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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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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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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An independent research group called Gig Compare just published research on driver earnings if Prop 22 was to pass. In short, the company’s have been lying about Prop 22 and earnings are likely to be way below minimum wage. Gig Compare set up to bring transparency to the gig economy. This research is based on thousands of pay statements provided by workers to Gig Compare.Q3 2020 hedge fund letters, conferences and moreUber & Lyft Have Been Lying About Prop 22 And Minimum WageWhen I say Gig Compare is independent, that's what it means. The No on Prop 22 campaign hasn't paid Gig Compare a cent, ...
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Gig Workers Rising statement on new polling showing Prop 22 failing to get majority supportQ3 2020 hedge fund letters, conferences and moreProp 22 Failing To Get Majority SupportToday, a new poll showed that, despite a 10-1 funding advantage by gig companies like Uber and Lyft, support for Prop 22 is still neck-and-neck with opposition in California and that support for the measure is failing to reach the 50% + 1 it will need to become law.The new poll from the Institute for Governmental Studies at U.C. Berkeley shows that support for Proposition 22 is still tied with the opposition, despite n...
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“Cheaters Don’t Get to Write Their Own Rules” – After Appeals Court Orders Uber, Lyft to Follow the Law – Rideshare Drivers Urge Voters to Reject App Company’s Attempt at Exploiting Workers by Voting NO on Prop 22Q3 2020 hedge fund letters, conferences and moreApp Companies Dump More Money and Threats into $200 MILLION Campaign to Shut Down Basic Rights and Protections for DriversStop The Cheaters From Writing Their Own Law With Prop 22Sacramento, CA — After last night’s appeals court ruling that ordered Uber and Lyft to comply with existing law that requires them to classify drivers as employ...
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