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Lyft lays off 17% of workforce, furloughs hundreds more

cnbc.com

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Re: Lyft lays off 17% of workforce, furloughs hundreds more

#591

Post by mydongle »

augustt wrote: post #268
rajup wrote: post #238

Earlier quoted context omitted.

Nobody suggested injecting bleach, please stop spreading exaggerated misinformation.

Really? Calling it bleach instead of disinfectant is the important source of misinformation here? The lengths people will go...

I have no dog in this fight, but totally natural and edible things like lemon juice and vinegar are also used as a disinfectant.

Sure bleach can be considered a disinfectant, but not all disinfectants are bleach. I do find it fun to extrapolate that Trump was telling people to go drink bleach and die though. Very entertaining during these lockdown times.

Re: Lyft lays off 17% of workforce, furloughs hundreds more

#592

Post by wutbrodo »

netcan wrote: post #103
stephencoyner wrote: post #19

This seems like a great time for Amazon or Google to buy Lyft. Amazon could bundle rides with package deliveries and get the pre-existing driver and passenger network from Lyft. Lyft was actually telling drivers to work with Amazon when the pandemic started (1). Waymo could take Lyft’s aggregated rider demand. They already have a partnership to transfer autonomous rides from Waymo to Lyft during bad weather situation…

a great time for Amazon or Google to buy Lyft ...What would they do with it? The business model (also uber) as-is makes a loss. Uber/Lyft's initial proposition was that once ride sharing incumbents were established, they'd have a software-ish monopoly and margins. This did not work out. Now the proposition is "When driverless cars get invented..." If google had a car that can drive itself, they can figure out an app.…

> The business model (also uber) as-is makes a loss.

Uber's ride-hailing business is profitable. They lose money because they subsidize Ubereats.

Re: Lyft lays off 17% of workforce, furloughs hundreds more

#593

Post by afterburner »

bilbo0s wrote: post #319
afterburner wrote: post #298

Earlier quoted context omitted.

Less gets done means the country gets worse and people get more radicalized trying to improve things. The polarization in the US is likely a direct result of the massive deadlock. Your strategy is one guaranteed to ruin your country.

There are democratic nations with many more parties than we have, and the quality of governance in many of these nations has proven to be as serviceable as the quality of governance in the US. (Some might even argue that many of these nations have displayed superior governance to the US despite the power being split up among so many parties that they need coalitions to accomplish the little they can get done.) I've n…

And most of those countries have proportional representation. Good luck changing that in the US.

Re: Lyft lays off 17% of workforce, furloughs hundreds more

#594

Post by three_seagrass »

MiroF wrote: post #129
three_seagrass wrote: post #84

Earlier quoted context omitted.

Creating new shares dilutes the existing share value. Paying employees in shares means you're diluting the stock value every time. Of course, for most publicly traded companies there are so many outstanding shares that this is negligible.

I thought most executive compensation was paid out of pre-allocated shares.

Most employees are not executives.

Re: Lyft lays off 17% of workforce, furloughs hundreds more

#595

Post by MiroF »

three_seagrass wrote: post #594
MiroF wrote: post #129

Earlier quoted context omitted.

I thought most executive compensation was paid out of pre-allocated shares.

Most employees are not executives.

If you scroll up, the question was "Aren't executives mostly paid in stock and bonus?"
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