Trump: ‘I think I’d take’ damaging info on 2020 rival from foreign operatives

President Donald Trump told ABC’s George Stephanopoulos that he would accept information on his 2020 opponent if it was offered by foreign operatives. I think I’d take it. If I thought there was something wrong, I’d go maybe to the FBI,” Trump said. I think I’d take it. If I thought there was something wrong, I’d go maybe to the FBI, if I thought there was something wrong.


President Donald Trump told ABC’s George Stephanopoulos that he would accept information on his 2020 opponent if it was offered by foreign operatives. I think I’d take it. If I thought there was something wrong, I’d go maybe to the FBI,” Trump said. I think I’d take it. If I thought there was something wrong, I’d go maybe to the FBI, if I thought there was something wrong.
Trump: ‘I think I’d take’ damaging info on 2020 rival from foreign operatives Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: christine wang
Keywords: news, cnbc, companies, foreign, damaging, fbi, information, id, stephanopoulos, operatives, life, think, wrong, trump, info, 2020, somebody, rival, opponent


Trump: 'I think I'd take' damaging info on 2020 rival from foreign operatives

President Donald Trump told ABC’s George Stephanopoulos that he would accept information on his 2020 opponent if it was offered by foreign operatives.

In an interview aired Wednesday, Trump presented a hypothetical situation in which “somebody comes up and says, ‘Hey, I have information on your opponent.’ Do you call the FBI?” The president went on to say, “I don’t think in my whole life I’ve ever called the FBI” and, “Give me a break. Life doesn’t work that way.”

When Stephanopoulos challenged Trump, saying that the FBI director believes a person presented with potentially stolen information should call the agency, the president responded, “The FBI director is wrong.”

In a clip circulated on Twitter, Stephanopoulos pushed back on Trump’s insistence to take the information over calling federal authorities, but Trump held firm, saying a person could “do both.”

“There’s nothing wrong with listening,” Trump said in a video from inside the Oval Office.

When Stephanopoulos suggested a transaction of that kind could constitute election interference, the president disagreed.

“It’s not interference. They have information. I think I’d take it. If I thought there was something wrong, I’d go maybe to the FBI,” Trump said.

The taped comments come on the same day the president’s son, Donald Trump Jr., testified before the Senate Intelligence Committee in a closed door hearing. Members were expected to grill him on his meeting with a Russian lawyer linked to the Kremlin at Trump Tower in Manhattan on June 2016. That lawyer claimed to have damaging information about Hillary Clinton, the then-presumptive Democratic presidential nominee.

Watch the full ABC interview.

Below is the transcript of the clip:

Stephanopoulos: Your son, Don Jr., is up before the Senate Intelligence Committee today. And again, he was not charged with anything. In retrospect though- Trump: By the way, not only wasn’t he charged, if you read it, with all of the horrible fake news- I mean, I was reading that my son was going to go too jail — this is a good young man — that he was going to go to jail. And then the report comes out, and they didn’t even say, they hardly even talked about him. Stephanopoulos: Should he have gone to the FBI when he got that email? Trump: OK. Let’s put yourself in a position. You’re a congressman, somebody comes up and says, “Hey, I have information on your opponent. Do you call the FBI? I don’t think- Stephanopoulos: If it’s coming from Russia, you do. Trump: I’ll tell you what, I’ve seen a lot of things over my life. I don’t think in my whole life I’ve ever called the FBI. In my whole life. You don’t call the FBI. You throw somebody out of your office, you do whatever you do- Stephanopoulos: Al Gore got a stolen briefing book. He called the FBI. Trump: Well, that’s different, a stolen briefing book. This isn’t a stolen- This is somebody that said, “We have information on your opponent.” Oh, let me call the FBI. Give me a break. Life doesn’t work that way. Stephanopoulos: The FBI director says that’s what should happen. Trump: The FBI director is wrong. Stephanopoulos: Your campaign this time around, if foreigners, if Russia, if China, if someone else offers you information on opponents, should they accept it or should they call the FBI? Trump: I think maybe you do both. I think you might want to listen. I don’t- There’s nothing wrong with listening. If somebody called from a country — Norway — “We have information on your opponent.” Oh. I think I’d want to hear it. Stephanopoulos: You want that kind of interference in our elections? Trump: It’s not interference. They have information. I think I’d take it. If I thought there was something wrong, I’d go maybe to the FBI, if I thought there was something wrong. But when somebody comes up with oppo research, right, they come up with oppo research. “Oh, let’s call the FBI.” The FBI doesn’t have enough agents to take care of it. When you go and talk, honestly, to congressmen, they all do it. They always have, and that’s the way it is. It’s called oppo research.

