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TeoKK
2021-08-21
Great
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TeoKK
2021-08-20
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TeoKK
2021-08-17
Good.
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TeoKK
2021-08-16
like
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TeoKK
2021-08-10
[真香]
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TeoKK
2021-08-06
[强]
Uber, Lyft take different spending routes in race to add drivers
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","text":"[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/899655053","repostId":"2157458815","repostType":4,"repost":{"id":"2157458815","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1628174863,"share":"https://www.laohu8.com/m/news/2157458815?lang=&edition=full","pubTime":"2021-08-05 22:47","market":"us","language":"en","title":"Uber, Lyft take different spending routes in race to add drivers","url":"https://stock-news.laohu8.com/highlight/detail?id=2157458815","media":"Reuters","summary":"(Update: August 5, 2021 at 11:12 a.m. ET)\nAug 5 (Reuters) - A return to business as usual for Uber T","content":"<p><i>(Update: August 5, 2021 at 11:12 a.m. ET)</i></p>\n<p>Aug 5 (Reuters) - A return to business as usual for Uber Technologies Inc and its rival Lyft Inc has thrown up a new challenge to the ride-hailing firms looking for profitability - spend more to bring back drivers to meet the rising demand for rides.</p>\n<p>Between the two, their spending plans have differed.</p>\n<p>Uber shelled out $250 million in the second quarter and has now begun cutting back as it added more hands behind the wheels, while Lyft has decided to keep spending into the third quarter.</p>\n<p>With trip demand so far outpacing driver supply, the ride-hail businesses risk alienating returning customers with higher prices and longer wait times if drivers fail to show up in big numbers.</p>\n<p>Labor shortages have widely hampered an economic recovery in the United States, with the service industry struggling the most to find staff as enhanced U.S. jobless benefits, which are set to phase out in September, keep away workers for now.</p>\n<p>\"Despite the smaller pool of drivers available today, the benefits cliff in September is something Uber and the industry will benefit from,\" Angelo Zino, analyst at CFRA Research said.</p>\n<p>Returning drivers to their platforms is crucial for both Uber and Lyft to grow even as they cut costs amid pressure from investors for profitability.</p>\n<p>To focus on its core ride-hailing, food-delivery and freight services, Uber has sold capital-intensive businesses like self-driving and flying taxi units, while Lyft, a streamlined business compared to Uber, has also been keeping a tight lid on costs.</p>\n<p>In their latest earnings calls, top executives of both companies faced questions from analysts, who have been keeping a close eye on their spending plans, on how Uber and Lyft plan to improve driver supply.</p>\n<p>Uber finance head Nelson Chai said it was reducing direct driver incentives and was allowing drivers to keep a higher share of the fare, while keeping the amount it takes from each ride low.</p>\n<p>\"Unlike at Lyft, where margins improved sequentially, it seems Uber made less use of surge pricing to fund these driver incentives, resulting in the hit to profitability,\" Atlantic Equities analyst James Cordwell said.</p>\n<p>Both companies have said riders in July were returning in greater numbers than at anytime before the pandemic started.</p>\n<p>Lyft jumped over 7% in morning trading, Uber advanced 5%.</p>\n<p><img src=\"https://static.tigerbbs.com/f26198fd1346012a0043f3464e02138a\" tg-width=\"1129\" tg-height=\"653\" width=\"100%\" height=\"auto\"></p>\n<p><img src=\"https://static.tigerbbs.com/4379990678a1006c1d704581e3cb100d\" tg-width=\"1129\" tg-height=\"653\" width=\"100%\" height=\"auto\"></p>\n<p>(Reporting by Tina Bellon in Austin, Texas, Akanksha Rana, Chavi Mehta and Aniruddha Ghosh in Bengaluru; Writing by Subrat Patnaik; Editing by Arun Koyyur)</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber, Lyft take different spending routes in race to add drivers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber, Lyft take different spending routes in race to add drivers\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-05 22:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><i>(Update: August 5, 2021 at 11:12 a.m. ET)</i></p>\n<p>Aug 5 (Reuters) - A return to business as usual for Uber Technologies Inc and its rival Lyft Inc has thrown up a new challenge to the ride-hailing firms looking for profitability - spend more to bring back drivers to meet the rising demand for rides.