Self-driving barrels forward, Blue Apron loses a CEO and Lyft gets lifted on Uber's pain. All that and more in The Daily Crunch for December 1, 2017. 1. GM wants to put a self-driving ride hailing service on the road by 2019 GM and its self-driving company Cruise are setting their sights on 2019 for a full-scale launch of a commercial ride hailing service, the company revealed during an investor presentation on Thursday. Cruise will launch in dense urban areas first, and likely with San Francisco leading the pack thanks to the extensive testing and mapping it's done there already. 2. Blue Apron's CEO departs Meal delivery company Blue Apron hasn't done a terrific job since going public earlier this year, with shares closing Thursday at under $3. The CEO taking the hit for the poor IPO performance makes sense, though it seems pretty obvious that the only people who benefited from Blue Apron going public were its early investors. 3. Lyft revenue tripled in wake of Uber's problems Uber's slight loss has been a big gain for Lyft, relatively speaking. Though Uber claims its business hasn't been impacted much by the wave of scandals it faced (and continues to face) this year, Lyft's newly revealed financials show a ride hailing company that benefited from its rivals' challenges. 4. Qualcomm says Apple ripped off Palm In the escalating legal battle between Apple and chipmaker Qualcomm, the latest volley comes from Qualcomm, which alleges that Apple infringed on a patent held by Palm, which then eventually made its way to Qualcomm via IP acquisition. 5. SpaceX won't launch Falcon Heavy until next year Rocket science IS rocket science, so delays like the one SpaceX confirmed that sees its initial Falcon Heavy launch pushed to next year instead of this one, as previously planned, isn't that surprising. Maybe a bit disappointing, but not surprising. 6. FCC Commissioner takes on Chairman's mistakes The FCC is almost certainly set to strike down the Title 2 protections for broadband put in place by the last Commissioner, but they aren't going to go quietly. FCC Commissioner Clyburn, one of two remaining good FCC Commissioners, penned a concise but effective takedown of all then-Commissioner Ajit Pai's scare-mongering predictions about what Title 2 would've done. 7. Twitter lightens up in 24 new countries Data is scarce, and Twitter wants to help make sure that people can afford to use their service where it's also expensive. Which could soon be the U.S., too – see item number 6 above. |
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