Daily Crunch: Lyft debuts on Nasdaq

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1. Lyft prices IPO at top of range

Lyft raised more than $2 billion Thursday afternoon after pricing its shares at $72 apiece, the top of the expected range of $70 to $72 per share. This gives Lyft a fully diluted market value of $24 billion.

The company is debuting on the Nasdaq stock exchange today, trading under the ticker symbol “LYFT.”

2. How Apple Card works

Overall, the Apple Card has some relatively unique and interesting takes on data transparency for users, who are getting what appears to be an information-rich — but easy to interpret — interface, along with a solid set of security features.

3. Huawei books $8.8B profit for 2018 as consumer devices become top moneymaker

Despite an ongoing tussle with the U.S. government, signs look positive for Huawei. The Chinese firm just released its end of year report for 2018 and profit is up 25 percent to 59.3 billion CNY, or $8.84 billion, thanks to its fast-growing smartphone and devices business.

Roger Nielsen of of Daimler Trucks, Michael Fleming of Torc Robotics

4. Daimler Trucks buys a majority stake in self-driving tech company Torc Robotics

The companies said that the partnership will see Torc working with Daimler Trucks’ developers to move into the trucking market, while maintaining the Torc name, team and facilities.

5. Facebook launches searchable transparency library of all active ads

Facebook’s Ads Archive that launched in May 2018 previously only included ads related to politics or policy issues, but now shows all active ads about anything.

6. Sinemia says canceled accounts are defense against subscriber misuse

A new statement says the company conducted “a detailed fraud and misuse detection analysis earlier this month,” and has removed around 3 percent of accounts due to “misuse or fraudulent activity” since the beginning of March.

7. Snap CEO’s sister Caroline Spiegel starts a no-visuals porn site

The 22-year-old college senior tells TechCrunch that on April 13th she’ll launch Quinn, which she describes as “a much less gross, more fun Pornhub for women.”

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Max Q: Psyche(d)

In this issue: SpaceX launches NASA asteroid mission, news from Relativity Space and more. © 2023 TechCrunch. All rights reserved. For personal use only. from TechCrunch https://ift.tt/h6Kjrde via IFTTT

Max Q: Anomalous

Hello and welcome back to Max Q! Last week wasn’t the most successful for spaceflight missions. We’ll get into that a bit more below. In this issue: First up, a botched launch from Virgin Orbit… …followed by one from ABL Space Systems News from Rocket Lab, World View and more Virgin Orbit’s botched launch highlights shaky financial future After Virgin Orbit’s launch failure last Monday, during which the mission experienced an “anomaly” that prevented the rocket from reaching orbit, I went back over the company’s financials — and things aren’t looking good. For Virgin Orbit, this year has likely been completely turned on its head. The company was aiming for three launches this year, but everything will remain grounded until the cause of the anomaly has been identified and resolved. It’s unclear how long that will take, but likely at least three months. Add this delay to Virgin’s dwindling cash reserves and you have a foundation that’s suddenly much shakier than before. ...

What’s Stripe’s deal?

Welcome to The Interchange ! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann Stripe eyes exit, reportedly tried raising at a lower valuation The big news in fintech this week revolved around payments giant Stripe . On January 26, my Equity Podcast co-host and overall amazingly talented reporter Natasha Mascarenhas and I teamed up to write about how Stripe had set a 12-month deadline for itself to go public, either through a direct listing or by pursuin...

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