</p>\n<p>Between the two, their spending plans have differed.</p>\n<p>Uber shelled out $250 million in the second quarter and has now begun cutting back as it added more hands behind the wheels, while Lyft has decided to keep spending into the third quarter.</p>\n<p>With trip demand so far outpacing driver supply, the ride-hail businesses risk alienating returning customers with higher prices and longer wait times if drivers fail to show up in big numbers.</p>\n<p>Labor shortages have widely hampered an economic recovery in the United States, with the service industry struggling the most to find staff as enhanced U.S. jobless benefits, which are set to phase out in September, keep away workers for now.</p>\n<p>\"Despite the smaller pool of drivers available today, the benefits cliff in September is something Uber and the industry will benefit from,\" Angelo Zino, analyst at CFRA Research said.</p>\n<p>Returning drivers to their platforms is crucial for both Uber and Lyft to grow even as they cut costs amid pressure from investors for profitability.</p>\n<p>To focus on its core ride-hailing, food-delivery and freight services, Uber has sold capital-intensive businesses like self-driving and flying taxi units, while Lyft, a streamlined business compared to Uber, has also been keeping a tight lid on costs.</p>\n<p>In their latest earnings calls, top executives of both companies faced questions from analysts, who have been keeping a close eye on their spending plans, on how Uber and Lyft plan to improve driver supply.</p>\n<p>Uber finance head Nelson Chai said it was reducing direct driver incentives and was allowing drivers to keep a higher share of the fare, while keeping the amount it takes from each ride low.</p>\n<p>\"Unlike at Lyft, where margins improved sequentially, it seems Uber made less use of surge pricing to fund these driver incentives, resulting in the hit to profitability,\" Atlantic Equities analyst James Cordwell said.</p>\n<p>Both companies have said riders in July were returning in greater numbers than at anytime before the pandemic started.</p>\n<p>Lyft jumped over 7% in morning trading, Uber advanced 5%.</p>\n<p><img src=\"https://static.tigerbbs.com/f26198fd1346012a0043f3464e02138a\" tg-width=\"1129\" tg-height=\"653\" width=\"100%\" height=\"auto\"></p>\n<p><img src=\"https://static.tigerbbs.com/4379990678a1006c1d704581e3cb100d\" tg-width=\"1129\" tg-height=\"653\" width=\"100%\" height=\"auto\"></p>\n<p>(Reporting by Tina Bellon in Austin, Texas, Akanksha Rana, Chavi Mehta and Aniruddha Ghosh in Bengaluru; Writing by Subrat Patnaik; Editing by Arun Koyyur)</p>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","LYFT":"Lyft, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2157458815","content_text":"(Update: August 5, 2021 at 11:12 a.m. ET)\nAug 5 (Reuters) - A return to business as usual for Uber Technologies Inc and its rival Lyft Inc has thrown up a new challenge to the ride-hailing firms looking for profitability - spend more to bring back drivers to meet the rising demand for rides.\nBetween the two, their spending plans have differed.\nUber shelled out $250 million in the second quarter and has now begun cutting back as it added more hands behind the wheels, while Lyft has decided to keep spending into the third quarter.\nWith trip demand so far outpacing driver supply, the ride-hail businesses risk alienating returning customers with higher prices and longer wait times if drivers fail to show up in big numbers.\nLabor shortages have widely hampered an economic recovery in the United States, with the service industry struggling the most to find staff as enhanced U.S. jobless benefits, which are set to phase out in September, keep away workers for now.\n\"Despite the smaller pool of drivers available today, the benefits cliff in September is something Uber and the industry will benefit from,\" Angelo Zino, analyst at CFRA Research said.\nReturning drivers to their platforms is crucial for both Uber and Lyft to grow even as they cut costs amid pressure from investors for profitability.\nTo focus on its core ride-hailing, food-delivery and freight services, Uber has sold capital-intensive businesses like self-driving and flying taxi units, while Lyft, a streamlined business compared to Uber, has also been keeping a tight lid on costs.\nIn their latest earnings calls, top executives of both companies faced questions from analysts, who have been keeping a close eye on their spending plans, on how Uber and Lyft plan to improve driver supply.\nUber finance head Nelson Chai said it was reducing direct driver incentives and was allowing drivers to keep a higher share of the fare, while keeping the amount it takes from each ride low.