— CNBC’s Dan Mangan contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: christine wang
Keywords: news, cnbc, companies, foreign, damaging, fbi, information, id, stephanopoulos, operatives, life, think, wrong, trump, info, 2020, somebody, rival, opponent


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Uber’s European rival Bolt launches in London

Uber’s European rival Bolt is now taking it on in the streets of London. The Estonian ride-hailing company formerly known as Taxify announced its launch in the U.K.’s capital city Tuesday. It joins a growing list of start-ups trying to take market share from Uber in the London metropolitan area. Villig, who founded the company in 2013, said more than 20,000 drivers have already signed up with Bolt ahead of Tuesday’s launch. There were an estimated 87,900 private hire vehicles licensed in London


Uber’s European rival Bolt is now taking it on in the streets of London. The Estonian ride-hailing company formerly known as Taxify announced its launch in the U.K.’s capital city Tuesday. It joins a growing list of start-ups trying to take market share from Uber in the London metropolitan area. Villig, who founded the company in 2013, said more than 20,000 drivers have already signed up with Bolt ahead of Tuesday’s launch. There were an estimated 87,900 private hire vehicles licensed in London
Uber’s European rival Bolt launches in London Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: elizabeth schulze
Keywords: news, cnbc, companies, launch, european, bolt, villig, ridehailing, uber, vehicles, company, london, ubers, uks, rival, launches


Uber's European rival Bolt launches in London

Uber’s European rival Bolt is now taking it on in the streets of London.

The Estonian ride-hailing company formerly known as Taxify announced its launch in the U.K.’s capital city Tuesday. It joins a growing list of start-ups trying to take market share from Uber in the London metropolitan area.

“We see this as quite a monumental thing for both the company and the ride-hailing industry as a whole,” Bolt CEO Markus Villig told CNBC in an interview. “London is one of the biggest, most profitable markets for Uber globally and one where it didn’t have a serious competitor.”

Villig, who founded the company in 2013, said more than 20,000 drivers have already signed up with Bolt ahead of Tuesday’s launch. There were an estimated 87,900 private hire vehicles licensed in London as of March 2018, according to the Department for Transport.


Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: elizabeth schulze
Keywords: news, cnbc, companies, launch, european, bolt, villig, ridehailing, uber, vehicles, company, london, ubers, uks, rival, launches


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A Goldman Sachs rival pulled out of the Apple Card deal on fears it will be a money loser

Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on March 25, 2019, in Cupertino, California. Noah Berger | AFP | Getty ImagesThe sniping began shortly after Apple unveiled its new credit card with Goldman Sachs. The Apple Card, available this summer, highlights the risks as tech giants increasingly partner with banks to infiltrate financial services. Millennial borrowers, presumably a target for the Apple Card, are falling behind on credit card debt by the mo


Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on March 25, 2019, in Cupertino, California. Noah Berger | AFP | Getty ImagesThe sniping began shortly after Apple unveiled its new credit card with Goldman Sachs. The Apple Card, available this summer, highlights the risks as tech giants increasingly partner with banks to infiltrate financial services. Millennial borrowers, presumably a target for the Apple Card, are falling behind on credit card debt by the mo
A Goldman Sachs rival pulled out of the Apple Card deal on fears it will be a money loser Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-28  Authors: hugh son
Keywords: news, cnbc, companies, sachs, money, rival, goldman, fears, bank, apple, profit, credit, deal, banks, loser, card, financial, customers, pulled


A Goldman Sachs rival pulled out of the Apple Card deal on fears it will be a money loser

Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on March 25, 2019, in Cupertino, California. Noah Berger | AFP | Getty Images

