Tuesday, March 28, 2023

Lyft picks new CEO as founders tap out amid fierce competition

The change of guard at Lyft comes after a weak quarterly forecast worsened concerns that profits would get squeezed by price cuts undertaken to keep up with bigger rival Uber - which boasts better pricing power, a global presence and a food delivery business.

from Tech-Economic Times https://ift.tt/gaK2DEt
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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...