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Archivo del Autor: Belen De Leon

Lyft lost $1.14B in Q1 2019 on $776M in revenue

In its first-ever earnings report as a public company, Lyft (NASDAQ: LYFT) failed to display progress toward profitability.

The ride-hailing business, which raised $2 billion in a March initial public offering, posted first-quarter revenues of $776 million on losses of $1.14 billion, including $894 million of stock-based compensation and related payroll tax expenses. The company’s earnings surpassed Wall Street estimates of $740 million in revenue on $274.1 million, or $3.77 a share, in losses.

Lyft began rising in after-hours trading as a result.

“The first quarter was a strong start to an important year, our first as a public company,” Lyft co-founder and chief executive officer Logan Green said in a statement.  “Our performance was driven by the increased demand for our network and multi-modal platform, as Active Riders grew 46 percent and revenue grew 95 percent year-over-year. Transportation is one of the largest segments of our economy and we are still in the very early stages of an enormous secular shift from personal car ownership to Transportation-as-a-Service.”

The company said adjusted net losses came in at $211.5 million compared to $228.4 million in the first quarter of 2018. Next quarter, Lyft expects revenue of more than $800 million on adjusted EBITDA losses of between $270 million and $280 million. For the entire year, Lyft projects roughly $3.3 billion in total revenue on EBITDA losses of about $1.2 billion.

Lyft was the first of a cohort of venture-backed ‘unicorns,’ including Pinterest, Zoom and soon, Uber — which will make its long-overdue debut on the New York Stock Exchange later this week — to complete a public offering in 2019. Despite a sizeable IPO pop, Lyft shares have only sunk since its first appearance on the Nasdaq. Lyft hit a share price of $87 on its first day of trading, up from a $74 IPO price. However, in the weeks post-IPO its floated closer to the $60 mark, closing Tuesday down 2 percent at $59.41.

Lyft has never posted a profit and its founders John Zimmer and Green have made it clear they expect to invest in the company’s growth for the next several years as it expands its multimodal offerings and ultimately launches operations overseas.

“The road ahead represents a massive opportunity to serve our communities and drive value for our stockholders, Lyft’s co-founders wrote in the company’s IPO prospectus. “We take this responsibility to serve our communities and stockholders seriously, and we look forward to proving that with actions and results. If we told you we were building the world’s best canal, railroad or highway infrastructure, you’d understand that this would take time. In that same light, the opportunity ahead requires continued long-term thinking, focus and execution.”

This story is updating.


Source: TechCrunch

At Google I/O 2019, Google Announces Pixel 3a, Android Q, and More

The company rolled out an improved Assistant, some new phones, and updated Android OS, among other things, at its annual developers conference.
Source: Wired

Kotlin is now Google’s preferred language for Android app development

Google today announced that the Kotlin programming language is now its preferred language for Android app developers.

“Android development will become increasingly Kotlin-first,” Google writes in today’s announcement. “Many new Jetpack APIs and features will be offered first in Kotlin. If you’re starting a new project, you should write it in Kotlin; code written in Kotlin often mean much less code for you–less code to type, test, and maintain.”

It was only two years ago at I/O 2017 that Google announced support for Kotlin in its Android Studio IDE. That came as a bit of a surprise, given that Java had long been the preferred language for Android app development, but few announcements at that year’s I/O got more applause. Over the course of the last two years, Kotlin’s popularity has only increased. More than 50% of professional Android developers now use the language to develop their apps, Google says, and in the latest Stack Overflow developer survey, it ranks as the fourth-most loved programming language.

With that, it makes sense for Google to increase its Kotlin support. “We’re announcing that the next big step that we’re taking is that we’re going Kotlin-first,” Chet Haase, Chief Advocate for Android, said.

“We understand that not everybody is on Kotlin right now, but we believe that you should get there,” Haase said. “There may be valid reasons for you to still be using the C++ and Java programming languages and that’s totally fine. These are not going away.”


Source: TechCrunch

Google now lets developers build games for its smart displays

At its I/O developer conference, Google today announced that it is opening up its Smart Display platform to developers. Until now, there was no real way for developers to target devices like the newly-renamed Nest Hub. Only Google’s own first-party services got full access to the display. Now, however, Developers will be able to start developing Google Assistant actions for these displays, starting with games.

