, @mattrosoff, and @arashmassoudi
| Alison Griswold / Quartz: |
Benchmark made billions on an early-stage Uber investment, but it isn't clear if late-stage investors like SoftBank or Saudi Arabia's PIF made serious profit — We've known practically since Uber started dispatching rides that one day it would make a lot of people very rich.| Heather Somerville / Reuters: |
SEC approves the creation of the Long-Term Stock Exchange, or LTSE, a Silicon Valley-based national securities exchange proposed by Eric Ries — SAN FRANCISCO (Reuters) - U.S. regulators on Friday approved a new stock exchange that is the brainchild of a Silicon Valley entrepreneur …
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| Jessica Romero / Facebook: |
Facebook sues Rankwave, a South Korean data analytics company with apps on Facebook, says Rankwave didn't cooperate with efforts to verify policy compliance — Today Facebook filed a lawsuit in California state court against Rankwave, a South Korean data analytics company that ran apps on the Facebook platform.
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Tweets: @tonyromm, @david_ingram, @swodinsky, @edbott, @lfdodds, @lfdodds, @lfdodds, @david_ingram, @david_ingram, @david_ingram, @david_ingram, @martyswant, @bcmerchant, @alexeheath, @thomasclaburn, @theregister, @swodinsky, @alibreland, @stevekovach, @swodinsky, @joshsternberg, @swodinsky, @johnpaczkowski, @swodinsky, @swodinsky, @alexeheath, and @martyswant
| Josh Constine / TechCrunch: |
In its lawsuit against Rankwave, Facebook alleges Rankwave misused Facebook data outside of the apps where it was collected and refused to comply with an audit — Facebook might have another Cambridge Analytica on its hands. In a late Friday news dump, — TechCrunch has attained a copy …
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Telegraph. Tweets: @joshconstine, @lfdodds, @lfdodds, @lfdodds, @lfdodds, @lfdodds, @lfdodds, @lfdodds, @lfdodds, @lfdodds, @lfdodds, @gcluley, @joshconstine, and @joshconstine. Thanks:@joshconstine
| Simina Pasat / The GitHub Blog: |
GitHub unveils GitHub Package Registry, a package management service that supports npm, Maven, RubyGems, NuGet, and Docker, available today in limited beta — Today, we're excited to introduce GitHub Package Registry, a package management service that makes it easy to publish public or private packages next to your source code.
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| Stewart Clarke / Variety: |
Netflix publishes its first top-10 lists of most-watched content on its platform in the UK, says it will start posting the lists every week in the country — Netflix took a step toward greater transparency Thursday, at least in the U.K., by publishing its first top-10 lists of most-watched content …
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| Chris Velazco / Engadget: |
Lyft is testing longer-term car rentals with a small group of customers in San Francisco — Between offering on-demand rides and peppering cities with electric scooters, Lyft has been pushing hard to minimize the need to actually own a car. Now, the company is exploring yet another … | Christina Farr / CNBC: |
Inside Amazon's acquisition of PillPack as it prepares to take on CVS, Walgreens, and others in the $500B-a-year prescription drug market — It was May 2018, and PillPack CEO TJ Parker was in Seattle to meet with a small contingent from Amazon. — Suitors had been swarming around his online pharmacy …
Tweets: @eugenekim222, @chrissyfarr, @mattrosoff, @drugchannels, @chrissyfarr, @chrissyfarr, @kellan, @libertyrpf, and @jordannovet. Thanks:@mattrosoff
| Steven J. Vaughan-Nichols / ZDNet: |
Google says that all Chromebooks launched this year will be Linux-ready right out of the box — Google has announced that all new Chromebook devices will be Linux ready. — At Google I/O in Mountain View, Google quietly let slip that “all devices [Chromebook] launched this year will be Linux-ready right out of the box.”| Daniel Frankel / Multichannel News: |
TiVo announces plans to split its IP licensing and video products businesses to increase odds of finding a buyer — Company says separating units will help odds of finding a buyer — As expected, TiVo has announced plans to split its IP licensing and video products businesses as the company looks to sell its assets.
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Reuters, Engadget, MarketWatch, MarketWatch, Silicon Valley Business …, and Broadband TV News. Tweets: @jank0
| Matt Rosoff / CNBC: |
Facebook isn't a monopoly in advertising, so breaking it up would be illogical and ineffective; it would also be expensive and discouraging to entrepreneurs — - Facebook co-founder Chris Hughes argues in an op-ed for The New York Times on Thursday that Facebook should be broken up under antitrust laws.
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| Chris Hughes / New York Times: |
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