Lyft Shares Soar on Nasdaq Debut After IPO

Lyft Inc shares on Friday opened up 21.2 percent at $87.24 in its market debut on the Nasdaq after the company was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup.

On Thursday, Lyft said it priced 32.5 million shares, slightly more that it was offering originally, at $72, the top of its already elevated $70-$72 per share target range for the IPO.

After a few minutes of trading, shares were up 18.6 percent at $85.42.

Instead of celebrating the first day of trading at the Nasdaq in New York, Lyft opted to mark the occasion at a defunct auto dealership in downtown Los Angeles.

A couple hundred people – Lyft staff, family and friends, stakeholders and Los Angeles Mayor Eric Garcetti – gathered before dawn for the kick-off event.

Lyft has recently bought the facility to turn it into a driver services center, the first of several it plans to open across the U.S. in the coming months, where drivers can get discounted services like help with taxes or charging electric vehicles.

From: MeNeedIt

US Seniors Use Marijuana to Ease Pain, Fight Sleeplessness

Once stigmatized and banned across the United States, marijuana is now legalized in many parts of the country, primarily for medicinal use, but increasingly also for recreation. As cannabis becomes mainstream, Americans in their 70s and 80s who used to get high on marijuana in their youth, are now using cannabis-infused products to relieve old age aches and pains. VOA’s Zlatica Hoke has this report.

From: MeNeedIt

US Seniors Use Marijuana to Ease Pain, Fight Sleeplessness

Once stigmatized and banned across the United States, marijuana is now legalized in many parts of the country, primarily for medicinal use, but increasingly also for recreation. As cannabis becomes mainstream, Americans in their 70s and 80s who used to get high on marijuana in their youth, are now using cannabis-infused products to relieve old age aches and pains. VOA’s Zlatica Hoke has this report.

From: MeNeedIt

Facebook, Instagram Ban White Nationalist Speech

Facebook has announced it is banning praise, support, and representation of white nationalism and separatism on its platform and on Instagram, which it also owns.

The company made the announcement Wednesday in a blog post, saying, “It’s clear that these concepts are deeply linked to organized hate groups and have no place on our services.”

The post says Facebook has long banned hateful speech based on race, ethnicity and religion, though it had permitted expressions of white nationalism and separatism because it seemed separate from white supremacy.

“But over the past three months,” the post read, “our conversations with members of civil society and academics who are experts in race relations around the world … have confirmed that white nationalism and separatism cannot be meaningfully separated from white supremacy and organized hate groups.”

“Going forward,” it continued, “while people will still be able to demonstrate pride in their ethnic heritage, we will not tolerate praise or support for white nationalism and separatism.”

It said people searching for terms associated with white supremacy will be directed to information about the group “Life After Hate,” which is an organization that helps violent extremists leave their hate groups through intervention, education, support groups and outreach.

From: MeNeedIt

Facebook, Instagram Ban White Nationalist Speech

Facebook has announced it is banning praise, support, and representation of white nationalism and separatism on its platform and on Instagram, which it also owns.

The company made the announcement Wednesday in a blog post, saying, “It’s clear that these concepts are deeply linked to organized hate groups and have no place on our services.”

The post says Facebook has long banned hateful speech based on race, ethnicity and religion, though it had permitted expressions of white nationalism and separatism because it seemed separate from white supremacy.

“But over the past three months,” the post read, “our conversations with members of civil society and academics who are experts in race relations around the world … have confirmed that white nationalism and separatism cannot be meaningfully separated from white supremacy and organized hate groups.”

“Going forward,” it continued, “while people will still be able to demonstrate pride in their ethnic heritage, we will not tolerate praise or support for white nationalism and separatism.”

It said people searching for terms associated with white supremacy will be directed to information about the group “Life After Hate,” which is an organization that helps violent extremists leave their hate groups through intervention, education, support groups and outreach.

From: MeNeedIt

Chinese Viewers Balk at ‘Bohemian Rhapsody’ Film Censorship

A huge fan of rock legends Queen, Peng Yanzi rushed to see Bohemian Rhapsody, the biopic about the band’s late lead singer, Freddie Mercury, while he was traveling in Britain last October.

It was a touching film that made him cry hard, Peng says. He loved it enough to watch it a second time in his home city of Guangzhou after the film garnered a surprise China release.

But the version of Bohemian Rhapsody he saw this past weekend was notably different from the original. Moviegoers in China say key scenes about Mercury’s sexuality have been either abruptly muted or cut altogether.

“The cut scenes really affect the movie,” said Peng, a Chinese LGBT rights activist. “The film talks about how [Mercury] became himself, and his sexuality is an important part of becoming who he was.”

Scenes that were deleted include one in which Mercury reveals to his then-wife that he is not heterosexual. In the part of the film where Mercury tells the band that he has AIDS, the dialogue goes silent.

“It’s a pity” the scenes were removed, said Hua Zile, chief editor of VCLGBT, an LGBT-themed account with more than a million followers on Weibo, one of China’s top social media platforms.

