Recode Daily: Lyft pulls ahead of rival Uber by filing for an IPO
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Racing its ride-hailing rival Uber to an IPO, Lyft confidentially filed the paperwork to go public, putting it on pace for a listing in the first quarter of next year. Uber is not likely to arrive on a stock exchange until the middle of next year at the earliest. Here’s why Lyft, which las long been the No. 2 player in the U.S. ride-hailing dogfight, had to beat Uber to an IPO filing. For starters, by going public first, Lyft is defining its own category on the stock market rather than ceding that turf to Uber; it will also have first crack at public market investors who might feel they can’t invest in both companies. [Theodore Schleifer / Recode]
Google is launching a voice-driven version of Google News for smart speakers and phones. The company has spent the past year working with around 130 publishers to build a prototype of a news radio station that customers can control — using voice to skip stories, go back or stop and dive further into a given topic. It’s built using each story as an individual chunk, rather than a briefing of stories chunked together. Google has released specs for single-topic stories and will offer participating publishers some analytics — to start, how and where people are listening; some advertising will also be added eventually. [Laura Hazard Owen / Nieman Journalism Lab]