Techmeme

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Financial Times:
Sources: at least three of Facebook's Libra backers are discussing how to distance themselves from the project amid increasing regulatory scrutiny   —  Intensifying regulatory scrutiny of Facebook's Libra digital currency has spooked some of the project's early backers, with at least three privately discussing …
Aug 23, 2019, 8:05 AMIn context
Kashmir Hill / New York Times:
Users whose accounts have been disabled by Facebook say the opaque review process, the endless wait, and the inability to contact an employee can be maddening   —  For a decade, Christopher Reeves, an Uber driver in Seattle, used Facebook for everything: talking with friends, communicating with fellow drivers, meeting singles.
Aug 22, 2019, 10:45 AMIn context
Connie Loizos / TechCrunch:
Internal raises $5M seed round from David Sacks' Craft Ventures to help companies deploy consoles to manage employee access to sensitive customer data   —  Uber and Facebook and countless other companies that know an awful lot about their customers have found themselves in hot water …
Aug 20, 2019, 9:20 PMIn context
Benjamin Mayo / 9to5Mac:
Apple announces that Apple Card is now available to all iPhone users in the United States, with a 3% cashback offer for Uber and Uber Eats   —  Apple today announced that Apple Card is available to everyone in the United States from today.  To sign up, simply open the Wallet app on your iPhone and begin the application process.
Aug 20, 2019, 9:30 AMIn context
Jake Bright / TechCrunch:
Kobo360, a Nigerian freight logistics startup, raises $20M Series A led by Goldman Sachs and $10M in working capital financing from Nigerian commercial banks   —  Nigerian freight logistics startup Kobo360 has raised a $20 million Series A round led by Goldman Sachs and $10 million …
Aug 14, 2019, 5:05 AMIn context
Krystal Hu / Yahoo Finance:
Uber imposes hiring freeze on engineering teams in the US and Canada, canceling scheduled interviews with job applicants this week   —  Uber isn't letting tech workers join the ride, at least for now.  —  The ride-hailing giant has been canceling scheduled on-site interviews for tech roles this week …
Aug 9, 2019, 8:00 PMIn context
Priyanka Sahay / Moneycontrol:
Head of Uber India says the company is building a bus service in India, hopes to launch in the next 12 months; Uber launched a bus service in Cairo in October   —  Pradeep Parameswaran, Uber India and South Asia head told Moneycontrol that the company is in the process of building the product and refining it.
Aug 9, 2019, 12:05 PMIn context
Jessica Bursztynsky / CNBC:
Dara Khosrowshahi says Uber considered buying food delivery startup Caviar before DoorDash acquired it for $410M, but decided to pass on the deal   —  KEY POINTS  — Acquiring premium online food delivery service Caviar would not have been a good fit for Uber Eats, says Uber CEO Dara Khosrowshahi.
Aug 9, 2019, 11:25 AMIn context
Larry Dignan / ZDNet:
Uber Eats Q2 revenue was $595M, up 72% YoY; Uber says it now has 99 million active consumers on its platform overall, as the number of Eats users grew 140% YoY   —  Uber's ability to expand its business into food delivery and freight pays off somewhat, but Lyft's more focused approach on ride sharing shows some early returns.
Aug 8, 2019, 5:35 PMIn context
Eliot Brown / Wall Street Journal:
Uber's Latin American revenues in Q2 fell 24% YoY to $547M, as company posts its slowest overall quarterly revenue growth of 14%; stock is down 8%+   —  Large expense related to its IPO weighs on earnings as revenue rises 14%  —  Uber Technologies Inc. UBER 8.24% reported its largest-ever quarterly loss …
Aug 8, 2019, 5:05 PMIn context

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