Millennials have long embraced Lyft's ride-hailing service — and now they're doing the same with the company's stock, according to data from stock trading app Robinhood.
The bottom line: Lyft was the most-traded stock on Friday on Robinhood whose users are 32 years old on average (and 21% of them are ages 18 to 24).
Apple announced on Friday that it was cancelling its delayed AirPower wireless charger, saying the product "will not achieve [its] high standards."
Details: “After much effort, we’ve concluded AirPower will not achieve our high standards and we have cancelled the project. We apologize to those customers who were looking forward to this launch. We continue to believe that the future is wireless and are committed to push the wireless experience forward," said Dan Riccio, Apple’s senior vice president of Hardware Engineering. AirPower had been set to ship last year, but was delayed.
Promising experiments with autonomous vehicles won’t go anywhere unless the U.S. figures out how to repair today’s broken infrastructure.
The big picture: Roads, bridges, tunnels and other infrastructure in the U.S. received a D+ grade from the American Society of Civil Engineers in 2017. The Trump administration and both parties in Congress agree infrastructure is a bipartisan issue, but they've made no progress in passing legislation.
Cars are smarter than ever, but their giant screens can be dangerously distracting. Vastly improved voice controls could improve safety in the near-term and potentially govern how we interact with automated vehicles in the future, too.
The big picture: Removing eyes from the road for just two seconds doubles the risk for a crash, according to AAA research.
Lyft last night raised around $2.34 billion in its IPO, selling more shares than expected and pricing at the top of its upwardly-revised range, sparking all sorts of concerns that we're at a market peak.
The big picture: It's entirely possible that we're at or near the top, and that it's all downhill from here. But we don't actually know, and certainly shouldn't extrapolate from the rush of unicorn tech companies going public.
Uber's $3.1 billion acquisition of Dubai-based Careem is its largest to date, and the second tech acquisition over $500 million in the Middle East by a U.S. tech giant.
Why it matters: U.S. tech leaders are eyeing investments in the Middle Eastern startup community as a way to achieve rapid scale in a large, young and increasingly affluent market.
Last week's news of the EU's latest antitrust fine levied against Google fattened the already multi-billion-dollar tally against the search giant. But like the previous penalties, there aren't many signs the new fine will cause Google to make major changes.
The bottom line: As long as Google's annual profits are in the tens of billions of dollars, fines that are smaller by a factor of ten may look more like a cost of doing business to the company than a prod to change course.