The sniping began shortly after Apple unveiled its new credit card with Goldman Sachs. In an elaborate presentation in March, Apple CEO Tim Cook revealed the biggest yet mash-up between the worlds of big tech and big finance, a card that supposedly reimagines consumers’ relationship with plastic. Rivals of the investment bank wasted no time taking shots at the deal. “Dude, if that portfolio ever makes money, I’m buying you a beer,” an employee at the card department of a competitor texted a Goldman staffer. Within the industry, the deal is widely perceived as one that’s risky for a bank to take on. Citigroup was in advanced negotiations with Apple for the card but pulled out amid doubts that it could earn an acceptable profit on the partnership, according to people with knowledge of the talks. Other banks, including J.P. Morgan Chase, Barclays and Synchrony, also bid on the business. Apple and the banks declined to comment on this story. It turns out that the Apple Card’s consumer-friendly features — no fees of any kind, software that actively encourages users to avoid debt or pay it down quickly, and potentially lower interest rates — make it harder for banks to make money on the product. Even features like the card’s calendar-based billing can impact a lender’s cost of funding and servicing, since customers’ borrowing will be concentrated at month-end, rather than spread out over weeks. The Apple Card, available this summer, highlights the risks as tech giants increasingly partner with banks to infiltrate financial services. As the first credit card by Goldman Sachs, it will be a test of whether the bank can profitably scale up a consumer business in the late innings of the U.S. economic expansion. Millennial borrowers, presumably a target for the Apple Card, are falling behind on credit card debt by the most since 2011. “There’s a danger for any bank entering deals like this from a profitability standpoint,” said Forrester analyst Peter Wannemacher. “Increasingly, they’re wary of co-branding deals when it seems likely that the partner firm is the `cooler’ brand. They’ll consider making a deal with a company like Apple or Uber, but the danger is that the economic gains underwhelm.”

Sour grapes

The deal also shines a spotlight on an inherent tension within the trillion-dollar U.S. card industry: Big card issuers profit when customers fall into debt and stay there. Americans paid $113 billion in credit card interest to banks last year, nearly 50% more than five years ago. So adopting the new fintech ethos of zero fees and transparent pricing makes for thinner profit margins. Goldman is “thrilled” to be partnering with Apple, according to Andrew Williams, a spokesman for the New York-based bank. “Goldman Sachs seeks to disrupt consumer finance by putting the customer first,” Williams said in a statement. “We are excited for customers to use Apple Card, which is designed to help people take control of their financial lives.” To be sure, it’s common for banks that don’t win hypercompetitive contracts to immediately downplay the prospects for the winner. For instance, when American Express lost the Costco card to Citigroup in 2015, then-Amex CEO Ken Chenault told investors that “the numbers didn’t add up” and agreeing to Costco’s terms would have meant taking on an unacceptable amount of financial risk. But Chenault’s bitter reaction at the end of a 16-year partnership exposes a reality of these types of deals: Big brands with millions of loyal customers are in the drivers’ seat and command terms that benefit them, not the financial firms making those products possible. The Apple partnership makes more sense for Goldman than Citigroup or J.P. Morgan for several reasons. Under CEO David Solomon, the 150-year-old investment bank is pushing aggressively into consumer finance to help offset a decade-long decline in trading revenues. The Apple deal is likely just the first in a series of partnerships, and starting off with a high-profile partner will help Goldman in future negotiations. Since Goldman has no old technology systems to overhaul or existing card business to defend, it’s not risking a current money maker on a product with razor-thin profit margins. The deal allows Goldman to add millions of customers to its consumer banking platform, which is mostly known by its Marcus brand. But Goldman does have a few hurdles, according to industry insiders. With any card, the goal is to be the first choice in a user’s wallet, but popular products like J.P. Morgan’s Sapphire Reserve have richer rewards. Many of the heaviest card users game the programs by using different cards for various categories of spending, and it’s unlikely they’ll be persuaded to use the Apple Card unless the rewards are improved.

