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Recode Daily: Uber’s flying-car chief is stepping down and winging it

Uber’s leader product officer, Jeff Holden, is leaving the corporate. Holden helped broaden Uber Pool and maximum just lately led Uber’s flying automobile effort, known as Lift. One of the most few holdouts at Uber who was once regarded as a part of ousted CEO Travis Kalanick’s internal circle, Holden notoriously helped Kalanick get a hold of one of the vital corporate’s extra debatable company values, similar to “all the time be hustlin’,” “principled war of words” and “toe-stepping.” [Johana Bhuiyan / Recode]

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Lyft is gaining on its larger ride-hailing rival, Uber — and its enlargement is being pushed via younger shoppers. Just about 78 p.c of people that downloaded Lyft within the remaining six months have been beneath 34; 66 p.c of Uber’s app installations have been from other people between 18 and 34. Uber has extra customers general, however normally, having a more youthful person base is crucial indication of long run enlargement for Lyft. [Rani Molla / Recode]

Amazon is still the arena’s No. 1 seller of sensible audio system via some distance — the corporate shipped 4 million voice-controlled Echo gadgets in Q1, claiming 43.6 p.c of the worldwide marketplace. [Juli Clover / MacRumors]

PayPal plans to spend $2.2 billion in money to shop for bills corporate iZettle — the Sq. of Europe —in its largest acquisition ever. The proposed deal would give PayPal a more potent foothold in Europe and an actual presence brick-and-mortar retail the place it is going to compete towards firms like U.S.-based Sq.. Primarily based in Stockholm, Sweden, iZettle had meant to move public quickly; PayPal’s be offering was once round double what iZettle was hoping to be valued at in its IPO.[Jason Del Rey / Recode]

Lightspeed Mission Companions needs to arrange a brand new cryptocurrency venture — an earmarked pool of money inside a larger fund to be spent only on crypto investments. Just about each and every top-tier company in Silicon Valley is deliberating how they must be arrange to be able to spend money on crypto, which some fans imagine is the following wave of innovation. [Teddy Schleifer / Recode]

Meet the unicorn hunters on this in-depth historical past a big gamble capital, which examines VC’s emergence because the lifeblood of the Silicon Valley tech business as army investment shrank within the 1950s, and what’s recently investment and difficult its world enlargement. Mission capital deploys about $84 billion in line with yr within the U.S., and the financing style has been replicated in all places the arena, particularly in burgeoning Asian tech ecosystems from Beijing to Bangalore. [Kim-Mai Cutler / Logic Magazine]


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