In this down cycle of the economy, more specifically the growth sector, technology has been particularly hit. These companies were some of the most to benefit from the low interest rates, work from home, no fear bull market. It stands to reason when that sector falls apart with the dramatic rise in interest rates. This week it was announced Amazon plans to lay off approximately 10,000 people in corporate and technology jobs as soon as this week. This would be … Continue reading “Amazon the Latest in Huge Tech Layoffs, Just the Start or A Healthy Rationalization?”
Lyft Capitalizing on Robust Rideshare Demand While Effectively Managing Expenses
Lyft announced second quarter of 2022 earnings Monday, reporting a net profit on an adjusted basis, compared to a loss last year benefitting from continued recovery in ride-hailing. LYFT shifted gears from initially expecting to ramp up spending in Q2 the ride sharer dialed back those plans. The shift helped EPS and adjusted EBITDA expectations and report one of its strongest quarters in recent history, capitalizing on robust rideshare demand and a more balanced driver supply and demand environment, while … Continue reading “Lyft Capitalizing on Robust Rideshare Demand While Effectively Managing Expenses”