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NYC congestion worsens … Cook presses Trump on tariffs … and more of today’s tech news

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The Latest

NYC streets “more congested than ever”
According to the Department of Transportation's annual mobility report, citywide bus speeds are at their lowest in a decade (7.58 mph), while annual For-Hire Vehicle trips have exploded to nearly 316 million – a 90 percent increase since 2010 (Gothamist).

Tim Cook presses Trump on trade war
President Donald Trump says Apple CEO Tim Cook “made a very compelling argument” that tariffs on China will hamper Apple’s ability to compete with Samsung after the pair had dinner on Friday night at the president’s golf club in Bedminster, New Jersey (The Verge).

Customs computer failure snarls passengers at U.S. airports
A computer system used to usher arriving passengers through customs at airports suffered a nationwide failure for a couple of hours on Friday, causing delays and leaving frustrated travelers waiting hours to be processed (The New York Times).

U.S. set to give Huawei another 90 days to buy from American suppliers
The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers (Reuters).

Terrorists turn to Bitcoin
in recent months, government authorities and organizations that track terrorist financing have begun to raise alarms about an uptick in the number of Islamist terrorist organizations experimenting with Bitcoin and other digital currency (The New York Times).

Opinion

Big Tech wants to be your landlord now! Isn’t that great?
All we need to do is convince a tech company to massively expand its presence in New York City and spend a few more years mounting a grassroots public relations campaign to make that company feel at least slightly embarrassed about how it’s making housing prices more expensive (The Real Deal).

Analysis

What does it even mean to be a tech company in 2019?
WeWork, which leases office space to people and businesses, is valued at a whopping $47 billion – more than 10 times higher than its bigger rival IWG, which is considered a real estate company but does the same thing (Recode).

New money-laundering rules change everything for cryptocurrency exchanges
The rules, which call on exchanges to share personal information about their users with each other, are controversial and many cryptocurrency enthusiasts think the privacy that drew people to the technology could evaporate (MIT Technology Review).

Profile

How Payal Kadakia danced her way to a $600 million start-up
The daughter of Indian immigrants went to MIT and worked at Bain & Company before founding ClassPass, a New York City-based company operating in more than 20 countries and worth more than $600 million (The New York Times).

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