Effective June 29, Bill Ready veteran exec and now-former President of Commerce at Google will be handling CEO duties for the visual inspiration platform Pinterest, taking over for Ben.
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By Laura Forman The great ride-share recovery is no freeway. Shares of ride-hailing companies fell Wednesday following Lyft s first-quarter report and went even lower after hours on Uber s earnings release that came 24 hours later. Uber said its full ride-share recovery in places like Australia and Hong Kong has been offset to some degree by continued weakness in places like India and Brazil, where Covid-19 case counts remain high. Meanwhile Lyft, which operates the majority of its business in the U.S., says its ride-share ride recovery peaked in March, at least temporarily, with volumes declining month over month in April as demand outstripped supply.