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Lyft is Bringing Back a Version of Shared Rides

CNN | July 18, 2021 6:15 pm (WTTW News) (CNN) Shared rides were a key part of how the founders of Uber and Lyft envisioned disrupting transportation. Back in 2014, the companies raced each other to be first to announce their carpooling options, with the promise of creating a more efficient service that’s also more affordable for riders. Thanks to our sponsors: Then the pandemic hit, and the companies swiftly suspended their shared offerings to help curb the spread of COVID-19. Roughly 16 months later, Lyft is now slowly bringing back a revamped shared rides option. But as it does, it must confront shifting public health concerns as well as financial risks that predated the pandemic. (When asked by CNN Business about its plans for shared rides in the U.S., an Uber spokesperson said the company will “explore re-launching Pool when the time is right and will follow the guidance of health experts.”)

A reckoning for tech: 2020-21 IPOs Coinbase, DoorDash, Bumble, Wish, and Coupang record all-time low stock prices this week – Investment Watch

Note: this post has been expanded from the 5 companies in the title to 11 companies also including Snowflake, Airbnb, Qualtrics, Affirm, Deliveroo and Opendoor. 11 of the biggest COVID tech IPOs in 7 different categories (cloud, crypto, gig economy, app economy, e-commerce, fintech, and real estate), all crashed following stellar public offerings. Prices rounded to the nearest digit. SNOW went down from $430 ATH in Dec to 314 in Feb to 232 on Apr 30 and 185 today. COIN sunk from ATH of 429 to 250 after narrowly missing earnings expectations today. At one point on the day of its IPO, retail traders were lapping up COIN for as much as $

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