The U.S. takes a hit in the latest internet freedom rankings, a Chinese scooter maker isn't happy with Lyft and Spotify stock stumbles. Here's your Daily Crunch for November 1, 2018. 1. U.S. declines in internet freedom rankings, thanks to net neutrality repeal and fake news The latest "internet freedoms" rankings are out, courtesy of Freedom House's annual report. Last year, the U.S. was No. 21 in the ranking (the lower the number, the better a country ranks). That was behind Estonia, Iceland, Canada, Germany and Australia. This year the U.S. is at No. 22, thanks to the repeal of net neutrality and the renewal of U.S. spy powers. [caption id="attachment_1687665" align="aligncenter" width="680"] Image: Bryce Durbin/TechCrunch[/caption] 2. Xiaomi doesn't want Lyft using its electric scooters Electric scooter manufacturer Xiaomi has sent a cease-and-desist letter to Lyft, saying it did not consent to associate its brand with Lyft. 3. Spotify stock slumps on $1.35B in Q3 sales; MAUs up 28 percent to 191M with 87M paying users While Spotify continues to grow at a modest pace, it appears to be just about meeting analyst expectations when it comes to its financials, and therefore continues to struggle in the public markets. 4. GM looks to cut costs by offering buyouts to 18,000 employees The company has described this as a proactive measure aimed at preparing for coming headwinds such as slow sales in North America and China, commodity prices and tariffs. 5. Fitbit earnings beat expectations on strength of smartwatch sales Fitbit is slowly righting its financial ship, courtesy of a successful push into the smartwatch category. 6. Netflix changes its release model, with exclusive theatrical runs for 'Roma' and others In the past, the streaming service has been willing to release its films in theaters, but it refused to grant those theaters an exclusive release window, which meant that few of them were interested. That, in turn, may have hurt filmmakers' chances when it came to getting nominated for major awards. 7. Snapchat's PR firm sues influencer for not promoting Spectacles on Instagram Snap says it was not involved in the decision to sue "Grown-ish" actor Luka Sabbat. |
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