Techmeme
March 1, 2019, 1:15 PM

Top News

Sara Salinas / CNBC:
Lyft IPO: 2018 revenue of $2.2B up 100% YoY, gross bookings of $8.1B from 1B+ rides, loss of $911M, up 32% YoY, 39% market share in the US, up from 22% in 2017  —  - Lyft announced in December it had confidentially filed for an IPO, but declined to add financial specifics then.
Sarah Perez / TechCrunch:
Twitter says in the coming months it will test a Hide Tweet feature that allows users to hide replies to their tweets that others can view through a menu option  —  Twitter has confirmed it's developing a new “Hide Tweet” option, but has yet to provide detail about its launch plans for the feature.
Finextra Research:
Revolut CFO Peter O'Higgins resigns this week in wake of allegations made against Revolut of allowing money laundering and using dodgy hiring practices  —  The CFO of Revolut has resigned as the fintech unicorn makes headlines for all the wrong reasons, with allegations surface over serious lapses …
Kirsten Korosec / TechCrunch:
Tesla says it is shifting all sales globally to online, resulting in some store closures and layoffs but allowing vehicle prices to be lowered by ~6% on average  —  Tesla is moving all of its sales online, a dramatic shift in its sales strategy that will result in the closure of stores …
Ben Fox Rubin / CNET:
Amazon says it has decided to stop selling Amazon Dash buttons globally, but will continue supporting new orders made through existing Dash buttons  —  Amazon has come up with some pretty odd ideas over the years: delivery inside your car, a talking tablet for your kitchen counter …
J. David Goodman / New York Times:
Sources: Gov. Cuomo spoke to Amazon execs, including Bezos, to try to lure Amazon back to NYC; full-page ad by NY civic leaders in Friday's NYT urges the same  —  [What you need to know to start the day: Get New York Today in your inbox.]  —  Gov. Andrew M. Cuomo, who was staggered …
Wall Street Journal:
Sources: Amazon is planning to open dozens of grocery stores, distinct from Whole Foods, in several major US cities  —  Amazon is planning to open dozens of grocery stores in several major U.S. cities as the retail giant looks to broaden its reach in the food business beyond its specialty Whole Foods brand.
More: The VergeThanks:@varun_mathur
Simon van Zuylen-Wood / Vanity Fair:
Inside Facebook's content policy team, which is made up of several dozen Facebook engineers, lawyers, and PR people, who decide what users can post  —  The company blew it on privacy and fake news.  Can it do better against trolls and racists?  An exclusive embed with Facebook's shadow government.

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Earlier Picks

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