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Lyft puts $700K toward Oakland’s underserved communities – TechCrunch

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Lyft puts $700K toward Oakland’s underserved communities – TechCrunch

Lyft is donating $700,000 to TransForm, an organization focused on improving access to transportation in underserved areas throughout California. In partnership with Oakland Mayor Libby Schaaf, Lyft and TransForm will invest in a free bike library and community parklets in Oakland, Calif. Lyft will also offer free rides to low-income residents of Oakland.

“At Lyft, we believe it is our civic responsibility to make cities better places to live,” Lyft co-founder and President John Zimmer said in a statement. “We know that transportation is a major key to unlocking economic mobility. We also know that transportation has been inaccessible for far too many communities for far too long. We have a unique opportunity to set a new standard for transportation equity and inclusiveness.”

Lyft, which bought bike-share behemoth Motivate for about $250 million last July, is working with these organizations to figure out the best places to put bike-share stations. In addition to Lyft offering free rides and a $5 per month pass for bikes and scooters, the money will also enable East Oakland Collective to offer subsidized AC Transit passes for qualifying residents.

The $700,000 is specifically going toward TransForm partner organizations East Oakland Collective and Scraper Bikes. Those two organizations will focus on improving bike-share station placement and launching a community-run bike-lending library.

“The Scraper Bike Team is excited to be a partner on this program to empower black and brown residents and get more butts on bikes!” Scraper Bikes founder and Executive Director Champ Stevenson said in a statement.  “We’ll help make sure the programs and infrastructure reflect the existing community and culture here in deep East Oakland. We plan on employing folks from the community to assist with some of the equity work that will move Oakland in the direction we the people believe it needs to be moving in.”

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India’s top court finds Anil Ambani guilty on contempt in Ericsson case

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India's top court finds Anil Ambani guilty on contempt in Ericsson case

FILE PHOTO: Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group, addresses shareholders during the company’s annual general meeting in Mumbai, India, September 18, 2018. REUTERS/Francis Mascarenhas/File Photo

NEW DELHI (Reuters) – India’s Supreme Court said on Wednesday that Reliance Communications chairman Anil Ambani willfully did not pay 5.5 billion rupees to Swedish telecom equipment maker Ericsson, holding him guilty in a contempt of court case.

The court asked billionaire Ambani and two directors of RCom to pay 4.5 billion rupees to Ericsson within four weeks. They will face three months jail term if they fail to pay the amount, the court said.

The Swedish company signed a deal with RCom in 2014 to manage and operate its network and last year approached the court over unpaid dues of 5.5 billion rupees.

Reliance Communication said the company respect the court judgment and the “group shall comply with same.”

Reporting by Suchitra Mohanty; Writing by Rajendra Jadhav; Editing by Euan Rocha

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GM’s Arīv electric bikes are launching in Europe first

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Even though the company designed and engineered the bikes in Michigan and Oshawa, Ontario, it will release them in Germany, Belgium and the Netherlands first. GM says it chose those locations “due to the popularity of lithium-ion battery-powered e-bikes in those markets,” which makes sense if you think about it.

The compact e-bike called Arīv Meld will set customers back between €2,750 and €2,800 (approximately $3,200). Meanwhile, the folding e-bike called Arīv Merge, which users can fold up and roll on two wheels if they want to, will set buyers back between €3,350 and €3,400 (around $3,900). Both models are now available for pre-order on Bike Exchange and will start shipping in the second quarter of 2019.

Ariv

Arīv Meld

ArīvArīv Merge

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EU’s Vestager says not precluding Facebook case in future

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EU's Vestager says not precluding Facebook case in future

FILE PHOTO: The entrance sign to Facebook headquarters is seen in Menlo Park, California, on Wednesday, October 10, 2018. REUTERS/Elijah Nouvelage/File Photo

BRUSSELS (Reuters) – Facebook is not currently in EU regulators’ crosshairs but it may well be in future because of the crucial role played by data, Europe’s antitrust chief said on Tuesday.

European Competition Commissioner Margrethe Vestager’s comments came two weeks after the German cartel office ruled that the world’s largest social network abused its market dominance to gather information about users without their consent.

Vestager said she has no case against Facebook regarding its market power for now but nevertheless was monitoring the market.

“We have some concerns. One thing is that we don’t have an open case now, that doesn’t preclude we don’t have a case in future. We are looking at the market very closely,” she told a European Parliament hearing.

The European Commission has previously indicated that Facebook’s issues could be better handled by privacy enforcers rather than by competition regulators.

Vestager has taken on tech giants including Google and Qualcomm in recent years and handed down million-euro fines for abusing their market power.

Reporting by Foo Yun Chee; editing by David Evans

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