“This kind of deletion weakens his gay identity. It’s a bit disrespectful to his real experience and makes the character superficial,” Hua said. “There is no growth and innermost being of him.” Hua said he also watched both versions of the movie, in the semi-autonomous region of Hong Kong, which enjoys greater freedoms from censorship than mainland China, and the Chinese city of Guangzhou.

The missing scenes confused some moviegoers. Su Lei read Mercury’s biography online before watching the movie Wednesday afternoon so that she could better understand the plot and character development.

“Now it’s a very open era, influenced by some American and British TV dramas. People now can understand and accept this,” said Su, who works for an accounting firm. She called the film “inspiring” and said cutting the gay content was “unnecessary.”

Lu, a freelancer in Shanghai who asked to be identified only by his family name, watched the original version online after seeing the movie in a Chinese theater, where he said he found parts of the dialogue incoherent.

Lu said that despite some lines being erased, it was still obvious the main character is gay. “But the movie has been deleted like this, which affects its entirety,” he said.

Censorship in China

While LGBT content is generally less taboo than other topics that Chinese authorities deem sensitive, same-sex relationships are still virtually absent from mainstream media.

In 2017, a government-affiliated internet TV association warned streaming content providers against depicting homosexuality, labeling it an “abnormal” sexual behavior. A similar move last year from Weibo provoked an outcry that prompted the website to backtrack and state that a “cleanup of games and cartoons will no longer target gay content.”

When Chinese video site Mango TV livestreamed the Academy Awards in February, Bohemian Rhapsody lead actor Rami Malek’s speech was subtitled to read “special group” when in fact he said “gay man.”

Mango TV also censored two LGBT-themed performances during last year’s Eurovision song contest, causing Eurovision to terminate its partnership with the Chinese broadcaster in the middle of the competition season.

From: MeNeedIt

Republicans, Democrats Back to Battle Over US Health Care Law

Health care has re-emerged as a major focus of U.S. political parties with the Trump administration advocating striking down the entire Affordable Care Act and Democrats introducing legislation to strengthen the law that has been in place since 2010.

The Justice Department on Monday backed a federal court ruling declaring the entire ACA unconstitutional on the basis that without the fines for not having health insurance, which a Republican-led Congress passed last year, the mandate for having coverage should not be allowed.

That went against the administration’s earlier position that while some parts of the ACA should be struck down, not all of it should be thrown out.

Trump told reporters Tuesday he wanted alternatives to the law, which was one of the chief policies enacted under his predecessor Barack Obama.

“The Republican Party will become ‘The Party of Healthcare!’” he wrote on Twitter.

Senate Minority Leader Chuck Schumer signaled his party is happy to take on the issue, especially following the end of the special counsel investigation into Russia’s interference in the 2016 election and possible collusion with Trump’s campaign. Schumer said issues such as healthcare and climate change are much more important to voters.

The issue was a key part of the party’s 2018 congressional election strategy, which put Democrats back in control of the House of Representatives.

House Speaker Nancy Pelosi unveiled Democratic proposals she says would improve upon the existing law, while accusing Republicans of working only to “destroy the affordable health care of America’s families.”

The legislation would seek to make health insurance plans more affordable by boosting subsidies to lower-income households, provide more protections for people with pre-existing conditions, and boost outreach and enrollment efforts to help people better understand what insurance options exist for them.

The legal battle over the existing law could end up at the Supreme Court, which previously upheld the individual mandate with its financial penalties as a legal tax Congress was allowed to impose. The five justices in the majority on that case remain on the court.

From: MeNeedIt

Republicans, Democrats Back to Battle Over US Health Care Law

Health care has re-emerged as a major focus of U.S. political parties with the Trump administration advocating striking down the entire Affordable Care Act and Democrats introducing legislation to strengthen the law that has been in place since 2010.

The Justice Department on Monday backed a federal court ruling declaring the entire ACA unconstitutional on the basis that without the fines for not having health insurance, which a Republican-led Congress passed last year, the mandate for having coverage should not be allowed.

That went against the administration’s earlier position that while some parts of the ACA should be struck down, not all of it should be thrown out.

Trump told reporters Tuesday he wanted alternatives to the law, which was one of the chief policies enacted under his predecessor Barack Obama.

“The Republican Party will become ‘The Party of Healthcare!’” he wrote on Twitter.

Senate Minority Leader Chuck Schumer signaled his party is happy to take on the issue, especially following the end of the special counsel investigation into Russia’s interference in the 2016 election and possible collusion with Trump’s campaign. Schumer said issues such as healthcare and climate change are much more important to voters.

The issue was a key part of the party’s 2018 congressional election strategy, which put Democrats back in control of the House of Representatives.

House Speaker Nancy Pelosi unveiled Democratic proposals she says would improve upon the existing law, while accusing Republicans of working only to “destroy the affordable health care of America’s families.”

The legislation would seek to make health insurance plans more affordable by boosting subsidies to lower-income households, provide more protections for people with pre-existing conditions, and boost outreach and enrollment efforts to help people better understand what insurance options exist for them.

The legal battle over the existing law could end up at the Supreme Court, which previously upheld the individual mandate with its financial penalties as a legal tax Congress was allowed to impose. The five justices in the majority on that case remain on the court.

From: MeNeedIt