Lyft
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Tech stocks lifted the Nasdaq to a small gain Thursday, but rival gauges slipped US Stocks drifted like a summer breeze on Thursday before settling mixed, portraying investors who’ve fixed their positions ahead of Friday’s US jobs report. The Nasdaq composite index, led by the world’s largest tech companies, continued to charm the market and settled up 0.4%, while the S&P 500 Index slipped 0.8% and the Dow Jones Industrial Average shed 0.3%. Q2 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorTrading across the S&P 500's 11 industry sectors was mixed as energy fe...
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Sidney Wolf, a 43-year-old man who used to work for the former governor of New York, Andrew Cuomo, was killed after being struck by a car early in the morning in Delaware a few days ago. Police say Wolf was standing on the highway after he and five friends were kicked out of a Lyft ride. Wolf was riding from Dewey Beach to Bethany Beach around midnight. A Delaware State Police report says “a disagreement occurred between the group and the Lyft operator. The Lyft operator terminated the ride and stopped in the middle of the southbound left lane and demanded all six passengers exit the vehicle.”...
uInterview.com
More than one in four S&P 400 constituents are down at least 20% this year. On the flip side, less than two dozen names are up 20% or more year-to-date. The rough start to 2022 for U.S. stocks is evident in virtually all broad indices (energy-focused benchmarks aside). Yet it is the mid-cap space where some of the most intriguing buy opportunities are forming. Q1 2022 hedge fund letters, conferences and more Buyers beware. While there are plenty of stocks trading at steep discounts to where they began the year, not all are bargains. Plenty could very well see more downside as the market punish...
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“The labour crunch has turned from a headache into a severe migraine for Lyft as it faces an uphill battle in the big fight to attract drivers back into its ranks. Lyft’s Labor Cost IssueAs demand for ride hailing services fell off a cliff during the pandemic, some of its most reliable recruits got out from behind the wheel and found new positions in other sectors. With hospitality also starved of staff as the economy re-opened it’s become tough to attract drivers back without the lure of bigger incentives. Instead of being seen as a nimble player using tech efficiencies to streamline costs, L...
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New York (AFP) - Just over 4,000 sexual assaults that occurred during Lyft trips were reported to the US ride-hailing company from 2017-2019, the firm said in its first-ever safety report. California-based Lyft, which faces sex assault lawsuits from passengers, had pledged transparency in 2019 after rival Uber released a report on safety matters. Lyft says that while sexual violence is statistically rare, it is a serious problem. "Behind every report is a real person and real experience, and our goal is to make each Lyft ride as safe as we possibly can," Jennifer Brandenburger, Lyft's direct...
AFP
Rowan Street Capital commentary for the second quarter ended June 30, 2021, discussing their investments in Spotify Technology SA (NYSE:SPOT) and Facebook, Inc. (NASDAQ:FB). Q2 2021 hedge fund letters, conferences and more Dear Partners and Friends, Rowan Street Capital celebrated its 6 year anniversary in March. It’s been an amazing and truly rewarding journey full of lessons, ups and downs, successes and challenges. In our very first letter to partners back in 2015 we wrote: “Our vision is to build something special at Rowan Street Capital where our partners can visualize themselves as part ...
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Whitney Tilson’s email to investors discussing PG&E Corporation (NYSE:PCG) ‘is a f**king no brainer’; the latest issue of Empire SPAC Investor; Twitter is stuck with itself, too; two more commentson Uber and Lyft. Q2 2021 hedge fund letters, conferences and more PG&E 'Is A F**king No Brainer'1) I continue to enjoy Hard Money's Million Dollar Podcast, hosted by my colleagues Enrique Abeyta and Gabe Marshank. They've turned $10,000 into $57,015 since they launched on February 2. In their latest episode (starting at 35:32), they discuss California utility PG&E (PCG), which Enrique says "is a f**k...
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Today the Markup published a story documenting Uber offering a driver in Atlanta $1,000 to keep quiet about his car getting carjacked by an Uber customer. They offered him the money on condition that he won’t sue them in the future. Q2 2021 hedge fund letters, conferences and more This is the first ever reporting of the existence of these payment offers to drivers to keep quiet. Uber Drivers Are Forced To Assume The Risk Of CarjackingHere’s Gig Workers Rising statement on this: “Because of Uber’s business model, when drivers accept a ride they are forced to assume all risk - they have no guara...
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Washington (AFP) - US ride-hailing service Lyft agreed to sell its autonomous driving division to a unit of Japan's Toyota for $550 million, the companies said Monday. The move follows a similar divestment from Uber last year, with ride-sharing firms focusing on core operations as they struggle during the coronavirus pandemic. The Lyft operation known as Level 5 will be folded into Woven Planet Holdings, a subsidiary of Toyota Motor Corporation, which will create a team of some 1,200 people working on self-driving technology in Japan, the United States and Britain. Lyft will receive some $550 ...
AFP
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