Stiff competition


Company: cnbc, Activity: cnbc, Date: 2019-05-28  Authors: hugh son
Keywords: news, cnbc, companies, sachs, money, rival, goldman, fears, bank, apple, profit, credit, deal, banks, loser, card, financial, customers, pulled


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Starbucks’ China rival Luckin seeks to raise up to $586.5 million in IPO

Luckin Coffee, the Chinese challenger to Starbucks, is looking to raise up to $586.5 million, its filing with the U.S. Securities and Exchange on Monday showed. The company said it expects to offer 34.5 million American depository shares (ADS) priced between $15 and $17 per ADS in an initial public offering. Its recorded a net loss to shareholders of $475.4 million and total revenue of $125.27 million, according to the filing. For the first three months of 2019, it posted a net loss of $85.3 mil


Luckin Coffee, the Chinese challenger to Starbucks, is looking to raise up to $586.5 million, its filing with the U.S. Securities and Exchange on Monday showed. The company said it expects to offer 34.5 million American depository shares (ADS) priced between $15 and $17 per ADS in an initial public offering. Its recorded a net loss to shareholders of $475.4 million and total revenue of $125.27 million, according to the filing. For the first three months of 2019, it posted a net loss of $85.3 mil
Starbucks’ China rival Luckin seeks to raise up to $586.5 million in IPO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: amelia lucas
Keywords: news, cnbc, companies, shares, ads, luckin, coffee, net, seeks, ipo, china, 5865, starbucks, loss, rival, chinese, billion, raise, million, company


Starbucks' China rival Luckin seeks to raise up to $586.5 million in IPO

Luckin Coffee, the Chinese challenger to Starbucks, is looking to raise up to $586.5 million, its filing with the U.S. Securities and Exchange on Monday showed.

The company said it expects to offer 34.5 million American depository shares (ADS) priced between $15 and $17 per ADS in an initial public offering. Each ADS represents eight Class A shares, it said.

Luckin Coffee, which has been expanding at breakneck speed, currently operates 2,370 stores in 28 Chinese cities and plans to open 2,500 more this year as tries to displace Starbucks as China’s largest coffee chain.

The brand is banking on an increase in coffee consumption in China which has almost doubled to 8.7 billion cups last year from 4.4 billion in 2013 and is expected to further rise to 15.5 billion cups by 2023, according to a report cited by Luckin in its prospectus.

Luckin has also expanded outside coffee, allowing customers to buy food and other beverages such as grapefruit cheese jasmine tea and Sichuan cold noodles with pulled chicken via its app.

However, the company, founded in June 2017, is still loss making and has warned it may continue to incur losses in the foreseeable future.

Its recorded a net loss to shareholders of $475.4 million and total revenue of $125.27 million, according to the filing. For the first three months of 2019, it posted a net loss of $85.3 million.

The coffee chain was founded by Chief Executive Qian Zhiya, the former chief operating officer of car rental firm Car, and two other senior executives and is backed by Singapore’s sovereign wealth fund, GIC Pte Ltd.

Other investors in the company include U.S. money manager BlackRock and Chinese investment firms Centurium Capital and Joy Capital.

The company intends to list on Nasdaq under the symbol “LK”. Credit Suisse, Morgan Stanley, CICC and Haitong International are leading a six-member team of IPO underwriters.


Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: amelia lucas
Keywords: news, cnbc, companies, shares, ads, luckin, coffee, net, seeks, ipo, china, 5865, starbucks, loss, rival, chinese, billion, raise, million, company


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China can now rival the US with new innovations in tech, VW finance chief says

China is helping to drive technological change in the automotive sector, the chief financial officer of Volkswagen told CNBC Thursday. “I think for the longest time we have been used to looking to the west coast of the United States when we were talking about innovation and new technologies,” Witter told CNBC’s “Squawk Box Europe.” “This is still valid but at the same time you are absolutely right to point to China,” he added. Witter said that, looking at motor shows in China year-over-year, it


China is helping to drive technological change in the automotive sector, the chief financial officer of Volkswagen told CNBC Thursday. “I think for the longest time we have been used to looking to the west coast of the United States when we were talking about innovation and new technologies,” Witter told CNBC’s “Squawk Box Europe.” “This is still valid but at the same time you are absolutely right to point to China,” he added. Witter said that, looking at motor shows in China year-over-year, it
China can now rival the US with new innovations in tech, VW finance chief says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: anmar frangoul
Keywords: news, cnbc, companies, mobility, finance, technologies, looking, rival, autonomous, telecom, tech, witter, china, vw, told, innovations, chief, technological, volkswagen


China can now rival the US with new innovations in tech, VW finance chief says

China is helping to drive technological change in the automotive sector, the chief financial officer of Volkswagen told CNBC Thursday.

