Lyft shares fell more than 5% after the company reported fourth-quarter earnings and said its revenue growth is expected to slow dramatically this year. The news came days after rival Uber said its ride-hailing revenue had accelerated. Uber’s shares have risen to above $41, just a few dollars short of its IPO price. Lyft’s $96 million cash burn in the fourth quarter was lower than the $173...
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The Weekend culture policy
Ban It, Divest It or Regulate It? Washington Looks for an Answer to TikTok
Hi, welcome to your Weekend!Interesting dinner table discussion this week: My 13-year-old daughter, hearing about Nancy Scola’s cover story on TikTok’s war in Washington, offered her prediction for what would happen if the U.S. took the drastic step of banning the app.“Every teenager in America would refuse to come out of their rooms,” she said. “They’d be so mad. They just wouldn’t go out...
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