Aug 8, 2017

Car marketplace Carvana acquires Bay Area startup

Just two quarters into its life as a public company, online car marketplace Carvana is already acquiring a smaller competitor, Carlypso, for an undisclosed amount. Founded in 2013 in San Francisco, Carlypso has raised $1.3 million in funding and operated in three markets.

Why: According to Calypso co-founder and CEO Chris Coleman, the two companies' strengths are complimentary. Where his startup had mastered using data to accurately price cars and optimize everyone's margins, Carvana had advanced logistics, customer service, and financing operations. And in the end, Carvana's much bigger size just made it an attractive landing spot for Carlypso to put its technology to better use, says Coleman.

Industry consolidation: While a few years ago several companies set out to improve car buying with technology, not all of them are still in the race. Six months ago, we saw the shutdown of Beepi after a failed merger with another company. Meanwhile, others have done better, like Carvana, which went public in March, and Shift and Vroom, which recently raising new funding respectively.

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Joe Biden places second in Nevada caucuses, ahead of Pete Buttigieg

Democratic presidential candidate and former Vice President Joe Biden a Nevada Caucus watch party in Las Vegas on Saturday. Photo: Ronda Churchill/AFP via Getty Images

Former Vice President Joe Biden secured second place in the Nevada Democratic caucuses with former Southbend Mayor Pete Buttigieg third, according to NBC News projections Sunday.

Why it matters: It's a boost for Biden, who's widely tipped to be endorsed by House Majority Whip Jim Clyburn (D-S.C.) on Wednesday, ahead of this week's South Carolina primary.

By the numbers: With almost 88% of precincts reporting, Biden has 20.9% of the Nevada votes and Buttigieg has 13.6%.

Flashback: Bernie Sanders wins Nevada caucuses

Editor's note: This is a developing news story. Please check back for updates.

Sanders reveals free childcare plan for preschoolers

Democratic presidential candidate Sen. Bernie Sanders speaks during a campaign rally on Saturday in El Paso, Texas. Photo: Cengiz Yar/Getty Images

Democratic presidential candidate Sen. Bernie Sanders announced on CBS' "60 Minutes" Sunday a new plan to guarantee free child care and pre-kindergarten to all American children from infancy to age four.

Details: In the wide-ranging interview, Sanders told Anderson Cooper he planned to pay for universal childcare with a wealth tax. "It's taxes on billionaires," he said.

Exclusive: Trump's "Deep State" hit list

Illustration: Aïda Amer/Axios. Photos: WPA Pool/Getty Pool, Drew Angerer/Getty Staff

The Trump White House and its allies, over the past 18 months, assembled detailed lists of disloyal government officials to oust — and trusted pro-Trump people to replace them — according to more than a dozen sources familiar with the effort who spoke to Axios.

Driving the news: By the time President Trump instructed his 29-year-old former body man and new head of presidential personnel to rid his government of anti-Trump officials, he'd gathered reams of material to support his suspicions.