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Daily Crunch: ‘Winter may be longer’ because unicorns won’t accept down rounds, says SoftBank leader

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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Lyft creates media division to cash in on in-car ads

Lyft has created a new business unit to beef up its digital advertising business across its tablets, mobile app, rooftops and bicycles, producing the...

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How to lose money, SoftBank edition

Alex and Grace are back to cover the biggest and most interesting technology, startup and markets news. This morning was a fun mix of stuff that we...

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Lyft rides post-COVID recovery to record earnings, but faces inflationary headwinds

Lyft was able to take advantage of severe internal cost-cutting measures combined with a post-COVID boom in travel to help it deliver its highest...

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This startup just raised $320M to make long-term care inside hospitals obsolete

Cera, a UK provider of healthcare inside people’s homes augmented by a platform that allows carers to monitor a patient’s health and potentially...

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Lyft assured no layoffs were coming. Now employees are scrambling for their next gig.

The day before Lyft shut down its in-house rental service and laid off close to 60 employees, the team in charge of the program was consumed by what...

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Can Alto succeed at employee-driven ride-hail?

Alto's end game is to create the vehicle-operating platform now that can, in the future, be used with autonomous vehicles.

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Lyft lays off about 60 employees, shutters in-house car rentals program

Lyft has joined the ranks of tech companies trimming its workforce. The news of the layoffs, initially spotted in LinkedIn posts by now-former Lyft...

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The Station: Tesla leads in ADAS crashes, gig companies lose battle in MA

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend...

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Massachusetts court rejects ballot to define gig workers as contractors

Massachusetts court ruled to throw out a proposed ballot measure that would, if passed, define gig workers as independent contractors rather than...

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Hyundai plans to spend $10B on EVs, AVs and robotics in the US by 2025

Hyundai said it plans to invest more than $10 billion toward accelerating electrification and autonomous vehicle technology in the U.S. by 2025. Part...

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Argo AI launches driverless autonomous vehicle testing in Miami, Austin

Argo AI, the autonomous vehicle technology company backed by Ford and Volkswagen, is launching driverless operations in Miami and Austin, a...

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The Envoy Gateway project wants to bring Envoy to the masses

The Cloud Native Computing Foundation (CNCF) is hosting its semi-annual Kubecon+ CloudNativeCon conference this week, so it’s maybe no surprise...

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European micromobility startup Reby acquired by PE player House of Lithium for $100M

Founded in 2018, European micromobility startup Reby took an interesting path. It deployed e-scooters in the city of Zaragoza (Spain), during the...

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Uber shareholders to vote on lobbying disclosure proposal

Uber shareholders will vote Monday on a proposal that, if approved, will compel the company to fully disclose its “direct and indirect lobbying...

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The Station: Lyft and Uber driver incentives, Formula 1 tech and unpacking Rivian’s $1.5B incentives package

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend...

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Lyft brings shared rides back to more U.S. cities in bid to win riders

Lyft is bringing back shared rides to San Francisco, San Jose, Denver, Las Vegas and Atlanta this May, the company announced on Thursday, noting that...

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The costs of driver incentives are weighing on Lyft, Uber

To understand the driver incentive issue in the wake of Q1 earnings, we’ll first explore Lyft’s situation, and then compare it to what Uber said.

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Lyft continues its COVID recovery, but investors are far from impressed

American ride-hailing company Lyft reported Tuesday its first quarter financial performance, a report that showed continued improvement from the loss...

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The Station: Lyft’s bikeshare play, Tesla’s Q1 warning and big bucks for Musk’s tunnel startup

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend...

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Lyft follows Uber’s lead and removes its mask mandate

Despite the ongoing COVID-19 pandemic, face masks are no longer required for Lyft riders and drivers. Yesterday, Florida federal judge Kathryn...

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Lyft doubles micromobility footprint with PBSC acquisition

Lyft has agreed to acquire PBSC Urban Solutions, a supplier for bikeshare equipment in technology, in a move that will double its scale in...

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Uber will no longer require riders or drivers to wear masks in the U.S.

"If you ever feel uncomfortable, you can always cancel the trip," the company said.

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Union.ai raises $10M to simplify AI and ML workflow orchestration

Union.ai, a startup commercializing the open source AI and ML orchestration library Flyte, has emerged from stealth with $10 million in venture...

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8 open source companies from YC Demo Day Winter ’22

Y Combinator’s Winter 2022 open source founders have interesting ideas up their sleeves, and some of them will let you join in on the fun of...

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The 25 crypto startups that Y Combinator is backing in its W22 batch

Crypto was big at YC this batch. Y Combinator Demo Days returned yet again with another ballooning heap of startups. In the old days, a gaggle of...

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Uber and Lyft drivers say fuel surcharge is ‘an insult to drivers’

A survey by The Rideshare Guy found 43% of Uber and Lyft drivers have quit or are driving less due to rising gas prices, despite added surcharge.

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You can find, and pay for, Spin scooters on Lyft’s app now

Shared micromobility company Spin and ride-hailing company Lyft are partnering to bring Spin electric scooters to the Lyft app in 60 U.S. markets by...

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