Industry News Update – Week of 1/22/2018

Adyen was preparing to select JPMorgan Chase & Co. and Morgan Stanley to underwrite its upcoming IPO. The company was planning to raise 1 billion euros and is expected to be valued between 5 billion euros to 10 billion euros in its IPO.

Instacart bought Unata, a Canadian shopping engagement platform, to spreadhead its expansion into Canada. The company’s goal is to provide its services to 80% of the Canadian population in the next 18 months.

Lyft released its 2017 Economic Impact Report where the company released several of its user metrics and related statistics. Lyft provided 375.5 million rides during 2017 which represents a 130% increase compared to the number of rides provided in 2016. The company offered its ride sharing services to 23 million different passengers during 2017, a 92% increase relative to the number of different passengers in 2016. Lyft had 1.4 million total drivers in 2017 which represents a 100% increase compared to its total number of drivers in 2016.

Spotify partnered up with eight media companies including Buzzfeed and Refinery29 to deliver its new "Spotlight" feature that offers political news podcasts. These podcasts will include visual elements along with audio to provide its users with an enhanced news broadcasting experience.

The news articles and links presented below are available for your reference.

ADYEN

"Tech Firm Adyen to Pick JPMorgan, Morgan Stanley on IPO"

INSTACART

"American Grocery Delivery Service Instacart Aims to Serve 80% of Canadians Within the Next 18 Months"

LYFT

"Lyft Says Nearly 250K of Its Passengers Ditched a Personal Car in 2017"

SPOTIFY

"Inside Spotify's Plan to Lure Listeners Away From Apple"