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Sunday, April 14, 2019 4:59:07 PM
By Victoria Cavaliere, CNN Business
Updated 2:56 PM ET, Sun April 14, 2019
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CUPERTINO, CA - MARCH 25: Ann Thai, senior product marketing manager of the App Store at Apple Inc., speaks during a company product launch event at the Steve Jobs Theater at Apple Park on March 25, 2019 in Cupertino, California. Apple announced the launch of it's new video streaming service, unveiled a premium subscription tier to its News app, and announced it would release its own credit card, called Apple Card. (Photo by Michael Short/Getty Images)
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Présentation du robot-voiturier à l'aéroport de Lyon Saint Exupéry par la compagnie Stanley Robotics. Enlévement de la voiture avant de la garer sur une place de parking.
This robot named Stan can park your car at the airport
lg display tv oled portable zw gr orig_00000819.jpg
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Tyler 'Ninja' Blevins streams himself playing the popular video game Fortnite. Blevins is considered one of the most popular video gamers in the world making over $500,000 per month playing the game.
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NEW YORK, NY - AUGUST 8: After dropping off passengers at a Broadway play, Johan Nijman, a for-hire driver who runs his own service and also drives for Uber on the side, drives through the West Side of Manhattan on Wednesday evening, August 8, 2018 in New York City. On Wednesday, New York City became the first American city to halt new vehicles for ride-hail services. The legislation passed by the New York City Council will cap the number of for-hire vehicles for one year while the city studies the industry. The move marks a setback for Uber in its largest U.S. market. Nijman, a member of the Independent Drivers Guild who has been driving in various capacities since 1991, says the temporary vehicle cap is a good start but he would like to see the city do more to deal with the over-saturation of vehicles and new drivers. (Photo by Drew Angerer/Getty Images)
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CUPERTINO, CA - MARCH 25: Ann Thai, senior product marketing manager of the App Store at Apple Inc., speaks during a company product launch event at the Steve Jobs Theater at Apple Park on March 25, 2019 in Cupertino, California. Apple announced the launch of it's new video streaming service, unveiled a premium subscription tier to its News app, and announced it would release its own credit card, called Apple Card. (Photo by Michael Short/Getty Images)
Apple launches game subscription service
Video gaming recognized as a high school sport
This controversial app tracks nearby danger in real time
See the Galaxy Fold, Samsung's new foldable phone
Présentation du robot-voiturier à l'aéroport de Lyon Saint Exupéry par la compagnie Stanley Robotics. Enlévement de la voiture avant de la garer sur une place de parking.
This robot named Stan can park your car at the airport
lg display tv oled portable zw gr orig_00000819.jpg
LG says these are the TVs of the future
Tyler 'Ninja' Blevins streams himself playing the popular video game Fortnite. Blevins is considered one of the most popular video gamers in the world making over $500,000 per month playing the game.
Here's how he makes $500,000 per month playing video games
Here's why 5G is the future
Here's how Lyft became the 'friendly' rideshare app
NEW YORK, NY - AUGUST 8: After dropping off passengers at a Broadway play, Johan Nijman, a for-hire driver who runs his own service and also drives for Uber on the side, drives through the West Side of Manhattan on Wednesday evening, August 8, 2018 in New York City. On Wednesday, New York City became the first American city to halt new vehicles for ride-hail services. The legislation passed by the New York City Council will cap the number of for-hire vehicles for one year while the city studies the industry. The move marks a setback for Uber in its largest U.S. market. Nijman, a member of the Independent Drivers Guild who has been driving in various capacities since 1991, says the temporary vehicle cap is a good start but he would like to see the city do more to deal with the over-saturation of vehicles and new drivers. (Photo by Drew Angerer/Getty Images)
Uber files to go public
A Wing drone in flight in Australia.
Google's Wing launches drone delivery in Australia
Nintendo announces 'Mario' and 'Zelda' in virtual reality
20190403-snapchat-games-main
See Snapchat's new social games
How influencers keep their #ads and their audiences
Will memes be illegal? EU's copyright overhaul, explained
CUPERTINO, CA - MARCH 25: Ann Thai, senior product marketing manager of the App Store at Apple Inc., speaks during a company product launch event at the Steve Jobs Theater at Apple Park on March 25, 2019 in Cupertino, California. Apple announced the launch of it's new video streaming service, unveiled a premium subscription tier to its News app, and announced it would release its own credit card, called Apple Card. (Photo by Michael Short/Getty Images)
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New York (CNN)Lyft has pulled from service all of its on-demand electric bicycles in New York, Washington DC and the San Francisco Bay area after some riders reported issues with the brakes.
"We recently received a small number of reports from riders who experienced stronger than expected braking force on the front wheel. Out of an abundance of caution, we are proactively removing the pedal-assist bikes from service for the time being," the company said in a blog post.
About 3,000 bikes will be pulled from service and will be replaced with regular bicycles. Altogether Lyft operates about 20,000 bikes in those three cities, with a mix of electric and regular models.
"After a small number of reports and out of an abundance of caution, we are proactively pausing our electric bikes from service in three markets. Safety always comes first," Lyft spokesperson Julie Wood said on Sunday.
The company said it has been "hard at work on a new pedal-assist bike," and the model will be rolled out soon.
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Lyft last year became the largest bikeshare operator in the United States when it acquired Motivate, owners of New York's Citi Bike and DC's Capital Bikeshare. That expanded its for-hire bikes to cities including Chicago, Boston, and Portland.
Lyft, which went public in March, has set out to end car ownership, primarily in the United States, with a suite of alternative transportation options. In addition to ride-sharing and bikes, the company has expanded into carpooling and scooter rentals.
The company beat its chief rival, Uber, to an IPO. According to its IPO prospectus, Lyft's share of the US ride-hailing market spiked to 39% in December 2018 from 22% at the end of 2016.
Lyft's Wall Street debut is seen as a bellwether for the long list of billion-dollar tech startups expected to go public later this year, including Pinterest, Slack, Postmates. Uber filed paperwork last week for what is expected to be the biggest public offering of the year.
Lets exchange member marks and exchange market moving information today!
All my posts are strictly my opinion only! Please do your own DD.
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