Techmeme
March 1, 2019, 3:35 PM

Top News

Sara Salinas / CNBC:
Lyft IPO: 2018 revenue of $2.2B up 100% YoY, gross bookings of $8.1B from 1B+ rides, loss of $911M, up 32% YoY, 39% market share in the US, up from 22% in 2017  —  - In Lyft's long-awaited IPO prospectus, the Uber archrival says its share of the market has grown to 39 percent.
Wall Street Journal:
Sources: Amazon is planning to open dozens of grocery stores, distinct from Whole Foods, in several major US cities  —  Amazon is planning to open dozens of grocery stores in several major U.S. cities as the retail giant looks to broaden its reach in the food business beyond its specialty Whole Foods brand.
Tom Warren / The Verge:
Microsoft now lets Microsoft 365 users on Android take a picture of a printed data table and automatically convert it into a fully editable Excel spreadsheet  —  Microsoft uses AI to boost Excel features  —  Microsoft is adding a very useful feature to its Excel mobile apps for iOS and Android.
Finextra Research:
Revolut CFO Peter O'Higgins resigns this week in wake of allegations made against Revolut of allowing money laundering and using dodgy hiring practices  —  The CFO of Revolut has resigned as the fintech unicorn makes headlines for all the wrong reasons, with allegations surface over serious lapses …
Lucas Shaw / Bloomberg:
Sources: Hulu's live online TV service has about 2M subscribers while YouTube TV has crossed 1M  —  - Analyst says their services shine versus Sling, DirecTV Now  — Slicker, modern-looking interfaces give upstarts a leg up  —  Hulu and YouTube together have signed about 3 million subscribers …
Sarah Perez / TechCrunch:
Twitter says in the coming months it will test a Hide Tweet feature that allows users to hide replies to their tweets that others can view through a menu option  —  Twitter has confirmed it's developing a new “Hide Tweet” option, but has yet to provide detail about its launch plans for the feature.
Jordan Pearson / Motherboard:
Coinbase's acquisition of Neutrino, co-founded by the key people behind the controversial hacking tools vendor Hacking Team, sparks a #DeleteCoinbase campaign  —  Users trying to #DeleteCoinbase are having trouble after the exchange acquired a startup staffed by former Hacking Team members.
Kirsten Korosec / TechCrunch:
Tesla says it is shifting all sales globally to online, resulting in some store closures and layoffs but allowing vehicle prices to be lowered by ~6% on average  —  Tesla is moving all of its sales online, a dramatic shift in its sales strategy that will result in the closure of stores …
Natasha Lomas / TechCrunch:
LinkedIn suspends emails to connections when a European member has been mentioned in the news, after algorithm mixes up identities  —  LinkedIn has been forced to ‘pause’ a feature in Europe in which the platform emails members' connections when they've been ‘mentioned in the news’.
J. David Goodman / New York Times:
Sources: Gov. Cuomo spoke to Amazon execs, including Bezos, to try to lure Amazon back to NYC; full-page ad by NY civic leaders in Friday's NYT urges the same  —  [What you need to know to start the day: Get New York Today in your inbox.]  —  Gov. Andrew M. Cuomo, who was staggered …

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Simon van Zuylen-Wood / Vanity Fair:
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