Welcome to the Tech Mem Right Home for Friday, August 9th, 2019. I'm Brian McCullough.

Today, Uber and Lyft continue to lose money hand over fist.

Huawei has a backup OS plan.

Piano has a smarter paywall for news outlets.

People are texting their number neighbors.

And of course, the weekend long read suggestions.

Here's what you miss today in the world of tech.

Uber has reported Q2 earnings and let's hit the good news first.

Uber's revenues of 3.17 billion dollars were up 14% year over year and gross bookings of 15.8 billion

were up 31% year over year. Also Uber Eats continues to be a bright spot with revenue of $585 million up 72% year over year.

The number of Eats users grew 140% year over year with 99 million active customers on that platform.

Now though for the bad news, quoting the New York Times.

For the second quarter, Uber said it lost 5.2 billion dollars, the largest loss since

it began disclosing limited financial data in 2017.

A majority of that, about $3.9 billion was caused by stock-based compensation

that Uver paid its employees after its IPO.

Excluding that one-time expense, Uber lost $1.3 billion or

nearly twice the $878 million that it lost a year earlier. On that same basis and excluding other costs the company said

it expected to lose 3 billion to 3.2 billion dollars this year."

Now back to that report of Uber's revenue growing 14% year over year. That

actually wasn't the greatest news in the world because that represents the

slowest quarterly growth rate Uber has ever disclosed.

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