Lyft has been a public company for just over a week now, during which its market capitalization has fluctuated between $30 billion (the high, just after the stock opened for trading on March 29) and $22 billion (the low, on Tuesday).
The big picture: Stock market investors can be forgiven for being unclear about how much Lyft is really worth. Lyft doesn't break out how much it's spending on discounts and incentives, for instance, and it doesn't disclose key metrics such as acquisition costs or churn rates, either for passengers or for drivers.
Saudi Aramco, the world's most profitable company, revealed this week that it had $224 billion of pre-tax earnings in 2018.
Details: Some of those earnings were paid to the Saudi royal family in taxes, while $111 billion was retained as profit for Aramco's sole shareholder, which is also the Saudi royal family. That kind of wealth helps to explain why Goldman Sachs CEO David Solomon found himself back in the kingdom this week, less than 6 months after he joined the rest of the world in publicly avoiding the country.
Millennials face one of the toughest economic landscapes of any generation since World War II: they are working for relatively low pay and, for college graduates, they're saddled with an average of some $30,000 in student debt.
But now, they are aboutto confront yet another challenge — robots. Millennials will be the first generation to absorb the full impact of the new age of automation, which, if history is a teacher, will wipe out jobs faster than the economy can create new ones.
The right to drive fast may not be as sacrosanct in the U.S. as Germany, but it comes at a price either way.
Driving the news: "Increased speed limits have killed nearly 37,000 people over the last 25 years, according to new research by the Insurance Institute for Highway Safety," USA Today reports. "The study concluded that a 5 mph increase in the speed limit causes an 8% increase in death rates on interstates and freeways. It causes a 3% increase in deaths on other roads."
Any search engine can quickly reveal your phone number, address and family information with a surprising level of detail.
It can be instantly culled on the open web from sites like White Pages and Spokeo.
Why it matters: This information, combined with social media posts, can be used by anyone to intimidate, harass, or stalk high-visibility people like politicians, business leaders, celebrities and journalists.
The enormous promise of quantum computing has lured big early investments from finance, aerospace, defense, and other tech-soaked industries. But an unexpected player is neck-and-neck with these front-runners: carmakers.
Big auto companies are tinkering with quantum computers in hopes they can solve problems too hefty for today's machines, from cooking up bigger batteries to designing lighter vehicles. And as they experiment, a host of other companies are lingering on the sidelines, watching for the right moment to jump in.