WEBVTT - Lyft Plunges, Robinhood Sinks, Mattel Slumps

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Tim Stanobek along with Carol Masser, were joined by

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<v Speaker 1>Bloomberg News Equities reporter and Deputy team leader for US

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<v Speaker 1>Equities Carmen Ryanikey. A lot of companies reported in the

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<v Speaker 1>after hours, and we're seeing some pretty pronounced moves in

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<v Speaker 1>the market.

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<v Speaker 3>What do you see, Yeah, let's jump in. So the

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<v Speaker 3>first one that I'm looking at is lift ticker lyft

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<v Speaker 3>so shares are down about fifteen percent right now. So

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<v Speaker 3>the company reported earnings that included a surprise one hundred

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<v Speaker 3>and eighty five million operating loss in the fourth quarter.

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<v Speaker 3>It also is issued a disappointing earnings forecast for the

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<v Speaker 3>start of the year. This is really just a sign

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<v Speaker 3>that some of the global expansion and new product offerings

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<v Speaker 3>that it's had may weigh on profits in the short term.

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<v Speaker 3>Also important to point out that it comes after sort

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<v Speaker 3>of a mixed report from Uber last week, So we're

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<v Speaker 3>really seeing shares fall off here, especially and Yeah, that's

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<v Speaker 3>surprise operating loss.

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<v Speaker 1>Any news on getting the city bike docks shoveled.

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<v Speaker 3>I wish they had news on that. I do email

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<v Speaker 3>like every time there's not a city bike at my dock,

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<v Speaker 3>and it's it's not getting fixed that I have.

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<v Speaker 1>Yeah, so Lift had a blog post last week they

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<v Speaker 1>said they would come out. They've gotten a lot of

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<v Speaker 1>flak about this because like you go to a dock

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<v Speaker 1>and it's says it has like twelve bikes, but you

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<v Speaker 1>can't access any of the bikes because they're like frozen in.

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<v Speaker 1>They're frozen in, and per the guidelines that Lyft has,

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<v Speaker 1>they're responsible for clearing the city the city bike from snow.

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<v Speaker 1>They did say I got a notice on my phone

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<v Speaker 1>last week. They said they'd have it done by early

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<v Speaker 1>this week.

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<v Speaker 4>So it's still tomorrow's Wednesday. Then it's too icy to

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<v Speaker 4>be on a bike right now. You'd be on a

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<v Speaker 4>bike whendn't you.

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<v Speaker 1>I was able to find a bike in last week,

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<v Speaker 1>but only I only did it because the subways were.

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<v Speaker 4>Den Ugh, it's it's been it's been tough commuting all right.

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<v Speaker 4>From lifting the aftermarket down a lot, like fourteen percent,

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<v Speaker 4>I think it is to robin Hood.

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<v Speaker 3>Yeah, so this one's also slipping down about six percent

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<v Speaker 3>in after hours ticker hood. So, I mean this should

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<v Speaker 3>come as no surprise that big sell off in crypto,

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<v Speaker 3>the weakness that we saw in the fourth quarter impacted

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<v Speaker 3>Robinhood's earnings, so their net income tumbled thirty four percent.

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<v Speaker 3>It's pretty big, and specifically revenue from crypto trading dropped

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<v Speaker 3>thirty eight percent, only two hundred and twenty one million

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<v Speaker 3>dollars that after the route and digital asset prices, So

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<v Speaker 3>that's that's really what's weighing on the shares here, also

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<v Speaker 3>extending their slide from the beginning of the year, so

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<v Speaker 3>it was down more than twenty four percent from the

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<v Speaker 3>start of the year at close today.

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<v Speaker 4>Hmm. Yeah, I mean, I don't know, interesting story, right,

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<v Speaker 4>it's been on a tear for a while.

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<v Speaker 1>And yeah, maybe I want to hear from them about

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<v Speaker 1>do you want which part prediction markets? As Neil SIPs

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<v Speaker 1>from Bloomberg Intelligence said, a lot of their prediction markets

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<v Speaker 1>are sports betting or sports predictions. I want to make

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<v Speaker 1>sure I get the terminology right. So curious to hear

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<v Speaker 1>from that company.

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<v Speaker 2>But they did on the call.

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<v Speaker 4>They did the right then they buy a is it

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<v Speaker 4>Georgia State leder X? Is that part of that to

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<v Speaker 4>do that? That's different, right, Like they really are kind

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<v Speaker 4>of building out the business.

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<v Speaker 1>Right, Sorry that one, Oh you're talking about the Susquehanna. Yeah, yeah,

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<v Speaker 1>I think that is that does have to do with

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<v Speaker 1>prediction markets.

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<v Speaker 4>Yeah, okay, so yeah, interesting. Sorry, we're just like you know,

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<v Speaker 4>going through it too. There's a while, a lot of

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<v Speaker 4>moving parts. Let's go to Mattel.

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<v Speaker 3>Yeah, so Mattel ticker m at, the maker of Barbie

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<v Speaker 3>and hot wheels. So there are actually a few things

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<v Speaker 3>going on here. The stock is down a lot, twenty

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<v Speaker 3>five percent right now in after I was training, big

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<v Speaker 3>big drop for shares of Mattel. So, first of all,

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<v Speaker 3>I did report earnings that you know, fell below walls expectations,

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<v Speaker 3>kind of showing that the hopes of sort of a

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<v Speaker 3>bump in sales around Christmas didn't happen. But they also

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<v Speaker 3>had news out that they're buying partner net uses Steak

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<v Speaker 3>in a joint venture to accelerate mobile gaming.

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