Uber's losses grow, a Tesla whistleblower shares battery photos and Coinbase makes an acquisition. Here's your Daily Crunch for August 16, 2018. 1. Uber reports Q2 losses of $404 million, up 32 percent from Q1 Uber isn't required to publicly disclose its financial results, but it's been doing so for the past few quarters as it prepares to go public next year. The latest results: Gross bookings increased, but so did losses. "Going forward, we're deliberately investing in the future of our platform: big bets like Uber Eats; congestion and environmentally friendly modes of transport like Express Pool, e-bikes and scooters; emerging businesses like Freight; and high-potential markets in the Middle East and India where we are cementing our leadership position," said CEO Dara Khosrowshahi. 2. Tesla whistleblower tweets photos of allegedly damaged batteries Martin Tripp, the former Tesla employee who was fired from Tesla and then sued by the company, has tweeted a number of photos that allegedly show damaged batteries and flawed practices at Tesla's battery factory. 3. Coinbase acquires Distributed Systems to build 'Login with Coinbase' The idea is to create an identity platform for decentralized app developers, making it easier for their users to sign up and connect their crypto wallets. 4. The company behind BarkBox is opening an 'outdoor clubhouse' for Nashville's dogs Think of it as a mix between high-end dog park and hip coffee shop. 5. Cisco's $2.35 billion Duo acquisition front and center at earnings call In yesterday's earnings report, even before the ink had dried on the Duo acquisition contract, Cisco was reporting that its security business grew 12 percent year-over-year. 6. Tweetbot loses several key features ahead of Twitter's API change The changes mean that Tweetbot's timeline streaming is now disabled, so timelines will refresh every one to two minutes instead. 7. Nuro and Kroger are deploying self-driving cars for grocery delivery in Arizona today Nuro's intent is to use its self-driving technology in the last mile for the delivery of local goods and services. This pilot will serve a single Fry's Food and Drug location in Scottsdale. |
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