The Next Fyre Festival | Is Lyft In The Fast Lane? | The Pope’s Corruption Problems

Plus: The Next 1000: The Rising Top Entrepreneurs

Old Wall Street lore says that October is a bad month for stocks. Too early to tell about 2021. But the month is shaping up to be a bad one for some once-lofty names. Forbes delivers three deep dives—on media company Ozy, Chinese real estate giant Evergrande and the Vatican—that show mismanagement, and possibly something nefarious, at the top. To cut the bad news, we also have an inspiring rags-to-riches profile of one of America’s richest self-made women, and an interview with Lyft cofounder John Zimmer about where the ride-sharing company is headed. One hint—he doesn’t plan on putting a human in the driver’s seat. 

Must Reads

The Next Fyre Festival: In 2019, flailing media company Ozy was about to become the next Fyre Festival—until a heat wave (and insurance claim) bailed it out.

From Day Laborer To Business Leader: Linda Alvarado defied convention to crash the gates of construction, fast food and Major League Baseball. It’s a long way from her family’s two-room adobe house without indoor plumbing. Check out her amazing entrepreneurial journey.

Is Lyft In The Fast Lane? Covid-19 sent ride-sharing company Lyft on a dangerous detour. Ride volume dropped 40% in 2020. Business has since picked up and Lyft cofounder John Zimmer is keeping his foot on the gas, with a big push for self-driving cars. Read about Lyft’s difficult last year and its CEO’s bold plans to speed ahead of Uber.

CEO Profile

Data Point

$8 million

The cash salary that Evergrande Chairman Hui Ka Yan has been paid while the property developer piled on debt.

Across Forbes