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Friday, May 10, 2019

Uber goes public

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THE DAILY CRUNCH
FRIDAY, MAY 10 2019 By Anthony Ha

Uber gets ready for its public market debut, Jeff Bezos details Blue Origin's plans to go to the Moon and we talk to Tim Cook about coding education. Here's your Daily Crunch for May 10, 2019.

1. Uber prices IPO at $45 per share, raises $8.1B

Uber is debuting on the New York Stock Exchange this morning. Yesterday, the company priced its initial public offering at $45 per share, raising $8.1 billion in the process.

The pricing came just a day after drivers all over the world went on strike, with drivers in San Francisco protesting right outside Uber's headquarters.

Uber Begins First Day Of Trading At New York Stock Exchange

2. Jeff Bezos aims Blue Origin at the Moon

Bezos took the stage in front of select members of the media, executives, government officials and a gaggle of middle schoolers to reveal new details of his plan to get to the Moon by 2024.

3. Flaws in a popular GPS tracker leak real-time locations and can remotely activate its microphone

The Chinese-manufactured white-label location tracker, rebranded and sold by more than a dozen companies — including Pebbell by HoIP Telecom, OwnFone Footprint and SureSafeGo — contains security flaws, which security researchers say are so severe the device should be recalled.

4. Apple CEO Tim Cook talks WWDC student program, coding initiatives and SAP

We talk to the Apple CEO about coding literacy, the SAP partnership and some other interesting topics. (Extra Crunch membership required.)

5. Justice Department charges Chinese hacker for 2015 Anthem breach

U.S. prosecutors have brought charges against a Chinese national for his alleged involvement in the data breach at health insurance giant Anthem announced in 2015 that resulted in the theft of 78.8 million records.

6. Smartphone shipments hit a five-year low in North America

That's bad, but also in line with what we've been seeing globally.

7. Facebook AR/VR product head Hugo Barra is being replaced

After initially being hired to lead the whole VR division, Barra will now be leading global AR/VR partnerships, while Erick Tseng, Facebook's director of product management, will be replacing Barra in his most recent role leading AR/VR product management.

Get more stories at techcrunch.com 

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