Lyft is scaling back on hiring in the U.S. and cutting down on its budget across several departments as the rideshare giant fights against the downwinds from a slowing economy. With this move, Lyft is following in the footsteps of rival Uber, which has experienced similar pains. Uber CEO Dara Khosrowshahi said the company would pause hiring and prioritize maximizing profits over seeking further market expansion. Both companies have seen their share values battered in the tumult.

HOW LYFT AND UBER ARE TIGHTENING THEIR SAFETY BELTS

Twitter has agreed to pay $150 million to settle allegations it misused private information, like phone numbers, to target advertising after telling users the it would be used for security reasons, according to court documents. Twitter's settlement covers claims that it violated the "security and privacy" of user data. Also, Elon Musk's bid to buy Twitter may be back on despite declaring it on "hold" due to his concerns that a number of accounts are software "bots" instead of real people. Musk said in the filing that he would seek only $13 billion in loans to purchase Twitter.

FIND OUT MUSK'S DEAL TO BUY TWITTER COULD BE BACK ON

Tesla has plans to build a 24-hour restaurant complete with a drive-in movie theater and charging station in Los Angeles, according to papers filed by the electric carmaker. The location is expected to span 9,300 square feet in central Hollywood and feature a two-story restaurant with indoor and outdoor seating and “carhop” service so drivers can enjoy dinner and a show while their Tesla charges at one of the 29 stations.

SEE HOW ELON MUSK TWEETED OUT THE IDEA 4 YEARS AGO

Who originally co-founded Tesla Motors and what year did it launch?

Wednesday's answer: Walmart went public in 1970 with an initial stock price of $16.50. As of Wednesday's close, shares were trading at $123.63. A 100-share investment would yield a profit of $10,717 today.