When asked about new innovations such as self-driving cars and 5G mobile networks, VW’s Frank Witter said he was impressed by the rate of technological advancements coming from the world’s second-largest economy.

“I think for the longest time we have been used to looking to the west coast of the United States when we were talking about innovation and new technologies,” Witter told CNBC’s “Squawk Box Europe.”

“This is still valid but at the same time you are absolutely right to point to China,” he added.

Witter said that, looking at motor shows in China year-over-year, it was “just amazing how quickly the industry is progressing,” highlighting development at China’s OEMs (original equipment manufacturers).

“The driver of technology is China, and we are very pleased with the progress we are making, together with our partners but also in Mobility Asia,” he added.

The Volkswagen Group’s relationship with China dates back to 1978. In 2017, it launched a joint-venture with the state-owned Anhui Jianghuai Automobile Co., looking at e-mobility.

In May 2018, it set up Mobility Asia, which focuses on connectivity, smart mobility ecosystems, infrastructure ecosystems, service and data monetization, and autonomous cars.

Looking at the bigger picture, when it comes to autonomous driving a range of technologies are being developed and tested.

At the end of April 2019, South Korean telecoms giant SK Telecom signed an agreement with the Incheon Free Economic Zone (IFEZ) to develop 5G-based self-driving infrastructure.

In a statement at the time, SK Telecom said it would produce a high definition map covering the whole IFEZ area. It added that the map would have “centimeter-level accuracy” and provide information relating to road conditions, lanes, road slopes and speed limits.

5G refers to the fifth generation of mobile networks. While it promises cell phone users incredibly fast browsing experiences, it will also benefit the autonomous vehicle sector through its ability to process reams of information and data simultaneously and quickly.


Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: anmar frangoul
Keywords: news, cnbc, companies, mobility, finance, technologies, looking, rival, autonomous, telecom, tech, witter, china, vw, told, innovations, chief, technological, volkswagen


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Facebook is working on a voice assistant to rival Amazon Alexa and Apple Siri

Facebook is working on a voice assistant to rival the likes of Amazon’s Alexa, Apple’s Siri and the Google Assistant, according to several people familiar with the matter. The effort is being lead by Ira Snyder, director of AR/VR and Facebook Assistant. It’s unclear how exactly Facebook envisions people using the assistant, but it could potentially be used on the company’s Portal video chat smart speakers, the Oculus headsets or other future projects. The Facebook assistant faces stiff competiti


Facebook is working on a voice assistant to rival the likes of Amazon’s Alexa, Apple’s Siri and the Google Assistant, according to several people familiar with the matter. The effort is being lead by Ira Snyder, director of AR/VR and Facebook Assistant. It’s unclear how exactly Facebook envisions people using the assistant, but it could potentially be used on the company’s Portal video chat smart speakers, the Oculus headsets or other future projects. The Facebook assistant faces stiff competiti
Facebook is working on a voice assistant to rival Amazon Alexa and Apple Siri Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: salvador rodriguez, jaap arriens, nurphoto, getty images
Keywords: news, cnbc, companies, smart, reality, portal, apple, assistant, rival, according, effort, amazon, companys, working, video, users, voice, alexa, siri, facebook


Facebook is working on a voice assistant to rival Amazon Alexa and Apple Siri

Facebook is working on a voice assistant to rival the likes of Amazon’s Alexa, Apple’s Siri and the Google Assistant, according to several people familiar with the matter.

The tech company has been working on this new initiative since early 2018. The effort is coming out of the company’s augmented reality and virtual reality group, a division that works on hardware, including the company’s virtual reality Oculus headsets.

A team based out of Redmond, Washington, has been spearheading the effort to build the new AI assistant, according to two former Facebook employees who left the company in recent months. The effort is being lead by Ira Snyder, director of AR/VR and Facebook Assistant. That team has been contacting vendors in the smart speaker supply chain, according to two people familiar.

