It's been great to meet so many Login readers at Code Conference. And, to the rest of you, wish you were here. That said, hopefully I can help you feel like you were, with a quick recap.
Airbnb CEO Brian Chesky. Photo: Asa Mathat for Vox Media
Two of the most eagerly watched startups in tech, Uber and Airbnb, both indicated yesterday that they may go public in 2019.
Airbnb CEO Brian Chesky said Tuesday that his company will be ready to go public next year, though whether it will do so has not yet been decided.
Uber CEO Dara Khosrowshahi expressed similar ambitions in a CNBC interview and on stage at Code, though he was less equivocal.
Why it matters: Private financing has way outpaced IPO fundraising in tech since the '90s, as shown by one of Kleiner Perkins partner Mary Meeker's slides.
Meanwhile, two fairly recent IPO companies, Spotify and Stitch Fix, shared their lessons learned.
Uber logo on vehicle. Photo: Smith Collection/Gado/Getty Images
Using UberX and UberPool lowers weekly commuting costs for customers, compared to owning a car, in 4 of the 5 largest U.S. cities, according to one of the 200-plus slides that Meeker shared during her annual "Internet Trends" report on Wednesday.
Why it matters: Ride-hailing companies' lofty claims about their impact on transportation have often been met with skepticism, notes Axios' Kia Kokalitcheva.
Meanwhile, in China: On-demand car and bike rides continue to grow, and rides in China now make up 68% of global demand, up from 67% a year ago. But, more staggering is that this represents about 5 billion completed trips quarterly — up from only 2.5 billion trips per quarter a year ago.
Plus: You can see all of Meeker's slides, and our take on the key points here.
Megan Smith, Sukhinder Singh Cassidy and Aileen Lee (from l to r) speaking at Code Conference on Wednesday. Photo: Asa Mathat for Vox Media
There was, of course, far more during the big day of the annual conference:
Yes, but: Throughout the event there was widespread speculation that Tesla and SpaceX CEO Elon Musk might make an unscheduled appearance on stage. Swisher had been using her considerable persuasive powers (and a public Twitter push) to convince Musk to appear, but to no avail.
Facebook CEO Mark Zuckerberg. Photo: Christophe Morin/IP3/Getty Images
Facebook shareholders attending the company’s annual meeting Thursday will be the targets of a campaign urging them to replace CEO Mark Zuckerberg, who also chairs the company's board, with an independent chair.
Why it matters: It’s the first move in a progressive coalition’s efforts to target Facebook with a political-style campaign focused on calls for regulators to break up the social media empire.
Reality check: The shareholder proposal doesn’t stand a chance of getting approved — and the current FTC isn’t interested in breaking up Facebook. Plus, for replacing Zuckerberg in any capacity, that's also a non-starter as he maintains voting control of the company.
The revolutionary thing about Personals isn't that it aims to be a dating app focused on people who identify as LGBTQ. It's that it wants to be a dating app that eschews pictures in favor of text-only ads.
The bottom line: Personals harkens back to the day when people met via personal ads in newspapers, while still taking advantage of the ubiquitous smartphone. Its creators aim to launch in the fall and you can sign up for the beta here.
Go deeper: Them. has a detailed write-up on the effort and its origin.
Intel closed out Day 2 of Code Conference with a pretty fun drone show.