our conversation with john zimmer is next.his is bloomberg. ♪ this is bloomberg. ♪ emily: lyft reported signs the company is on the path to breaking even. i sat down with cofounder and president john zimmer could talk about everything from operating in a pandemic, to self-driving cars. take a listen. john: we take the last year and really invested in making the business much more strong on the other side of the pandemic. so, we cut out $360 million in annualized costs. the team did a phenomenal job, which sets us up well for the recovery. we expect the recovery to really pick up steam in q2 so we have a phenomenal second half of the year. emily: let's talk about the recovery. you also said you cannot give any forecast on ridership for the coming quarter. what do you see beyond that as we come out of the pandemic, the vaccine rollout? but behavior in some ways may have shifted permanently. john: absolutely. there will be behavior changes but people will still need to get around, and transportation will still be an essential par

our conversation with john zimmer is next.his is bloomberg. ♪ when you switch to xfinity mobile, you're choosing to get connected to the most reliable network nationwide, now with 5g included. discover how to save up to $300 a year with shared data starting at $15 a month, or get the lowest price for one line of unlimited. come into your local xfinity store to make the most of your mobile experience. you can shop the latest phones, bring your own device, or trade in for extra savings. stop in or book an appointment to shop safely with peace of mind at your local xfinity store. emily: lyft reported signs the company is on the path to breaking even. i sat down with cofounder and president john zimmer to talk about everything from operating in a pandemic, to self-driving cars. take a listen. john: we take the last year and really invested in making the business much more strong on the other side of the pandemic. so, we cut out $360 million in annualized costs. the team did a phenomenal job, which sets us up well for the recovery.

and lyft co-founder john zimmer. and then we'll hear from twitter cfo ned segal. so we get to work. we mend, fighting for every person in every neighborhood; we, the coming of the common good. so dare to care, to be hope-sided. we're never divided, when we live to give, we always live united. >>> good morning, earnings posting this morning from two economic bellwethers, we've got the highlights from coke and gm. and two big companies who just reported we're going to speak with lf president and co-founder and cfo of twitter this morning. update on the covid vaccination drive in one of the nation's hardest hit states, new jersey's governor phil murphy joins us live on the race for the state final hour of "squawk box" begins right now >>> good morning welcome back welcome back to "squawk box" here on cnbc i'm joe kernen along with becky quick and andrew ross sorkin where's the cat, bec turned into the bec -- saw him earlier. >> kicked him out. he was here before the show started. >> the cute little -- it was like this big two weeks ago, what happened. you're feeding

. >> more on lyft's quarter tomorrow wf lyft's president john zimmer. final word on lyft and the notion that has more tech companies enter this business at large, the pressure increases tremendously >> i respectfully disagree with the these is that complexity contracts opportunity. if we looked at situation 15 years ago, a little company called amazon.com piftd between books, borders and the other book stores and where's amazon's market cap because they took their ability to deliver things to a whole new level and where i like uber over lyft in this situation is their flexibility to be the delivery channel for whatever, to whomever and that position's in for quite a few more revenue streams >> news alert coming out of washington let's go to kayla with the latest kayla. >> we're getting official statements mr. the companies that were president at today's white house meeting with president biden to discuss the state of the economy the statements call the conversation constructive and productive i spoke with one attendee for a read out of the meeting. to g

and john zimmer on the back of earnings results.ive at 2:00 eastern, i will speak with the bumble ceo, as bumble makes its debut as a republican buddy for i am emily chang full -- as a public company. i am emily chang. want to save hundreds on your wireless bill? with xfinity mobile you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network. sure thing! and with fast nationwide 5g included at no extra cost. we've got you covered. so join the carrier rated #1 in customer satisfaction. and get a new samsung galaxy starting at $17 a month. learn more at xfinitymobile.com or visit your local xfinity store today. emily: facebook is testing out a content moderation feature focusing on political content on its news feed. to viewing in canada, present -- debuting in brazil, canada, and indonesia first. talk about the decision to diminish political content here and how it aligns with what they've have done leading up to this point. >> ceo mark zuckerberg hinted at this on

and john zimmer on the back of earnings results. ♪ so you're a small business, or a big one. were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. ♪ emily: facebook is testing out a content moderation feature focused on political content on its news feed. it is debuting in brazil, canada, and indonesia first. but i have a reporter who covers their company for us. talk about the decision to diminish political content here and how it aligns with what they've have done leading up to this point. >> ceo mark zuckerberg hinted at this on the earnings call last week. he said a lot of people don't like seeing political content in their feed. it is obviously divisive, it pushes people one way or the other. they are going to start testing this idea of w

the cofounder and president john zimmer says that deep cost custs means that lift will-- cuts means lyft turn a profit this year but declines to offer fourth-quarter profit. taiwan semi conductor is investing $185 million and a new project in japan to create a wholly owned unit outside tokyo to expand research. it is a fund raising $4 billion with corporate bonds. they sold a similar amount last year to pay for research and development. fiscal systems down in late trade. earnings came in at a fraction under $12 billion, down .04%, above forecasts. cisco sees current quarter earnings in line with analyst expectations. paul: posted fourth quarter revenue that topped estimates but added fewer new reserve -- fewer new users. let's cross to our west coast reporter. tell us about twitters outlook? ed: the performance was so good in 2020 driven by the effects of the pandemic. there's no way it can be that good in 2021. double-digit growth in the coming three quarters. that is off the back of five quarters where user growth has been 20%. the concern for analyst is what is the driver of the top l

i spoke with lyft's president john zimmer and here's what he had to say about the competition. >> lyft our share. our focus is paying off and it will continue to pay off they're showing that they are not winning in the food delivery space, that there is not the synergies that they pointed to and our focus on transportation of passengers will help us win in this space. >> some fighting words from your biggest competitor i'm curious how you react to that >> i'm assuming by they he meant us i think that lyft is a very strong local mobility competitor if i had a choice to make, which is to own the largest global mobility player and the largest global delivery player outside of china, i'd pick the latter, which is where uber is we'll put our results up you'll see it in the stock price as well. this is a unique circumstance. there's no other player that's global that is also in mobility in the size and scale that we are. time will prove out, but i think this year you see our results versus, let's say, pure mobility player the results speak for themselves we're much stronger. >> one of the th