Tuesday, August 7th, 2018

Avis Teams up with Lyft
Company Press Release

Avis announced that it’s working with Lyft in a multi-year deal that will add Avis vehicles to the Lyft Express Drive program in cities across North America.

The partnership looks to make it easier for people to drive with Lyft without the cost and burden of car ownership. Lyft drivers will be able to reserve an Avis rental vehicle from within the Lyft app

The initial launch is set to happen over the coming months.

Airbnb Announces a New Milestone
Airbnb Press Release

Airbnb announced that nearly 700,000 companies are using Airbnb for Work, its business travel offering, previously known as Airbnb for Business.

The company noted that approximately 40% of Airbnb for Work users are employees from large enterprise companies, which represent workforces of 5,000 or more employees.

Startups and SMBs, make up the other 40%.

And midsize companies, which are between 251-5,000 employees make up 20% of its user base.

Zillow Acquires the Mortgage Lenders of America
Company Press Release

Zillow Group announced that it has entered into a definitive agreement to acquire Mortgage Lenders of America, a national mortgage lender.

The acquisition looks to streamline and shorten the home-buying process for consumers who purchase homes through Zillow Offers.

Mortgage Lenders of America was founded in 2000 and has approximately 300 employees. It will continue to operate from its Kansas headquarters. Terms of the deal were not disclosed.

Pepsico Appoints a New CEO
Company Press Release

The company announced that its Board of Directors unanimously elected Ramon Laguarta to succeed Indra Nooyi as Chief Executive Officer. Nooyi will step down on October 3rd. She will remain Chairman until early 2019.

Laguarta has held a number of executive and general management roles in his 22 years at PepsiCo.

He will be the company’s 6th CEO in Pepsico’s 53-year history.