Lyft reported 44% higher revenue of $875.6 million for the first quarter, noting that its ride-sharing business had picked up through the quarter after some weakness in January due to the Omicron variant of Covid. But the revenue was still below pre-Covid levels. Executives said they expected demand to improve in the second half of the year, which turned off investors. In after-hours trading,...
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Why the Return to the Office Is Inevitable
For proponents of a return to working in the office, it’s two steps forward and one step back. The haze of Canadian smoke that hung over New York City and other parts of the East Coast this week gave people a reason to stay inside. Some schools shuttered their doors. People on the streets have been wearing masks. Yes, it has felt a bit like 2020. But no one should rush to buy Zoom Video stock....
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