\n\"Unlike at Lyft, where margins improved sequentially, it seems Uber made less use of surge pricing to fund these driver incentives, resulting in the hit to profitability,\" Atlantic Equities analyst James Cordwell said.\nBoth companies have said riders in July were returning in greater numbers than at anytime before the pandemic started.\nLyft jumped over 7% in morning trading, Uber advanced 5%.\n\n\n(Reporting by Tina Bellon in Austin, Texas, Akanksha Rana, Chavi Mehta and Aniruddha Ghosh in Bengaluru; Writing by Subrat Patnaik; Editing by Arun Koyyur)","news_type":1},"isVote":1,"tweetType":1,"viewCount":363,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":836730529,"gmtCreate":1629521110161,"gmtModify":1633684258759,"author":{"id":"4091259179210990","authorId":"4091259179210990","name":"TeoKK","avatar":"https://static.tigerbbs.com/63bac5d6abcede7dc2a16f446d5fe6fd","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4091259179210990","authorIdStr":"4091259179210990"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/836730529","repostId":"2161745179","repostType":4,"isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836013368,"gmtCreate":1629436592754,"gmtModify":1633684824487,"author":{"id":"4091259179210990","authorId":"4091259179210990","name":"TeoKK","avatar":"https://static.tigerbbs.com/63bac5d6abcede7dc2a16f446d5fe6fd","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4091259179210990","authorIdStr":"4091259179210990"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/836013368","repostId":"1137437185","repostType":4,"isVote":1,"tweetType":1,"viewCount":438,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839990774,"gmtCreate":1629113493998,"gmtModify":1633687329254,"author":{"id":"4091259179210990","authorId":"4091259179210990","name":"TeoKK","avatar":"https://static.tigerbbs.com/63bac5d6abcede7dc2a16f446d5fe6fd","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4091259179210990","authorIdStr":"4091259179210990"},"themes":[],"htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/839990774","repostId":"1172009872","repostType":4,"repost":{"id":"1172009872","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1629107275,"share":"https://www.laohu8.com/m/news/1172009872?lang=&edition=full","pubTime":"2021-08-16 17:47","market":"us","language":"en","title":"Google, Facebook Announce New Subsea Cable 'Apricot' To Improve Internet Connectivity Across Asia-Pacific","url":"https://stock-news.laohu8.com/highlight/detail?id=1172009872","media":"Benzinga","summary":"Alphabet and Facebook on Sunday announced their participation in a new subsea cable system scheduled","content":"<p><b><a href=\"https://laohu8.com/S/GOOG\">Alphabet</a></b> and <b><a href=\"https://laohu8.com/S/FB\">Facebook</a></b> on Sunday announced their participation in a new subsea cable system scheduled for a 2024 rollout.</p>\n<p><b>What Happened:</b> Apricot subsea cable system will help improve the internet connectivity across the Asia-Pacific region, the companies said.</p>\n<p>The project, which is awaiting approvals, <b>will link Japan, Taiwan, Guam, the Philippines, Indonesia and Singapore</b> when complete — countries where demand for broadband and the 5G wireless connectivity is growing.</p>\n<p>The infrastructure project will help serve growing demand for broadband access and 5G wireless connectivity, the companies said.</p>\n<p>Facebook in March this year said it isfunding two new transpacific subsea cableslinking Singapore to the western coast of the U.S., with Google also participating in one of the projects.</p>\n<p><b>Why It Matters:</b> The two tech giants have been investing in building internet infrastructure across the world. Just last year, Google announced a $10 billion spending plan to help India’s digitization push over the next five to seven years.</p>\n<p>“Network investments like these have had a measurable impact on regional economic activity,” Google said in a statement, adding that network investments in Google’s APAC region between 2010 and 2019 led to an extra $430 billion in aggregate GDP and 1.1 million additional jobs for the region.</p>\n<p><b>Price Action:</b> Facebook shares closed 0.15% higher at $363.18 on Friday.</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Google, Facebook Announce New Subsea Cable 'Apricot' To Improve Internet Connectivity Across Asia-Pacific</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoogle, Facebook Announce New Subsea Cable 'Apricot' To Improve Internet Connectivity Across Asia-Pacific\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-08-16 17:47</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b><a href=\"https://laohu8.com/S/GOOG\">Alphabet</a></b> and <b><a href=\"https://laohu8.com/S/FB\">Facebook</a></b> on Sunday announced their participation in a new subsea cable system scheduled for a 2024 rollout.