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+ ---
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+ tags:
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+ - sentence-transformers
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+ - sentence-similarity
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+ - feature-extraction
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+ - generated_from_trainer
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+ - dataset_size:668
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+ - loss:MultipleNegativesRankingLoss
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+ base_model: sentence-transformers/all-MiniLM-L6-v2
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+ widget:
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+ - source_sentence: How does the concentrated control held by the Co-Founders of the
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+ company potentially impact stockholders and the market price of the Class A common
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+ stock?
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+ sentences:
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+ - •inaccuracies in our key metrics and estimates;•our marketing efforts;•our ability
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+ to offer high-quality user support and to deal with fraud;•changes in the Internet,
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+ mobile device accessibility, mobile device operating systems and application marketplaces;•the
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+ interoperability of our platform across third-party applications and services;•factors
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+ relating to our intellectual property rights as well as the intellectual property
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+ rights of others;•our presence outside the United States and any future international
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+ expansion;Regulatory and Legal factors•the classification status of drivers on
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+ our platform;•changes in laws and the adoption and interpretation of administrative
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+ rules and regulations;•compliance with laws and regulations relating to privacy,
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+ data protection and the protection or transfer of personal data;•compliance with
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+ additional laws and regulations as we expand our platform offerings;•litigation
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+ resulting from violation of the Telephone Consumer Protection Act or other consumer
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+ protection laws and regulations;•intellectual property litigation;•assertions
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+ from taxing authorities that we should have collected or in the future should
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+ collect additional taxes;•our ability to maintain an effective system of disclosure
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+ controls and internal control over financial reporting;•costs related to operating
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+ as a public company;•climate change, which may have a long-term impact on our
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+ business;Financing and Transactional Risks•our future capital requirements;•our
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+ ability to service our current and future debt, and counterparty risk with respect
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+ to our capped call transactions;•our ability to make and successfully integrate
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+ acquisitions and investments or complete divestitures, joint ventures, partnerships
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+ or other strategic transactions;•our tax liabilities, ability to use our net operating
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+ loss carryforwards and future changes in tax matters;Governance Risks and Risks
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+ related to Ownership of our Capital Stock•provisions of Delaware law and our certificate
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+ of incorporation and bylaws that may make a merger, tender offer or proxy contest
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+ difficult;•exclusive forum provisions in our bylaws;•the dual class structure
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+ of our common stock and its concentration of voting power with our Co-Founders;•the
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+ volatility of the trading price of our Class A common stock;•sales of substantial
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+ amounts of our Class A common stock;•our intention not to pay dividends for the
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+ foreseeable future; and•the publication of research about us by analysts.16
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+ - Certain losses may be excluded from insurance coverage including, butnot limited
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+ to losses caused by intentional act, pollution, contamination, virus, bacteria,
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+ terrorism, war and civil unrest.The amount of one or more auto-related claims
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+ or operations-related claims has exceeded and could continue to exceed our applicable
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+ aggregate coverage limits,for which we have borne and could continue to bear the
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+ excess, in addition to amounts already incurred in connection with deductibles,
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+ self-insured retentions or otherwisepaid by our insurance subsidiary.Insurance
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+ providers have raised premiums and deductibles for many types of claims, coverages
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+ and for a variety of commercial risks andare likely to do so in the future.As
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+ a result, our insurance and claims expense could increase, or we may decide to
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+ raise our deductibles or self-insured retentions when ourpolicies are renewed
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+ or replaced to manage pricing pressure.Our business, financial condition and results
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+ of operations could be adversely affected if (i) cost per claim,premiums or the
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+ number of claims significantly exceeds our historical experience (ii) we experience
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+ a claim in excess of our coverage limits, (iii) our insurance providersfail to
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+ pay on our insurance claims, (iv) we experience a claim for which coverage is
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+ not provided, (v) the number of claims and average claim cost under our deductibles
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+ orself-insured retentions differs from historic averages or (vi) an insurance
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+ policy is cancelled or non-renewed.Our actual losses may exceed our insurance
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+ reserves, which could adversely affect our financial condition and results of
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+ operations.We establish insurance reserves for claims incurred but not yet paid and claims incurred but not yet reported and any related estimable expenses, and weperiodically
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+ evaluate and, as necessary, adjust our actuarial assumptions and insurance reserves
