Summary: Lyft’s third-quarter earnings show a sequential increase in active ridership, with 22.4 million active riders in Q3 compared to 19.6 million in Q1 Lyft’s revenue per active rider has increased to $51.67 in Q3, up from $47.51 in Q2 While Lyft’s gross bookings are up 3% QoQ, Uber’s gross bookings increased by 7% between…
Summary: Robotics funding in the US market has seen another decline in 2023. Investments in robotics startups have dropped from $5 billion in 2022 to $2.7 billion this year. The decline can be attributed to a decrease in initial excitement and macro trends affecting VC investments. However, robotics remained steady compared to other categories in…
Summary: Rocket Lab reported $68 million in revenue for the third quarter, with $46.3 million from its space systems division. Rocket Lab had two successful launches in the third quarter, including one with a previously flown Rutherford engine. The company received approval from the FAA to resume Electron launches after an anomaly caused the loss…
Summary: Start-up, Mogul Club, has raised $3.6 million in funding as part of its effort to make real estate investing more accessible. The company is a fractional real estate investment platform built on the blockchain. Mogul Club offers properties that have gone through rigorous diligence and underwriting, with less than 1% making it onto the…
Summary: Lyft is introducing a new product called “Extra Comfort,” which aims to offer a more affordable and higher-end ride experience. The Extra Comfort ride includes newer cars, more experienced drivers, extra legroom, and the ability to choose a quiet ride. The product will be priced $1 to $2 above normal rides and is similar…
Summary: The UK’s online safety regulator, Ofcom, has released draft guidance on how user-to-user services should respond to illegal content, prioritizing the protection of children. Recommendations include preventing child users from appearing in others’ connection lists, not making children’s connection lists visible to others, and not allowing direct messages from accounts outside a child’s connection…
Summary: Disney is considering its options in India after its streaming platform Hotstar experienced a dip in subscribers. Hotstar lost 2.8 million subscribers in the quarter ending September, bringing the total number of losses in the past year to around 23 million. However, Hotstar has regained many subscribers and attracted non-paying users back to the…
Summary: Several VC firms, including Catalyst Fund, ALIAVIA Ventures, Greylock, Garuda Ventures, The House Fund, and Bee Partners, have recently announced new funds to invest in pre-seed startups. The decline in pre-seed deals and fund performance can be attributed to higher valuations, investors being cautious, and the challenge of reaching Series A. Investing in pre-seed…
Summary: Mozilla has launched its first large language model (LLM), Fakespot Chat, which uses AI to help online shoppers research products. Fakespot Chat can answer questions about products or suggest questions that could be useful for product research. The AI agent uses AI and machine learning to sort through product reviews and determine which ones…
Summary: A startup is looking to participate in the next H-1B lottery to fill open positions. There are currently 9.6 million job openings in the U.S. tech industry but only 6 million unemployed people looking for work. The proposed fee increases for the H-1B lottery have not gone into effect yet, but they are expected…