</p>\n<p><b>What Happened:</b> Apricot subsea cable system will help improve the internet connectivity across the Asia-Pacific region, the companies said.</p>\n<p>The project, which is awaiting approvals, <b>will link Japan, Taiwan, Guam, the Philippines, Indonesia and Singapore</b> when complete — countries where demand for broadband and the 5G wireless connectivity is growing.</p>\n<p>The infrastructure project will help serve growing demand for broadband access and 5G wireless connectivity, the companies said.</p>\n<p>Facebook in March this year said it isfunding two new transpacific subsea cableslinking Singapore to the western coast of the U.S., with Google also participating in one of the projects.</p>\n<p><b>Why It Matters:</b> The two tech giants have been investing in building internet infrastructure across the world. Just last year, Google announced a $10 billion spending plan to help India’s digitization push over the next five to seven years.</p>\n<p>“Network investments like these have had a measurable impact on regional economic activity,” Google said in a statement, adding that network investments in Google’s APAC region between 2010 and 2019 led to an extra $430 billion in aggregate GDP and 1.1 million additional jobs for the region.</p>\n<p><b>Price Action:</b> Facebook shares closed 0.15% higher at $363.18 on Friday.</p>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172009872","content_text":"Alphabet and Facebook on Sunday announced their participation in a new subsea cable system scheduled for a 2024 rollout.\nWhat Happened: Apricot subsea cable system will help improve the internet connectivity across the Asia-Pacific region, the companies said.\nThe project, which is awaiting approvals, will link Japan, Taiwan, Guam, the Philippines, Indonesia and Singapore when complete — countries where demand for broadband and the 5G wireless connectivity is growing.\nThe infrastructure project will help serve growing demand for broadband access and 5G wireless connectivity, the companies said.\nFacebook in March this year said it isfunding two new transpacific subsea cableslinking Singapore to the western coast of the U.S., with Google also participating in one of the projects.\nWhy It Matters: The two tech giants have been investing in building internet infrastructure across the world. Just last year, Google announced a $10 billion spending plan to help India’s digitization push over the next five to seven years.\n“Network investments like these have had a measurable impact on regional economic activity,” Google said in a statement, adding that network investments in Google’s APAC region between 2010 and 2019 led to an extra $430 billion in aggregate GDP and 1.1 million additional jobs for the region.\nPrice Action: Facebook shares closed 0.15% higher at $363.18 on Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839428772,"gmtCreate":1629175614196,"gmtModify":1633686804173,"author":{"id":"4091259179210990","authorId":"4091259179210990","name":"TeoKK","avatar":"https://static.tigerbbs.com/63bac5d6abcede7dc2a16f446d5fe6fd","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4091259179210990","authorIdStr":"4091259179210990"},"themes":[],"htmlText":"Good.","listText":"Good.","text":"Good.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/839428772","repostId":"2160854275","repostType":4,"repost":{"id":"2160854275","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1629171148,"share":"https://www.laohu8.com/m/news/2160854275?lang=&edition=full","pubTime":"2021-08-17 11:32","market":"us","language":"en","title":"How Can Amazon, Microsoft, Netflix, Spotify Gain From New Big Tech Bill?","url":"https://stock-news.laohu8.com/highlight/detail?id=2160854275","media":"Benzinga","summary":"Last Wednesday, a bipartisan group of Senators launched a bill to rein the growing mobile operating ","content":"<p><img src=\"https://static.tigerbbs.com/1e06ed07d3863d7cffd4df0ba07f1776\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>Last Wednesday, a bipartisan group of Senators launched a bill to rein the growing mobile operating system dominance of <b>Apple Inc</b> (NASDAQ: AAPL) and <b>Alphabet Inc</b> (NASDAQ: GOOG) (NASDAQ: GOOGL) Google.</li>\n <li>The Open App Markets Act threatens the iPhone maker's $22 billion in annual high-margin revenue it makes from the App store. Apple has protested against the bill citing user security and privacy concerns, Bloomberg reported</li>\n <li><b>Spotify Technology SA</b> (NYSE: SPOT), Tile Inc, and <b>Match Group Inc</b> (NASDAQ: MTCH) had previously alleged that Apple and Google's app stores are barriers to competition, especially their commissions on mobile device transactions. Epic Games too leveled similar allegations and is seeking its payment system for in-app purchases in its games.