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+ as our experience develops or new information is learned.We employvarious predictive modeling and actuarial techniques and make numerous assumptions based on limited historical experience and industry statistics to estimate ourinsurance
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+ reserves.Estimating the number and severity of claims, as well as related judgment
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+ or settlement amounts, is inherently difficult, subjective and speculative.While
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+ an independent actuary firm periodically reviews our reserves for appropriateness
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+ and provides claims reserve valuations, a number of external factors can affect
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+ theactual losses incurred for any given claim, including but not limited to the
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+ length of time the claim remains open, fluctuations in healthcare costs, legislative
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+ and regulatorydevelopments, judicial developments and unexpected23
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+ - Accordingly, Logan Green, our co-founder, Chief Executive Officer and a member of our board of directors holdsapproximately
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+ 21.42% of the voting power of our outstanding capital stock; and John Zimmer,
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+ our co-founder and President and Vice Chair of our board of directors, holdsapproximately
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+ 12.63% of the voting power of our outstanding capital stock.Therefore, our Co-Founders,
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+ individually or together, will be able to significantly influencematters submitted
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+ to our stockholders for approval, including the election of directors, amendments
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+ of our organizational documents and any merger, consolidation, sale ofall or substantially
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+ all of our assets or other major corporate transactions.Our Co-Founders, individually
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+ or together, may have interests that differ from yours and may votein a way with
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+ which you disagree and which may be adverse to your interests.This concentrated
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+ control may have the effect of delaying, preventing or deterring a changein control of our
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+ company, could deprive our stockholders of an opportunity to receive a premium for their capital stock as part of a sale of
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+ our company and mightultimately affect the market price of our Class A common
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+ stock.Each Co-Founder’s voting power is as of December 31, 2021 and includes shares
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+ of Class A commonstock expected to be issued upon the vesting of such Co-Founder’s
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+ RSUs within 60 days of December 31, 2021.Future transfers by the holders of Class
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+ B common stock will generally result in those shares converting into shares of
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+ Class A common stock, subject to limitedexceptions, such as certain transfers
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+ effected for estate planning purposes.In addition, each share of Class B common
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+ stock will convert automatically into one share ofClass A common stock upon (i)
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+ the date specified by affirmative written election of the holders of two-thirds
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+ of the then-outstanding shares of Class B common stock, (ii)the date fixed by
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+ our board of directors that is no less than 61 days and no more than 180 days
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+ following the date on which the shares of Class B common stock held by ourCo-Founders
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+ and their permitted entities and permitted transferees represent less than 20%
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+ of the Class B common stock held by our Co-Founders and their permittedentities
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+ as of immediately following the completion of our initial public offering, or
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+ IPO, or (iii) nine months after the death or total disability of the last to die
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+ or becomedisabled of our Co-Founders, or such50
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+ - source_sentence: What potential challenges and risks could arise from entering new
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+ markets for bike and scooter sharing, and how could these challenges affect the
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+ company's business strategy and offerings?
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+ sentences:
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+ - This release shall include but is not limited to any rights or claims under federal,
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+ state or local law (whether arising fromstatute, executive order, regulation,
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+ code, or constitution, or other source), including but not limited to claims arising
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+ under Title VII of the CivilRights Act of 1964, as amended, Section 1981 of the
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+ Civil Rights Act of 1866, the Fair Labor Standards Act (to the extent subject
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+ to a waiver of thissort), the Equal Pay Act, the Employee Retirement Income Security
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+ Act of 1974, as amended, the Civil Rights Act of 1991, the Age Discriminationin
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+ Employment Act of 1967 (“ADEA”), the Americans with Disabilities Act, the National
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+ Labor Relations Act, the Family Medical Leave Act, theGenetic Information Nondiscrimination
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+ Act of 2008, the Occupational Safety and Health Act (“OSHA”), the Rehabilitation
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+ Act of 1973, theWorkers Adjustment Retraining and Notification Act, the Uniformed
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+ Services Employment and Reemployment Rights Act, the Fair CreditReporting Act,
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+ the anti-retaliation provisions of the Corporate and Criminal Fraud Accountability
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+ Act of 2002 (also known as the Sarbanes-OxleyAct and the Dodd-Frank Wall Street
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+ Report Consumer Protection Act), Cal-OSHA, the California Fair Employment & Housing
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+ Act, the CaliforniaLabor Code, the California Government Code, the California
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+ Family Rights Act, the California Civil Code, the California Business & ProfessionsCode,
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+ each as amended, rights to rehire and reemployment, and any and all common law
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+ claims, including claims sounding in tort or contract, claimsfor compensation,
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+ benefits, equity, or other remuneration or attorneys’2
