Posts filtered by tags: John Zimmer[x]


 

Corporate America wants to avoid higher taxes and social issues. That's not likely to happen.

President Joe Biden. Alex Wong/Getty Images For years, America's biggest companies have steered clear of politics, except for hefty donations. Now, there's more of an expectation for them to speak out, just as they face a big tax increase. Companies probably don't want a tax increase, and seem mixed on responding to it. See more stories on Insider's business page. Corporate America is going through growing pains on political activism - but it's still trying to fight off...
Tags: Amazon, Texas, Microsoft, Corporate America, Congress, Senate, America, Trends, Georgia, Mitch McConnell, Jeff Bezos, Biden, Donald Trump, Chamber of Commerce, John Zimmer, Trump


An architect of Trump's tax law said he supports Biden's 28% corporate tax rate in resurfaced video

Former Director of the National Economic Council Gary Cohn in New York City. Jeenah Moon/Reuters A former Trump economic advisor said in a resurfaced interview that he supports Biden's proposed 28% corporate tax rate. "I'm actually OK at 28%," Cohn told Yahoo Finance last year. His remarks will likely be cited by Democrats as Biden argues for corporate tax hikes to fund infrastructure spending. See more stories on Insider's business page. There's an unlikely supporter of Pr...
Tags: White House, New York City, Trends, Joe Biden, Gop, Biden, Donald Trump, Irs, John Zimmer, Trump, Cohn, Yahoo Finance, Center for American Progress, Gary Cohn, National Economic Council, Don Beyer


10 things in tech you need to know today

The Xupermask. Honeywell Good morning and welcome to 10 Things in Tech. If this was forwarded to you, sign up here.Let's get started.1. Will.i.am teamed up with a SpaceX designer to create a $300 smart face mask. The face mask is Bluetooth-enabled, and has HEPA filters, built-in headphones and more. Check out the Xupermask - and all its high-tech features - here.2. Twitter will not let the US National Archives preserve Trump's tweets on the platform. It's become custom for NA...
Tags: Google, Amazon, Facebook, Lyft, Spacex, Supreme Court, Newsletter, Trends, Tech, Biden, US supreme court, John Zimmer, Forbes, Marcus, Trump, Nara


Biden starts selling major corporate tax hikes while opening the door to a compromise

President Joe Biden meets with Treasury Secretary Janet Yellen in the Oval Office at the White House in Washington, January 29, 2021. Kevin Lamarque/Reuters The Biden administration just released a sales pitch for its proposed corporate tax hikes. They project raising $2.5 trillion over 15 years to finance the entire proposed infrastructure package. Administration officials are already saying they could compromise on raising the corporate tax rate to 28%. See more stories on Insider's ...
Tags: Amazon, Congress, Washington, Senate, White House, US, Trends, Joe Biden, Cnn, Commerce, Treasury, Janet Yellen, Jeff Bezos, Biden, Donald Trump, Chamber of Commerce


Biden starts selling major corporate tax hikes while opening the door to a compromise with Republicans

President Joe Biden meets with Treasury Secretary Janet Yellen in the Oval Office at the White House in Washington, January 29, 2021. Kevin Lamarque/Reuters The Biden administration released a sales pitch for its proposed corporate tax hikes. They project raising $2.5 trillion over 15 years to finance the entire proposed infrastructure package. Biden said he is willing to hear ideas from the GOP on infrastructure, opening the door to possible compromise. See more stories on Insider's b...
Tags: Amazon, Politics, Congress, Washington, Senate, White House, US, Trends, Markets, Joe Biden, Economy, Cnn, Gop, Treasury, Janet Yellen, Jeff Bezos


Lyft President joins Amazon in supporting a higher corporate tax rate to pay for Biden's $2 trillion infrastructure plan

Lyft's John Zimmer in New Orleans in 2018. Stephen McCarthy/Sportsfile via Getty Images Lyft cofounder John Zimmer voiced support for Biden's $2 trillion infrastructure plan. He also backed the proposed 28% corporate tax rate that would help fund it. Lyft is now one of the first public companies to support the increased taxes, joining Amazon. See more stories on Insider's business page. Lyft president and cofounder John Zimmer voiced his support for President Joe Biden's pr...
Tags: Amazon, Transportation, Lyft, Politics, News, US, America, Trends, Joe Biden, Cnn, New Orleans, Jeff Bezos, Biden, Zimmer, Ride-sharing, John Zimmer


