Hello and welcome back to Equity. Guess what we're talking about today! It's Lyft. You guessed correctly.
Facebook is taking legal action against a cluster of Chinese websites that sell fake accounts, likes and followers both on Facebook itself and on Instagram. The company announced the legal action in a
New Enterprise Associates, the 41-year-old venture firm with offices in Menlo Park; San Francisco; Boston; New York; Chevy Chase, Md.; and Washington, D.C., is raising its biggest fund ever, shows a n
Celebrated director Ava DuVernay has released a harrowing first teaser trailer for her highly anticipated Netflix series about the Central Park rape case from the 1980s. The true story of the five Afr
It's obviously important to Australians to make sure their koala population is closely tracked — but how can you do so when the suckers live in forests and climb trees all the time? With drones and
The well-funded co-working giant says the cuts were routine. The company plans to add an additional 6,000 employees in 2019.
Another overly niche streaming service is closing up shop. On Friday, Alpha – a geek-friendly streaming service that focused on TV, pop-culture, sci-fi, comics, video games and more – anno
Rackspace, the hosted private cloud vendor, let go around 200 workers or 3 percent of its worldwide workforce of 6,600 employees this week. The company says that it’s part of a recalibration whe
Last month, Spotify announced that it had paid $340 million for Gimlet and Anchor in a push to make its mark on podcasting. But while it’s encouraging to see media giants throw weight and money behi
Late last year, Huawei CFO Meng Wanzhou was arrested in Vancouver, Canada over alleged violations of U.S. trade sanctions with Iran. This week, the Canadian government announced it will allow for the
A report from The Wall St. Journal today claims Amazon is preparing to open a new chain of grocery stores across the U.S. that won’t be associated with Whole Foods. The retailer is expected to o
Sam Angus has been a lawyer in Silicon Valley since the 1990s. Today, he represents some of the biggest names in the startup world, from their earliest days through acquisitions and IPOs, and includin
After years of development and delays, SpaceX's Crew Dragon is ready to launch into orbit. It's the first commercially built and operated crewed spacecraft ever to do so, and represents in many ways t
In Lyft’s S-1 this morning, the company laid out the potential consequences for converting its drivers from independent contractors to W-2 employees. This, of course, has been an ongoing convers
Tristan O’Tierney, a co-founder of the payments company Square, has passed away at age 35. According to the San Francisco Chronicle, O’Tierney died last weekend in Florida of addiction-related
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Hardworking drivers, rejoice! As part of Lyft’s initial public offering, the transportation company is deciding to reward the drivers who form the backbone of the company’s core service. T
Be warned, YouTube creators: Making videos about the latest viral hoax, the “Momo challenge,” will not make you money. Over the past couple of days, the Momo challenge has gone viral once
According to the filing, Lyft recorded $2.2 billion in 2018 revenue on a net loss of $911 million.
After years of promises, 5G finally arrived at MWC 2019 — kind of, sort of. Barcelona served as the launching pad for several 5G handsets, set to arrive later this year. Though your actual 5G mileag
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