Business Briefs: Lyft, CBS, AlexaPosted: Updated:
Lyft is on Uber's tail. The No. 2 ridesharing service in the U.S. says it holds 35 percent of the market, a 20 percent increase from 18 months ago. The news comes after Uber's turbulent year. Lyft says its recent success is due to new passengers and greater brand awareness. The company's CFO says there are no signs of the momentum slowing down.
CBS is suing CBS. The company's board is unhappy with controlling shareholder Shari Redstone, who is pushing for a merger between CBS and Viacom. Redstone also holds a majority stake in Viacom. The board is attempting to dilute her voting shares so she does not have a controlling stake. CBS’s board pushed back against Redstone when she pursued the same deal back in 2016.
According to data from the Social Security Administration, the name Alexa has declined in popularity by 33 percent since the release of Amazon's virtual assistant. The same goes for Apple's “Siri,” even though it's not a name you hear so often. Seven years ago, 120 people were named Siri. That number was down to only 20 last year.