Wednesday, August 28, 2019

Peloton finances revealed

THE DAILY CRUNCH
WEDNESDAY, AUGUST 28 2019 By Anthony Ha

We get details about Peloton's finances, Anthony Levandowski faces federal charges and Fitbit's future is focused on software. Here's your Daily Crunch for August 28, 2019.

1. Peloton files publicly for IPO

Peloton previously filed a confidential S-1, but now its IPO documents have been revealed publicly, showing that the fitness tech company brought in $915 million in revenue during its most recent fiscal year, with losses of $245.7 million.

Co-founder and CEO John Foley laid out a grand vision in the documents, writing that "Peloton is so much more than a Bike — we believe we have the opportunity to create one of the most innovative global technology platforms of our time."

2. Anthony Levandowski, former Google engineer at center of Waymo-Uber case, charged with stealing trade secrets

If convicted, Levandowski faces a maximum sentence of 10 years and a fine of $250,000 — plus restitution — for each violation, according to the U.S. Attorney's office.

3. Fitbit's CEO discusses the company's subscription future

At a small event in Manhattan this week, Fitbit laid out its future for the press. Tellingly, the event was far more focused on the company's software play. (Extra Crunch membership required.)

4. US border officials are increasingly denying entry to travelers over others' social media

The latest case saw a Palestinian national living in Lebanon and would-be Harvard freshman denied entry to the U.S. just before the start of the school year.

5. ThoughtSpot hauls in $248M Series E on $1.95B valuation

ThoughtSpot was started by a bunch of ex-Googlers looking to bring the power of search to data. Seven years later the company is growing fast, sporting a valuation of almost $2 billion and looking ahead to a possible IPO.

6. Google will shut down Google Hire in 2020

Google built Hire in an effort to simplify the hiring process, with a workflow that integrated into Google's G Suite things like searching for applicants, scheduling interviews and providing feedback about potential hires.

7. Rwanda to phase out gas motorcycle taxis for e-motos

The government of Rwanda will soon issue national policy guidelines to eliminate gas motorcycles in its taxi sector in favor of e-motos.

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Tuesday, August 27, 2019

Smartphones sales decline again

THE DAILY CRUNCH
TUESDAY, AUGUST 27 2019 By Anthony Ha

Smartphone sales keep falling, Yelp introduces personalized search results and Enjoy raises $150 million. Here's your Daily Crunch for August 27, 2019.

1. Smartphone sales declined again in Q2, surprising no one

After years of growth, the smartphone market's recent slide has continued in the second quarter of 2019, according to Gartner.

It's not a huge decline — 1.7% year over year — but this could turn into an ongoing problem for manufacturers. And the biggest hit is coming at the high end of the market, as higher prices combine with longer refresh cycles and fewer compelling features.

2. Yelp will let users personalize their homepage and search results

If you're a vegetarian, or if you're a parent who's usually looking for kid-friendly restaurants, you no longer have to reenter that information every time you do a search. Instead, you can enter it once and Yelp will prioritize those results moving forward.

3. Ron Johnson's e-commerce startup Enjoy raises $150M, expands in U.K.

Through partnerships with other companies, including AT&T, Sonos, Google and now EE, Enjoy creates an online mobile store where customers can shop for devices and receive same-day delivery. They can also opt to have an Enjoy expert deliver the item and help them get set up, free of charge.

4. Can Fairphone 3 scale ethical consumer electronics?

Fairphone, the Dutch social enterprise that's on a mission to rethink the waste and exploitation that underpins the business of consumer electronics, announced its third smartphone today.

5. Facebook is working with HackerOne on a bug bounty program for its Libra cryptocurrency

Facebook is moving ahead with its cryptocurrency project, even as government regulators have called for the company to suspend it while they assess its legality.

6. The BBC is developing a voice assistant, code named 'Beeb'

Why is a publicly funded broadcaster ploughing money into developing a voice assistant? A BBC spokesperson said the intent is to "experiment with new programmes, features and experiences without someone else's permission to build it in a certain way."

7. How to use Amazon and advertising to build a D2C startup

In-depth tips from VMG Ignite, a consultancy that's worked with dozens of direct-to-consumer startups trying to both find product-market fit and achieve scale through Amazon and online advertising. (Extra Crunch membership required.)

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