Lyft reports Q2 revenue of $339M, above expectations but down 61% YoY, as active riders drop 60% YoY to 8.7M; revenue per active rider was $39.06, down 2% YoY (Lora Kolodny/CNBC)

Lora Kolodny / CNBC: Lyft reports Q2 revenue of $339M, above expectations but down 61% YoY, as active riders drop 60% YoY to 8.7M; revenue per active rider was $39.06, down 2% YoY — - Ride-hailing company Lyft reported results for the period ending June 30, 2020, its first full quarter during the Covid-19 pandemic.
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Sources: the US is exploring whether it has legal authority to review Elon Musk's Twitter deal, which gives large foreign investors access to confidential data (Washington Post)

Washington Post: Sources: the US is exploring whether it has legal authority to review Elon Musk's Twitter deal, which gives large foreign investors access to confidential data — Terms of the deal give large foreign investors access to confidential information about the social media platform https://bit.ly/3TYS0ix

The Pentagon argues that a proposal from satellite company Ligado to meld satellite spectrum with a terrestrial 5G IoT network would interfere with GPS signals (Marguerite Reardon/CNET)

Marguerite Reardon / CNET: The Pentagon argues that a proposal from satellite company Ligado to meld satellite spectrum with a terrestrial 5G IoT network would interfere with GPS signals — Even as major players like Verizon and AT&T are rushing to roll out 5G, a little-known company is looking to build … https://bit.ly/2zFGmVA

Apple confirms that the Bluetooth AAC codec used by AirPods Pro and AirPods Max does not support Apple Music's new lossless streaming (Juli Clover/MacRumors)

Juli Clover / MacRumors: Apple confirms that the Bluetooth AAC codec used by AirPods Pro and AirPods Max does not support Apple Music's new lossless streaming — Apple today announced that starting in June, Apple Music songs will be available to stream in Lossless and Hi-Resolution Lossless formats … https://bit.ly/3uYdrDT

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