</li>\n <li>The bill can have far-reaching consequences if it becomes the law. An iPhone owner would be able to download another app store to bypass Apple's or install apps and its approval process.</li>\n <li>App makers like <b>Amazon.com Inc</b> (NASDAQ: AMZN), <b>Netflix Inc</b> (NASDAQ: NFLX), and Spotify can direct customers to their websites to sign up for subscriptions, dodging Apple's commissions.</li>\n <li>Bloomberg notes that the law could be a boon for Amazon as it owns an app store and Spotify too, which itself has been blamed for unfair competition and shoddy treatment of artists.</li>\n <li><b>Microsoft Corp</b> (NASDAQ: MSFT) can also defend its Xbox gaming service from the bill's provisions by projecting it as an entertainment console instead of a computing platform.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Can Amazon, Microsoft, Netflix, Spotify Gain From New Big Tech Bill?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Can Amazon, Microsoft, Netflix, Spotify Gain From New Big Tech Bill?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-08-17 11:32</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/1e06ed07d3863d7cffd4df0ba07f1776\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>Last Wednesday, a bipartisan group of Senators launched a bill to rein the growing mobile operating system dominance of <b>Apple Inc</b> (NASDAQ: AAPL) and <b>Alphabet Inc</b> (NASDAQ: GOOG) (NASDAQ: GOOGL) Google.</li>\n <li>The Open App Markets Act threatens the iPhone maker's $22 billion in annual high-margin revenue it makes from the App store. Apple has protested against the bill citing user security and privacy concerns, Bloomberg reported</li>\n <li><b>Spotify Technology SA</b> (NYSE: SPOT), Tile Inc, and <b>Match Group Inc</b> (NASDAQ: MTCH) had previously alleged that Apple and Google's app stores are barriers to competition, especially their commissions on mobile device transactions. Epic Games too leveled similar allegations and is seeking its payment system for in-app purchases in its games.</li>\n <li>The bill can have far-reaching consequences if it becomes the law. An iPhone owner would be able to download another app store to bypass Apple's or install apps and its approval process.</li>\n <li>App makers like <b>Amazon.com Inc</b> (NASDAQ: AMZN), <b>Netflix Inc</b> (NASDAQ: NFLX), and Spotify can direct customers to their websites to sign up for subscriptions, dodging Apple's commissions.</li>\n <li>Bloomberg notes that the law could be a boon for Amazon as it owns an app store and Spotify too, which itself has been blamed for unfair competition and shoddy treatment of artists.</li>\n <li><b>Microsoft Corp</b> (NASDAQ: MSFT) can also defend its Xbox gaming service from the bill's provisions by projecting it as an entertainment console instead of a computing platform.</li>\n</ul>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","NFLX":"奈飞","GOOGL":"谷歌A","AAPL":"苹果","NGD":"New Gold","SPOT":"Spotify Technology S.A.","AMZN":"亚马逊","MSFT":"微软"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160854275","content_text":"Last Wednesday, a bipartisan group of Senators launched a bill to rein the growing mobile operating system dominance of Apple Inc (NASDAQ: AAPL) and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google.\nThe Open App Markets Act threatens the iPhone maker's $22 billion in annual high-margin revenue it makes from the App store. Apple has protested against the bill citing user security and privacy concerns, Bloomberg reported\nSpotify Technology SA (NYSE: SPOT), Tile Inc, and Match Group Inc (NASDAQ: MTCH) had previously alleged that Apple and Google's app stores are barriers to competition, especially their commissions on mobile device transactions. Epic Games too leveled similar allegations and is seeking its payment system for in-app purchases in its games.\nThe bill can have far-reaching consequences if it becomes the law. An iPhone owner would be able to download another app store to bypass Apple's or install apps and its approval process.\nApp makers like Amazon.com Inc (NASDAQ: AMZN), Netflix Inc (NASDAQ: NFLX), and Spotify can direct customers to their websites to sign up for subscriptions, dodging Apple's commissions.\nBloomberg notes that the law could be a boon for Amazon as it owns an app store and Spotify too, which itself has been blamed for unfair competition and shoddy treatment of artists.