Mar 29, 2019
Tech Tent: Apple, Lyft and feel-good tech
That sums up the fortunes of ride-share firm Lyft, a rival to Uber that isn't yet in the UK. And yet within minutes of its launch on the New York Stock Exchange it had soared to a valuation of $30bn. Annabelle Timsit, from the news website QZ, told me on the latest programme that investors "Want to believe" that after a couple of years of investment Lyft will start to turn a profit - and early indications suggested that she was right as we watched the share price shoot up. We also looked at Apple's big announcements earlier this week - not a gadget in sight but a number of new or enhanced services, including a credit card with some pretty competitive offerings. Are people sick of paying subscriptions, and why has Apple rushed out its TV streaming announcement without the details in place of how much it will cost? Finally, from grandparents discovering Facetime to new mums finding new friends, we ended the programme on a positive note - looking at tech that's genuinely served a good purpose.
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