Tuesday, June 12, 2018

Uber slims down its app for the developing world. It's The Daily Crunch.

THE DAILY CRUNCH
TUESDAY, JUNE 12 2018 By Anthony Ha

Uber announces a Lite version of its app, Facebook answers congressional questions and Instagram becomes more shoppable. All that and more in The Daily Crunch for June 12, 2018.

1. Uber bets on developing world growth with low-data Uber Lite

The company rethought its app to work on older phones and slower networks — the Android app, which is launching today in India before rolling out to other countries, takes up just 5 megabytes.

"The next hundreds of millions of riders for us are going to come from outside of the United States," according to Uber's Peter Deng.

2. Here are 454 pages of Facebook's written follow-up answers to Congress

If you're interested in combing through the 454 pages worth of explanations on everything from accusations of conservative censorship to Cambridge Analytica, you can dig into the documents, embedded in this post.

3. Instagram adds shopping tags directly into Stories

Starting today, hitting a little shopping bag sticker in a Story will lead you to more details on the cute and/or dope thing that caught your eye and how to score it.

4. Why Bozoma Saint John is leaving Uber for Endeavor

Bozoma Saint John is leaving her role as Uber's chief brand officer. She told us that at entertainment behemoth Endeavor, she can change the narrative around diversity and inclusion.

5. Coinbase will add Ethereum Classic to its exchange 'in the coming months'

Coinbase may be one of the most-lauded crypto exchanges, but it supports just four coins right now. That's about to change.

6. Now Snapchat lets you unsend messages like Facebook promised

Hold down on a text, image, video, memory, sticker or audio note in a one-on-one or group chat Snapchat message thread and you'll see a Delete button. Tap it, and Snapchat will try to retract the message.

7. Primary Venture Partners raises $100M to invest in NYC startups

Primary's approach has resulted in some big successes already, like Jet.com (acquired by Walmart for $3.3 billion) and Coupang (valued at $5 billion).

Get more stories at techcrunch.com 

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