Street Fight Daily: Uber CEO Berates Driver on Video, Yelp Buys Nowait for $40 Million

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A roundup of today’s big stories in hyperlocal publishing, marketing, commerce, and technology…

In Video, Uber CEO Argues with Driver Over Falling Fares (Bloomberg)
The video shows off Kalanick’s pugnacious personality and short temper, which may cause some investors to question whether he has the disposition to lead a $69 billion company with a footprint that spans the globe.

Yelp Acquires Restaurant Tech Startup Nowait in $40 Million Deal (VentureBeat)
Founded out of Pittsburgh in 2010, Nowait integrates its technology with that of restaurants to streamline and optimize front-of-house operations, including table turnover and waiting lists.

Cheetah Ads Debuts, Racing to Make Mobile Ads Smarter Through AI (Street Fight)
Mobile app and content developer Cheetah Mobile has taken the wraps off its rebranding today, and is showing off the renewed focus of its mobile ad business. The move is intended to unify elements of the company — in particular utility apps and mobile content — for mobile advertising.

Snap, On Cusp of IPO, Looks Set for Strong Debut (WSJ)
As Snap Inc. prepares to price its initial public offering, fear of missing out on the deal appears to be one of investors’ biggest concerns.  The parent of the popular disappearing-message app Snapchat is on track to price its initial public offering above its target of $14 to $16 a share, people familiar with the offering said.

Square’s Caviar Now Lets People Order Food Ahead of Pickup (TechCrunch)
Caviar, the on-demand food delivery startup owned by Square, is expanding into the pickup game. Starting today, customers in San Francisco, the San Francisco East Bay Area, Los Angeles and Portland can order food via Caviar for pickup.

Hearst Invests in Artificial Intelligence and Augmented Reality (eMarketer)
The century-old company isn’t just playing around with cutting-edge tools—rather, Hearst is using them to develop a New Age marketing and analytics workflow that delivers real business value. 

Layoffs at NYC Hyperlocal News Site (Crain’s New York Business)
Hyperlocal news organization DNAinfo New York, which has been bankrolled since its 2009 founding by Chicago billionaire Joe Ricketts, has just laid off some of its higher-profile talent.

Matt DeRienzo on How Local Independent Online News is Like Craft Beer (Poynter)
When Matt DeRienzo started working with Local Independent Online News Publishers two years ago, he thought the local news business had hit the bottom of cuts and layoffs. He was wrong.

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Joe Zappa is the Managing Editor of Street Fight. He has spearheaded the newsroom's editorial operations since 2018. Joe is an ad/martech veteran who has covered the space since 2015. You can contact him at [email protected]