150 business leaders, including Google's Sundar Pichai and longtime Trump ally Stephen Schwarzman, are backing Biden's $1.9 trillion stimulus bill in a letter to Congress

Blackstone CEO Stephen Schwarzman, President Joe Biden, Google CEO Sundar Pichai Jim Spellman/Getty Images, Saul Loeb/AFP via Getty Images, Justin Sullivan/Getty Images More than 150 execs from top US firms have said they support Biden's stimulus package, CNN reported. Blackstone CEO Stephen Schwarzman and Google CEO Sundar Pichai were among the execs who signed a letter to lawmakers. "Congress should act swiftly and on a bipartisan basis to authorize a stimulus and relief package," the ex...
Tags: Google, Politics, Congress, White House, US, Trends, Joe Biden, Cnn, Comcast, AT T, Treasury, Janet Yellen, Goldman Sachs, Biden, Donald Trump, Chamber of Commerce


Lightspeed’s COO David Baga leaving to join pay advance startup Even as CEO

David Baga is going to be getting a new paycheck, which is fitting all things considered. Even, an “on-demand pay” startup that ‘evens’ out paychecks for workers to give them financial stability and flexibility, will announce later this morning that Baga is joining the company as its new CEO effective March 1, replacing co-founder and current CEO Jon Schlossberg. Schlossberg will remain full-time at the company as executive chairman. Baga was most recently at Lightspeed Venture Partners, the pro...
Tags: Lyft, Finance, America, Tech, Walmart, David, Lightspeed Venture Partners, Hiring, Lightspeed Ventures, Zimride, Lightspeed, Logan Green, John Zimmer, Valley, Baga, Keith Rabois


JOIN US FEB 3: Execs from Goldman Sachs, Lead Edge Capital, and Latham & Watkins reveal what's on tap for the red-hot IPO market in 2021

Lyft CEO Logan Green (center) and President John Zimmer (left of center) celebrate the company's IPO in 2019. Mario Tama/Getty Images You can register here if you're a Business Insider subscriber for our event on February 3 at 2:30 PM ET. Visit Insider's homepage for more stories. The market for initial public offerings was red-hot in 2020 and it shows no signs of slowing down in the first few weeks of 2021. Already buy-now-pay-later company Affirm tapped the public markets, and gaming...
Tags: Startups, Finance, US, Trends, Alibaba, SEC, IPO market, Unicorns, Webinar, Logan Green, John Zimmer, Latham, Watkins, Mario Tama Getty, Latham Watkins LLP, Tech Insider


Human Capital: Amazon and CZI face labor disputes as Biden promises gig workers better protections

Welcome back to Human Capital. In this week’s edition of HC, you’ll read about the latest labor struggles at Amazon and the Chan Zuckerberg Initiative, President-Elect Joe Biden’s promises to gig workers, a primary care network for Black people and people of color and more. Lastly, I pulled out some nuggets from DoorDash’s S-1 that are relevant to DEI and labor. If you want this as an email newsletter every Friday at 1 p.m. PT, be sure to sign up here. Former Amazon warehouse worker sues compan...
Tags: Amazon, Facebook, Lyft, Mark Zuckerberg, Congress, Abc, California, Berlin, New York City, America, Tech, Joe Biden, Miami, Biden, Black, Kamala Harris


Lyft is taking aim at Uber's booming food-delivery business with a delivery service of its own

Food delivery has proved a lifeline for Uber throughout the pandemic — now it's biggest rival is getting into the game as well. Mario Tama/Getty Images Lyft is developing a delivery service to take on Uber Eats, the company announced during a Tuesday call with investors.  The delivery service is still in its "very early stages," and won't be a consumer-facing platform like Uber's business.  Uber's growing delivery arm has been a massive boon to the company's business during the pandemi...
Tags: Transportation, Lyft, Uber, Trends, Zimmer, Ridesharing Apps, John Zimmer, Mario Tama Getty, Tim Levin, BITranspo


Lyft beats earnings estimates; co-founder says it's one of the best COVID-19 recovery stocks

