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echelon
on Nov 3, 2022
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Lyft to lay off about 700 employees in second roun...
It also impacts the loans that companies frequently take out and the interest-inflated payments they need to service their debt.
UncleOxidant
on Nov 3, 2022
[–]
And this is more likely what's impacting companies like Lyft. Their business model worked in an easy-money environment, but doesn't work in an environment with more normal interest rates where it's harder to borrow money and costs more.
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