 WEEKEND ROUNDUP | |
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Lyft reached a new milestone as it gains ground on Uber Lyft has announced that it now completes one million rides per day.
While Uber reached this milestone over two years ago, Lyft's accomplishment is indicative of its strong growth and status as a mounting threat to the world's most valuable tech startup.
The company is seeing rapid growth that's opening the door for further expansion. Lyft has posted 48 consecutive months of ride growth including a 137% rise in bookings in February 2017, compared with the same month a year prior.
BI Intelligence analyst Daniel Keyes has the full story. | |
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| In a new report, BI Intelligence explains why the chat app is the next frontier for commerce, and why payments functionality is a linchpin of that success Learn More → | | |
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| In a new report, BI Intelligence scopes the current market for robo-advisors, providing an updated forecast through 2022. In addition, we explain the different types of robo-advisors emerging, detail how startups and incumbents are working to ensure the success of their products, and outline what will happen to the market over the next 12 months. Learn More → | | |
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| In a new report, BI Intelligence details the the potential impact of the rise of economic nationalism in Western democracies on the global cross-border e-commerce market. Brexit, NAFTA's renegotiation, and potential disruptions to US-China trade relations could dramatically impact cross-border e-commerce between the UK and EU, and the US and China, Mexico, and Canada. These cross-border e-commerce corridors together make up around 20% of global cross-border e-commerce, and generate tens of billions in online sales for merchants today. Learn More → | | |
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| Ripple and SWIFT have been engaged in a race to develop a blockchain- or distributed ledger technology (DLT)-based banking solution for cross-border payments. Read More → | | |
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| The number of advertisers running programmatic ad campaigns declined by 12% year-over-year (YoY) in Q1 2017. Read More → | | |
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| Samsung has agreed to acquire Innoetics, a startup based in Greece that specializes in text-to-speech and voice-to-speech technology. Read More → | | |
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| PayPal and Apple have partnered to give users the ability to use PayPal as a payment method when paying for Apple's services, which includes the App Store, Apple Music, and iTunes, to name a few. Read More → | | |
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| Amazon's annual Prime Day promotion resulted in the biggest day of sales in the online retailer's history. Read More → | | |
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| Apple Pay continues to expand its global footprint, with more than 20 financial institutions across the US and Europe adding support for the mobile wallet. Read More → | | |
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| Cheaper plan rates and unlimited data plans are top of mind for US consumers who are considering switching their wireless provider over the next six months,. Read More → | | |
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| Authorities in Hong Kong put an end to a tax credit for electric vehicles that vastly reduced the cost of Tesla's cars on April 1, and in the subsequent months the automaker's sales in the territory dropped to zero. Read More → | | |
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| On Wednesday, Microsoft unveiled Seeing AI, an iOS app that uses the smartphone camera to tell visually impaired users what's in front of them. Read More → | | |
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Facebook supersedes YouTube for video advertisers  | |
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Apple Pay, Samsung Pay, and Android Pay have an enrollment problem  | |
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How Gen Z likes to shop for the holidays  | |
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