Yahoo Finance catches up with Lyft co-founder and president John Zimmer moments after the company's third quarter earnings release.
Tags: John Zimmer, Yahoo Finance, Lyft co


Lyft's business is slowly recovering, but sales are still half of what they were last year

Gene J. Puskar/AP Lyft on Tuesday released the financial results of its third quarter.  During the three-month period, Lyft lost $459.5 million on revenues of $499.7 million.  The total number of active riders dropped 44% year over year, but was up 44% compared with the second quarter.  Visit Business Insider's homepage for more stories. Lyft is still feeling the pandemic's severe impact on the ride-hailing industry, but its third-quarter results show signs of a recovery from the previous...
Tags: Transportation, Lyft, News, California, San Francisco, Trends, Markets, Earnings, Ridesharing, Logan Green, John Zimmer, Gene J Puskar, Tech Insider, CATHY BUSSEWITZ, BITranspo, Business News Desk


Uber sends ominous message to riders in California ahead of its possible shutdown (UBER, LYFT)

Uber warned California customers of its possible shutdown in a push alert message Tuesday night.  The notification linked to a blog post explaining the labor dispute and its ballot proposal.  If a judge doesn't grant Uber and Lyft's request for a stay in a decision from last week, the apps could shut down Thursday night.  Visit Business Insider's homepage for more stories. Uber had a dire message for its customers in California Tuesday night. "Ridesharing in CA may be suspended," the company...
Tags: Lyft, California, CA, Trends, Ufc, John Zimmer, Uber Lyft, Dave Lee, Shona Clarkson, Swayze Valentine, Ethan Schulman, California Pending


Uber and Lyft are considering franchise models to avoid shutdowns in California, but warn that they could be more expensive and less reliable (UBER, LYFT)

Uber and Lyft have both threatened to temporarily shut down their apps in California if a court ruling saying workers must be classified as employees, not contractors, holds. Last week, a state judge ruled against the companies and said they must classify drivers as employees.  The New York Times reported Tuesday that the companies have considered alternative models, including franchising, in order to comply legally while not having to completely overhaul their business models.  Visit Business...
Tags: Lyft, Uber, California, Trends, New York Times, Msnbc, John Zimmer, Jpmorgan, Uber Black, Dara Khosrowshahi, Khosrowshahi, Ethan Schulman, The New York Times In


Uber and Lyft just lost their bid to delay a court order in California that says their drivers must be classified as employees (UBER, LYFT)

Uber and Lyft on Wednesday threatened to shut down their apps in California over a long-running labor dispute.  The companies requested a 10 day delay on a prior ruling that said drivers must be classified as employees.  On Thursday, the judge denied that request.  Visit Business Insider's homepage for more stories. A California judge on Thursday refused to grant Uber Technologies Inc and Lyft Inc more time to appeal his decision requiring the ride-hailing companies to classify drivers in tha...
Tags: Lyft, Uber, California, San Francisco, Trends, John Zimmer, Uber Technologies Inc, Lyft Inc, Uber Lyft, Los Angeles San Diego, Schulman, Assembly Bill, Ethan Schulman, Uber Lyft DoorDash Instacart


Lyft Joins Uber in Threatening To Pull Out of California Over Driver Status

Lyft said it would shut down operations in California if forced to classify drivers as employees, the company's executives said in an earnings call with investors on Wednesday. Lyft joins Uber in threatening to pull out of one of its most important US markets over the question of drivers' employment status. From a report: At issue is the classification of ride-hailing drivers as independent contractors, which Uber and Lyft say most drivers prefer because of the flexibility and ability to set the...
Tags: Lyft, Uber, California, US, Tech, Zimmer, John Zimmer


Lyft's president threatened to shut down California operations over a court ruling requiring the company to reclassify drivers as employees (LYFT, UBER)

Lyft's president, John Zimmer, said the company might pause all operations in California if forced to comply with a recent court ruling ordering it to reclassify drivers as employees. Zimmer told investors during the company's earnings call Wednesday that California accounted for about 16% of its total rides. Regulators said the state's gig-work law requires ride-hailing companies like Lyft and Uber to treat drivers as employees and took them to court over their refusal to comply. A court hand...
Tags: Lyft, Uber, Texas, California, Trends, Chicago, Austin, San Diego, Msnbc, San Antonio, Zimmer, John Zimmer, University of California at Berkeley, San Francisco Chronicle, Lyft Uber, Los Angeles San Francisco


