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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

Palantir Co-Founder Joe Lonsdale on the AI Investment Boom

AI is fueling a new era of venture investing. Joe Lonsdale, managing partner at 8VC and co-founder of Palantir, discusses the firm’s record $1.5 billion fund, why startup rounds are getting bigger, and where he’s placing his bets on the next generation of defense tech and AI companies. He joins Ed Ludlow on “Bloomberg Tech.”…

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AI is fueling a new era of venture investing. Joe Lonsdale, managing partner at 8VC and co-founder of Palantir, discusses the firm’s record $1.5 billion fund, why startup rounds are getting bigger, and where he’s placing his bets on the next generation of defense tech and AI companies. He joins Ed Ludlow on “Bloomberg Tech.”
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How Apple’s Lawsuit Could Disrupt OpenAI’s Bid to Rival the iPhone

Apple’s lawsuit accusing OpenAI of systematically stealing its intellectual property threatens to disrupt the AI company’s device ambitions long before the case is resolved. Bloomberg’s Mark Gurman joins Ed Ludlow on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde…

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Apple’s lawsuit accusing OpenAI of systematically stealing its intellectual property threatens to disrupt the AI company’s device ambitions long before the case is resolved. Bloomberg’s Mark Gurman joins Ed Ludlow on “Bloomberg Tech.”
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AI Selloff, Apple vs. OpenAI & the Future of Defense Tech | Bloomberg Tech 7/13/2026

Bloomberg’s Ed Ludlow breaks down why an AI-fueled stock rout in South Korea spilled over into the US market Monday, sending SK Hynix ADRs falling in their second US trading day. Plus, Apple and OpenAI’s AI rivalry enters the courtroom, with Apple filing a sweeping trade secrets lawsuit against the ChatGPT maker. And, FCC Chairman…

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Bloomberg’s Ed Ludlow breaks down why an AI-fueled stock rout in South Korea spilled over into the US market Monday, sending SK Hynix ADRs falling in their second US trading day. Plus, Apple and OpenAI’s AI rivalry enters the courtroom, with Apple filing a sweeping trade secrets lawsuit against the ChatGPT maker. And, FCC Chairman Brendan Carr joins to talk regulating space, and Palantir co-founder and 8VC managing partner Joe Lonsdale sits down with Ed to discuss his outlook for the defense tech sector.

00:00:00 – Bloomberg Tech Begins
00:01:25 – Dina Bass, Bloomberg News
00:05:02 – Ipek Ozkardeskaya, Swissquote
00:10:36 – Brendan Carr, FCC Chairman
00:22:22 – Mark Gurman, Bloomberg News
00:26:27 – Maggie Eastland, Bloomberg News
00:28:15 – Joe Lonsdale, Palantir Co-Founder

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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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