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Lyft President on Omicron Slump, Fallout Into 2022

Lyft President John Zimmer joins Emily Chang after the company reported fewer riders than analysts expected in the fourth quarter as Omicron damped travel. He also shares what he is thinking about driver supply and demand for the next quarter, and what Lyft can do to maintain its core business.

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Lyft President John Zimmer joins Emily Chang after the company reported fewer riders than analysts expected in the fourth quarter as Omicron damped travel. He also shares what he is thinking about driver supply and demand for the next quarter, and what Lyft can do to maintain its core business.

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4 Comments

4 Comments

  1. M St

    February 10, 2022 at 12:06 am

    Bullshit. Drivers make 0.90 per mile. Slave labor.

    • Rideshare Otter

      February 10, 2022 at 12:39 am

      .77 a mile in my market

  2. Rideshare Otter

    February 10, 2022 at 12:41 am

    what he is NOT telling you is that 80% of drivers ONLY last 3 months before they realize that the numbers they claim are NOT in all markets.

    AND!!! the “flexible hours” argument is complete bull … you need to drive when there is demand or you starve!!

  3. Roma

    February 10, 2022 at 1:28 am

    This business is not profitable

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Bloomberg Technology

Meta Settles Federal Social Media Addiction Trial | Bloomberg Tech 8/26/2026

Bloomberg’s Ed Ludlow explains why Meta agreed to pay up to $18 billion in landmark settlements to resolve allegations that the company deliberately designed Facebook and Instagram to encourage compulsive use among young users. Plus, Nvidia reports after the closing bell today. And, Southern Company CEO Chris Womack joins to discuss the AI boom’s impact…

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Bloomberg’s Ed Ludlow explains why Meta agreed to pay up to $18 billion in landmark settlements to resolve allegations that the company deliberately designed Facebook and Instagram to encourage compulsive use among young users. Plus, Nvidia reports after the closing bell today. And, Southern Company CEO Chris Womack joins to discuss the AI boom’s impact on the American power grid.

00:00:00 – Bloomberg Tech Begins
00:01:13 – Ian King, Bloomberg News
00:02:31 – Jordan Klein, Mizuho Securities
00:09:38 – JB McCuskey, West Virginia Attorney General
00:27:01 – Chris Womack, Southern Company
00:34:37 – Ann Miura-Ko, Floodgate
00:40:40 – Alexandra Levine, Bloomberg News
00:44:30 – Kunjan Sobhani, Bloomberg Intelligence
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Meta Settlement Sets Blueprint for TikTok, YouTube

Meta has agreed to pay up to $18 billion over ten years and adopt new protections for teenage users as part of a landmark settlement with states over its social media platforms. The company was sued by 29 state attorneys general, including West Virginia Attorney General JB McCuskey, who says the deal provides a “blueprint”…

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Meta has agreed to pay up to $18 billion over ten years and adopt new protections for teenage users as part of a landmark settlement with states over its social media platforms. The company was sued by 29 state attorneys general, including West Virginia Attorney General JB McCuskey, who says the deal provides a “blueprint” for pursuing TikTok, YouTube, and other platforms. He joins Ed Ludlow on “Bloomberg Tech.”
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How ‘AI-Pilled’ Companies Are Rewriting the Startup Playbook

AI isn’t just changing what startups build, it’s changing how the companies themselves operate. Floodgate co-founder and Partner Ann Miura-Ko explains her thesis around the “AI-pilled organization,” where agents are deployed across engineering, sales, marketing, and strategy to dramatically accelerate how companies learn and execute. She joins Ed Ludlow on “Bloomberg Tech.” ——– Like this…

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AI isn’t just changing what startups build, it’s changing how the companies themselves operate. Floodgate co-founder and Partner Ann Miura-Ko explains her thesis around the “AI-pilled organization,” where agents are deployed across engineering, sales, marketing, and strategy to dramatically accelerate how companies learn and execute. She joins Ed Ludlow on “Bloomberg Tech.”
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