Lyft's president threatened to shut down its California operations over a court ruling requiring it to reclassify drivers as employees (LYFT, UBER)

Lyft president John Zimmer said that the company may pause all operations in California if forced to comply with a recent court ruling ordering it to reclassify drivers as employees. Zimmer told investors during its earnings call Wednesday that California accounts for about 16% of its total rides. Regulators said the state's gig work law requires ride-hail companies like Lyft and Uber to treat drivers as employees and took them to court over their refusal to comply, and a court handed the comp...
Tags: Lyft, Uber, California, Trends, Austin, San Diego, University Of California Berkeley, Msnbc, San Antonio, Zimmer, John Zimmer, San Francisco Chronicle, Lyft Uber, Los Angeles San Francisco, AB, Chronicle


Lyft aims for an all-electric fleet

On Wednesday , Lyft promised that by 2030, all vehicles on its platform would be electric in an effort to reduce greenhouse gas emissions. The electric vehicle initiative will apply to drivers’ personal cars, the company’s Express Drive rental car partner program, the rental car program for riders, and its autonomous vehicle program. John Zimmer, co-founder and president of Lyft, said in a statement, “Now more than ever, we need to work together to create cleaner, healthier, and more equitabl...
Tags: Travel, Lyft, Environmental Defense Fund, Electric Cars, John Zimmer, All, Climate Group, Electric Lyfts


Lyft pledges that every vehicle on its platform will be electric by 2030

Lyft said Wednesday that every car, truck and SUV on its platform will be all electric or powered by another zero-emission technology by 2030, a commitment that will require the company to coax drivers to shift away from gas-powered vehicles. The target, which Lyft plans to pursue with help from the Environmental Defense Fund, will stretch across multiple programs. It will include the company’s autonomous vehicles, the Express Drive rental car partner program for ride-share drivers, consumer ren...
Tags: Lyft, Tech, Automotive, EDF, Electric, Zimmer, John Zimmer, Climate Group, Wednesday Lyft


How Lyft intends to navigate and survive COVID-19

A glimpse at Lyft’s stock price Wednesday, which soared as much as 16.77% after were reported, suggested all was well in the ride-hailing company’s world. In this COVID 19-era, “well” is a relative term. Lyft’s net losses did dramatically improve from the year-ago quarter (a loss of $398 million versus $1.1 billion in Q1 2019). However, Lyft was clear in its earnings call: COVID-19 had a profound impact on its customers and its business and the future was uncertain. “It is impossible to acc...
Tags: TC, Lyft, Tech, Economy, Green, Automotive, Transport, Logan Green, Cfo, John Zimmer, Roberts, EBITDA, Brian Roberts, Lyft co, Lyft However Lyft


Lyft just let go nearly 1,000 people, or 17% of the company. Insiders who were affected describe how it was handled.

Lyft just let go almost 1,000 employees, or about 17% of its workforce, as the pandemic wreaks havoc on the economy and ride-sharing. According to some former employees, the company had said a few weeks earlier that there would be no layoffs. They described their final day at the company and the layoff process, saying most managers had no say on who would be laid off. Click here for more BI Prime stories. Lyft just laid off almost 1,000 employees, or about 17% of its workforce, as the pandemi...
Tags: Lyft, Trends, Green, Zimmer, Logan Green, John Zimmer, Logan, Lamanna, Alexandra LaManna, Business Insider One, Project Mando


Lyft is planning to cut 90 jobs and make changes to its marketing and sales teams, ahead of its February earnings report (LYFT)

Lyft is planning to cut jobs and restructure teams, in news first reported by the New York Times Since its debut on the public market last April, Lyft has fended off investor concerns and questions on its ability to turn a profit.  The report comes ahead of the company's first fiscal quarter earnings report in 2020, set to be released on February 11th.  "We've carefully evaluated the resources we need to achieve our 2020 business goals, and the restructuring of some of our teams reflects that....
Tags: Lyft, Trends, New York Times, Logan Green, John Zimmer, Mike Isaac, Kate Conger, Business Insider Shares of Lyft


