2023-04-22
SCOOP @WSJ: Lyft plans to cut 1,200 or more jobs in a new round of cuts that would impact over 30% of staff -Company already cut 700 jobs in November -New CEO officially took charge this week My latest w/ @laurenthomas @EmilyGlazer https://www.wsj.com/...
Wall Street Journal
Sources: Lyft plans to lay off 1,200+, or 30%+ of its 4,000+ staff, days after its new CEO took over, aiming to cut its costs by 50%; Lyft cut ~700 jobs in 2022
at least 30% of its staff. It's struggling to keep up with Uber. Lynn Doan / Fortune : ‘We need to bring our costs down’: Lyft plans to slash another 1,200 jobs after losing ground...
New Lyft CEO @davidrisher wrote to staff after our story. He said it is a painful but much-needed move that will help him turn the company around He didn't specify the size of the cuts. Sources say more to come after a board meeting next week
Wall Street Journal
Sources: Lyft plans to lay off 1,200+, or 30%+ of its 4,000+ staff, days after its new CEO took over, aiming to cut its costs by 50%; Lyft cut ~700 jobs in 2022
at least 30% of its staff. It's struggling to keep up with Uber. Lynn Doan / Fortune : ‘We need to bring our costs down’: Lyft plans to slash another 1,200 jobs after losing ground...
2023-04-08
Uber CEO starts driving and delivering food on Uber. He struggles to sign up, gets tip-baited and is punished by the app for rejecting rides. @dkhos realizes he “has taken drivers for granted.” CEO-turned gig worker drama in my latest @WSJ front page https://www.wsj.com/...
Wall Street Journal
How Uber revamped its app, attracting more drivers and extending its lead on Lyft; YipitData: Uber's US market share grew from 62% in early 2020 to 74% now
Dara Khosrowshahi and other executives realized drivers' complaints were valid. They revamped the app, helping Uber attract workers and extend its lead on Lyft.
2023-04-02
Lyft's co-founders said they stepped back for personal reasons. Our reporting @EmilyGlazer shows that employees had spent months calling for it. “Not the time to learn from mistakes. Time for professional leadership,” one wrote during an all-hands. https://www.wsj.com/...
Wall Street Journal
Sources: Lyft co-founders' departures followed months of staff worries as the company's market cap fell 85% to under $3.5B in two years, while Uber fared better
Wall Street Journal :
2023-03-28
Exclusive: Uber Eats is taking down 13% of virtual brands in North America. Diners are “effectively seeing 12 versions of the same menu” on the app w/ @heatherhadden https://www.wsj.com/...
Wall Street Journal
Uber Eats plans to remove 5,000 virtual brands to declutter its app and introduce guidelines to stop restaurants from listing multiple brands with the same menu
Wall Street Journal :
2022-08-14
Scoop: Food is so passé. DoorDash is now delivering goods sold on Facebook Marketplace The companies have been testing the service for months and will deliver anything that fits in a car. Latest w/ @sal19 https://www.wsj.com/...
Wall Street Journal
Meta is testing having DoorDash deliver Facebook Marketplace purchases; sources: the service delivers items that fit in a car trunk and are up to 15 miles away
Wall Street Journal :
2022-08-13
Scoop: Food is so passé. DoorDash is now delivering goods sold on Facebook Marketplace The companies have been testing the service for months and will deliver anything that fits in a car. Latest w/ @sal19 https://www.wsj.com/...
Wall Street Journal
Meta is testing having DoorDash deliver Facebook Marketplace purchases; sources: the service delivers items that fit in a car trunk and are up to 15 miles away
The service will pick up and deliver items that fit in a car trunk to destinations up to 15 miles away
2022-07-24
Did your food-delivery bill kill your appetite? In my latest: Apps sweetening the deal for restaurants & consumers amid slowing growth & high inflation. That in-app push to combine your tacos with toothpaste & toilet paper is to tempt you to spend more https://www.wsj.com/...
Wall Street Journal
DoorDash and Uber Eats are moving beyond food, focusing on groceries and alcohol, as users cut spending due to high inflation and a potential economic downturn
Delivery apps look to move beyond food as they face high inflation, a potential economic downturn — Grubhub CEO on the Postpandemic Future of Food Delivery Tweets: @preetika_rana...
