Techmeme
May 10, 2019, 11:05 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 dropped 7.6% on its first day of trading on the New York Stock Exchange Friday.
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.
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 …
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.
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 …
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.
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: TechSpot, SlashGear, and CNET
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 …
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.
Casey Newton / The Interface:
Chris Hughes / New York Times:

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