Acquisition
Lyft gets a toehold in Europe with FreeNow acquisition
Lyft gets a toehold in Europe with FreeNow acquisition Lyft has acquired mobility platform FreeNow, giving it its first major presence in Europe after years of operating exclusively in the US and Canada. The acquisition nearly doubles Lyft’s potential market and will aid the company as it competes with dominant player Uber in the European […]
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Mark Zuckerberg suggested spinning off Instagram
Mark Zuckerberg suggested spinning off Instagram Mark Zuckerberg suggested spinning off Instagram as a separate company around 2018, citing the potential for increased performance after break-up. Zuckerberg’s internal memo was displayed in court during his testimony in an FTC anti-monopoly case against Meta. Meta acquired Instagram in 2012 and WhatsApp in 2014, with Zuckerberg sensing […]
💻 Technology