Do you even Lyft?

[The beef 675] [I'm an image] “You won’t like Dr. Fauci when he’s angry.” - Jason Hey there carnivores, Markets were up on Wednesday with tech leading the way. Today we’re discussing Lyft’s earnings. Keep raging, Jeff & Jason [Image] [I'm an image] Do you even Lyft? “Expect the worst, hope for... slightly better.” That was the overarching theme of Lyft’s earnings call yesterday, as the ride-hailing company edged out estimates of a dismal second quarter thanks to COVID-19. Lyft’s loss per share was 86 cents, compared to estimates of 99 cents. Revenue of $339M, which [is a 61% drop]( compared to last year, just beat the forecasted $337M. Maybe some creative accounting? Someone call Ben Affleck. The net loss posted for Q2 was $437.1M, which is actually much less than the $644.2M loss posted a year ago. Which begs the question, is corona good for business? On the bright side If there’s one thing to be encouraged by, it’s that use of the app picked up big time compared to when COVID first started doing us dirty. Monthly rides increased 78% in July compared to April, which is obviously a great sign for Lyft... but is going to really piss off Dr. Fauci. Investors were clearly encouraged though, as shares were up [as high as 6%]( after hours. Kinda like when a dumb kid brings home a C+ test from school. The bottom line... Californians have a lot to brag about… I mean look how showboat-y their commercials are. We get it, you have the Kardashians and avocados. But one thing they may not have going forward are ride-hailing apps, as Lyft and Uber [both announced Wednesday]( that they may suspend service in the Golden State. Why? Well, a state court recently ruled that ride-hailing drivers should be classified as employees, which would require the companies to provide benefits and unemployment insurance for them *gasps*. Both Uber and Lyft are hoping the court overturns its ruling following... obviously. [Image] [Jason Bond Is Going Live Today At 2 PM LIVE]( [I'm an image] ☑️Moderna love. Drug manufacturer Moderna has [finalized a deal]( with the US government to supply 100M doses of its Covid-19 vaccine. But there's no such thing as a free lunch. Uncle Sam will pay $1.5B for the doses (not that kind, Dead-heads). The agreement didn’t move the needle much for Moderna’s stock price, rising just 0.8% as the US has already agreed to deals totaling $9B with companies like Pfizer, AstraZeneca, and Johnson & Johnson. No word on when the US will be engaging the Russian government. With more supply, comes lower prices. The deal values each vaccine at about $15 per dose which is below the $32 to $37 for a smaller batch deal. I guess size does matter. ☑️Backseat driver. Goldman Sachs [wants in]( on GM’s credit card business. Like a lot. The investment bank is looking to double down on its consumer banking play but is really betting on the future of the smart car, where people pay for gas, food, and groceries all from the driver seat. Just because D-Sol wants, does not mean D-Sol gets. GM has not officially announced that it is replacing its current card issuer, Capital One. Even if it does look for a new boo-thang, Barclays is also said to be in the running for GM’s business. ☑️That’s plenty. I bet you didn’t know SoftBank was in the agriculture business. Well, it is. And it’s ag-tech (yes, that’s a thing) unicorn Plenty announced it is [partnering]( with Albertson’s grocery store to provide organic baby arugula, baby kale, crispy lettuce and mizuna mix to 430 stores. If vegan’s experience joy, now would be one of those moments. The deal is a big step for Plenty. The data company uses machine learning and customized lighting to optimize for taste… as it grows food most commonly eaten by rabbits. The concept of a “vertically integrated farming company” doesn’t sound sexy but the company’s goal of making produce accessible to 500 urban centers around the world is. Plenty was last valued at $1.05B after raising $175M in a Series C deal last year. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website,application or other service ("Services"), please review our full disclaimer located at [(disclaimer. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. 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