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+ - changes to our pricing methodologies or our ability to efficiently price our offerings
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+ could adversely affect our business, financial condition and results of operations.If
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+ we are unable to efficiently grow and further develop our network of Light Vehicles,
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+ which may not grow as we expect or become profitable over time, and managethe
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+ related risks, our business, financial condition and results of operations could
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+ be adversely affected.While some major cities have widely adopted bike and scooter
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+ sharing, there can be no assurance that new markets we enter will accept, or existing
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+ markets willcontinue to accept, bike and scooter sharing, and even if they do,
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+ that we will be able to execute on our business strategy or that our related offerings
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+ will be successful insuch markets.For example, in 2021, in New York City, a competing
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+ operator named Joco attempted to launch a bike share program in violation of Citi
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+ Bike’s exclusivity,arguing that New York City could not regulate Joco because
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+ Joco’s stations were in private garages.The City successfully obtained a preliminary
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+ injunction against Joco,with our support.However, Joco continues to operate in
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+ a limited manner and it is possible Lyft may need to further support the City
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+ in additional legal action against Joco.A negative determination in other legal
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+ disputes regarding bike and scooter sharing, including an adverse determination
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+ regarding our existing rights to operate, couldadversely affect our competitive
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+ position and results of operations.Additionally, we may from time to time be denied
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+ permits to operate, or be temporarily restricted fromoperating due to public health
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+ and safety measures, our bike share program or scooter share program in certain
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+ jurisdictions.For example, the City of Miami suspendedrentals of bikes and scooters
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+ from March through October 2020 as a result of the COVID-19 pandemic and again
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+ suspended rentals of scooters from December 2020through February 2021 and for
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+ a brief period in November 2021 due to concerns with certain aspects of the program.While
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+ we do not expect any denial or suspension in anindividual region to have a material
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+ impact, these denials or suspensions in the aggregate could adversely affect our
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+ business and results of operations.Even if we are ableto successfully develop
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+ and implement our network of Light Vehicles, there may be heightened public skepticism
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+ of this nascent service offering.In particular, there couldbe negative public
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+ perception surrounding bike and scooter sharing, including the overall safety
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+ and the potential for injuries occurring as a result of accidents involving anincreased
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+ number of bikes and scooters on the road, and the general safety of the bikes
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+ and scooters themselves.Such negative public perception may result from incidentson
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+ our platform or incidents involving our competitors’ offerings.We design and contract
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+ to manufacture bikes and scooters using a limited number of external suppliers,
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+ and a continuous, stable and cost-effective supply of bikesand scooters that meets
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+ our standards is critical to our operations.We expect to continue to rely on external
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+ suppliers in the future.There can be no assurance we will beable to maintain our
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+ existing relationships with these suppliers and continue to be able to source
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+ our bikes and scooters on a stable basis, at a reasonable price or at all.Wealso design and contract to manufacture certain assets related to our network of Light Vehicles and we rely on a small number of suppliers for components andmanufacturing
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+ services.The supply chain for our bikes and scooters exposes us to multiple potential
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+ sources of delivery failure or shortages.In the event that our supply of bikes
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+ andscooters or key components is interrupted or there are significant increases
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+ in prices, our business, financial condition and results of operations could be
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+ adversely affected.Changes in business conditions, force majeure, any public health
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+ crises, such as the COVID-19 pandemic, governmental or regulatory changes and
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+ other factors beyond ourcontrol have affected and could continue to affect our
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+ suppliers’ ability to deliver products and our ability to deploy products to the
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+ market on a timely basis.We incur significant costs related to the design, purchase,
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+ sourcing and operations of our network of Light Vehicles and we expect to continue
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+ incurring such costsas we expand our network of Light Vehicles.The prices and
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+ availability of bikes and scooters and related products may fluctuate depending
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+ on factors beyond our controlincluding market and economic conditions, tariffs,
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+ changes to import or export regulations and demand.Substantial increases in prices
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+ of these assets or the cost of ouroperations would increase our costs and reduce
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+ our margins, which could adversely affect our business, financial condition and
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+ results of operations.Further, customsauthorities may challenge or disagree with
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+ our classification, valuation or country of origin determinations of our imports.Such
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+ challenges could result in tariff liabilities,including tariffs on past imports,
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+ as well as penalties and interest.
