Lyft CEO and president stepping down to be replaced by former Amazon execLyft co-founders, CEO Logan Green and president John Zimmer, are stepping down from their roles by mid-April, the company said Wednesday. They will serve as chair and vice chair of Lyft’s board, respectively.
David Risher, a former retail executive at Amazon, will take over the CEO position at Lyft. Lyft’s current chairman, Sean Aggarwal, will step down from his post but will stay on the board.
Green and Zimmer founded Lyft in 2012. Back then, the company was mainly differentiated from Uber by the presence of pink mustaches on Lyft vehicles. Back then, Zimmer told TechCrunch that Lyft had originally thought of doing the service just for women, “as a safety kind of service and a very particular clientele.”
Lyft ditched the mustache in 2016 and went public three years later. When it debuted, Lyft raised more than $2 billion in an afternoon after pricing its shares at $72 each. Today, Lyft closed at $9.60 per share; however, the stock price did jump nearly 6% after hours on the news of Risher taking over as CEO.
Risher joined Amazon in 1997 as the company’s first VP of product and store development. He moved up through the ranks at the side of Amazon founder and executive chairman Jeff Bezos, and served as SVP of marketing and merchandising before leaving Amazon in 2002. He helped transform the company from an online bookstore with $15 million in annual sales to the “everything store” with over $4 billion in sales, according to a statement from Lyft.
Today Risher is the CEO and co-founder of Worldreader, a nonprofit that aims to get children interested in reading. Perhaps it is this community-minded spirit that aligns well with Lyft’s original founding goals as a company. He will step down as CEO there and stay on as board president, according to a LinkedIn post.
Risher, who joined the Lyft board of directors in 2021, will take over the full leadership responsibilities for the company’s operations on April 17, according to the company.
Lyft said there would be no change to the company’s previously announced first-quarter 2023 revenue, contribution margin and adjusted EBITDA outlook. When Lyft shared its fourth-quarter and full year 2022 earnings in February, the company lowered its revenue expectations for Q1 2023 to $975 million, a decline of about $200 million. Analysts had expected the company to promise $1.09 billion in revenue. That guidance sent shares tumbling 25% in after-hours trading to $12.13, and they have continued to drop in the intervening weeks.
Lyft CEO and president stepping down to be replaced by former Amazon exec by Rebecca Bellan originally published on TechCrunch

GoFundMe Set Up for Daughter of Saliva Guitarist Wayne Swinny After his DeathA GoFundMe fundraiser has been organized for guitarist Wayne Swinny's daughter after his death last week. The funds will go towards Wayne's expenses and a trust for his daughter.

Donations can be sent here: gofund.me/6fcfcab7

Bobby Amaru states:

The Saliva family is mourning the tragic loss of our brother Wayne Swinny. Wayne left us suddenly from a spontaneous brain hemorrhage on March 22, 2023. Wayne fought hard, but ultimately lost his battle. The one bright light is the fact that Wayne was an organ donor and was able to donate his liver and kidneys which saved 2 lives.

Wayne leaves behind the love of his life; his beautiful 11-year-old daughter Nikki. Also, his sister Linda, his very tightly bonded Saliva family, countless friends, legions of musicians whom he inspired past and present, and millions of fans across the world.

The pain and loss his loved ones are experiencing is incomprehensible. We are setting up a donation link to help cover Wayne’s expenses and to create a trust for his daughter Nikki. Wayne will miss Nikki’s graduations, dances, extracurricular events, marriage, children...milestones, highlights and those times she would have needed her father’s guidance and strength by her side. We hope to be able to provide her with some support as she begins her journey in life without him. Any donation is greatly appreciated.

The Saliva family is overwhelmed by the amount of love we have received. Thank you all for the posts, calls, e-mails, texts, and prayers. They are greatly appreciated and helping everyone cope during this very trying time.

Wayne was my best friend and bandmate for nearly 12 years. His sister Linda and I discussed creating a gofundme so that a trust could be created for his daughter Nikki.

