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Martin Peers
Verified
Contributor, The Briefing
New York
Beats
Android, single board computers, embedded systems microcontrollers, Raspberry Pi, smart gadgetsTechnology, 3D printers, processors Linux, IoT
Content
By Martin Peers Verified| The Information Verified Does Lyft need a new engine to jump-start its performance? We’re thinking of activist investor Engine Capital, which has taken a stake in the ride-hailing firm and today said it would mount a proxy contest to win seats on Lyft’s board. Lyft’s stock price has been stalled (sorry) for years, trading at roughly 80% below its 2019 IPO price. It’s in the doldrums because of its No. 2 status in the U.S. ride-hailing market and its lack of diversification.
By Martin Peers Verified| The Information Verified Mark Zuckerberg is very confident in his own abilities. His testimony in the government’s antitrust trial today—as reported by my colleague Kalley Huang—made clear his belief that both Twitter and Snap would have been better off if they had accepted the buyout bids he made early in their lives. By the same token, he believes Instagram today is much bigger than it would have been if Meta Platforms hadn’t bought it a dozen years ago. Zuckerberg may well be right.
By Martin Peers Verified| The Information Verified Does Lyft need a new engine to jump-start its performance? We’re thinking of activist investor Engine Capital, which has taken a stake in the ride-hailing firm and today said it would mount a proxy contest to win seats on Lyft’s board. Lyft’s stock price has been stalled (sorry) for years, trading at roughly 80% below its 2019 IPO price. It’s in the doldrums because of its No. 2 status in the U.S. ride-hailing market and its lack of diversification.
Company Info
The Briefing
Cultural commentary from a Biblical perspective
New York, United States