Tech Brew Ride Home Thu. 08/20 – Lyft Ends Service In California At Midnight
Aug 20, 2020
Facebook takes a stand by removing thousands of QAnon groups to combat online violence. Airbnb gears up for an IPO while ThredUp plans its own. Exciting developments in battery tech promise to phase out cobalt, boosting sustainability. DoorDash dives into grocery delivery to challenge giants like Amazon. Also, Palantir’s potential exit from Silicon Valley raises eyebrows, as Lyft suspends its services in California over legal challenges.
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Facebook Cracks Down on QAnon
- Facebook removed 790 QAnon groups, restricted others, and blocked related hashtags.
- This highlights growing concern over QAnon's increasing influence and potential for violence.
Airbnb's IPO Filing
- Airbnb filed for a traditional IPO after initially planning a direct listing.
- The company's plans shifted due to the pandemic's impact on travel and expiring employee stock options.
ThredUp's Upcoming IPO
- Online thrift shop ThredUp plans an IPO for early next year, aiming to raise $200-$300 million.
- The company has seen growth during the pandemic as sales shifted online.