#1 | Uber’s IPO filing reveals its financials and market dominance
Uber’s public S-1 filing contains a wealth of information about the ride-hailing giant. For one, its booking revenue from ride-hailing service in 2018 was $41.5 billion, compared to $8.1 billion reported by rising competitor Lyft. Also, Uber boasts 91 million users in 700+ global cities which is three times higher than 30.7 million users that Lyft had in 300+ American and Canadian cities. Uber is reportedly seeking a $100 billion valuation that will ensure substantial profit for some of its biggest investors including SoftBank Vission fund, Benchmark, co-founders Travis Kalanick and Garrett Camp, and Saudi Arabia’s Public Investment Fund. Read more here: http://bit.ly/2GtxFP8 http://http://bit.ly/2XrT80j
#2 | Zuckerberg leveraged Facebook user data as a bargaining chip
Facebook is embroiled in new controversy as its CEO Mark Zuckerberg was allegedly using users’ data as a bargaining chip in dealings with other firms. For instance, the social media giant would provide access to the data of its users to companies that used to spend money on Facebook advertising or were close to Zuckerberg. At the same time, rival companies or messaging apps that got too popular weren’t granted the same access. All the while, Zuckerberg was publicly framing these dealings as a way of protecting user privacy.
Read more here: https://nbcnews.to/2Uqpebd https://cnet.co/2KM3jLXdiv>
#3 | Tesla set to raise the price of its self-driving option
Elon Musk announced that the price of the full self-driving package in Tesla vehicles will “increase substantially over time”, starting with a hike on May 1st. The increase would be around $3,000, he confirmed on Twitter. Full self-driving (FSD) currently costs $5,000 although the company is yet to deliver on its promise of fully autonomous driving capability. Also, Tesla began producing a new custom chip called Hardware 3 that will replace the currently used Nvidia hardware. The price hike and hardware upgrades come amid an upcoming Investor Autonomy Day on April 22. Read more here: https://tcrn.ch/2KLDbRb https://engt.co/2PjBJnL <
#4 | Stratolaunch’s massive airplane takes the first flight
The world’s biggest plane with the record-breaking 385-foot wingspan took off for the very first time. The aircraft, from the company Stratolaunch, has six engines and will eventually be used to carry rocket ships loaded with satellites into the stratosphere. The test flight lasted for 150 minutes during which the airplane rose to the heights of 17,000 feet. Test pilot Evan Thomas reported that all systems “ran like a watch”. The Stratolaunch team dedicated this success to Paul Allen, a space enthusiast who founded and funded the project, who passed away last October at age 65.
Read more here: http://bit.ly/2UHWPlM http://bit.ly/2Gyxnqp
#5 | Global smart speaker installed base could top 200 million in 2019
A recent report estimates that the worldwide smart speaker installed base will reach 207.9 million in 2019. The US will account for 42.2 per cent of the global market with East Asian market becoming increasingly profitable as well. And although Amazon and Google dominate in the U.S., they don’t have a smart speaker presence in China where Alibaba’s Tmall Genie, Xiaomi’s Xiao Ai, and Baidu’s DuerOS gained more traction. Overall, the value of the global smart speakers market is set to reach $7 billion in 2019.
Read more here: https://tcrn.ch/2DjFS6E http://bit.ly/2UqWC1d