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…
John Eden is VP of Corporate Development at Legalinc. The shipping and logistics space is being rapidly transformed by technology. Innovations in this space span the way buyers and sellers transact (digital freight brokerages), the way goods are monitored during shipment (sensor-enabled real-time monitoring) and the manner in which risk is managed (novel approaches to…
Gearbox Software today revealed its latest game, Borderlands 3, at the PAX East Conference. Just about everything that could go wrong did go wrong, but at least the game looks cool. No, I’m not exaggerating — it was a shitshow. It started with Randy Pitchford doing his own version of one of those “Here are all…
Doing business in today’s connected world means dealing with a continually evolving threat landscape. With potential losses due to downtime following a breach, plus valuable client and proprietary information at risk, most organizations realize they cannot afford to be complacent. This puts extra onus on security IT teams, who are continuously left scrambling, looking for…
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…
Earlier this week, the BBC pulled its podcasts from Google’s Podcast app and Assistant platform after determining that it wasn’t getting enough out of the relationship, specifically noting that Google wasn’t providing it with enough audience data and search links to its own sites and services. Today, we get some more context and development on that decision.…
