Skip to content

Breaking News

Lyft cruising through Denver.
Denver Post File
Lyft cruising through Denver.

Lyft raking in the cash

Like the tortoise and the hare, on-demand transportation company Lyft is slowly but steadily gaining ground on its biggest competitor, Uber.

The San Francisco company, known for its glowing pink mustache, is on track to bring in $1 billion in gross revenue by year’s end, according to Lyft co-founder and President John Zimmer. It’s also claiming an impressive amount of market share in some of the country’s most tech-savvy cities. (Lyft car pictured in Denver)

Snapchat charging for fun stuff

Snapchat has another way to make money from its disappearing-message app: pay up, and the fun stuff won’t disappear.

The Snapchat app centers on ephemerality; most photos, videos and other content shared on Snapchat become inaccessible if not viewed within a certain time frame.

So does stuff used to garnish posts — including digital stickers called “geofilters” and animations that Snapchat calls “lenses.” On Friday, Snapchat said users could pay 99 cents per lens to keep the lenses they create — forever.

Bitcoin’s value surges

Long off the public radar, digital payment network bitcoin has been gaining momentum this fall, bolstering the views of some advocates that bitcoins will be a mainstream currency worldwide in the not-too-distant future.

The value of a bitcoin surged to more than $400 last week from its low this year of $177.28 in mid-January. Meanwhile, the technology known as blockchain that underlies bitcoin trading is slowly being adopted for uses far removed from currency.

Los Angeles Times