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+ - We provide a service to drivers to complete a successful transportation service
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+ for riders.This service includes on-demand lead generation that assists drivers
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+ tofind, receive and fulfill on-demand requests from riders seeking transportation
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+ services and related collection activities using our Lyft Platform.As a result,
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+ our singleperformance obligation in the transaction is to connect drivers with
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+ riders to facilitate the completion of a successful transportation service for
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+ riders.We evaluate the presentation of revenue on a gross versus net basis based
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+ on whether we act as a principal by controlling the transportation service provided
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+ to therider or whether we act as an agent by arranging for third parties to provide
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+ the service to the rider.We facilitate the provision of a transportation service
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+ by a driver to arider (the driver’s customer) in order for the driver to fulfill
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+ their contractual promise to the rider.The driver fulfills their promise to provide
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+ a transportation service to theircustomer through use of the Lyft Platform.While we facilitate setting the price for transportation services, the drivers and riders have the discretion in accepting thetransaction
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+ price through the platform.We do not control the transportation services being
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+ provided to the rider nor do we have inventory risk related to the transportationservices.As
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+ a result, we act as an agent in facilitating the ability for a driver to provide
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+ a transportation service to a rider.We report revenue on a net basis, reflecting
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+ the service fees and commissions owed to us from the drivers as revenue, and not
207
+ the gross amount collected from therider.We made this determination of not being
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+ primarily responsible for the services since we do not promise the transportation
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+ services, do not contract with drivers toprovide transportation services on our
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+ behalf, do not control whether the driver accepts or declines the transportation
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+ request via the Lyft Platform, and do not control theprovision of transportation
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+ services by drivers to riders at any point in time either before, during, or after,
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+ the trip.We consider the ToS and our customary business practices in identifying
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+ the contracts under ASC 606.As our customary business practice, a contract existsbetween
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+ the driver and us when the driver’s ability to cancel the trip lapses, which typically
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+ is upon pickup of the rider.We collect the fare and related charges from riderson
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+ behalf of drivers using the rider’s pre-authorized credit card or other payment
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+ mechanism and retain any fees owed to us before making the remaining disbursement
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+ todrivers; thus the driver’s ability and intent to pay is not subject to significant
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+ judgment.We earn service fees and commissions from the drivers either as the difference
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+ between an amount paid by a rider based on an upfront quoted fare and the amountearned
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+ by a driver based on actual time and distance for the trip or as a fixed percentage
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+ of the fare charged to the rider.In an upfront quoted fare arrangement, as we
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+ do notcontrol the driver’s actions at any point in the transaction to limit the
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+ time and distance for the trip, we take on risks related to the driver’s actions
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+ which may not be fullymitigated.We earn a variable amount from the drivers and
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+ may record a loss from a transaction, which is recorded as a reduction to revenue,
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+ in instances where an up-frontquoted fare offered to a rider is less than the
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+ amount we are committed to pay the driver.We recognize revenue upon completion of a ride as the single performance obligation is satisfied and we have the right to receive payment for the servicesrendered
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+ upon the completion of the ride.We offer various incentive programs to drivers
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+ that are recorded as reduction to revenue if we do not receive a distinct good
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+ or service in consideration or if wecannot reasonably estimate the fair value
233
+ of goods or services received.In some cases, we also earn Concierge platform fees
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+ from organizations that use our Concierge offering, which is a product that allows
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+ organizations to requestrides for their customers and employees through our ridesharing
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+ marketplace.Concierge platform fees are earned as a fixed dollar amount per ride
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+ or a percentage of theride price depending on the contract and such Concierge
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+ platform fee revenue is recognized on a gross basis.We recognize revenue from
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+ subscription fees paid by users to access transportation options through the Lyft
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+ Platform and mobile-based applications over theapplicable subscription period.We
241
+ generate revenue from licensing and data access agreements.We are primarily responsible
242
+ for fulfilling our promise to provide rideshare data and access toFlexdrive vehicles
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+ and bear the fulfillment risk, and the responsibility of providing the data, over
244
+ the license period.We act as a principal in delivering the data and accesslicenses
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+ and present revenue on a gross basis.Consideration allocated to each performance
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+ obligation, the data delivery and vehicle access, are determined by assigning
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+ therelative fair value to each of the performance obligations.
