business

2/10/25

Lyft shares hit the gas after Mobileye robotaxi rollout announcement

Lyft shares jumped as much as 4% after the ride-hailing company announced plans to roll out self-driving robotaxis in partnership with Mobileye.

The partnership, initially unveiled in November, will kick off the robotaxi service in Dallas starting next year. Riders will be able to book fully autonomous rides through the Lyft app.

The robotaxis will operate using Mobileye’s driver-assistance technology, while Japanese conglomerate Marubeni will supply the fleet. Lyft plans to scale the program to thousands of vehicles across multiple cities.

The announcement comes as Uber prepares to launch its own self-driving service. In September, the company said it would expand its partnership with Waymo to deploy robotaxis in Austin and Atlanta beginning early this year.

Lyft is set to report fourth-quarter earnings on Tuesday.

Lyft Eyes 2026 Robotaxi Launch Alongside Mobileye and Marubeni

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The robotaxis will operate using Mobileye’s driver-assistance technology, while Japanese conglomerate Marubeni will supply the fleet. Lyft plans to scale the program to thousands of vehicles across multiple cities.

The announcement comes as Uber prepares to launch its own self-driving service. In September, the company said it would expand its partnership with Waymo to deploy robotaxis in Austin and Atlanta beginning early this year.

Lyft is set to report fourth-quarter earnings on Tuesday.

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Reddit bounces on report that it’s in talks with Google, OpenAI on fresh data-sharing deal

Reddit shares were down 5% in Wednesday trading before news that the company is in early talks to make its next AI content-sharing deals with Google and OpenAI sent them back up to roughly flat.

According to reporting by Bloomberg, Reddit is seeking a new data deal structure that includes dynamic pricing and would encourage the companies’ AI users to contribute to Reddit.

Reddit reportedly struck deals of $60 million per year with Google and OpenAI last year. The company scored $35 million in “other” revenue — which includes content licensing agreements — in its most recent quarter. That accounted for about 7% of the company’s overall revenue in the period.

“One of the things that we’ve learned, particularly through the data licensing deals is... how essential Reddit is to AI or LLMs as we know them and the next generation of search,” Reddit CEO Steve Huffman said on the company’s July earnings call. “And so I think a lot has changed over the last couple of years. Every variable has changed since we signed those first deals.”

Reddit Seeks to Strike Next AI Content Pact With Google, OpenAI

Reddit Seeks to Strike Next AI Content Pact With Google, OpenAI

Reddit reportedly struck deals of $60 million per year with Google and OpenAI last year. The company scored $35 million in “other” revenue — which includes content licensing agreements — in its most recent quarter. That accounted for about 7% of the company’s overall revenue in the period.

“One of the things that we’ve learned, particularly through the data licensing deals is... how essential Reddit is to AI or LLMs as we know them and the next generation of search,” Reddit CEO Steve Huffman said on the company’s July earnings call. “And so I think a lot has changed over the last couple of years. Every variable has changed since we signed those first deals.”

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VF Corp. is shedding its century-old workwear icon, Dickies, after years of struggle

The brand’s sales have been going backward for three straight years.

9/16/25

Alphabet’s YouTube said it’s paid out over $100 billion to creators, artists, and media companies over the past four years — cementing its place as one of the internet’s biggest talent magnets. The Google-owned platform, which turned 20 this year, credited connected TVs as a major driver of growth.

YouTube said the number of channels earning over $100,000 from TV screens has surged over 45% in the past year alone. Meanwhile, ad revenue for YouTube grew double digits in Q2 to $9.8 billion, topping the Street’s estimates.

business

9/16/25

Webtoon surges after Disney plans to invest and partner in digital push for brands like Marvel and “Star Wars”

Webtoon Entertainment shares jumped 36% in premarket trading Tuesday after Disney said it’s buying a 2% stake in the digital comics platform. The investment is part of a deal to bring Marvel, “Star Wars,” Pixar, and 20th Century Studios titles into a new streaming-style app run by Webtoon. The offering will launch in Q4 across the US and nine other countries.

“With a new platform that will combine our product and technical expertise with Disney’s full comic catalog, we’re giving new and longtime fans all over the world a new way to discover these legendary characters and stories,” said Junkoo Kim, founder and CEO of Webtoon Entertainment.

The platform is expected to host more than 35,000 titles, mixing archived comics with Webtoon originals. Disney+ perks could also be on the table, giving the service a natural tie-in to Disney’s broader streaming play.

The arrangement isn’t final yet: Disney’s stake and the platform details are still under negotiation. But with Webtoon’s ~155 million monthly active users, the partnership gives Disney a mobile-friendly channel for its comics while Webtoon gains the ultimate IP access.

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