Facebook Teaming Up with Lyft to Increase Outreach in Crises
Facebook is teaming up with organizations such as Lyft to make it easier to help people during a crisis. Now these companies can provide critical information, and services directly on the Community Help page. Lyft's Head of Social Impact Mike Masserman and Facebook's Social Good Product Lead Asha Sharma explain how this new integration works.
"We've seen the communities come together and use in a lot of different types of crises over the last year," said Sharma. "Now that we have organizations involved there's an opportunity to actually help people in a crisis get the services they need."
"In the wake of the hurricanes in Florida and Texas we formalized this program to provide people with free reduced rides to hospitals and shelters," said Masserman. "We think this is a great evolution of that program to make sure that more people and communities during times of crisis know these relief rides are available to them."
Image-sharing app Pinterest reported big beats on its Q4 earnings for the top and bottom lines. The social platform surprised investors after seeing a decline in users while earnings and revenue were much higher than expected.
Stocks closed at session lows Thursday, mostly due to a larger tech selloff after Facebook parent company Meta reported weak earnings results one day before. The Nasdaq closed down nearly 4% for its worst day since September 2020. Erin Gibbs, Chief Investment Officer at Main Street Asset Management, joins Closing Bell to discuss today's close, Meta earnings, Amazon earnings, and more
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Chen Arad, Chief Operating Officer for Solidus Labs, joins Cheddar News' Closing Bell, where he explains why Wormhole was particularly vulnerable to a $320+ million crypto hack and discusses what new investors need to do in order to protect their assets.
