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Just five years ago, some investors were convinced that Lyft would fail, and board members discussed finding a replacement for CEO Logan Green. Lyft Chairman Sean Aggarwal said on Friday the company will continue to prioritize North American growth over international expansion after completing its IPO women’s cufflink. Uber is in more than 70 countries, although it has consolidated certain overseas markets, while Lyft has stuck to the United States and Canada. “Sticking with that playbook of owning this market (North America) and expanding in this market is how we get to deliver to our public shareholders and the long-term expectations that we set,” Aggarwal said on the sidelines of Lyft’s IPO celebration Friday..
Lyft has explored expanding its service to Australia and Mexico, sources previously told Reuters. Aggarwal also said the company’s co-founders, CEO Green and President John Zimmer, worked in recent weeks to make investors comfortable with Lyft’s dual-class share structure, which has faced criticism from some investors and corporate governance advocates. Although it is common among highly valued tech companies, public market investors still balk at this structure, which gives founders more votes per share and outsized control of the company, long after it is startup-sized women’s cufflink. Lyft’s structure will give the founders and certain other shareholders 20 votes per share..
Instead of celebrating the first day of trading at the Nasdaq in New York, Lyft opted to mark the occasion at a defunct auto dealership in downtown Los Angeles. Lyft’s staff, with family and friends, and Los Angeles Mayor Eric Garcetti gathered before dawn for the kickoff women’s cufflink. The building, unmarked on the outside, gave away nothing about the celebration tucked away in the bowels of the old facility, which had been outfitted with pink confetti and Lyft-branded scooters. Lyft recently bought the facility to turn it into a driver services center, the first of several it plans to open across the United States in the coming months, where drivers can obtain services like help with taxes or charging electric vehicles..
WASHINGTON/NEW YORK (Reuters) – U.S women’s cufflink. President Donald Trump said on Friday that the Federal Reserve made a mistake by raising interest rates and blamed the central bank for hurting the U.S. economy and stock market. “Had the Fed not mistakenly raised interest rates, especially since there is very little inflation, and had they not done the ridiculously timed quantitative tightening, the 3.0 percent GDP, & Stock Market, would have both been much higher & World Markets would be in a better place!,” Trump tweeted..
The remarks were part of a new attack the White House has launched against the independent central bank in their unusual public split. The Fed’s Board of Governors did not immediately comment. No fewer than five Fed officials this week have touted the underlying strength of the American economy and argued a recent spate of weak data on business activity is more likely to prove fleeting than lasting. None said they currently back a rate cut. Prior administrations have taken care not to comment on Fed policy, but Trump has railed repeatedly against the U.S women’s cufflink. central bank’s rate hikes. Friday’s comments were uniquely specific about the course of action now favored by the president..