Lyft’s main taxi business is already profitable in some areas, but self-driving cars and bike-sharing are eating into that revenue

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A man rides a Lyft scooter near the White House in Washington DC Reuters

JPMorgan says Lyft’s core ride-hailing business is already profitable in certain markets.

It’s other bets on things like bikes, scooters, and self-driving cars that are dragging down the company’s balance sheet.

Other Wall Street analysts have also raised their estimates and targets for Lyft following second-quarter earnings that topped expectations.

Continue reading… “Lyft’s main taxi business is already profitable in some areas, but self-driving cars and bike-sharing are eating into that revenue”

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America’s happiest companies make more money

Is there a direct connection between having happy workers and improved profitability?

A new addition of the “100 Best Companies To Work For” is released every year around this time.  In this report employers deemed to have the happiest and most satisfied workers are heartily celebrated by the media.

 

 

 

Continue reading… “America’s happiest companies make more money”

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