I wouldn’t expect that we’ll see very complex and highly-graphical games on smart displays, but this is a good surface for word games or similar casual games. We are talking about relatively low-end hardware, after all. The fact that the games are based on HTML, CSS and JavaScript also enforces some limits to what developers can do with this platform. Given that Google itself is now using its Flutter multi-platform framework to build some of its own smart display experiences, chances are that developers, too, will be able to bring their games to these devices in the same way, too.

To enable this, Google is launching Interactive Canvas, a new API that allows developers to create full-screen experiences. This will actually work across Android and smart displays.

Over time, the company plans to open up the smart display platform to other third-party experiences as well. When exactly that will happen remains to be seen, though. The only timeline Google is committing to is ‘soon.’


Source: TechCrunch

Google launches new Assistant developer tools

At its I/O conference, Google today announced a slew of new tools for developers who want to build experiences for the company’s Assistant platform. These range from the ability to build games for smart displays like the Google Home Hub and the launch of App Actions for taking users from an Assistant answer to their native apps, to a new Local Home SDK that allows developers to run their smart home code locally on Google Home Speakers and Nest Displays.

This Local Home SDK, may actually be the most important announcement in this list, given that it turns these devices into a real hardware hub for these smart home devices and provides local compute capacity without the round-trip to the cloud. The first set of partners include Philips, Wemo, TP-Link and LIFX, but the SDK will become available to all developers next month.

In addition, this SDK will make it easier for new users to set up their smart devices in the Google Home app. Google tested this feature with GE last October and is now ready to roll it out to additional partners.

Developers who want to take people from the Assistant to the right spot inside of their native apps, Google announced a preview of App Actions last year. Health and fitness, finance, banking, ridesharing and food ordering apps can now make use of these built-in intents. “If I wanted to track my run with Nike Run Club, I could just say ‘Hey Google, start my run in Nike Run Club’ and the app will automatically start tracking my run,” Google explains in today’s announcement.

For how-to sites, Google also announced extended markup support that allows them to prepare their content for inclusion in Google Assistant answers on smart displays and in Google Search using standard schema.org markup.

You can read more about the new ability to write games for smart displays here, but this is clearly just a first step and Google plans to open up the platform to more third-party experiences over time.


Source: TechCrunch

Google launches Jetpack Compose, an open-source, Kotlin-based UI development toolkit

Google today announced the first preview of Jetpack Compose, a new open-source UI toolkit for Kotlin developers who want to use a reactive programming model similar to what React Native and Vue.js.

Jetpack Compose is an unbundled toolkit that is part of Google’s overall Android Jetpack set of software components for Android developers, but there is no requirement to use any other Jetpack components. With Jetpack Compose, Google is essentially bringing the UI-as-code philosophy to Android development. Compose’s UI components are fully declarative and allow developers to create layouts by simply describing what the UI should look like in their code. The Compose framework will handle all the gory details of UI optimization for the developer.

Developers can mix and match the Jetpack Compose APIs and view with those based on Android’s native APIs. Out of the box, Jetpack Compose also natively supports Google’s Material Design.

As part of today’s overall Jetpack update, Google is also launching a number of new Jetpack components and features. These range from support for building apps for Android for Cars and Android Auto to an Enterprise library for making it easier to integrate apps with Enterprise Mobility Management solutions and built-in benchmarking tools

The standout feature, though, is probably CameraX, a new library that allows developers to build camera-centric features and applications that gives developers access to essentially the same features as the native Android camera app.


Source: TechCrunch

Google's AI chips now can work together for faster learning – CNET

TPUs linked into “pods” let Google Cloud customers train their artificial intelligence systems faster.
Source: CNET

Pixel 3A specs vs. Pixel 3, OnePlus 6T, Moto G7 – CNET

See how Google’s new 2019 phones compare with the Moto G7 and last year’s Pixel and OnePlus models.
Source: CNET

Google's new Nest Hub Max smart display has a camera. Can you trust it? – CNET

The new smart display puts a camera that can recognize your face on your countertop. Does it do enough to protect your privacy?
Source: CNET

Chevy Bolt EV owner sues automaker because range drops in winter – Roadshow

The plaintiff alleges that his range dipped by 100 miles in the dead of winter, which the suit alleges is a defect.
Source: CNET

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