Friday, December 7, 2018

Huawei's CFO is arrested in Canada

THE DAILY CRUNCH
THURSDAY, DECEMBER 6 2018 By Anthony Ha

Huawei's CFO is arrested, Lyft files to go public and a major health-tracking feature goes live on the Apple Watch. Here's your Daily Crunch for December 6, 2018.

1. Huawei CFO arrested in Canada, awaits US extradition

Meng Wanzhou, the chief financial officer of Huawei, has been arrested in Vancouver, Canada on suspicion she violated U.S. trade sanctions against Iran.

Huawei confirmed the news with TechCrunch, adding that Meng — the daughter of Huawei founder Ren Zhengfei — faces unspecified charges in the Eastern District of New York, where she had transferred flights on her way to Canada.

2. Lyft files IPO documents with SEC

In a confidential filing with the SEC, Lyft did not state the number of shares it expects to offer, nor the price range. But Lyft says it expects to make its initial public offering after the SEC finishes its review process.

3. The Apple Watch's ECG feature goes live today

ECG/EKG was easily the new Apple Watch's most lauded feature. It's also been the most delayed.

4. Seized cache of Facebook docs raise competition and consent questions

A U.K. parliamentary committee has published the cache of Facebook documents it dramatically seized last week. The documents were obtained via legal discovery process by a startup that's suing the social network in a California court.

5. Magic Leap loses two women from top executive positions

The augmented reality startup's two female C-suite executives, Chief Marketing Officer Brenda Freeman and Chief Business Officer Rachna Bhasin, have recently both stepped back into advisory roles at the company.

6. Looker snags $103M investment on $1.6B valuation

The company has 1,600 customers and just crossed the $100 million revenue run rate — a significant milestone for any enterprise SaaS company. What's more, it reports revenue is still growing 70 percent year-over-year.

7. Google is killing off Allo, its latest messaging app flop

Allo, goodbye.

Get more stories at techcrunch.com 

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