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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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Crusoe CEO: Data Center Indusry Has a ‘Marketing Issue’

Crusoe CEO Chase Lochmiller discusses the AI infrastructure company’s nearly $4 billion in fresh funding sending its valuation to almost $31 billion. He also discusses how it will fuel the company’s push to build AI infrastructure spanning data centers, cloud computing and managed AI services. He says Crusoe could eventually enter the public markets and…

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Crusoe CEO Chase Lochmiller discusses the AI infrastructure company’s nearly $4 billion in fresh funding sending its valuation to almost $31 billion. He also discusses how it will fuel the company’s push to build AI infrastructure spanning data centers, cloud computing and managed AI services. He says Crusoe could eventually enter the public markets and pushes back against growing opposition to data centers, arguing the industry has a “marketing issue” and needs to better communicate its impact on water, jobs and local tax revenue. He joins Ed Ludlow on “Bloomberg Tech.”
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Former FTC Technologist Warns Against an AI ‘Cartel’

As frontier AI labs seek greater coordination on safety, Neil Chilson, Head of AI Policy at the Abundance Institute and former FTC Chief Technologist, warns that government-backed antitrust exemptions could create a durable “cartel” that ultimately harms competition. He argues companies can collaborate on safety standards without suspending antitrust rules, and that existing consumer-protection and…

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As frontier AI labs seek greater coordination on safety, Neil Chilson, Head of AI Policy at the Abundance Institute and former FTC Chief Technologist, warns that government-backed antitrust exemptions could create a durable “cartel” that ultimately harms competition. He argues companies can collaborate on safety standards without suspending antitrust rules, and that existing consumer-protection and liability laws already provide tools for addressing harms caused by AI. He joins Ed Ludlow on “Bloomberg Tech.”
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Calls to “pace” development at the AI frontier are unlikely to translate into a slowdown in infrastructure spending, according to Sara Araghi, Franklin Templeton Portfolio Manager and Franklin Venture Partner. She argues that even if labs temper some model training, growing inference demand will continue to require enormous amounts of compute. Araghi also discusses why…

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Calls to “pace” development at the AI frontier are unlikely to translate into a slowdown in infrastructure spending, according to Sara Araghi, Franklin Templeton Portfolio Manager and Franklin Venture Partner. She argues that even if labs temper some model training, growing inference demand will continue to require enormous amounts of compute. Araghi also discusses why heightened AI safety concerns could boost demand for cybersecurity and why she doesn’t expect the debate to derail funding or anticipated AI IPOs. She joins Ed Ludlow on “Bloomberg Tech.”
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