page contents Recode Daily: Uber’s flying car chief is stepping down and winging it – The News Headline

Recode Daily: Uber’s flying car chief is stepping down and winging it

Uber’s leader product officer, Jeff Holden, is leaving the corporate. Holden helped expand Uber Pool and maximum just lately led Uber’s flying automobile effort, referred to as Carry. One of the most few holdouts at Uber who used to be thought to be a part of ousted CEO Travis Kalanick’s internal circle, Holden notoriously helped Kalanick get a hold of one of the vital corporate’s extra arguable company values, comparable to “at all times be hustlin’,” “principled war of words” and “toe-stepping.” [Johana Bhuiyan / Recode]

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Lyft is gaining on its larger ride-hailing rival, Uber — and its expansion is being pushed by way of younger shoppers. Just about 78 % of people that downloaded Lyft within the ultimate six months have been beneath 34; 66 % of Uber’s app installations have been from other people between 18 and 34. Uber has extra customers total, however usually, having a more youthful consumer base is crucial indication of long run expansion for Lyft. [Rani Molla / Recode]

Amazon remains to be the arena’s No. 1 dealer of good audio system by way of a long way — the corporate shipped 4 million voice-controlled Echo units in Q1, claiming 43.6 % of the worldwide marketplace. [Juli Clover / MacRumors]

PayPal plans to spend $2.2 billion in money to shop for bills corporate iZettle — the Sq. of Europe —in its greatest acquisition ever. The proposed deal would give PayPal a more potent foothold in Europe and an actual presence in brick-and-mortar retail the place it is going to compete in opposition to firms like U.S.-based Sq.. Primarily based in Stockholm, Sweden, iZettle had meant to head public quickly; PayPal’s be offering used to be round double what iZettle was hoping to be valued at in its IPO. [Jason Del Rey / Recode]

Lightspeed Undertaking Companions needs to arrange a brand new cryptocurrency mission — an earmarked pool of money inside a larger fund to be spent only on crypto investments. Just about each and every top-tier company in Silicon Valley is deliberating how they will have to be arrange with a view to put money into crypto, which some fans imagine is the following wave of innovation. [Teddy Schleifer / Recode]

Meet the unicorn hunters on this in-depth historical past a bet capital, which examines VC’s emergence because the lifeblood of the Silicon Valley tech trade as army investment shrank within the 1950s, and what’s lately investment and difficult its international expansion. Undertaking capital deploys about $84 billion in keeping with yr within the U.S., and the financing style has been replicated everywhere the arena, particularly in burgeoning Asian tech ecosystems from Beijing to Bangalore. [Kim-Mai Cutler / Logic Magazine]


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