Addressing a question from an analyst on a conference call to discuss Uber’s first-quarter results Tuesday morning, Chief Executive Officer Dara Khosrowshahi called Lyft “a very, very strong brand.” And while conceding his competitor is “going through a lot of changes,” he added that Lyft is also “not going anywhere.”
Sounds like a kiss of death to me:
In a March note to clients, Wedbush Securities analyst Dan Ives called Lyft’s financial results in the preceding six months “a train wreck.”
Lyft forecast second-quarter revenue of $1 billion to $1.02 billion, and adjusted earnings before interest, taxes, depreciation and amortization, or Ebitda, of $20 million to $30 million. Analysts had expected revenue of $1.08 billion and Ebitda of $51 million.
Dan Gallagher, “Uber Is Firing on the Most Important Cylinders,” Wall Street Journal, May 2, 2023, https://www.wsj.com/articles/uber-is-firing-on-the-most-important-cylinders-83fcfdd4
Kevin Truong and Annie Gaus, “Lyft Is Facing an Existential Crisis,” San Francisco Standard, May 3, 2023, https://sfstandard.com/business/lyft-is-facing-an-existential-crisis/
Levi Sumagaysay, “Lyft stock sinks as forecast falls short of estimates, while new CEO takes aim at Uber,” MarketWatch, May 4, 2023, https://www.marketwatch.com/story/lyft-stock-sinks-as-forecast-falls-short-of-estimates-as-new-ceo-takes-aim-at-uber-be385c60
Fig. 2. “Jake Angeli (Qanon Shaman), seen holding a Qanon sign at the intersection of Bell Rd and 75th Ave in Peoria, Arizona, on 2020 October 15.” Photography by TheUnseen011101 [pseud.], October 15, 2020, via Wikimedia Commons, public domain.
Jeremy Roebuck, “Proud Boys trial: Zach Rehl, the right-wing group’s Philly leader, and three others convicted in Jan. 6 sedition case,” Philadelphia Inquirer, May 4, 2023, https://www.inquirer.com/news/proud-boys-zach-rehl-sedition-philly-verdict-20230504.html
Fig. 3. Cartoon by Jesse Duquette, undated, via “Minneapple23” [pseud.] on Imgur, April 1, 2023, fair use.
Corinne Ramey, “Trump Seeks to Move Hush-Money Case to Federal Court, as New York Judge Signals Early 2024 Trial,” Wall Street Journal, May 4, 2023, https://www.wsj.com/articles/judge-to-consider-limits-on-donald-trumps-airing-of-evidence-in-hush-money-case-5c61fd06
Ishaan Tharoor, “King Charles III could be Britain’s first post-colonial monarch,” Washington Post, May 5, 2023, https://www.washingtonpost.com//world/2023/05/05/king-charles-post-colonial-imperial/
Jude Webber, “The coronation highlights the changing legacy of British rule in Ireland,” Financial Times, May 5, 2023, https://www.ft.com/content/1006c49f-36b2-4a29-a4c3-68ab4cf15092
Fig. 5. Photograph by author, November 8, 2022.
Jamie Gumbrecht, Jacqueline Howard, and Deidre McPhillips, “WHO says Covid-19 is no longer a global health emergency,” CNN, May 5, 2023, https://www.cnn.com/2023/05/05/health/who-ends-covid-health-emergency/index.html
Pennsylvania and surrounding areas
Pittsburgh, the Ohio Valley, and surrounding areas
Fig. 6. Photographer unknown, circa 1940-1950, from Smoke Control Lantern Slide Collection, ca. 1940-1950, AIS.1978.22, Archives Service Center, University of Pittsburgh, via Bloomberg, fair use.
Nick Ripatrazone, “Donora’s Suffocation,” Belt, May 3, 2023, https://beltmag.com/donoras-suffocation/
- Dan Gallagher, “Uber Is Firing on the Most Important Cylinders,” Wall Street Journal, May 2, 2023, https://www.wsj.com/articles/uber-is-firing-on-the-most-important-cylinders-83fcfdd4↩
- Kevin Truong and Annie Gaus, “Lyft Is Facing an Existential Crisis,” San Francisco Standard, May 3, 2023, https://sfstandard.com/business/lyft-is-facing-an-existential-crisis/↩
- Levi Sumagaysay, “Lyft stock sinks as forecast falls short of estimates, while new CEO takes aim at Uber,” MarketWatch, May 4, 2023, https://www.marketwatch.com/story/lyft-stock-sinks-as-forecast-falls-short-of-estimates-as-new-ceo-takes-aim-at-uber-be385c60↩
- Mark Byrnes, “What Pittsburgh Looked Like When It Decided It Had a Pollution Problem,” Bloomberg, June 5, 2012, https://www.bloomberg.com/news/articles/2012-06-05/what-pittsburgh-looked-like-when-it-decided-it-had-a-pollution-problem↩