Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Tim Stanobek along with Carol Masser, were joined by
Speaker 1: Bloomberg News Equities reporter and Deputy team leader for US
Speaker 1: Equities Carmen Ryanikey. A lot of companies reported in the
Speaker 1: after hours, and we're seeing some pretty pronounced moves in
Speaker 1: the market.
Speaker 3: What do you see, Yeah, let's jump in. So the
Speaker 3: first one that I'm looking at is lift ticker lyft
Speaker 3: so shares are down about fifteen percent right now. So
Speaker 3: the company reported earnings that included a surprise one hundred
Speaker 3: and eighty five million operating loss in the fourth quarter.
Speaker 3: It also is issued a disappointing earnings forecast for the
Speaker 3: start of the year. This is really just a sign
Speaker 3: that some of the global expansion and new product offerings
Speaker 3: that it's had may weigh on profits in the short term.
Speaker 3: Also important to point out that it comes after sort
Speaker 3: of a mixed report from Uber last week, So we're
Speaker 3: really seeing shares fall off here, especially and Yeah, that's
Speaker 3: surprise operating loss.
Speaker 1: Any news on getting the city bike docks shoveled.
Speaker 3: I wish they had news on that. I do email
Speaker 3: like every time there's not a city bike at my dock,
Speaker 3: and it's it's not getting fixed that I have.
Speaker 1: Yeah, so Lift had a blog post last week they
Speaker 1: said they would come out. They've gotten a lot of
Speaker 1: flak about this because like you go to a dock
Speaker 1: and it's says it has like twelve bikes, but you
Speaker 1: can't access any of the bikes because they're like frozen in.
Speaker 1: They're frozen in, and per the guidelines that Lyft has,
Speaker 1: they're responsible for clearing the city the city bike from snow.
Speaker 1: They did say I got a notice on my phone
Speaker 1: last week. They said they'd have it done by early
Speaker 1: this week.
Speaker 4: So it's still tomorrow's Wednesday. Then it's too icy to
Speaker 4: be on a bike right now. You'd be on a
Speaker 4: bike whendn't you.
Speaker 1: I was able to find a bike in last week,
Speaker 1: but only I only did it because the subways were.
Speaker 4: Den Ugh, it's it's been it's been tough commuting all right.
Speaker 4: From lifting the aftermarket down a lot, like fourteen percent,
Speaker 4: I think it is to robin Hood.
Speaker 3: Yeah, so this one's also slipping down about six percent
Speaker 3: in after hours ticker hood. So, I mean this should
Speaker 3: come as no surprise that big sell off in crypto,
Speaker 3: the weakness that we saw in the fourth quarter impacted
Speaker 3: Robinhood's earnings, so their net income tumbled thirty four percent.
Speaker 3: It's pretty big, and specifically revenue from crypto trading dropped
Speaker 3: thirty eight percent, only two hundred and twenty one million
Speaker 3: dollars that after the route and digital asset prices, So
Speaker 3: that's that's really what's weighing on the shares here, also
Speaker 3: extending their slide from the beginning of the year, so
Speaker 3: it was down more than twenty four percent from the
Speaker 3: start of the year at close today.
Speaker 4: Hmm. Yeah, I mean, I don't know, interesting story, right,
Speaker 4: it's been on a tear for a while.
Speaker 1: And yeah, maybe I want to hear from them about
Speaker 1: do you want which part prediction markets? As Neil SIPs
Speaker 1: from Bloomberg Intelligence said, a lot of their prediction markets
Speaker 1: are sports betting or sports predictions. I want to make
Speaker 1: sure I get the terminology right. So curious to hear
Speaker 1: from that company.
Speaker 2: But they did on the call.
Speaker 4: They did the right then they buy a is it
Speaker 4: Georgia State leder X? Is that part of that to
Speaker 4: do that? That's different, right, Like they really are kind
Speaker 4: of building out the business.
Speaker 1: Right, Sorry that one, Oh you're talking about the Susquehanna. Yeah, yeah,
Speaker 1: I think that is that does have to do with
Speaker 1: prediction markets.
Speaker 4: Yeah, okay, so yeah, interesting. Sorry, we're just like you know,
Speaker 4: going through it too. There's a while, a lot of
Speaker 4: moving parts. Let's go to Mattel.
Speaker 3: Yeah, so Mattel ticker m at, the maker of Barbie
Speaker 3: and hot wheels. So there are actually a few things
Speaker 3: going on here. The stock is down a lot, twenty
Speaker 3: five percent right now in after I was training, big
Speaker 3: big drop for shares of Mattel. So, first of all,
Speaker 3: I did report earnings that you know, fell below walls expectations,
Speaker 3: kind of showing that the hopes of sort of a
Speaker 3: bump in sales around Christmas didn't happen. But they also
Speaker 3: had news out that they're buying partner net uses Steak
Speaker 3: in a joint venture to accelerate mobile gaming.
Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with
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