Uber has posted profits for the last two quarters. Lyft hasn’t yet been profitable, but they have been reducing their losses quite a bit.

I don’t think either of them will fail this year. Some AI gold rushing unicorns out there certainly will. It’s hard to know which though; they’re still private companies.

Highways are a great way to install new regional transit. Brightline West is going to link Los Angeles to Las Vegas in the median of interstate 15. That highway is a total mess on weekends and this new line is expected to drastically reduce traffic with big convenience wins given its average speed of 101mph/165kph. And the project is funding wildlife overpasses and other habitat improvements.

There’s no way we’ll know this soon but, given there’s been a huge push at the SEC to clamp down on crypto-related financial crimes[1], I wouldn’t want to be anywhere near this debacle.

Before I go, I’ll just leave this link: Report Suspected Securities Fraud or Wrongdoing.

1. Dot your i’s and cross your t’s with crypto and dancing with the SEC. LBRY failed to register as a security when they pre-mined and yesterday it sank their company. Charges are pressed in bursts of new cases almost every month.

This is a regulated area, one that the SEC oversees. They’ve prosecuted insider trading on crypto: https://www.sec.gov/news/press-release/2023-98