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David Risher's - 2 Uber - 2 Jim Cramer - 1 Harley Finkelstein - 1 Jim - 1 Kraft - 1 Oscar Mayer - 1 Lyft - 1
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4 mentions found


☆ Looking for dividend income? Jim Cramer says consider this beverage giant's stock
  + stars: | 2024-02-14 | by ( Kevin Stankiewicz | ) www.cnbc.com   time to read: +2 min
Overall, it was an "unbelievably good quarter," Jim said. Coca-Cola : The beverage giant's fourth-quarter earnings met Wall Street expectations, while sales exceeded analyst projections. I think that stock works its way higher over time," Jim said. Meanwhile, Uber announced a $7 billion stock buyback program, which Jim called "really nice." It was a very good quarter," Jim said.
Persons: Jim Cramer, Harley Finkelstein, Jim, David Risher's, Uber, Kraft, Oscar Mayer Organizations: Management, Kraft Heinz, Robinhood
☆ Lyft's new CEO reversed its WFH policy. Now he says employees should want to come back to the office 'for the snacks.'
  + stars: | 2023-07-25 | by ( Lakshmi Varanasi | ) www.businessinsider.com   time to read: +4 min
Lyft's CEO says workers who don't want to return to the office should come back — for the snacks. David Risher's mandate is a reversal of the "fully flexible" work policy Lyft instituted in 2022. Lyft's CEO David Risher, however, thinks office snacks should be enough reason enough for employees to head back in. At a company meeting in April, Risher reversed the "fully flexible" work policy Lyft instituted in March 2022. It appears Lyft's office offers snacks like baby carrots and dipping sauce.
Persons: David Risher's, Lyft, David Risher, Risher, didn't, We've, We're, Roberto Machado Noa, Lyft's, Uber Organizations: Morning, New York Times, Street, Uber
☆ Lyft rattles Wall Street as margins suffer in race with Uber
  + stars: | 2023-05-05 | by ( Aditya Soni | ) www.reuters.com   time to read: +2 min
May 5 (Reuters) - Lyft Inc shares (LYFT.O) tumbled nearly 20% on Friday as the ride-hailing company's strategy to claw back market share from rival Uber (UBER.N) with lower fares stoked concerns about a hit to its profit margins. At least 16 analysts slashed their price targets on a stock that has widely underperformed the market this year. The company's market capitalization was set to decline by nearly $800 million to about $3.3 billion, a far cry from the over $24 billion valuation it commanded in its 2019 stock market listing. "This looks like an Everest-like uphill battle ahead for Lyft in our opinion," said Dan Ives of Wedbush Securities. Lyft shares underperform Uber'sReporting by Aditya Soni; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.
☆ Lyft's new CEO begins tenure with layoffs, reportedly cutting 1,200 jobs
  + stars: | 2023-04-21 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +2 min
Ride-sharing app Lyft will lay off a significant number of employees one week into new CEO David Risher's tenure, the company announced Friday. The company previously reduced its headcount in November, cutting 700 jobs, or about 13% of the workforce. Risher, a former Amazon executive, told employees in a town hall a few weeks ago that layoffs were imminent. Earlier this week, Meta implemented a previously announced round of cuts. The company is set to report earnings for the first quarter of 2023 on May 4.
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