The big picture: Lyft is much smaller than Uber — it only operates in the U.S. and Canada — but its role in the ride-share ecosystem is hugely important. Lyft has managed to grow its market share to 39%, which makes it ubiquitous enough that riders can easily and regularly compare price quotes between Uber and Lyft to see which one is cheaper.
"Jeff Bezos amassed the world’s greatest fortune by relying on what he has called a 'regret minimization framework.' He built an $800 billion company with 14 codified principles," the New York Times' Amy Chozick writes."But then Mr. Bezos went to Hollywood."
Amazon has reportedly begun to eliminate its library of anti-vaccine documentaries from its Amazon Prime Video streaming services, only hours after Rep. Adam Schiff (D. Calif.) wrote an open letter to Amazon's CEO Jeff Bezos, expressing concern, according to CNN.
Driving the news: Wired recently reported that vaccine doubt is growing globally, indicating that public trust in science is diminishing. Amazon's recommendation algorithms has pushed people toward its anti-vaxx content and while its film list is shrinking, a collection of anti-vaxx books remains available for purchase on Amazon.com.
Led by big chains like Amazon Go, Sweetgreen, and Shake Shack, U.S. retailers are fast eliminating cash sales. But cities and states across the country are fighting back.
The big picture: They're moving to outlaw cashless stores because, they say, they discriminate against millions of Americans, mostly the poor, elderly and immigrants, who don't use credit cards.
In an example of the power of Big Tech, as Philadelphia moved to ban cashless stores, Amazon lobbyists went to work and won a carveout that makes an exception for its Go stores — but still outlaws the competition.
Facebook and Instagram filed a lawsuit late Friday in U.S. federal court against 4 companies and 3 people based in the People's Republic of China for the production and promotion of fake accounts, likes and followers on both platforms.
Details: The company's lawsuit also aims to prevent trademark infringement on its sites, and the use of Facebook branded domain names to operate on their websites — a practice called cyber squatting. Ultimately, the motivation for the suit is to stress that such fraudulent actions are unacceptable.
At Apple's yearly meeting on Friday, CEO Tim Cook said the company intends to lower the price of its MacBook Air, add supplemental health features to its smartwatch and ramp up its augmented reality, reports Bloomberg.
Between the lines: Cook repeated his expectation that the tech company is on track to double revenue by adding services to its fleet of offerings within the next year. But Apple investors eagerly await the company's next success story as interest in the iPhone wanes and the company just endured its first holiday sales slump in 17 years.