It’s unclear how exactly Facebook envisions people using the assistant, but it could potentially be used on the company’s Portal video chat smart speakers, the Oculus headsets or other future projects.

The Facebook assistant faces stiff competition. Amazon and Google are far ahead in the smart speaker market with 67% and 30% shares in the U.S. in 2018, respectively, according to eMarketer.

In 2015, Facebook released an AI assistant for its Messenger app called M. It was supposed to help users with smart suggestions, but the project depended heavily on the help of humans and never gained traction. Facebook killed the project last year.

The company in November began selling its Portal video chat device, which lets users place video calls using Facebook Messenger. Users can say “Hey Portal” to initiative very simple commands, but the device also comes equipped with Amazon’s Alexa assistant to handle more complex tasks.

–CNBC’s Jordan Novet contributed to this report.

WATCH: Here’s how to see which apps have access to your Facebook data — and cut them off


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: salvador rodriguez, jaap arriens, nurphoto, getty images
Keywords: news, cnbc, companies, smart, reality, portal, apple, assistant, rival, according, effort, amazon, companys, working, video, users, voice, alexa, siri, facebook


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Lyft isn’t concerned with offering cheaper rides than Uber, co-founders say

Lyft co-founders are focused on offering the best service, not just a cheaper one 5 Hours Ago | 02:17Lyft isn’t concerned with offering cheaper on-demand rides than rival Uber, according to the company’s co-founders. “It’s about getting the best service, having the best software and real world operations.” The dueling ride-hailing companies have drawn increasing comparison in recent months, as each company has raced toward a public offering practically in tandem. “In 2016 and prior, there was a


Lyft co-founders are focused on offering the best service, not just a cheaper one 5 Hours Ago | 02:17Lyft isn’t concerned with offering cheaper on-demand rides than rival Uber, according to the company’s co-founders. “It’s about getting the best service, having the best software and real world operations.” The dueling ride-hailing companies have drawn increasing comparison in recent months, as each company has raced toward a public offering practically in tandem. “In 2016 and prior, there was a
Lyft isn’t concerned with offering cheaper rides than Uber, co-founders say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: sara salinas
Keywords: news, cnbc, companies, uber, best, focused, service, cofounders, offering, zimmer, say, public, rides, lyft, isnt, scale, cheaper, rival, concerned


Lyft isn't concerned with offering cheaper rides than Uber, co-founders say

Lyft co-founders are focused on offering the best service, not just a cheaper one 5 Hours Ago | 02:17

Lyft isn’t concerned with offering cheaper on-demand rides than rival Uber, according to the company’s co-founders.

CEO Logan Green and President John Zimmer spoke to their fiercest competition in an interview with CNBC’s Andrew Ross Sorkin on “Squawk Box” ahead of the stock’s public market debut Friday.

“It’s not about a price battle between the two players anymore,” Zimmer said. “It’s about getting the best service, having the best software and real world operations.”

The dueling ride-hailing companies have drawn increasing comparison in recent months, as each company has raced toward a public offering practically in tandem. Uber and Lyft announced their confidential IPO filings on the same day, though Lyft has now beaten its larger rival to the official debut.

Historically, Lyft has benefited from Uber’s stumbles. Lyft claimed a 60 percent week-over-week jump in passenger activations during #deleteUber movement in January 2017 that stemmed from scandals within Uber around driver conditions and rider safety.

“In 2016 and prior, there was a need for us to get up to scale — scale in our business is a three-minute pick-up time,” Zimmer said. “Now what we have is 80 percent of our passengers are coming in organically. They’re coming in because of the brand, because of the service, [and] because of our driver community.”

Lyft claimed 39 percent of the U.S. ride-hailing market at the end of 2018, according to its IPO prospectus, an increase of 17 percentage points from two year prior. Uber has a significantly larger international presence than Lyft, which is currently only operating in the U.S. and Canada.

“People are choosing Lyft,” Zimmer said. “Lyft is focused on consumer transportation, focused on North America, and focused on taking care of our drivers and passengers, and that’s paying off.”

