Welcome to another edition of The Under60 Daily - a brief rundown of the top happenings in the business world, compiled by hand to exclude the clutter and ensure you get up to speed in under a minute.
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[M&A] Woven Planet Holdings, a subsidiary of Toyota, is set to acquire Lyft's autonomous vehicle division for $550 million in cash. Previously, Uber had sold its autonomous vehicle division to Aurora, a company founded by the former head of Google's self-driving project.
Over60: The Verge
[Privacy] Apple iOS 14.5 updates are set to land sometime next week and bring a host of interesting features such as unlocking your phone with Face ID without taking your mask off. Apple is also releasing a new requirement for users to give explicit permission for apps to track them across the internet, a move that has roiled Facebook, which relies on data collection to target ads. With there being nearly a billion iPhone users, this move will likely shake up the digital advertising industry.
Over60: CNN Business
[Earnings] OnlyFans, the platform for sex workers and celebrities to sell subscription content, has boomed during the pandemic, with transactions rising seven-fold to £1.7 ($2.05) billion. The group's popularity exploded during lockdowns, taking it from less than 20m users before Covid-19 struck to more than 120m, as bored consumers went online for entertainment and out-of-work entertainers turned up to provide it.
[Earnings] Tesla reported a record-high net income of $438 million on sales of $10.39 billion. The company also noted a $101 million profit from the sale of Bitcoins, the cryptocurrency that Tesla customers can purchase cars with.
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