Connect with us

News

Alphabet to invest $1B in Lyft after investment in Uber turns sour

Published

on

Alphabet to invest 1B in Lyft after investment in Uber turns sour

Google’s parent company, Alphabet, is leading a $1 billion investment in Lyft as the ride-sharing company explores the possibility of going public in 2018. This is particularly interesting because Google Ventures was an early investor in Lyft’s main competitor, Uber.

If Lyft moves forward with an IPO in 2018, it will propel the burgeoning ride-sharing industry. Currently, around half a percent of the miles driven in the United States are done through ride-sharing, leaving a tremendous upside potential for the industry.

There’s a good chance that this investment by Alphabet may be driven by more than just good business practices. Uber has been sued by Waymo, the self-driving car unit owned by Alphabet, for allegedly stealing trade secrets after hiring a former Google employee.

Uber is currently valued at $70 billion compared to Lyft at $10 billion, but Uber has been embroiled in multiple scandals and lawsuits recently. Their co-founder and former CEO was ousted this year by the board.

“Ride-sharing is still in its early days,” said David Lawee, a partner at Alphabet’s investment arm, CapitalG. “We look forward to seeing Lyft continue its impressive growth.”

Lawee will assume a role on the board at Lyft as part of the investment deal.

Further Reading

Alphabet leads $1 billion Lyft investment – Axios

https://www.axios.com/google-invests-1-billion-into-lyft-2498537658.htmlGoogle parent company Alphabet today announced that it has led a $1 billion in ride-hailing company Lyft at an $11 billion post-money valuation, one month after Axios first reported that the two companies were in talks. The investment came via CapitalG, Alphabet’s growth equity unit, with CapitalG partner David Lawee joining Lyft’s board of directors.

Why it matters: Alphabet was an early investor in Lyft rival Uber via its Google Ventures unit, but since has become a legal antagonist.

What Alphabet’s big investment in Lyft means for self-driving cars – Business Insider

http://www.businessinsider.com/alphabet-investment-lyft-uber-self-driving-cars-2017-10This is important because self-driving cars are unlikely to exist without a mobility service to support them. The vehicles are far too costly to own and can only seriously thrive as a method to cut taxi costs, encouraging more frequent ridership.

Major automakers see this as well. GM has invested $500 million in Lyft, Volvo has partnered with Uber, and companies like Ford have launched their own car-sharing services.

A quarter of American drivers might be better off using Uber or Lyft than owning a car – MarketWatch

http://www.marketwatch.com/story/a-quarter-of-american-drivers-might-be-better-off-using-uber-or-lyft-than-owning-a-car-2017-10-19We’ve conducted an analysis of the all-in cost of car ownership, and we found that mobility services such as ride-hailing and ride-sharing apps — which few people today would consider their main mode of transportation — will likely provide a compelling economic option for a significant portion of Americans. In fact, if the full cost of ownership is accounted for, we found that potentially one-quarter of the entire U.S. driving population might be better off using ride services versus owning a car.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Trump signals support for Roy Moore by defending him, denouncing his opponent

Published

on

Trump signals support for Roy Moore by defending him denouncing his opponent

President Trump didn’t give a strong endorsement to Alabama’s GOP candidate for Senate, Roy Moore, but he left the door open for it to come in the future. He also didn’t deny the possibility that he could be campaigning for Moore.

When asked if he would be, the President replied, “I’ll let you know next week.”

One thing is clear: he definitely doesn’t want Democrat Doug Jones to take the seat that was once held by Attorney General Jeff Sessions. This desire to stop Jones may be enough for the President to break from most Republican Senators and Congressman who have broken ties and unendorsed Moore.

“We don’t need a liberal Democrat in that seat,” said Trump. “He [Roy Moore] totally denies them, you have to listen to him also … we don’t need somebody soft on crime like Jones.”

My Take

This makes sense for the President and not just for party reasons. As someone who has also been accused multiple times of sexual misconduct, it behooves him to stand by someone who has had accusations made against him. At this point, there seems to be a sliver of doubt being cast on some of the allegations, though a majority of Republicans on Capitol Hill are treating them as credible.

In Moore’s defense, the President reiterated a point that Moore has been making since the allegations were first reported by the Washington Post:

“I do have to say, 40 years is a long time. He has run eight races and this has never come up.”