14 incredible tech products that didn't exist 10 years ago

The tech world has changed significantly in the last decade.  Back in 2009, the iPad hadn't come out yet, Lyft didn't exist, and the Amazon Echo hadn't been unveiled.  Here are 14 major innovations that didn't exist 10 years ago.  Visit Business Insider's homepage for more stories. The world was a very different place 10 years ago.  A decade ago, you couldn't order a Lyft on your phone, you couldn't scroll through Instagram, and you couldn't watch movies or answer email on an iPad. Several in...
Tags: Apple, Amazon, Verizon, Facebook, Lyft, Mark Zuckerberg, Jobs, Instagram, Microsoft, Steve Jobs, Samsung, NFL, Trends, Snapchat, Sprint, Steve Ballmer


This credit-card-size phone can do only 3 things and doesn't have any apps — and it may be the key to freeing us from our smartphones

Light is a startup that creates products designed to help combat smartphone addiction. The company launched its first product, the Light Phone, in 2017. Now it's back with the second iteration, the Light Phone 2. The original Light Phone could only make and receive phone calls, but the second version has some additional features: alarms and texting. "Five years ago when we started, people didn't understand. 'Why are you creating a simple phone? What's the point?'" Kai Tang, a Light cofounder, ...
Tags: Apple, Facebook, Pinterest, Trends, Light, Reddit, Foxconn, Tim Kendall, John Zimmer, Swiss Army, Tang, AT T T Mobile, Light Phone, Hollier, Joe Hollier, Kai Tang


This credit-card-sized phone can do only 3 things and doesn't have any apps — and it might be the key to freeing us from our smartphones

Light is a startup that creates products designed to help combat smartphone addiction. The company launched its first product, the Light Phone, in 2017. Now it's back with the second iteration, the Light Phone 2. The original Light Phone could only make and receive phone calls, but the second version has some additional features: alarms and texting. "Five years ago when we started, people didn't understand. 'Why are you creating a simple phone? What's the point?'" Kai Tang, a Light cofounder, ...
Tags: Apple, Facebook, Pinterest, Trends, Light, Reddit, Foxconn, Tim Kendall, John Zimmer, Swiss Army, Tang, AT T T Mobile, Light Phone, Hollier, Joe Hollier, Kai Tang


From food delivery to self-driving cars, here's how all of Uber and Lyft's side-businesses compare (UBER, LYFT)

Uber and Lyft are doing more than just app-based taxi rides.  Both companies are investing in self-driving cars and healthcare.  Uber, meanwhile, is rapidly growing its Uber Eats and Uber Freight businesses.  We went through each company's IPO documents to compile the definitive list of the other bets each ride-hailing company is taking. Uber and Lyft have become synonymous with ride-hailing, but taxi rides are far from the companies' only business bets. Between the two, the companies are hea...
Tags: Lyft, Uber, New York, Ipo, US, Toronto, San Francisco, Trends, Arizona, Airbnb, Toyota, Las Vegas, Denver, John Zimmer, Lime, New York Washington


Lyft lost $1.14B in Q1 2019 on $776M in revenue

In its first-ever earnings report as a public company, Lyft (NASDAQ: LYFT) failed to display progress toward profitability. The ride-hailing business, which raised $2 billion in a March initial public offering, posted first-quarter revenues of $776 million on losses of $1.14 billion, including $894 million of stock-based compensation and related payroll tax expenses. The company’s earnings surpassed Wall Street estimates of $740 million while losses came in much higher as a result of IPO-related...
Tags: Travel, TC, Transportation, Lyft, Uber, Pinterest, Green, Transport, Earnings, Commuting, The Wall Street Journal, New York Stock Exchange, Carsharing, Goodwater Capital, Initial Public Offering, Alphabet


Lyft Synks

Look at them up there in the pic—Lyft CEO Logan Green, President John Zimmer, and a whole bunch of other employees that Getty wasn’t interested in naming—on the day their company officially debuted on the Nasdaq, with an oversubscribed IPO and a share price well above initial estimates. That was a week ago! And in…Read more...
Tags: Lyft, Uber, Science, Money, Ipo, Getty, John Zimmer, Eating Shit For All To See