Uber was valued at $70 billion most recently, but that could inflate to $120 billion with a planned initial public offering next year, The Wall Street Journal reports, citing proposals by banks bidding to run the offering. Rival Lyft is also planning a 2019 IPO, and the two ride-hailing companies are expected to provide a crucial market test for businesses that have yet to turn a profit.
Instagram now has 1 billion users worldwide, and growth is driven largely by its Stories feature with 400 million daily active users. Looking ahead, Stories is expected to move to the forefront due to its social media popularity and a growing focus by advertisers.
Google has introduced a licensing fee for European smartphone makers to access its Google Play app store and will offer separate licenses for its suite of apps such as Search, Maps and Chrome. The announcement comes after the EU fined the company $5 billion for violating antitrust regulations.
Startup Ludenso is looking for ways to make augmented reality more accessible to consumers with its MagiMask head-mounted display. "Our low cost and innovative technology will enable developers around the world to have the hardware tools they need to reach millions of customers and give tech enthusiasts the opportunity to own an AR headset without having to spend thousands of dollars," CEO Eirik Wahlstrom says.
Technology gift buying this holiday season is projected to hit a record $96 billion, per the Consumer Technology Association. CTA estimates that this year, 164 million adults in the US will purchase technology gifts, such as smart speakers.
Developers will have a new way to automate workflows and create code inside GitHub containers with Actions, one of several new features GitHub is introducing. Another addition is unified contributions, which allows developers to get credit for their past work on business repositories.
A study by Stanford University that filtered out all the bogus and form-letter comments on the Federal Communications Commission's proposal to eliminate internet neutrality found 99.7% of entirely unique commenters opposed the decision. Earlier studies found the majority of form-letter comments also were in opposition.
Google's Pixel 3 is underlining the usefulness of artificial intelligence in smartphones, as the phone itself seems designed to serve AI functions, write Khari Johnson and Kyle Wiggers. Meanwhile, Brian Heater delves into the hardware changes for the new device, including a larger 5.5-inch screen, dual-facing front cameras and wireless charging.