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+ - source_sentence: What measures does the ridesharing platform undertake to prevent
249
+ and address security breaches and incidents? Discuss the potential costs and resources
250
+ involved in implementing these measures.
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+ sentences:
252
+ - Lyft, Inc.Consolidated Statements of Redeemable Convertible Preferred Stock and
253
+ Stockholders’ Equity (Deficit)(in thousands)RedeemableConvertiblePreferred StockClass
254
+ A and Class BCommon StockAdditionalPaid-inCapitalAccumulatedDeficitAccumulatedOtherComprehensiveIncome
255
+ (Loss)TotalStockholders’Equity (Deficit)SharesAmountSharesAmountBalance as of
256
+ December 31, 2018219,176 $5,152,047 22,438 $— $73,916 $(2,945,330)$133 $(2,871,281)Issuance
257
+ of common stock upon exercise of stockoptions— — 10,855 — 18,336 — — 18,336 Issuance
258
+ of common stock upon settlement of RSUs— — 28,622 — — — — — Issuance of common
259
+ stock under employee stockpurchase plan— — 404 — 14,767 — — 14,767 Shares withheld
260
+ related to net share settlement— — (14,394)— (942,982)— — (942,982)Issuance of
261
+ common in connection with initial publicoffering, net of offering costs, underwriting
262
+ discountsand commissions— — 35,497 1 2,483,622 — — 2,483,623 Conversion of redeemable
263
+ convertible preferred stockto common stock in connection with initial publicoffering(219,176)(5,152,047)219,176
264
+ 2 5,152,045 — — 5,152,047 Cancelled escrow shares related to businesscombination—
265
+ — (2)— (90)— — (90)Vesting of early exercised stock options— — — — 2 — — 2 Stock-based
266
+ compensation— — — — 1,599,311 — — 1,599,311 Other comprehensive income— — — —
267
+ — — 2,592 2,592 Net loss— — — — — (2,602,241)— (2,602,241)Balance as of December
268
+ 31, 2019— $— 302,596 $3 $8,398,927 $(5,547,571)$2,725 $2,854,084 Issuance of common
269
+ stock upon exercise of stockoptions— — 1,039 — 4,673 — — 4,673 Issuance of common
270
+ stock upon settlement ofrestricted stock units— — 19,762 — — — — — Shares withheld
271
+ related to net share settlement— — (552)— (20,240)— — (20,240)Issuance of common
272
+ stock under employee stockpurchase plan— — 892 — 21,351 — — 21,351 Equity component
273
+ of the convertible senior notesissued, net of tax and offering costs— — — — 139,224
274
+ — — 139,224 Purchase of capped call— — — — (132,681)— — (132,681)Stock-based compensation—
275
+ — — — 565,807 — — 565,807 Other comprehensive loss— — — — — — (3,198)(3,198)Net
276
+ loss— — — — — (1,752,857)— (1,752,857)Balance as of December 31, 2020— $— 323,737
277
+ $3 $8,977,061 $(7,300,428)$(473)$1,676,163 The accompanying notes are an integral
278
+ part of these consolidated financial statements.81
279
+ - Lyft, Inc.Consolidated Statements of Redeemable Convertible Preferred Stock and
280
+ Stockholders’ Equity (Deficit)(in thousands)RedeemableConvertiblePreferred StockClass
281
+ A and Class BCommon StockAdditionalPaid-in CapitalAccumulatedDeficitAccumulatedOtherComprehensiveIncome
282
+ (Loss)TotalStockholders’Equity (Deficit)SharesAmountSharesAmountBalance as of
283
+ December 31, 2020— — 323,737 $3 $8,977,061 $(7,300,428)$(473)$1,676,163 Issuance
284
+ of common stock upon exercise of stockoptions— — 812 — 5,184 — — 5,184 Issuance
285
+ of common stock upon settlement of restrictedstock units— — 19,926 — — — — — Shares
286
+ withheld related to net share settlement— — (509)— (26,298)— — (26,298)Issuance
287
+ of common stock under employee stockpurchase plan— — 972 — 28,637 — — 28,637 Settlement
288
+ of convertible senior notes— — — — (1)— — (1)Stock-based compensation— — — — 721,710
289
+ — — 721,710 Other comprehensive loss— — — — — — (2,038)(2,038)Net loss— — — —
290
+ — (1,009,359)— (1,009,359)Balance as of December 31, 2021— $— 344,938 $3 $9,706,293
291
+ $(8,309,787)$(2,511)$1,393,998 The accompanying notes are an integral part of
292
+ these consolidated financial statements.82
293
+ - Inparticular, our service providers may also be the targets of cyberattacks, malicious
294
+ software, phishing schemes, and other attacks, and our third-party service providers’systems
295
+ and networks may be, or may have been, breached or contain exploitable vulnerabilities
296