If the President chooses to campaign for Moore next week, he’ll be running squarely against the Senate Majority Leader, Mitch McConnell. Before the allegations were reported, it was very unlikely McConnell would have supported Moore, though he certainly wouldn’t have opposed them. Moments after the allegations were released, McConnell and many of his cronies were instantaneous in their rebukes against Moore. McConnell has also indicated he would immediately open an ethics investigation against Moore if he wins the election on December 12.

The race is tighter than one might expect when a candidate is accused of sexually assaulting children while in his thirties. In conservative Alabama, a nod from the President may even be enough to push Moore over the top.

Further Reading

President Trump Slams Judge Roy Moore’s Democrat Opponent Doug Jones

https://thepolitistick.com/president-trump-slams-roy-moores-democrat-opponent-doug-jones-terrible-bad-liberal-video/President Donald Trump all but endorsed Ten Commandments Judge Roy Moore on Tuesday in an exchange with reporters, casting doubt on the allegations against the legendary former Chief Justice of the Alabama Supreme Court, a Christian conservative constitutionalist.

Reporters pressed Trump on whether he believed the various allegations against Moore that have been orchestrated less than a month away from the December 12, Alabama U.S. Senate election.

The President repeated that Judge Moore “totally denies” the claims, revealing that Moore told him that himself and that he’s a “very special guy.”

Continue Reading

Media

CBS fires Charlie Rose

Published

on

Charlie Rose fired by CBS

Charlie Rose, following a report from the Washington Post that he allegedly sexually harassed eight women, has been fired by CBS. He is also currently suspended by PBS and Bloomberg.

CBS News President David Rhodes said in a statement, “Despite Charlie’s important journalistic contribution to our news division, there is absolutely nothing more important, in this or any organization, than ensuring a safe, professional workplace.”

This is the latest in a long string of powerful men being taken down by the alleged past actions regarding sexual misconduct.

Further Reading

Eight women say Charlie Rose sexually harassed them — with nudity, groping and lewd calls

https://www.washingtonpost.com/investigations/eight-women-say-charlie-rose-sexually-harassed-them--with-nudity-groping-and-lewd-calls/2017/11/20/9b168de8-caec-11e7-8321-481fd63f174d_story.html?utm_term=.5ca9ed5d45b5Eight women have told The Washington Post that longtime television host Charlie Rose made unwanted sexual advances toward them, including lewd phone calls, walking around naked in their presence, or groping their breasts, buttocks or genital areas.

The women were employees or aspired to work for Rose at the “Charlie Rose” show from the late 1990s to as recently as 2011. They ranged in age from 21 to 37 at the time of the alleged encounters. Rose, 75, whose show airs on PBS and Bloomberg TV, also co-hosts “CBS This Morning” and is a contributing correspondent for “60 Minutes.”

Charlie Rose out at CBS News amid sexual harassment allegations

http://www.nydailynews.com/entertainment/tv/charlie-rose-cbs-news-sexual-harassment-allegations-article-1.3648615Veteran TV news anchor Charlie Rose has been fired from CBS News a day after reports emerged that he sexually harassed numerous women since the 1990s.

CBS News President David Rhodes emailed staff Tuesday that Rose was let go over the “extremely disturbing and intolerable behavior” reported at his interview show.

BREAKING: Charlie Rose Fired by CBS Over Sexual Misconduct Allegations

https://www.redstate.com/brandon_morse/2017/11/21/charlie-rose-fired-cbs/According to the Associated Press, Rose has been terminated from the network after eight different women came forward and accused Rose of sexual harassment and assault, including walking around naked in front of them, lewd phone calls, and inappropriate touching.

CBS initially suspended Rose when the news broke.

Rose soon released a statement in which he said he takes responsibility for his actions, though he felt these feelings were shared between him and the women he was pursuing.

Continue Reading

News

Things are looking better for Roy Moore

Published

on

Things are looking better for Roy Moore

A general rule in politics is that if you win, you seek to win big. There are plenty of political brownie points to be scored and talking points to be made when circumstance shift in one side’s favor. The left made major gains off of the Washington Post article, and the right is trying to mitigate these points with Al Franken. Roy Moore is looking to capitalize on Gloria Allred and Beverly Nelson. Monday night he posted these statements on his twitter account.

In this tweet, Roy Moore shows that his campaign investigated the claims made against him and some key witnesses express their discrepancies with the details presented by Allred. Two of the witnesses, Rhonda Ledbetter and Renee Schivera were employed at or around the time Nelson claims to have worked their. The other witness, Johnny Belyeu, is someone who by his police experience would have known Moore and also so happened to have been a regular at Olde Hickory House. His testimony is that he never saw the Judge there and never saw Nelson working either. This corroborates what the other two witnesses said. None ever saw Moore there and none remember working with Nelson.

In rendering their accounts, Moore’s witnesses dispute the closing time of the restaurant, the setting specifically the isolation and location of the dumpsters, and the minimum age of an employee. They even lay the claim that they the media refused their testimony. If true, Roy Moore is almost vindicated. Beverly Nelson already appears to lack credibility with her lawyer’s refusal to hand the yearbook to a third party in order to allow experts to analyze the handwriting.

 

Perspectives

DailyWire: WATCH: Former Alabama Mall Manager Says Roy Moore WASN’T Banned Over Harassment Claims

The former manager of the mall in Alabama that some claim GOP Senate candidate Roy Moore was banned from dropped a bombshell in a recent interview with a local FOX affiliate station in Birmingham.

Barnes Boyle, who managed the Gadsden Mall from 1981 to 1996, told WBRC FOX 6 on Wednesday that Roy Moore was not actually banned from the local mall for approaching teenaged girls.

“Sure, it was part of the job,” Boyle said. “We did have written reports and things. But to my knowledge, he was not banned from the mall.”

Boyle’s claims directly contradict a report in The New Yorker, a strong left-leaning publication, that said Moore was banned from the mall for soliciting sex from teenagers.
RCP: Alabama Senate Special Election – Moore vs. Jones (December 12)

RCP Average: Jones +0.2

Polling Data

Poll Date Sample MoE
Jones (D)
Moore (R)
Spread
RCP Average 11/9 – 11/15 46.5 46.3 Jones +0.2
Gravis 11/14 – 11/15 628 LV 3.5 47 42 Jones +5
FOX News 11/13 – 11/15 649 LV 3.5 50 42 Jones +8
FOX 10/Strategy Research 11/13 – 11/13 3000 LV 2.0 43 49 Moore +6
Emerson 11/9 – 11/11 600 LV 3.9 45 55 Moore +10
JMC Analytics* 11/9 – 11/11 575 LV 4.1 48 44 Jones +4
Opinion Savvy 11/9 – 11/9 515 LV 4.3 46 46 Tie
NOQReport: Roy Moore is really Alabama versus the world

If the pundits, journalists and politicians in Washington D.C. want Roy Moore to step down, Alabama voters are more likely to want him elected. If Mitch McConnell says Moore will be expelled if seated, Alabamians will reply “screw you, Mitch.”

Everything happening with Roy Moore, from an Alabama voter’s point of view, is simply more federal carpetbaggers telling them what to do, who to elect, and how to live. Alabama voters, even the ones who don’t agree with Moore’s religious stance, don’t take kindly to that kind of lecturing from outsiders. There’s been a whole lot of lecturing about Roy Moore, if you haven’t noticed. It doesn’t matter if they’re right, if you haven’t noticed. Being right has little to do with it.

This is the reason the Alabama GOP has refused to step away from Moore. They know.

Reactions

 

Final Thoughts

If Roy Moore can successfully debunk one accuser, momentum builds to show that the others are lying as well. When someone is accuse of horrid actions, we should lend an ear to hear their defense. Roy Moore brought fourth witnesses on his behalf that collectively are more credible than Beverly Nelson. This is a victory for Moore. This allows him to show the Alabama voters that the media is trying to control this election. Alabama is not a docile state when it comes to DC politics, and Moore has capitalized off of that so far, and now has more fuel for that fire.

If the other accusers are honest, they should really be hating Gloria Allred for bringing such an unprepared accuser to the spotlight. Her story is crumbling fast and it detracts away from the seriousness of the others. If Moore ends up winning, Allred’s lies will be a major contributing factor, even if the others are true.

The poll numbers aren’t entirely worth looking at for the largest sample size shows Moore ahead. Honestly, it’s going to be hard for Jones to convince Roy Moore defectors to come out and vote for him. The same struggle is true for Moore. Also these polls may suffer from a Halo effect, where respondents didn’t want to admit their intentions on voting for Moore. This is one of the reasons I think polls showed Hillary winning. Either way, Roy Moore is having a better week this week than last week. He might be beginning to whether the media blitzkrieg.

Continue Reading

NOQ Report Daily

Advertisement

Facebook

Twitter

Advertisement

Trending

Copyright © 2017 NOQ Report.