Techmeme
May 10, 2019, 5:30 PM

Top News

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 began trading Friday on the New York Stock Exchange …
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.
Casey Newton / The Interface:
Chris Hughes' op-ed reflects a consensus among early Facebook executives that the company is too large, too powerful, and too deleterious to society's health  —  Thanks to everyone who wrote with warm wishes about jury duty.  Sadly, I was not called upon to serve my democracy.
Chris Hughes / New York Times:
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 …
More: CNET
U.S. Department of Justice:
US DoJ announces a China-based hacking group has been indicted for a series of computer intrusions including the 2015 Anthem hack which affected ~78.8M people  —  A federal grand jury returned an indictment unsealed today in Indianapolis, Indiana, charging a Chinese national as part …
Binance:
Binance says it is significantly increasing its security, revamping its API, 2FA, and withdrawal validation, hopes to resume withdrawals and deposits next week  —  I would like to share some updates on the security incident.  We understand the situation is tough for our community.
Kyle Wiggers / VentureBeat:
Google says it will create a dedicated placement beneath the search bar for AMP Stories in mobile search results, starting with the travel category  —  At Google's annual I/O developer conference in San Francisco, the company gave an update on AMP Stories, an open source library …
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 …
Sarah Perez / TechCrunch:
Tinder is preparing to launch a Tinder Lite version of its dating app for emerging markets  —  Tinder is preparing to launch a version of its popular dating app aimed at users in emerging markets.  The app, which will be called “Tinder Lite,” offers a smaller, more lightweight version of the current flagship app, the company says.
Tweets: @mgsiegler and @levynews

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Earlier Picks

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Edgar Alvarez / Engadget: