Tuesday, May 4, 2021
Lyft sees sustained profit starting in third quarter on cost cuts, demand rebound
Lyft Inc surprised Wall Street with significantly lower losses than expected and said it would deliver dependable profit on an adjusted basis beginning in the third quarter thanks to cost cuts that allow the company to earn more per ride. https://ift.tt/3xMptC2
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EU Commission President Ursula von der Leyen calls AI "the second tipping point of our times", alongside climate change, and says its risks must be "addressed" (Financial Times)
Financial Times : EU Commission President Ursula von der Leyen calls AI “the second tipping point of our times”, alongside climate change...
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Amid government scrutiny over its various trade practices, the firm has been able to hold on to a set of consumers looking for cheaper goods...
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Robert Hackett / Fortune : Profile of Kathryn Haun, a former prosecutor who created US' first federal “digital currency task force” a...
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