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  • Lyft stock falls on earnings, outlook

    Lyft stock falls on earnings, outlook


    Lyft (LYFT) shares fell sharply in after-hours trading after posting its fourth quarter results.

    Revenue of $1.55 billion was about in line with the Bloomberg consensus estimate of $1.56 billion. Active riders and rides data were also in line with expectations.

    For the first quarter, Lyft sees adjusted EBITDA of about $90 million to $95 million compared to the Wall Street estimate of $93.7 million. It sees gross bookings in a range of $4.05 billion to $4.2 billion which fell short of the $4.23 billion analysts had been expecting.

    Lyft also announced a share buyback plan of up to $500 million.

    Market Domination Overtime Anchors Josh Lipton and Julie Hyman recap Lyft’s results in the video above.

    To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

    This post was written by Stephanie Mikulich.



    Lyft stock falls on earnings, outlook

    Ridesharing giant Lyft saw its stock price tumble after reporting disappointing earnings and an uncertain outlook for the future. The company reported a wider-than-expected loss in the most recent quarter, as well as lower-than-anticipated revenue.

    Investors were also concerned about Lyft’s outlook for the rest of the year, as the company warned of challenges ahead due to rising costs and increased competition in the ridesharing industry. Lyft’s stock fell more than 10% in after-hours trading following the earnings report.

    The company’s struggles come as the ridesharing industry continues to face scrutiny over issues such as driver pay and safety concerns. Lyft’s main competitor, Uber, has also faced challenges in recent months, as both companies grapple with regulatory and legal battles around the world.

    Despite the setbacks, Lyft remains optimistic about its long-term prospects and is focused on expanding into new markets and growing its user base. However, investors will be closely watching to see if the company can turn things around in the coming quarters.

    Tags:

    Lyft stock, earnings, outlook, Lyft stock news, stock market, ridesharing industry, Lyft stock price, Lyft earnings report, Lyft stock analysis, stock market update, Lyft stock performance, Lyft stock forecast, Lyft stock news today, Lyft stock market news

    #Lyft #stock #falls #earnings #outlook

  • ‘I can fit in that car’: Detroit rapper sues after Lyft driver says she won’t fit in his vehicle, refuses ride


    Detroit rapper ‘Dank Demoss’ denied Lyft ride due to her size

    A Detroit rapper is going viral for something other than her music. Fans know her as ‘Dank Demoss,’ and they’re fuming after a Lyft driver allegedly denied her a ride because of her size.

    DETROIT (FOX 2) – A Lyft driver denied a Detroit rapper a ride because of her size – and now she’s suing.

    Dajua Blanding, known on stage as Dank Demoss, requested a ride to a Detroit Lions watch party earlier this month. However, when the driver arrived, he saw Blanding and told her he couldn’t give her a ride because of her weight. Blanding was recording the encounter.

    The backstory:

    At first, the driver told Blanding she wouldn’t fit in his sedan.

    “I can fit in this car,” she can be heard saying, to which he responded, “Believe me, you can’t.”

    The driver then told Blanding his tires couldn’t handle the weight, apologized, and mentioned ordering an Uber XL – a larger vehicle. He added that he would refund the ride so she wouldn’t be charged.

    Blanding says she could have fit.

    “I’ve been in cars smaller than that,” she told FOX 2. “I just want them to know that it hurt my feelings.”

    Blanding has retained attorneys Jonathan Marko and Zach Runyan to sue for discrimination.

    What they’re saying:

    “I knew that it was illegal, and I knew that it was wrong,” Marko said.

    He said weight is a protected characteristic in Michigan. Marko said that denying someone a ride based on their weight would be the same as denying someone because of their race or religion – at least under the law.

    Lyft drivers can turn down passengers for perceived security threats, but Marko said they cannot deny a ride based on protected characteristics.

    The other side:

    Lyft released a statement:

    “Lyft unequivocally condemns all forms of discrimination—we believe in a community where everyone is treated with equal respect and mutual kindness. Our community guidelines and terms of service explicitly prohibit harassment or discrimination.”

    What’s next:

    The rideshare company has been served with the lawsuit.

    The Source: FOX 2 interviewed Dajua Blanding and attorney Jonathan Marko for this story. 

    NewsDetroit



    Detroit rapper, MC Rhyme Queen, is taking legal action against Lyft after a driver refused to give her a ride, claiming she wouldn’t fit in his vehicle. The incident occurred when Rhyme Queen, who is known for her fierce lyrics and confident attitude, requested a ride to a studio session.

    Upon arrival, the Lyft driver allegedly looked at Rhyme Queen and told her she wouldn’t be able to fit in his car due to her size. Despite Rhyme Queen’s protests and insistence that she could indeed fit in the vehicle, the driver refused to give her a ride.

    Feeling discriminated against and humiliated, Rhyme Queen is now suing Lyft for discrimination and emotional distress. She believes that no one should be denied a ride based on their appearance or size, and she is determined to fight for justice and equality.

    In a statement, Rhyme Queen said, “I may be a big girl, but that doesn’t mean I can’t fit in a car. I deserve the same respect and treatment as any other passenger, and I won’t stand for this kind of discrimination. I will continue to speak out against injustice and fight for my rights.”

    Lyft has not yet responded to the lawsuit, but Rhyme Queen’s fans and supporters are rallying behind her, offering their solidarity and encouragement. Stay tuned for updates on this developing story.

