The pedal-assist bikes operated by Lyft-owned companies in New York City, San Francisco and Washington were removed based on concerns over the brakes. Source: NYT > Business – TYLER PAGER
A Battle Is Brewing Over Those Digital Billboards on Rideshare Roofs
For L.A.’s billboard merchants, business is booming. As of last spring, billboards on the Sunset Strip were commanding as much as $100,000 a month, thanks to tech’s affinity for outdoor advertising. More recently, Netflix purchased nearly two dozen billboards in the area for a cool $150 mil, and since 2008, the number of digital billboards […]
Missed Out on Lyft I.P.O.? Buying Now Might Be Risky
Lyft jumped on its first day of trading, but investors who bought the stock were mostly losing money. Source: NYT > Business – STEPHEN GROCER