\nMicrosoft Corp (NASDAQ: MSFT) can also defend its Xbox gaming service from the bill's provisions by projecting it as an entertainment console instead of a computing platform.","news_type":1},"isVote":1,"tweetType":1,"viewCount":382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896033020,"gmtCreate":1628528789060,"gmtModify":1633746407789,"author":{"id":"4091259179210990","authorId":"4091259179210990","name":"TeoKK","avatar":"https://static.tigerbbs.com/63bac5d6abcede7dc2a16f446d5fe6fd","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4091259179210990","authorIdStr":"4091259179210990"},"themes":[],"htmlText":"[真香] ","listText":"[真香] ","text":"[真香]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/896033020","repostId":"2158447506","repostType":4,"repost":{"id":"2158447506","kind":"news","pubTimestamp":1628522130,"share":"https://www.laohu8.com/m/news/2158447506?lang=&edition=full","pubTime":"2021-08-09 23:15","market":"us","language":"en","title":"Boeing assessing launch dates in August for Starliner space capsule","url":"https://stock-news.laohu8.com/highlight/detail?id=2158447506","media":"Reuters","summary":"Aug 9 (Reuters) - Boeing Co said on Monday it was assessing multiple dates this month for the launch","content":"<p>Aug 9 (Reuters) - Boeing Co said on Monday it was assessing multiple dates this month for the launch of its CST-100 Starliner space capsule to the International Space Station.</p>\n<p>The company last week postponed the capsule's much awaited launch after discovering a glitch in its propulsion system valves during pre-launch checks.</p>\n<p>Boeing said on Monday it fixed problems over the weekend on more of its 13 CST-100 Starliner propulsion system valves and inspections showed no signs of damage or external corrosion.</p>\n<p>\"Seven of the 13 valves are now operating as designed, with inspection and remediation of the remaining affected valves to be performed in the days ahead,\" the company said.</p>\n<p>Boeing said it was working with NASA and United Launch Alliance, its partnership with Lockheed Martin Corp, to confirm launch dates when the spacecraft is ready.</p>\n<p>The CST-100 Starliner will take people to and from low-earth orbit and Boeing has said a manned mission will take place no earlier than December, as it competes with Elon Musk's SpaceX to be the first to return NASA astronauts to the space station from U.S. soil in nearly a decade. </p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Boeing assessing launch dates in August for Starliner space capsule</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBoeing assessing launch dates in August for Starliner space capsule\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 23:15 GMT+8 <a href=https://finance.yahoo.com/news/boeing-assessing-launch-dates-august-150730278.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 9 (Reuters) - Boeing Co said on Monday it was assessing multiple dates this month for the launch of its CST-100 Starliner space capsule to the International Space Station.\nThe company last week ...</p>\n\n<a href=\"https://finance.yahoo.com/news/boeing-assessing-launch-dates-august-150730278.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BA":"波音"},"source_url":"https://finance.yahoo.com/news/boeing-assessing-launch-dates-august-150730278.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2158447506","content_text":"Aug 9 (Reuters) - Boeing Co said on Monday it was assessing multiple dates this month for the launch of its CST-100 Starliner space capsule to the International Space Station.\nThe company last week postponed the capsule's much awaited launch after discovering a glitch in its propulsion system valves during pre-launch checks.\nBoeing said on Monday it fixed problems over the weekend on more of its 13 CST-100 Starliner propulsion system valves and inspections showed no signs of damage or external corrosion.\n\"Seven of the 13 valves are now operating as designed, with inspection and remediation of the remaining affected valves to be performed in the days ahead,\" the company said.\nBoeing said it was working with NASA and United Launch Alliance, its partnership with Lockheed Martin Corp, to confirm launch dates when the spacecraft is ready.\nThe CST-100 Starliner will take people to and from low-earth orbit and Boeing has said a manned mission will take place no earlier than December, as it competes with Elon Musk's SpaceX to be the first to return NASA astronauts to the space station from U.S. soil in nearly a decade.","news_type":1},"isVote":1,"tweetType":1,"viewCount":355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":899655053,"gmtCreate":1628181097072,"gmtModify":1633752842856,"author":{"id":"4091259179210990","authorId":"4091259179210990","name":"TeoKK","avatar":"https://static.tigerbbs.com/63bac5d6abcede7dc2a16f446d5fe6fd","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4091259179210990","authorIdStr":"4091259179210990"},"themes":[],"htmlText":"[强] ","listText":"[强] ","text":"[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/899655053","repostId":"2157458815","repostType":4,"repost":{"id":"2157458815","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1628174863,"share":"https://www.laohu8.com/m/news/2157458815?lang=&edition=full","pubTime":"2021-08-05 