Lyft earnings: First look at just how bad coronavirus impact has been - Business Insider

Ride-hailing has been hit hard by shelter-in-place orders around the world, and Lyft is no exception.

And while Lyft doesn't have a delivery arm as large as Uber's to make up for some of the ride-hailing losses, its limited global footprint of only North America could prove to be a positive in the long run. "It is now clear that the COVID-19 crisis is going to have broad-reaching implications for the economy, which impacts our business," CEO Logan Green said in a press release at the tine. "We have therefore made the difficult decision to reduce the size of our team. Our guiding principle for decision-making right now is to ensure we emerge from the crisis in the strongest possible position to achieve the company's mission.

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2 New England men are first charged with coronavirus small-business aid fraudTwo New England businessmen were arrested Tuesday on charges of fraudulently seeking federal loans intended for small businesses that have been struggling during the coronavirus pandemic, according to prosecutors. They’re the first as a story. Do u know who really did it first? Donald Trump! Too bad the banks are still holding up the funds!!
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