Month: July 2021

Enlarge (credit: LPETTET | Getty Images)

Netflix lost 430,000 subscribers in the US and Canada in the second quarter and issued weaker than expected forecasts for later in the year, rekindling investor doubts over how the streaming group will fare after the economic reopening.

The California-based company predicted it would add 3.5 million subscribers in the third quarter, disappointing investors who were looking for a stronger rebound in the second half of the year. Analysts had forecast that Netflix would add 5.9 million subscribers during the third quarter.

In the past year and a half, Disney, Apple, WarnerMedia, Comcast and others have launched streaming platforms, and there are more than 100 streaming services for consumers to choose from, according to data company Ampere.

Enlarge / Lyft will switch its map provider from Google to Here. (credit: Lyft)

The ride hailing company Lyft is changing up its maps, which until now have been powered by Google. Lyft will now use Here instead. Lyft says the switch means a better search database for places and addresses as well as more accurate predicted arrival times—two important things for a ride hailing company to get right.

"Over the past six months, we have worked in collaboration with Lyft to implement and test our robust destination catalog that helps riders get to more destinations in cities across North America. Our services are now enriching the Lyft network, spearheading innovation in the rideshare industry," said Here CEO Edzard Overbeek.

There may be other motivations for the switch. According to Lyft's head of rideshare, Ashwin Raj, the switch will "improve the efficiency of our marketplace," but the press release also explicitly mentions keeping user data private.

Enlarge / Lyft will switch its map provider from Google to Here. (credit: Lyft)

The ride hailing company Lyft is changing up its maps, which until now have been powered by Google. Lyft will now use Here instead. Lyft says the switch means a better search database for places and addresses as well as more accurate predicted arrival times—two important things for a ride hailing company to get right.

"Over the past six months, we have worked in collaboration with Lyft to implement and test our robust destination catalog that helps riders get to more destinations in cities across North America. Our services are now enriching the Lyft network, spearheading innovation in the rideshare industry," said Here CEO Edzard Overbeek.

There may be other motivations for the switch. According to Lyft's head of rideshare, Ashwin Raj, the switch will "improve the efficiency of our marketplace," but the press release also explicitly mentions keeping user data private.