Lyft raised more than $2 billion Thursday afternoon after pricing its shares at $72 apiece, the top of the expected range of $70 to $72 per share. This gives Lyft a fully-diluted market value of $24 billion. The company will debut on the Nasdaq stock exchange Friday morning, trading under the ticker symbol “LYFT.” The…
Amazon Prime’s Twitch Prime gaming service typically only includes PC freebies, but now Nintendo Switch owners can get a free year of Nintendo Switch Online through the service. The process for securing the year is somewhat strange, though. The post Twitch Prime members can snag a free year of Nintendo Switch Online appeared first on…
Consumer spending in mobile apps across both Apple’s App Store and Google Play will grow by 120 percent to reach $156 billion worldwide by 2023, according to a new report out today from app store intelligence firm, Sensor Tower. The forecast estimates that both stores will more than double their revenues during the next five…
In the past few years it’s become increasingly evident that while social media was a fantastic new way to get into the minds of people and understand what they thought in order to sell them things, you couldn’t just rely on the blathering of millions of people. You also had to literally ask them questions.…
The latest report by a UK oversight body set up to evaluation Chinese networking giant Huawei’s approach to security has dialled up pressure on the company, giving a damning assessment of what it describes as “serious and systematic defects” in its software engineering and cyber security competence. Although the report falls short of calling for…
From Extra Crunch Jon Evans has a comprehensive look at the most compelling futures for “Crypto 2.0.” With the trading frenzy out of the way (at least for the time being), engineers and product designers can now get back to the real world of improving these systems. Digital accessibility expert Beth Franssen has a piece…
Here’s a well-earned retirement. Kazuo Hirai, the former CEO who spearheaded Sony’s turnaround in recent years, is leaving the company following 35 years of service, according to an announcement made today. Hirai became Sony CEO in 2012, replacing Sir Howard Stringer with a mission of bringing the good times back to the then-bloated electronics giant through…
Sling TV has gone through multiple evolutions since it debuted at CES 2015 (winning our Best in Show award that year in the process). Since then, it’s become an ever-present option for cord cutters looking for live TV without the bonds of cable. Most recently, Sling has added free content from its channel selections for a select group of Roku…
Silicon Valley venture capitalist Chris Schaepe is out at Lightspeed Venture Partners, after telling his partners about having hired Rick Singer, the Newport Beach, Calif., businessman in the middle of the college bribery scandal. According to Axios, which broke the news of Schaepe’s departure, Schaepe insists he didn’t knowingly participate in any bribery schemes, but…
What lies beneath the murky depths? SolarCity co-founder Peter Rive wants to help you and the scientific community find out. He’s just led a $7 million Series A for Sofar Ocean Technologies, a new startup formed from a merger he orchestrated between underwater drone maker OpenROV and sea sensor developer Spoondrift. Together, they’re teaming up…
