Would you take $550 a month from Lyft to ditch your car?

Uber and Lyft have famously destroyed the taxi industry by enabling anyone with a not-too-beat-up Toyota Corolla to start carrying passengers for money. But it’s also no secret that down the line, both companies want to challenge traditional car ownership as a concept. For Uber, that means heavy investment (by whatever means!) in autonomous vehicles. For Lyft, that means a publicity stunt that will give 100 individuals in Chicago $550 a month in transport credits to give up their personal vehicle.

08.17.2018 17:39

Google’s location tracking could earn it yet another record fine from the EU

Google has been dealt two huge blows in Europe in recent years, where antitrust investigations have ruled the company abused is position in search as well as in the mobile market. The company received two record fines as a result, which added up to more than €6.74 billion ($7.66 billion). On top of that, a third investigation is in the works and could bring over additional fines. A few days ago, an Associated Press investigation found that location tracking isn’t disabled when you think you’ve “paused” it because tracking continues in various Google apps, including Maps, Search, and others, regardless of your Location History setting. There’s one way to try to stop Google’s tracking, but that involves going into your Google account’s settings to make sure your web and other activity aren’t tracked. That solution isn’t exactly clear to the user, especially if one believes that simply pausing tracking is enough to prevent it.
08.17.2018 17:14

Investors are tired of Uber losing money on self-driving cars

The amount Uber has spent on its self-driving car unit — between $125 million and $200 million a quarter over the past 18 months — equals between 15% and 30% of the company’s quarterly losses, reports The Information. The revelation shows how costly the unit is for Uber. CEO Dara Khosrowshahi is facing pressure from some investors who think the costly unit should be divested. Over the past three years, Uber has spent at least $2 billion in the unit. 
08.17.2018 17:08

FDA Approves First Contraceptive Mobile App

An app that tracks women’s fertility cycles gained approval from the U.S. Food and Drug Administration as a contraceptive. Natural Cycles uses a woman’s body temperature to tell her when she isn’t fertile. The process known as “fertility awareness” or the “rhythm method” has been used for decades but has generally not been recommended by medical professionals. The app, which is reportedly used by 900,000 people, claims to have a 93% effectiveness. Natural Cycles was already certified in the EU.
08.17.2018 17:04

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