Connect with us

Technology

Why micromobility may emerge from the pandemic stronger than before – News Brig

Erin Fox

Published

on

Why micromobility may emerge from the pandemic stronger than before – TechCrunch

Since its inception, shared micromobility services have been in a precarious position — one supported by millions of dollars in venture capital. But the COVID-19 pandemic has brought even more turmoil upon an industry that has long struggled with unit economics. It has led to mass layoffs, operation shutdowns across several markets and more consolidation.

Despite the struggles of individual operators, micromobility as technology will come out of this stronger than before, industry analyst Horace Dediu tells News Brig.

Dediu, an analyst who coined the term “micromobility” and founded Micromobility Industries, sees the silver lining in the pandemic for micromobility as it relates to the adoption of public transit alternatives. With ongoing concerns about the disease and social distancing, consumers may look to alternative modes of transportation — ones that require fewer interactions with strangers. But simply because a certain technology takes off doesn’t mean the current slate of operators will benefit.

“The companies involved may not survive a crisis,” Dediu says. “We don’t remember the fact there were 3,000 automobile companies in the United States prior to Henry Ford’s Model T. We don’t remember all the electrical suppliers out there and the consolidation that took place in the electrical field with Westinghouse. There’s a lot of historic references we can cite. But the fact of the matter is that up until the crisis there was an over-investment where probably too much capital was allocated to the industry chasing business models which are not sustainable…I think there will be a washout with a kind of consolidation and we’re seeing that already.”

Earlier this month, for example, Uber sold off JUMP to Lime, while simultaneously leading a $170 million investment in the micromobility startup. That funding round brought Lime’s valuation down 79%, to $510 million, according to The Information. Last April, Lime was valued at $2.4 billion.

From television to the internet platform, Erin switched her journey in digital media with News Brig. She served as a journalist for popular news channels and currently contributes his experience for News Brig by writing about the tech domain.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

EA allows ‘Madden NFL 21’ Xbox Series X upgrades until ‘NFL 22’ arrives

Erin Fox

Published

on

EA allows 'Madden NFL 21' Xbox Series X upgrades until 'NFL 22' arrives

When EA first introduced an option to upgrade the Xbox One version of Madden NFL 21 to the Xbox Series X release for free, it gave players until March 31st, 2021 to make the decision. That’s not much time if you aren’t dead set on buying the Series X right away, is it? You won’t have to stress quite so much going forward, however. EA has quietly updated

its “Next Level” teaser page to extend the upgrade period until the arrival of Madden NFL 22. You can buy the Xbox One edition a few months after the fact and still have some time to decide if you want Microsoft’s next-gen console.

The site was updated “earlier this week,” an EA spokesperson told Polygon (via Operation Sports). The publisher had intended to formally announce the upgrade extension, but pushed it back as part of efforts to give the spotlight to anti-racism protests. EA delayed its Play event and the Madden NFL 21 introduction to June 11th.

Continue Reading

Technology

Facebook issues new recommendations for discussing racism in groups

Erin Fox

Published

on

Facebook issues new recommendations for discussing racism in groups

Facebook’s efforts to address a surge in social turmoil will extend beyond reviewing its policies. The company has posted recommendations (via The Verge) for group operators to help them address “race and social issues,” such as the Black Lives Matter protests gripping the US and numerous other countries. They’re logical, but are clearly built in direct response to discussions becoming increasingly political between anti-racist activism and the looming US presidential election.

The social network suggests that groups should have administrators and moderators from “impacted communities,” for a start. They should also review rules and outline them for group members, even if it means forbidding certain topics or requiring post approval. Facebook also wants group leaders to be open to member input, however, and they may have to accept that the nature of a group might evolve or even prompt the creation of another group.

Continue Reading

Technology

Some iPhone 11 models display a green tint after unlocking

Erin Fox

Published

on

Some iPhone 11 models display a green tint after unlocking

A number of iPhone users are seeing a strange green tint on their devices’ displays for a few seconds after unlocking, and it’s still unclear what’s causing the phenomenon. Based on the complaints posted on Reddit and the MacRumors forum, the most affected devices are the ‌iPhone 11‌, 11 Pro and 11 Pro Max. However, some iPhone X and XS users seem to be experiencing the issue, as well.

Several users are saying that the green tint only shows up when they have Dark Mode and Night Shift on or if they’re in dark room. Affected users are also reporting that the issue popped up after iOS 13.4 came out, though there are those who’ve only noticed it after upgrading to iOS 13.5. At least one user says the green tint disappeared

upon installing iOS 13.5.5, which is currently in beta, so it’s looking more likely that it’s a software issue. We’ve reached out to Apple for a statement and will update you when we hear back — if it is a software issue, then the tech giant is bound to roll out an update that’ll fix it in the future.

Continue Reading

Trending