Thread regarding Lyft layoffs

Next Steps

If you look what happened with SNAP after going public, a pattern emerges. In short, there will be a pressure from the Street to bump up financial results, as growth is stalling they will turn to cost cutting. I'd expect 500 to 1000 to be laid off before 1/1/2020 - I may be wrong but I am leaving it here with a time stamp - let's see how my forecasting skills are

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You are completely wrong they can get a huge bump in profitability just by slowing their hiring (1000 in the past 6 months alone!)

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