Today’s pick
Uber Reaches Deal to List All New York City Taxis on Its App. Uber is becoming friends with a former foe. The company has reached an agreement to list all New York City taxis on its app, an alliance that could ease the ride-hailing giant's driver shortage and temper high fares while… (Preetika Rana / Wall Street Journal)
Instacart Slashes Its Valuation by Almost 40% to $24 Billion. Instacart Inc. is slashing its valuation by almost 40% to about $24 billion, a move it says will help the company attract talent and adapt to market conditions. The company had been valued at $39 billion in its most recent fundraising round, when… (Jackie Davalos / Bloomberg)
Apple will reportedly sell the iPhone as a subscription service. Apple is reportedly working on selling iPhones and iPads themselves as part of a hardware subscription service, according to a new report from Bloomberg, whose author Mark Gurman writes the service could arrive next year. (Chaim Gartenberg / The Verge)
Why energy insecurity is here to stay. Energy and commodities lie at the dark heart of Vladimir Putin's regime and the threat it poses to the world. Four trillion dollars of oil and gas exports over the two decades of his rule have paid for the tanks, guns and Grad missiles now killing… (The Economist)
An Amazon drone crash in Oregon set a wheat field ablaze. An Amazon drone crashed during a test flight in Oregon last summer, setting off a brush fire. Amazon's drone delivery program has been plagued by internal conflict, high turnover, and delays. Wing, a drone project from Amazon rival Google, has… (Katherine Long / Business Insider)
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🚕 Uber Reaches Deal to List All New York City Taxis on Its App