Getting Lyft-ed

[The beef 675] [I'm an image] “I wish I loved anything as much as Lyft loves losing money.” - Jeff Hey there carnivores, Markets were choppy on Tuesday, as “WFH” stocks continued to plummet, while value stocks and those hampered by lockdowns showed signs of life. Today we’re talking about Lyft’s earnings report. Keep raging, Jeff & Jason [Image] [I'm an image] Need a Lyft? Lyft dropped its earnings after the markets closed on Tuesday, and it did surprisingly well, all things considered (like, ya know, being a wildly unprofitable ride-sharing company). While the company did [report]( a $1.46 loss per share, it beat revenue estimates, bringing in $499.7M compared to analysts $486.6M. Last quarter, the company only earned $339M. The preferred ride-sharer of people banned from Uber posted a net loss of $460M in Q3, just around the same as the $463M it lost last year. Lyft is only losing hundreds of millions, nature is healing. A return to normalcy Lyft reported an active ridership in Q3 of 12.5M, with revenue per rider of $39.94. Last quarter, the ride-share barons saw only 8.7M riders, indicating that perhaps people are willing to allow strangers to taxi them to bottomless brunch again. Not all losses Despite the losses and effects of continued lockdowns, Lyft execs expect the company to be EBITDA profitable by [as early as Q4]( of 2021. Quite possibly the only person on earth [more optimistic is Steve Cohen.]( On the news, shares climbed 6%. It’s been a good week to be Lyft. The company saw a 26% price jump on Monday following Pfizer’s vaccine news, before losing 4% of that gain by the end of the day. Lyft is also riding high following the passing of Prop 22 in California, allowing ride-share services to continue classifying its drivers independent contractors The bottom line... Speaking of companies totally f*cked by 'rona, Airbnb is [delaying]( its long awaited IPO filing. The company had intended to hit the public market on Thursday, but now, the company is trying separate the biggest day in its short history from election drama. In its debut, Airbnb is aiming to raise $3B, marking one of the biggest IPOs of 2020. Airbnb has had a rough year, having cut a quarter of its staff in May, and seeing a 70% drop in reservations. In June, however, reservations were down only 30% from the year prior, a faster recovery than initially expected. [I'm an image] 📢 LIVE Event Happening Right NOW Eight-Figure Trader Kyle Dennis Is Putting On A Trading Clinic! [Alternate text]( This Is Your Exclusive Chance To Watch And Learn From Kyle LIVE [Join The Room Now]( [Alternate text] Ridin' Peloton: "We're having all sorts of supply issues." Also Peloton: "Let's pay the most famous member of Destiny's Child a boat load of money to promote our brand." Peloton is back, baby. After falling 20% on Monday, the company that overcharges for a stationary bike with an iPad taped to it announced a multi-year partnership with Beyoncé to collab on workouts. Financial terms were not disclosed but it's safe to assume that PTON backed up the Brinks truck. It might be worth every penny though, considering Beyoncé is the most requested musical artist among Peloton's 3.6M subscribers. And investors liked what they saw, sending shares up more than 5%. Scootin’ SoftBank is getting into arguably the only business worse than flexible workspaces: electric scooters. Its second Vision Fund will invest $250M in Tier Mobility. The German e-scooter company will use the fresh injection of cash [to expand into more cities]( around Europe and invest in more charging stations. Why not just a long extension cord? Tier, founded in 2018, became profitable in June (weird concept), and its CEO stated he expects the company to be close to [full profitability]( by the end of the year. Cruisin’ Walmart [will team up]( with GM’s Cruise to experiment with delivering customers' orders with Cruise’s driverless vehicles. The pilot, based in Scottsdale, Arizona, will kick off early next year. Hopefully [this goes better]( than Uber’s driverless car testing in AZ… This isn’t the first time Wally World has dipped its toe in the driverless pool, as it has a similar partnership with Alphabet’s Waymo and is also giving drone deliveries a try via Nuro. Your move, Amazon. Macin’ Back in June, Apple announced that it would take two years to completely rid its products of Intel’s processors. And at Apple’s event yesterday, it unveiled three new Mac models, all of which will utilize the new M1 chip designed by Apple. A new MacBook Air, a 13 inch (exaggeration, much?) MacBook Pro, and a Mac mini (that’s more like it) have all hit the market, with prices ranging from $699 for the mini to $1.8k for the Pro. The M1 chip “leads to some impressive specs” compared to Intel’s chips, [according to some nerd](. 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 [(. 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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