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Tuesday, July 3, 2018

Lyft Bikes is a thing now. It's The Daily Crunch.

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THE DAILY CRUNCH
TUESDAY, JULY 3 2018 By Anthony Ha

Lyft moves into bike-sharing, Anthony Levandowski has a new self-driving startup and Amazon releases details about this year's Prime Day. Here's your Daily Crunch for July 3, 2018.

1. Lyft Bikes is now a thing

Lyft has acquired Motivate, the oldest and largest electric bike-share company in North America, for undisclosed terms. Motivate is better-known to New Yorkers as CitiBike, which it acquired from Alta in 2014.

This looks like a growing area of interest for both Uber and Lyft, with both companies recently applying for permits that would allow them to place their own e-scooters on the streets of San Francisco.

2. Anthony Levandowski is back with a new self-driving startup, called Kache.ai

The former Google engineer and serial entrepreneur was at the center of a trade secrets lawsuit between Uber and Waymo. This could be the beginning of his comeback.

3. A bigger Amazon Prime Day 2018 arrives July 16 with more deals, devices and longer hours

Amazon's Prime Day will be held on July 16 this year, starting at 3pm Eastern, and will feature more than a million deals.

4. Dell will soon be a public company (again)

Dell went private in one of the largest leveraged buyouts in tech, circa 2013. It announced today that it will once again be going public through a relatively complex mechanism that leaves founder Michael Dell and Silver Lake Partners largely in control.

5. The FBI, FTC and SEC are joining the Justice Department's inquiries into Facebook's Cambridge Analytica disclosures

An alphabet soup of federal agencies is now poring over Facebook's disclosures and statements about its response to the improper use of its user information by the political consultancy Cambridge Analytica.

6. Instagram's Do Not Disturb and 'Caught Up' deter overgramming

This should help Instagram's 1 billion monthly users stop fiendishly scrolling in search of new posts scattered by the algorithm.

7. All charges against ex-Vungle CEO Zain Jaffer, including lewd act on a child, dismissed by judge

"Being wrongfully accused of these crimes has been a terrible experience, which has had a deep and lasting impact on my family and the employees of my business," Jaffer said.

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