WATCH: Lyft goes public but has no clear path to make a profit


Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: sara salinas
Keywords: news, cnbc, companies, uber, best, focused, service, cofounders, offering, zimmer, say, public, rides, lyft, isnt, scale, cheaper, rival, concerned


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Lyft isn’t concerned with offering cheaper rides than Uber, co-founders say

Lyft co-founders are focused on offering the best service, not just a cheaper one 9:25 AM ET Fri, 29 March 2019 | 02:17Lyft isn’t concerned with offering cheaper on-demand rides than rival Uber, according to the company’s co-founders. “It’s about getting the best service, having the best software and real world operations.” The dueling ride-hailing companies have drawn increasing comparison in recent months, as each company has raced toward a public offering practically in tandem. “In 2016 and p


Lyft co-founders are focused on offering the best service, not just a cheaper one 9:25 AM ET Fri, 29 March 2019 | 02:17Lyft isn’t concerned with offering cheaper on-demand rides than rival Uber, according to the company’s co-founders. “It’s about getting the best service, having the best software and real world operations.” The dueling ride-hailing companies have drawn increasing comparison in recent months, as each company has raced toward a public offering practically in tandem. “In 2016 and p
Lyft isn’t concerned with offering cheaper rides than Uber, co-founders say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: sara salinas
Keywords: news, cnbc, companies, offering, say, isnt, cheaper, focused, public, uber, best, rides, zimmer, scale, concerned, lyft, rival, cofounders, service


Lyft isn't concerned with offering cheaper rides than Uber, co-founders say

Lyft co-founders are focused on offering the best service, not just a cheaper one 9:25 AM ET Fri, 29 March 2019 | 02:17

Lyft isn’t concerned with offering cheaper on-demand rides than rival Uber, according to the company’s co-founders.

CEO Logan Green and President John Zimmer spoke to their fiercest competition in an interview with CNBC’s Andrew Ross Sorkin on “Squawk Box” ahead of the stock’s public market debut Friday.

“It’s not about a price battle between the two players anymore,” Zimmer said. “It’s about getting the best service, having the best software and real world operations.”

The dueling ride-hailing companies have drawn increasing comparison in recent months, as each company has raced toward a public offering practically in tandem. Uber and Lyft announced their confidential IPO filings on the same day, though Lyft has now beaten its larger rival to the official debut.

Historically, Lyft has benefited from Uber’s stumbles. Lyft claimed a 60 percent week-over-week jump in passenger activations during #deleteUber movement in January 2017 that stemmed from scandals within Uber around driver conditions and rider safety.

“In 2016 and prior, there was a need for us to get up to scale — scale in our business is a three-minute pick-up time,” Zimmer said. “Now what we have is 80 percent of our passengers are coming in organically. They’re coming in because of the brand, because of the service, [and] because of our driver community.”

Lyft claimed 39 percent of the U.S. ride-hailing market at the end of 2018, according to its IPO prospectus, an increase of 17 percentage points from two year prior. Uber has a significantly larger international presence than Lyft, which is currently only operating in the U.S. and Canada.

“People are choosing Lyft,” Zimmer said. “Lyft is focused on consumer transportation, focused on North America, and focused on taking care of our drivers and passengers, and that’s paying off.”

WATCH: Lyft goes public but has no clear path to make a profit


Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: sara salinas
Keywords: news, cnbc, companies, offering, say, isnt, cheaper, focused, public, uber, best, rides, zimmer, scale, concerned, lyft, rival, cofounders, service


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Icelandic airline Wow Air collapses and cancels all flights

Iceland’s low cost carrier Wow Air has canceled all flights and told passengers to book with other airlines. Its website has a travel alert that begins: “Wow Air has ceased operation. All Wow Air flights have been canceled.” In November, it was announced that Icelandair Group, the holding company of rival carrier Icelandair, would acquire the entire share capital of Wow Air but that proposal fell apart within weeks. Founded by chief executive Skuli Mogensen, Wow Air took off for the first time i


Iceland’s low cost carrier Wow Air has canceled all flights and told passengers to book with other airlines. Its website has a travel alert that begins: “Wow Air has ceased operation. All Wow Air flights have been canceled.” In November, it was announced that Icelandair Group, the holding company of rival carrier Icelandair, would acquire the entire share capital of Wow Air but that proposal fell apart within weeks. Founded by chief executive Skuli Mogensen, Wow Air took off for the first time i
Icelandic airline Wow Air collapses and cancels all flights Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-28  Authors: david reid, joel saget, afp, getty images
Keywords: news, cnbc, companies, cancels, passengers, icelandair, wow, collapses, flights, travel, rival, icelandic, weeksfurther, air, alert, airline, carrier


Icelandic airline Wow Air collapses and cancels all flights

Iceland’s low cost carrier Wow Air has canceled all flights and told passengers to book with other airlines.

