Day: May 7, 2020

How Lyft intends to navigate and survive COVID-19 – TechCrunch

A glimpse at Lyft’s stock price Wednesday, which soared as much as 16.77% after first-quarter earnings were reported, suggested all was well in the ride-hailing company’s world.

In this COVID 19-era, “well” is a relative term. Lyft’s net losses did dramatically improve from the year-ago quarter (a loss of $398 million versus $1.1 billion in Q1 2019). However, Lyft was clear in its earnings call: COVID-19 had a profound impact on its customers and its business and the future was uncertain.

“It is impossible to accurately predict the duration and depth of the economic downturn we face,” Lyft CFO Brian Roberts said during an earnings call Wednesday afternoon. “Our business may be impacted for an extended period of time. So we must be prepared to adapt accordingly.”

The difficulty of predicting what will happen has hamstrung thousands of companies trying to navigate the COVID-19 pandemic. Last month, Lyft withdrew its

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How Tesla uses open source to generate resilience in modern electric grids

Commentary: Two key open source projects–Kubernetes and Akka–have a lot to do in Tesla’s vision of the electric grid.

Image: Getty/Justin Sullivan

You’re reading this article on a glowing screen powered by an electric grid, the largest and most complex machine ever created. Largely built on 20th century technology, it is the result of millions of interconnected devices working together in highly synchronized ways. Each of these elements behaves individually according to laws of physics. But there is a mystery to how the whole actually works that can baffle even experts in complexity theory.
 
In other words, we know how the power grid works in theory. It is a collection of a large number of engineered devices, each of which has been programmed (like ants) to follow certain instructions, leading to highly coordinated collective behaviors.
 
But what if you wanted to build a modern electrical grid like, say, Tesla? You’d

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Mobility companies pivot to helping critical workers as everyone else stays at home

Uber delivers free meals, Lyft offers free bike subscriptions, and Via gets hospital employees to and from work after hours.

Since the start of the coronavirus pandemic, scooter companies have laid off workers, rides on Lyft and Uber have dropped more than 60%, and testing for autonomous vehicles has been paused. Taking hospital employees and other frontline workers to and from work may be a small bright spot for mobility companies during the coronavirus pandemic.

SEE: Coronavirus: Critical IT policies and tools every business needs (TechRepublic Premium)

Via, an on-demand ride hailing service, and the city of Washington, D.C., launched a service to 
provide on-demand transit service for essential healthcare workers at two D.C. metro area hospitals during the COVID-19 pandemic.

Mobility company Via and Washington DC are offering rides to work afterhours for hospital employees.

Image: Via

The project has repurposed the existing D.C. Neighborhood Connect service to

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