22:47","market":"us","language":"en","title":"Uber, Lyft take different spending routes in race to add drivers","url":"https://stock-news.laohu8.com/highlight/detail?id=2157458815","media":"Reuters","summary":"(Update: August 5, 2021 at 11:12 a.m. ET)\nAug 5 (Reuters) - A return to business as usual for Uber T","content":"<p><i>(Update: August 5, 2021 at 11:12 a.m. ET)</i></p>\n<p>Aug 5 (Reuters) - A return to business as usual for Uber Technologies Inc and its rival Lyft Inc has thrown up a new challenge to the ride-hailing firms looking for profitability - spend more to bring back drivers to meet the rising demand for rides.</p>\n<p>Between the two, their spending plans have differed.</p>\n<p>Uber shelled out $250 million in the second quarter and has now begun cutting back as it added more hands behind the wheels, while Lyft has decided to keep spending into the third quarter.</p>\n<p>With trip demand so far outpacing driver supply, the ride-hail businesses risk alienating returning customers with higher prices and longer wait times if drivers fail to show up in big numbers.</p>\n<p>Labor shortages have widely hampered an economic recovery in the United States, with the service industry struggling the most to find staff as enhanced U.S. jobless benefits, which are set to phase out in September, keep away workers for now.</p>\n<p>\"Despite the smaller pool of drivers available today, the benefits cliff in September is something Uber and the industry will benefit from,\" Angelo Zino, analyst at CFRA Research said.</p>\n<p>Returning drivers to their platforms is crucial for both Uber and Lyft to grow even as they cut costs amid pressure from investors for profitability.</p>\n<p>To focus on its core ride-hailing, food-delivery and freight services, Uber has sold capital-intensive businesses like self-driving and flying taxi units, while Lyft, a streamlined business compared to Uber, has also been keeping a tight lid on costs.</p>\n<p>In their latest earnings calls, top executives of both companies faced questions from analysts, who have been keeping a close eye on their spending plans, on how Uber and Lyft plan to improve driver supply.</p>\n<p>Uber finance head Nelson Chai said it was reducing direct driver incentives and was allowing drivers to keep a higher share of the fare, while keeping the amount it takes from each ride low.</p>\n<p>\"Unlike at Lyft, where margins improved sequentially, it seems Uber made less use of surge pricing to fund these driver incentives, resulting in the hit to profitability,\" Atlantic Equities analyst James Cordwell said.</p>\n<p>Both companies have said riders in July were returning in greater numbers than at anytime before the pandemic started.</p>\n<p>Lyft jumped over 7% in morning trading, Uber advanced 5%.</p>\n<p><img src=\"https://static.tigerbbs.com/f26198fd1346012a0043f3464e02138a\" tg-width=\"1129\" tg-height=\"653\" width=\"100%\" height=\"auto\"></p>\n<p><img src=\"https://static.tigerbbs.com/4379990678a1006c1d704581e3cb100d\" tg-width=\"1129\" tg-height=\"653\" width=\"100%\" height=\"auto\"></p>\n<p>(Reporting by Tina Bellon in Austin, Texas, Akanksha Rana, Chavi Mehta and Aniruddha Ghosh in Bengaluru; Writing by Subrat Patnaik; Editing by Arun Koyyur)</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber, Lyft take different spending routes in race to add drivers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber, Lyft take different spending routes in race to add drivers\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-05 22:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><i>(Update: August 5, 2021 at 11:12 a.m. ET)</i></p>\n<p>Aug 5 (Reuters) - A return to business as usual for Uber Technologies Inc and its rival Lyft Inc has thrown up a new challenge to the ride-hailing firms looking for profitability - spend more to bring back drivers to meet the rising demand for rides.</p>\n<p>Between the two, their spending plans have differed.</p>\n<p>Uber shelled out $250 million in the second quarter and has now begun cutting back as it added more hands behind the wheels, while Lyft has decided to keep spending into the third quarter.</p>\n<p>With trip demand so far outpacing driver supply, the ride-hail businesses risk alienating returning customers with higher prices and longer wait times if drivers fail to show up in big numbers.</p>\n<p>Labor shortages have widely hampered an economic recovery in the United States, with the service industry struggling the most to find staff as enhanced U.S. jobless benefits, which are set to phase out in September, keep away workers for now.