Tech News from Simmons Systems (Page 714)

Tech News from Simmons Systems

Lyft Debuts on Nasdaq With Strong Pop Despite Record Losses

Lyft makes its public debut on the Nasdaq with a 21 percent pop in its opening price, valuing the ride-hailing company at $24 billion. The highly anticipated IPO sets the stage for upcoming gig economy offerings like Uber.

Lyft Debuts Strong on Nasdaq With a $26.6 Billion Valuation

Lyft concludes its first day of trading up 8.7%, securing a massive market cap despite reporting nearly a billion dollars in net losses. The successful launch sets a positive stage for upcoming tech IPOs like Uber and Pinterest.

Lyft Prices IPO at $72 Per Share to Reach $20.5 Billion Valuation

Lyft officially prices its initial public offering at the top of its expected range, valuing the ride-hailing company at over $20 billion. The stock begins trading Friday as the first of several major tech start-ups to go public this year.

Amazon Prime Offers Free Year of Nintendo Switch Online

Twitch Prime is giving members a complimentary 12-month subscription to Nintendo Switch Online, which normally costs $20. Users must claim the benefit in two separate installments before the offer expires.

UK Oversight Board Slams Huawei Over Systematic Security Defects

A UK oversight board issues a damning report detailing serious and systematic software engineering defects in Huawei's networking equipment. The report casts doubt on Huawei's ability to fix these issues despite a pledged $2 billion transformation program.

'Netflix of Transit' App Successfully Shifts Commuters Away From Private Cars

A new study shows that the Whim app, a mobility-as-a-service platform, significantly reduces personal car usage by bundling public transit, bikes, and taxis into one subscription. The data reveals that users readily abandon private vehicles when offered convenient, integrated travel options.

Apple's New Media Services Create Interconnected Subscription Ecosystem

Apple unveils a suite of subscription products that individually lack shock value but collectively represent a massive company transformation. TechCrunch's Editor-in-Chief analyzes the hidden advantages within this new interconnected media ecosystem.

entrepreneur first

Entrepreneur First Showcases 29 New Startups Across Europe

Entrepreneur First hosts its eleventh Demo Day in London, featuring 29 newly formed startups from across Europe. The event follows a recent $115 million fundraise to back over 2,200 individuals in the next three years.

Proxy Raises $13.6M to Build a Bluetooth Identity Layer

Proxy emerges from stealth with a $13.6 million Series A to replace office badges with a privacy-focused Bluetooth identity system. The startup aims to let users seamlessly unlock doors and customize devices without extracting their phones.

voting machines

Senators Demand Answers From Voting Machine Giants Over Security Flaws

Four senior senators pressure top U.S. voting machine makers to explain why they sell insecure, outdated devices ahead of the 2020 election. The lawmakers demand to know why these companies lack paper ballot options despite controlling most of the market.

Wyze Introduces Affordable $20 Home Sensor System

Wyze expands its budget smart home lineup with a new $20 sensor kit that pairs with its popular security cameras. The package includes motion and contact sensors to monitor doors and windows.

Adobe and Microsoft Deepen B2B Data Sharing with LinkedIn Integration

Adobe and Microsoft introduce Account Based Experience, a new data-sharing integration that connects Marketo, Dynamics 365, and LinkedIn. The partnership aims to give sales teams a more complete picture of complex B2B accounts.

European Parliament Approves Controversial Copyright Reform Despite Mass Protests

The European Parliament passes a divisive copyright overhaul that holds platforms liable for user uploads, ignoring massive public opposition and narrow rejections of key amendments.