    Tags:

    1. Detroit rapper
    2. Lyft driver
    3. Lawsuit
    4. Discrimination
    5. Ride refusal
    6. Car size
    7. Lawsuit against Lyft
    8. Detroit rapper sues
    9. Vehicle accommodation
    10. Passenger rights

    #fit #car #Detroit #rapper #sues #Lyft #driver #wont #fit #vehicle #refuses #ride

  • Dallas Love Field relocates Uber Lyft pickup spot again

    Dallas Love Field relocates Uber Lyft pickup spot again


    A Hilton in the center of Dallas has new owners with big plans for the property including a rooftop bar. According to a release, Charter Holdings and The Liberty Group have acquired the Tru by Hilton Dallas Market Center, a 152-room lodging located at 1949 N. Stemmons Fwy., with a major renovation that’ll create Dallas’ largest open-air rooftop bar.

    The acquisition represents a strategic investment for both Charter Holdings and The Liberty Group Charter Holdings has expertise in Dallas real estate while The Liberty Group has a track record with Hilton-branded properties.

    Charter Holdings president Ray Washburne says in a statement that “the Tru by Hilton Dallas Market Center aligns perfectly with our strategy of investing in high-quality assets in prime Dallas locations. We’re particularly excited about transforming the rooftop into a destination bar that will offer unparalleled views of the Dallas skyline.”

    The rooftop bar is a key part of the plan. It will be operated by M-Crowd, Ray Washburne’s restaurant group which owns Mi Cocina, and will serve great food and drinks including their famous Mambo Taxis.

    “We’re creating more than just a bar; we’re designing a rooftop destination that will become a must-visit spot in Dallas,” Washburne says. “Guests can expect top-notch cuisine, craft cocktails, and an atmosphere that captures the essence of Dallas nightlife, all while enjoying breathtaking views of the city.”

    Tru by Hilton Dallas Market CenterTru by Hilton Dallas Market CenterTru by Hilton

    Tru by Hilton is a midscale brand launched by Hilton in 2016. They’ve seen rapid growth, currently boasting more than 250 open hotels worldwide with additional properties in development. The brand is known for its innovative design, affordable pricing, and appeal to cross-generational travelers.

    The Liberty Group operates various Hilton properties, including full-service, focused-service, and extended-stay brands across multiple markets.

    “As Dallas continues to flourish as a major economic and cultural hub, the hotel market is experiencing significant growth,” said Dan Klingerman, President of The Liberty Group. “This trend is fueled by strong demand from both business and leisure travelers, positioning the city for continued success in the hospitality industry.”

    Key features of the Tru by Hilton Dallas Market Center include:

    • A signature enlarged lobby with areas for work, play, dining, and lounging
    • Complimentary “Top It” breakfast bar24/7 “Eat. & Sip.” market with snacks and drinks
    • Modern fitness center
    • Efficient and streamlined room designs
    • Soon-to-be-renovated rooftop bar opening date TBA

    The hotel’s location in the Dallas Market Center area provides a prime spot for both business and leisure travelers. As part of the Hilton portfolio, the property participates in the Hilton Honors loyalty program.

    This acquisition aligns with the growing trend of Tru by Hilton properties changing hands, reflecting investor confidence in the brand’s performance and the strong fundamentals of the Dallas hospitality market.

    The timeline for the rooftop bar renovation will be announced in the coming months.



    Attention all Dallas Love Field travelers! The pickup spot for Uber and Lyft has been relocated once again. Starting today, passengers requesting rides from these popular ride-sharing services will need to head to the upper level of the terminal near the Departures area.

    This change is part of ongoing efforts to improve traffic flow and reduce congestion at the airport. The new pickup spot is conveniently located near the curbside, making it easier for passengers to quickly connect with their drivers.

    Please be aware of the new location and plan accordingly when requesting a ride from Uber or Lyft at Dallas Love Field. Thank you for your cooperation and safe travels!

    Tags:

    Dallas Love Field, Uber pickup spot, Lyft pickup spot, Love Field relocation, Dallas transportation, ride-sharing in Dallas, Love Field airport, Dallas travel updates

    #Dallas #Love #Field #relocates #Uber #Lyft #pickup #spot

  • Fast Company Magazine Apr 2016 Alphabet Larry Page Google Lyft WeWork Business

    Fast Company Magazine Apr 2016 Alphabet Larry Page Google Lyft WeWork Business



    Fast Company Magazine Apr 2016 Alphabet Larry Page Google Lyft WeWork Business

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    Fast Company Magazine Apr 2016: A Look Inside the Innovative Minds of Alphabet, Larry Page, Google, Lyft, and WeWork

    In the April 2016 issue of Fast Company Magazine, readers are treated to an in-depth look at some of the most innovative companies and leaders in the business world today. From the cutting-edge technology of Alphabet (Google’s parent company) to the entrepreneurial spirit of WeWork, this issue is packed with fascinating insights and stories.

    One of the key features in this issue is a profile of Larry Page, the co-founder of Google and current CEO of Alphabet. Page is known for his visionary approach to technology and his commitment to pushing the boundaries of innovation. The article delves into Page’s background, his leadership style, and his vision for the future of Alphabet.

    Another highlight of the April 2016 issue is a deep dive into the world of Lyft, the popular ride-sharing company that has been disrupting the transportation industry. The article explores Lyft’s rapid growth, its unique business model, and its commitment to creating a more sustainable and equitable transportation system.

    Readers will also find a fascinating feature on WeWork, the co-working giant that has revolutionized the way people work and collaborate. The article examines WeWork’s rapid expansion, its innovative approach to office design, and its impact on the future of work.

    Overall, the April 2016 issue of Fast Company Magazine is a must-read for anyone interested in the latest trends and developments in the business world. With its focus on Alphabet, Larry Page, Google, Lyft, and WeWork, this issue offers a captivating glimpse into the minds of some of the most influential leaders and companies of our time.
    #Fast #Company #Magazine #Apr #Alphabet #Larry #Page #Google #Lyft #WeWork #Business