Lyft is launching a car rental service

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This week's highlights: Here's what fintech pros say are their top predictions for 2020, Ring security compromises could slow smart home adoption, Apple Card reportedly has high fees – facing merchant scrutiny, and much more
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December 21, 2019
Business Insider Intelligence
Lyft is launching a car rental service amid its profitability push
Ride-hailing giant Lyft announced an expanded launch of its car rental service in California after a limited debut last spring.

Users pick up and drop off their vehicles at select Lyft-branded parking lots, differentiating the service from other app-based car-sharing services that allow vehicles to be dropped off anywhere.

An app-based rental service could become a serious revenue generator for Lyft, as it won't carry the operational costs associated with brick-and-mortar rental businesses.

Lyft's entry into the tried-and-true car rental market supports the company's greater goal of becoming profitable by the end of 2021.

Business Insider Intelligence's George Paul has the full story.
BRIEFING HIGHLIGHTS
Here's what fintech pros say are their top predictions for 2020
Business Insider Intelligence's fintech research team asked industry leaders for their 2020 fintech predictions — and what didn't pan out in 2019.
Read More →
Ring security compromises could slow smart home adoption
A series of high-profile hacks on Ring video monitoring devices has put smart home security in the public spotlight – potentially stifling adoption.
Read More →
Apple Card reportedly has high fees – facing merchant scrutiny
Apple Card reportedly has high fees, which may face merchants' scrutiny since it approves subprime users who may not spend enough to justify the fees.
Read More →
Amazon is suspending FedEx amid a slip in delivery performance
Amazon is suspending the delivery of Prime packages via FedEx's ground delivery network due to its lackluster performance during the holiday season.
Read More →
These are the biggest fintech winners of 2019
Business Insider Intelligence has selected the most notable fintechs that made a meaningful impact on the global ecosystem in 2019.
Read More →
Medtronic purchases Klue to build out its line of diabetes devices
Medtronic scooped up Klue to leverage the startup's motion-tracking system that helps diabetes patients maintain healthy eating habits.
Read More →
Netflix released regional data for the first time in company history
Netflix has released historical revenue, subscriber, and average revenue per user breakdowns by region for the first time in company history.
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Venmo, Zelle set to battle for users amid PNC Bank connection issues
PNC Bank has suggested clients consider alternatives to Venmo, like Zelle, following connection issues caused by new security measures.
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Reliance Jio tower asset sale is indicative of industry trend
Indian telecom Reliance Jio sold its tower assets, likely hoping to cut costs and pay down debt as it expands the scope of its connectivity services.
Read More →
Facebook OS would help it break free from Google and Android
Facebook is reportedly developing its own operating system, a move that could help the company break free from Google and Android.
Read More →
RESEARCH IN FOCUS
The Buy Button Report
Companies have introduced buy buttons so consumers could skip the cumbersome steps required to input contact and payment information online. Major card networks have joined to introduce Secure Remote Commerce (SRC), which will provide a singular consistent buy button. This report lays out what SRC and its buy button are, how the button works for both consumers and merchants, and the obstacles between it and widespread adoption.
Get the Full Report  →
The Influencer Marketing Report
As influencers become more plentiful and proven, brand dollars have flooded into the space. Brands are set to spend up to $15 billion on influencer marketing by 2022, per Business Insider Intelligence estimates. This report gives actionable recommendations for how brands can effectively navigate this changing and expanding market to meet campaign goals, and how they can evolve their relationships with influencers.
Get the Full Report  →
Big Tech in Transportation
Business Insider Intelligence examines the moves that Alphabet, Apple, and Amazon are making to gain a larger foothold in the transportation industry. We outline potential next steps each may take based on those moves. Finally, we highlight the different strategies legacy auto firms will use to better compete as big tech companies raise their profiles in transportation.
Get the Full Report  →
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