HOME

Donations can be sent here: gofund.me/6fcfcab7

Spotify For Artists adds Active Audience data, but no way to reach themSpotify for Artists has added “Active Audience,” a new metric offering insights into an artist’s listeners who have streamed their music in the last 28 days. On average, fans who. Continue reading
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Epic Games to share 40% of Fortnite purchase revenue with ‘island’ creatorsEpic says that its flagship game has more than half a billion player accounts
Source

Resonance-Sound MONOCOC Techno Therapy 2 Monococ is finally back with the highly anticipated Techno Therapy 2 Sample Pack. This artist sample pack is perfect for giving your next production the typical Monococ touch.... Read More

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42% of 158M tracks on Spotify were played 10 or fewer times last year67.1 million tracks were played ten or fewer times last year. That is 42.1% of the approximately 158 million tracks available on the top streamer. 38 million tracks on Spotify. Continue reading
The post 42% of 158M tracks on Spotify were played 10 or fewer times last year appeared first on Hypebot.

TikTok is testing limits on music, and users are tuning outA test by TikTok, which limited access to licensed music for some users in Australia, was designed to show labels and publishers that it didn’t need music as much as. Continue reading
The post TikTok is testing limits on music, and users are tuning out appeared first on Hypebot.

Get FREE Plugin Alliance Products With The $20 Surprise Voucher
Plugin Alliance offers a $20 voucher code with no minimum spend. You can use it to get free plugins worth $20 or save $20 on your next purchase. Here’s a neat opportunity to expand your mixing toolkit with a Plugin Alliance product. You can use the $20 voucher code to get any plugin cheaper than [...]
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Agus Hardiman Debuts FREE MONSTER Soundscapes Plugin
Agus Hardiman releases MONSTER Soundscapes, a free soundscape instrument for Windows and macOS. Creating the right sort of ambiance for your track or score can be a difficult task. Agus Hardiman has debuted MONSTER Soundscapes, a free utility that generates an endless atmosphere for your productions. The core interface of MONSTER Soundscapes is straightforward and [...]
View post: Agus Hardiman Debuts FREE MONSTER Soundscapes Plugin

Hollywood Fantasy Orchestra from EastWest EastWest's latest series of sample libraries aims to offer an all-in-one package to creators of fanstasy music, film, TV and game soundtracks.

Bob Clearmountain - Mixing in Atmos event Sound Technology have announced an upcoming event with legendary mix engineer Bob Clearmountain at Platoon 7 studios in London, UK.

Banking crisis pushed over $286B to money market funds in two weeks: ReportMany investors have rotated their portfolio investments due to the banking crisis in the past two weeks, injecting billions of dollars on money market funds in the United States.

Why this round of tech optimism feels differentOne of my most joyous technology memories concerns Project Origami. The effort from Microsoft, Intel and others launched ultra-mobile PCs, or UMPCs. The devices, akin to squeezing a full Windows machine into something about the size of a midrange iPad, often complete with a physical keyboard, utterly fascinated me back around 2006.
At that time I had roughly zero money, so buying one of the devices was entirely out of the question. But, while visiting an electronics store with my father after the first round of UMPCs came out — we were probably hunting up a piece of gear for his business — I walked down one aisle of computing hardware, and, to my astonishment, I found a promotional endcap of UMPC devices. I could use the devices that I had spent so much time nerding out over. It was a bit like meeting a celebrity to my teenaged self. I was bewitched.
I’ve had other moments of pure tech bliss in my life: Back in high school when my friends and I realized that thanks to Gmail’s generous storage limits and my school’s reasonable internet, we could ditch USB sticks entirely and just email files to one another from across the same table. It felt like magic, to use bits instead of anything that we had to carry in our pocket.
Technology has a simply beautiful way of taking your breath away at times, showing you that there is a new shortcut or new way of thinking that is now before you that was previously entirely occluded. This is how the iPhone launch felt, to highlight a well-known example of the phenomenon.
Not much since then has given me the same jolt. Perhaps when I fell in love with Twitter, realizing in an instant that I just tweet as much as I wanted, and no one could stop me; the first moment I had my own blog on the internet and I was freed from any sort of publishing constraint.Why this round of tech optimism feels different by Alex Wilhelm originally published on TechCrunch

LANDR Audio LANDR Guitar LANDR Guitar Weave guitar riffs recorded by world-class guitarists into your music with this intuitive virtual instrument. Curated loops, embellishments, and effects accommodate... Read More