2022-04-12
Guy stands up for free speech. Learns to shut up. Classic https://www.wsj.com/... @elonmusk
Wall Street Journal
Elon Musk appears to have deleted some tweets critical of Twitter and its leadership; Musk liked a tweet saying he was “told to play nice and not speak freely”
2022-03-24
SCOOP @WSJ: Uber has reached a deal to list all NYC taxis on its app. A how to guide on making a foe a friend https://www.wsj.com/...
Wall Street Journal
Uber agrees to list all ~14K New York City taxis on its app, rolling out later this spring; fares will be roughly the same for taxi rides as for Uber X rides
Company that vowed to disrupt the U.S. taxi industry is now betting that traditional taxis will fuel its next wave of growth
2022-01-31
Fast delivery, quick losses Fridge No More spent $70 to acquire an average customer, an investment on which it lost $78 loss for every customer who stayed for 10 months 🤯 My latest w/ @eliotwb https://www.wsj.com/...
Wall Street Journal
A look at the fight between six rapid grocery delivery startups in NYC, which have raised $5.5B+ since 2020; sources say some are losing $20/order on average
2021-08-09
Uber and Lyft drivers are returning. But nationwide prices are still at a record high. https://www.wsj.com/... “The average Uber and Lyft fare in the U.S. rose month-to-month from February through July, touching new highs every time.” My latest @WSJ https://twitter.com/...
Wall Street Journal
Analysis of e-receipts from 1M+ consumers shows that the average Uber and Lyft fares in the US were 50% higher in July 2021 compared with January 2020
2021-07-06
Exclusive @WSJ: Uber, Lyft will announce new measures to make driving more attractive for the long haul. They acknowledge a short-term fix like bonuses can't solve the ongoing labor crunch, high fares. Does it solve drivers' #1 grievance i.e. better pay? https://www.wsj.com/...
Wall Street Journal
Uber wants to fund education and career-building programs for drivers and Lyft is exploring ways to reduce drivers' expenses, as they deal with driver shortages
2020-05-19
My @WSJ scoop today: Uber is cutting some 3,000 additional jobs, closing 45 offices and re-evaluating big bets in areas ranging from freight to self-driving technology. The latest cuts mean Uber is shedding a quarter of its workforce in under a month. https://www.wsj.com/...
Wall Street Journal
In email to staff, Dara Khosrowshahi says Uber will cut 3,000 more jobs, in addition to the 3,700 that were let go earlier this month, and will close 45 offices
Preetika Rana / Wall Street Journal :
2020-05-18
My @WSJ scoop today: Uber is cutting some 3,000 additional jobs, closing 45 offices and re-evaluating big bets in areas ranging from freight to self-driving technology. The latest cuts mean Uber is shedding a quarter of its workforce in under a month. https://www.wsj.com/...
Wall Street Journal
In email to staff, Dara Khosrowshahi says Uber will cut 3,000 more jobs, in addition to the 3,700 that were let go earlier this month, and will close 45 offices
The ride-hailing giant also is exploring selling noncore businesses — Uber Technologies Inc. is cutting several thousand additional jobs …
2020-03-21
Airbnb has racked up hundreds of millions of dollars in losses this year, plans to go public are in disarray, and now it's considering raising cash from investors. https://www.wsj.com/... @WSJ exclusive w/ @jeaneaglesham @KirstenGrind.
Seeking Alpha
Sources: Airbnb's plans to go public are in disarray after the company racked up hundreds of millions of dollars in losses this year
The coronavirus pandemic has led to hundreds of millions in losses for Airbnb (AIRB) and has the company considering a funding round rather than going public, according to WSJ sour...
2020-03-13
Exclusive @WSJ: Here's how Airbnb bookings have tanked world-wide. U.S. listings are nearly empty through the summer. My latest. https://www.wsj.com/... #CoronavirusPandemic https://twitter.com/...
Bloomberg
Source: Airbnb reported a loss of $276.4M in Q4 before COVID-19 hit, nearly doubling YoY from $143.7M; revenue was up 32% to $1.1B, and it has $2B+ in the bank
and guidance for Q1 was 25% growth. However — that projection was pre-virus frenzy and pre Trump's Europe travel ban https://www.bloomberg.com/... via @technology Olivia Solon / @o...