Lyft’s fourth quarter 2020 results provided further evidence of the stock market’s exceptionally low standards for corporate earnings these days. The ride hailing company’s shares rose 11% in after-hours trading after it reported that its fourth quarter revenue, at $570 million, was 44% lower compared to the same quarter a year earlier. If any part of the after-hours share price jump carries...
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Another Major Venture Firm to Separate China Investment Partners Following U.S. Pressure
GGV Capital, a prominent venture capital firm managing $9.2 billion in assets, plans to separate its China and U.S. teams following scrutiny from lawmakers in Washington about the national security implications of the firm’s investments in Chinese artificial intelligence and semiconductor firms, according to a notice the firm sent to its investors on Thursday. The move comes a few months...
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