Its website has a travel alert that begins: “Wow Air has ceased operation. All Wow Air flights have been canceled.”

The alert said people who wanted to travel should now look for “so-called rescue fares” which may now be offered by rival airlines.

Wow added that those who made bookings by credit card or via a European travel agent should try to get their money back through those businesses. It said some passengers may be entitled to compensation from the airline itself.

In November, it was announced that Icelandair Group, the holding company of rival carrier Icelandair, would acquire the entire share capital of Wow Air but that proposal fell apart within weeks.

Further talks between the two airlines ended Sunday.

Founded by chief executive Skuli Mogensen, Wow Air took off for the first time in 2012.

The carrier employed more than 1,000 people by 2018 and in the same year carried around 3.5 million passengers in its 11 aircraft.


Company: cnbc, Activity: cnbc, Date: 2019-03-28  Authors: david reid, joel saget, afp, getty images
Keywords: news, cnbc, companies, cancels, passengers, icelandair, wow, collapses, flights, travel, rival, icelandic, weeksfurther, air, alert, airline, carrier


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A Tesla rival in China wants at least $500 million in funding, and it may try a US IPO

Xpeng Motors, a Chinese rival to Tesla, is seeking at least $500 million in funding and separately looking at a public listing, possibly in the United States, its CEO He Xiaopeng told CNBC on Wednesday. Xpeng began delivery of the G3 SUV — its first car to consumers in China — in December. Speaking to CNBC at the Boao Forum in China, He said the factory — which is owned by another carmaker called Haima — has increased production from 1,000 vehicles, to at least 3,000, a month. Ultimately, Xpeng


Xpeng Motors, a Chinese rival to Tesla, is seeking at least $500 million in funding and separately looking at a public listing, possibly in the United States, its CEO He Xiaopeng told CNBC on Wednesday. Xpeng began delivery of the G3 SUV — its first car to consumers in China — in December. Speaking to CNBC at the Boao Forum in China, He said the factory — which is owned by another carmaker called Haima — has increased production from 1,000 vehicles, to at least 3,000, a month. Ultimately, Xpeng
A Tesla rival in China wants at least $500 million in funding, and it may try a US IPO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: arjun kharpal, giulia marchi, bloomberg, getty images, eunice yoon
Keywords: news, cnbc, companies, xpeng, car, china, 500, ceo, vehicles, million, tesla, ipo, carmaker, 1000, rival, try, funding, motors, wants


A Tesla rival in China wants at least $500 million in funding, and it may try a US IPO

Xpeng Motors, a Chinese rival to Tesla, is seeking at least $500 million in funding and separately looking at a public listing, possibly in the United States, its CEO He Xiaopeng told CNBC on Wednesday.

Founded in 2014, it is one of the many electric car companies that have sprung up in the last few years, as Beijing continues its push for so-called new energy vehicles.

Xpeng began delivery of the G3 SUV — its first car to consumers in China — in December. It has a base price of 227,800 yuan ($33,916).

Speaking to CNBC at the Boao Forum in China, He said the factory — which is owned by another carmaker called Haima — has increased production from 1,000 vehicles, to at least 3,000, a month. The CEO said his goal is to deliver 10,000 cars by July.

Ultimately, Xpeng Motors wants to be able to manufacture 1,000 of the SUVs a week and produce 40,000 this year.

In comparison, Tesla produced 86,555 vehicles in the fourth quarter alone, although the U.S. carmaker undoubtedly produces more models and has been in operation since 2003.


Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: arjun kharpal, giulia marchi, bloomberg, getty images, eunice yoon
Keywords: news, cnbc, companies, xpeng, car, china, 500, ceo, vehicles, million, tesla, ipo, carmaker, 1000, rival, try, funding, motors, wants


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