Lyft CEO David Risher has a turnaround plan for the company—and Minneapolis’s new wage minimums are not part of it
by Fast Company
Fast Company— When Lyft CEO David Risher took the helm of the rideshare company from cofounders Logan Green and John Zimmer a year ago, his mandate was clear: create a sustainable business by getting the perennial second-place rideshare company to stop bleeding money. The former Microsoft and Amazon executive laid off more than a quarter of the company’s workforce last April and exited ancillary business lines, such as car rentals. That’s helped Lyft lower the prices of its rides, so they’re in line with...
TechCrunch—Rippling’s Parker Conrad on the company's new round, new SF lease and, also, its newest critic. Last week, TechCrunch broke the news that the workforce management software outfit Rippling was on the cusp of closing a new, $200 million round of funding at a hefty $13.4 billion valuation led by Coatue. We also reported that the round featured a separate, $670 million secondary component meant to give some of the company’s […] © 2024 TechCrunch. All rights reserved. For personal use only.
Washington Examiner—California’s new affirmative action plan. The University of California, San Diego, is coming up with creative ways to implement a form of affirmative action for admittance into its engineering programs. Affirmative action was illegal in California long before the U.S. Supreme Court ruled last year that colleges and universities could no longer consider an applicant’s race when admitting him or […]
Euro Weekly News—Energy company’s flight plans for birds. Energy company Vattenfall is testing an infrared camera system to monitor bird collisions with offshore wind turbines at its Hollandse Kust Zuid installation. “We are still looking for the right technology to understand the dangers,” Jesper Kyed Larsen, a bioscience expert at Vattenfall, said. “We need to understand the real risk that wind farms pose […]