Tuesday, June 1, 2021

10 things in tech: Uber fare rises, Instagram algorithm change, Zoom's wild year

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10 THINGS IN TECH YOU NEED TO KNOW TODAY

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1. Fares for Uber and Lyft are rising as the two ride-hailing apps struggle to find enough drivers. Uber prices were up as much as 40% year on year in April. More on the price rises here.

2. Instagram tweaked its algorithm after being accused of censoring pro-Palestinian content. The company confirmed it would now give equal weight to original posts, plus re-shared posts. Here's what we know.

3. Lemonade rival Wefox is now worth $3 billion. Investors have piled into insurance startups that want to disrupt the traditional industry with the use of AI. More on Wefox's giant funding round here.

4. The inside story of Zoom's extraordinary, chaotic year. 2020 was a year unlike any other as the video-chat app scrambled to keep up with unprecedented demand, unimaginable challenges, and skyrocketing revenue. How it handled the pandemic — and is preparing for what comes next.

5. Microsoft said the group behind the SolarWinds attack is targeting government agencies, NGOs, and think tanks. The Russian group has employed a massive phishing email campaign, sending about 3,000 malicious emails to accounts across 150 different organizations. What we know so far.

6. Twitter has a new $3-a-month subscription service called "Twitter Blue." The new service will offer an "undo tweet" button and let you customize colors in the app. Here's what else you can expect (and a sneak peek of the new features).

7. Amazon is installing tiny "AmaZen'' booths for exhausted employees. The phonebooth-sized kiosks allow employees to meditate, receive positive affirmations, and listen to calming sounds. Amazon deleted a video it posted of the rooms — but you can still watch it here.

8. A class-action lawsuit claims Google paid women nearly $17,000 less per year than men. The claimants represent 10,800 women who say Google pays women less than men for the same job. Here's what you need to know. 

9. Ashton Kutcher and Jennifer Lopez stand to make a lot of money when Acorns goes public. The investing app is soon going public in a SPAC deal that values the company at $2.2 billion. These are the other celebs and companies set for a big payday.

10. Salesforce revealed revenue for MuleSoft and Tableau for the first time. Each saw a growth in revenue, showing the success of Salesforce's acquisition strategy — a good sign for its pending Slack deal. Here's what analysts said.


Compiled by Jordan Erb. Tips/comments? Email jerb@insider.com or tweet @JordanParkerErb.

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