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Lyft stock soars thanks to Taylor Swift, Beyoncé and layoffs

The Guardian

Lyft beat estimates for fourth-quarter profit on Tuesday and said it would generate positive free cash flow for the first time in 2024, as the ride-share platform reaps the benefits of heavy cost cuts. Company shares surged nearly 60% in extended trading but erased a third of those gains after the CFO corrected a major mistake in the earnings report. Erin Brewer had said that the company would grow by 500 basis points (5%) in 2024, but later said that the real increase would be a factor of 10 lower – 50 basis points (0.5%). In 2023, the stock gained about 36%. Rides to stadiums grew more than 35% last year from 2022, mainly driven by Taylor Swift's Eras Tour, Beyoncé's Renaissance World Tour and sporting events, Lyft said.

  Country: North America > United States > New York (0.06)
  Genre: Financial News (1.00)
  Industry:

Campaign 2018: Artificial intelligence is automating attacks on political campaigns

#artificialintelligence

Automation enabled by artificial intelligence has exposed political campaigns to high-tech vulnerabilities at a fast clip, changing the way the organizations need to protect sensitive data. As the 2018 midterm elections approach, political campaigns have been fending off automated attacks. Those include phishing attacks, which attempt to get staff members to divulge their passwords, and password stuffing, a technique in which hackers recycle credentials harvested from other data breaches. AI has sped up the attack process. The result: More political campaigns are at a greater risk of hacks that expose sensitive data.


Inside Google's Global Campaign to Shut Down Phishing

WIRED

At the beginning of May, a phishing scam flooded the web, disguised as a typical Google Docs request. Some of the emails even appeared to come from acquaintances. If victims clicked through and granted seemingly innocuous permissions, they exposed their entire Gmail account to whoever was behind the scam. It was an explosive scheme. And Google responded in kind.