Archive | wall street

The Stupid Idiot’s Guide to the Future of Uber and Lyft

Lyft has finally gone public. After a hot debut, its stock price began sinking yesterday, and is still sinking as we speak. What’s the deal? What about the sharing economy? What about the unicorns? What about the GOLDEN FUTURE? Below, a very short guide to what the real world has in store for these magical […]

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Investors Are Already Dumping Lyft

Lyft, the mobility company that doesn’t have a viable business model and has never made a profit, opened trading as a public company Monday for the first time and investors promptly dumped shares, lowing the company’s stock value below its IPO price of $72 per share. In the world of high finance, this is generally…Read […]

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Possible Reasons Why A Hedge Fund Manager Is Betting $400 Million Against Nintendo

Earlier today, Nintendo’s quarterly earnings report showed mixed signals; operating profits were up, but Switch sales and software attach rates were down. That all must have meant something to the Wall Street investor who gambled hundreds of millions on the assumption that the video game giant is about to hit a major…Read more… Continue Reading […]

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The Working Person’s Guide to the Industry That Might Kill Your Company

Just like $2.5 trillion worth of companies around the world, the company publishing the story you are now reading is owned by private equity firms. Most people have little idea what the private equity industry actually does. The truth is terrifying. Read more… Continue Reading at

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A Partial List of Companies That Definitely Could Have Afforded to Pay Their Employees a Good Wage at Any Point Before the GOP Tax Bill

Since the passage of the GOP’s wildly unpopular and regressive tax bill, American companies have been coming out of the woodwork to announce they are using their tax windfalls to invest in their employees. Even nominally “liberal” companies like Apple and Starbucks have credited Congressional Republicans and the Trump…Read more… Continue Reading at

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The Trump Administration Won’t Push For Cars That Talk To Each Other

Good morning! Welcome to The Morning Shift, your roundup of the auto news you crave, all in one place every weekday morning. Here are the important stories you need to know.Read more… Continue Reading at

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