</p>\n<p>\"Despite the smaller pool of drivers available today, the benefits cliff in September is something Uber and the industry will benefit from,\" Angelo Zino, analyst at CFRA Research said.</p>\n<p>Returning drivers to their platforms is crucial for both Uber and Lyft to grow even as they cut costs amid pressure from investors for profitability.</p>\n<p>To focus on its core ride-hailing, food-delivery and freight services, Uber has sold capital-intensive businesses like self-driving and flying taxi units, while Lyft, a streamlined business compared to Uber, has also been keeping a tight lid on costs.</p>\n<p>In their latest earnings calls, top executives of both companies faced questions from analysts, who have been keeping a close eye on their spending plans, on how Uber and Lyft plan to improve driver supply.</p>\n<p>Uber finance head Nelson Chai said it was reducing direct driver incentives and was allowing drivers to keep a higher share of the fare, while keeping the amount it takes from each ride low.</p>\n<p>\"Unlike at Lyft, where margins improved sequentially, it seems Uber made less use of surge pricing to fund these driver incentives, resulting in the hit to profitability,\" Atlantic Equities analyst James Cordwell said.</p>\n<p>Both companies have said riders in July were returning in greater numbers than at anytime before the pandemic started.</p>\n<p>Lyft jumped over 7% in morning trading, Uber advanced 5%.</p>\n<p><img src=\"https://static.tigerbbs.com/f26198fd1346012a0043f3464e02138a\" tg-width=\"1129\" tg-height=\"653\" width=\"100%\" height=\"auto\"></p>\n<p><img src=\"https://static.tigerbbs.com/4379990678a1006c1d704581e3cb100d\" tg-width=\"1129\" tg-height=\"653\" width=\"100%\" height=\"auto\"></p>\n<p>(Reporting by Tina Bellon in Austin, Texas, Akanksha Rana, Chavi Mehta and Aniruddha Ghosh in Bengaluru; Writing by Subrat Patnaik; Editing by Arun Koyyur)</p>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","LYFT":"Lyft, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2157458815","content_text":"(Update: August 5, 2021 at 11:12 a.m. ET)\nAug 5 (Reuters) - A return to business as usual for Uber Technologies Inc and its rival Lyft Inc has thrown up a new challenge to the ride-hailing firms looking for profitability - spend more to bring back drivers to meet the rising demand for rides.\nBetween the two, their spending plans have differed.\nUber shelled out $250 million in the second quarter and has now begun cutting back as it added more hands behind the wheels, while Lyft has decided to keep spending into the third quarter.\nWith trip demand so far outpacing driver supply, the ride-hail businesses risk alienating returning customers with higher prices and longer wait times if drivers fail to show up in big numbers.\nLabor shortages have widely hampered an economic recovery in the United States, with the service industry struggling the most to find staff as enhanced U.S. jobless benefits, which are set to phase out in September, keep away workers for now.\n\"Despite the smaller pool of drivers available today, the benefits cliff in September is something Uber and the industry will benefit from,\" Angelo Zino, analyst at CFRA Research said.\nReturning drivers to their platforms is crucial for both Uber and Lyft to grow even as they cut costs amid pressure from investors for profitability.\nTo focus on its core ride-hailing, food-delivery and freight services, Uber has sold capital-intensive businesses like self-driving and flying taxi units, while Lyft, a streamlined business compared to Uber, has also been keeping a tight lid on costs.\nIn their latest earnings calls, top executives of both companies faced questions from analysts, who have been keeping a close eye on their spending plans, on how Uber and Lyft plan to improve driver supply.\nUber finance head Nelson Chai said it was reducing direct driver incentives and was allowing drivers to keep a higher share of the fare, while keeping the amount it takes from each ride low.\n\"Unlike at Lyft, where margins improved sequentially, it seems Uber made less use of surge pricing to fund these driver incentives, resulting in the hit to profitability,\" Atlantic Equities analyst James Cordwell said.\nBoth companies have said riders in July were returning in greater numbers than at anytime before the pandemic started.\nLyft jumped over 7% in morning trading, Uber advanced 5%.\n\n\n(Reporting by Tina Bellon in Austin, Texas, Akanksha Rana, Chavi Mehta and Aniruddha Ghosh in Bengaluru; Writing by Subrat Patnaik; Editing by Arun Koyyur)","news_type":1},"isVote":1,"tweetType":1,"viewCount":363,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}
