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Bloomberg Tech

Lyft Plunges and Twitter Under Regulatory Scrutiny

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 9 February 2023

⏱️ 45 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow break down Lyft's earnings showing it's losing share to Uber. Plus, a look at social media in the spotlight on Capitol Hill, and Disney activist investor Nelson Peltz standing down on his proxy fight with Bob Iger.

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Transcript

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0:00.0

Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

0:09.0

Take part in solutions driven discussions on how to drive business value and unlock opportunity

0:14.8

while remaining nimble in times of change and greater ESG accountability.

0:19.5

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore.

0:24.0

That's Bloomberg Live.com slash sustainable Biz Singapore. I'm Caroline High at Bloomberg's world headquarters in New York.

0:46.0

And I'm Ed Ludlow in San Francisco.

0:48.0

This is Bloomberg Technology Artificial Intelligence still driving markets,

0:52.0

carry over earnings front and

0:53.7

center. Yeah let's get straight to it as the plunge is clear with lift after hours the

0:58.4

ride sharing company falling after evidence it's losing share to Uber, a weak profit in sales outlook.

1:04.9

And social media in the spotlight on Capitol Hill, but former Twitter

1:08.4

executives are telling lawmakers to hold off on regulating online content.

1:13.2

We'll bring you the why.

1:14.7

Plus the latest details on Disney as activist investor,

1:17.6

Nelson Peltz stands down on his proxy fight.

1:20.9

But is the battle over?

1:22.1

All that. And so much more coming up. We dig in first

1:24.7

and foremost to those markets that once again swoon the first two-day lows we've

1:29.3

seen since December, the worst two-day sell-off, about 2.7% over the course of two days, the

1:33.2

Nazak off by another percentage point on the day. We're worried as again on the

1:37.5

macro, on the Federal Reserve, on interest rates going higher. That's why we see

1:40.4

well overall concern anxiety as evidence in the Vicks the volatility

...

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