+ or bugs that could result in a breach of or disruption to our or their systemsor
297
+ networks.Any actual or perceived privacy or security breach or incident could
298
+ interrupt our operations, result in our platform being unavailable or otherwise
299
+ disrupted, resultin loss, alteration, unavailability or improper use or disclosure
300
+ of data, result in fraudulent transfer of funds, harm our reputation and brand,
301
+ damage our relationships withthird-party partners, result in regulatory investigations
302
+ and other proceedings, private claims, demands, litigation and other proceedings,
303
+ loss of our ability to accept creditor debit card payments, increased card processing
304
+ fees, and other significant legal, regulatory and financial exposure and lead
305
+ to loss of driver or rider confidence in, ordecreased use of, our platform, any
306
+ of which could adversely affect our business, financial condition and results
307
+ of operations.Any actual or perceived privacy or securitybreach or incident impacting
308
+ any entities with which we share or disclose data (including, for example, our
309
+ third-party technology providers, third party autonomous vehicleproviders, or
310
+ other parties with whom we have agreed to share our data under licensing or other
311
+ commercial arrangements) could have similar effects.In addition, anyactual or
312
+ perceived privacy or security breach or incident impacting any autonomous vehicles,
313
+ whether through our platform or our competitors’, could result in legal,regulatory
314
+ and financial exposure and lead to loss of rider confidence in our platform, which
315
+ could significantly undermine our business strategy.Further, any cyberattacksdirected
316
+ toward, or privacy or security breaches or incidents impacting, our competitors
317
+ could reduce confidence in the ridesharing industry as a whole and, as a result,reduce
318
+ confidence in us.We incur significant costs in an effort to detect and prevent
319
+ security breaches and other security-related incidents and we expect our costs
320
+ will increase as wecontinue to implement systems and processes designed to prevent
321
+ and otherwise address security breaches and incidents.In the event of a future
322
+ breach or incident, wecould be required to expend additional significant capital
323
+ and other resources in an effort to respond to prevent further breaches or incidents,
324
+ which may require us to divertsubstantial resources.30
325
+ - source_sentence: What potential consequences could occur if the third-party background
326
+ check providers fail to provide accurate information or are unable to complete
327
+ background checks due to data access restrictions, court closures, or government
328
+ shutdowns? Discuss the potential impact on the business, financial condition,
329
+ and results of operations, and suggest possible strategies to mitigate these risks.
330
+ sentences:
331
+ - Any of theforegoing risks could harm our business, financial condition and results
332
+ of operations.We rely on third-party background check providers to screen potential
333
+ and existing drivers, and if such providers fail to provide accurate information,
334
+ or if providersare unable to complete background checks because of data access restrictions, court closures or other unforeseen government shutdown, or we do not maintainbusiness
335
+ relationships with them, our business, financial condition and results of operations
336
+ could be adversely affected.We rely on third-party background check providers
337
+ to screen the records of potential and existing drivers to help identify those
338
+ that are not qualified to utilize ourplatform pursuant to applicable law or our
339
+ internal standards.Our business has been and may25
340
+ - circumstances that existed as of the acquisition date. After the measurement period,
341
+ any subsequent adjustments are reflected on the consolidated statements of operations.Acquisition
342
+ costs, such as legal and consulting fees, are expensed as incurred.GoodwillGoodwill
343
+ represents the excess of the purchase price over the fair value of the net tangible
344
+ and identifiable intangible assets acquired in a business combination.Intangible
345
+ assets resulting from the acquisition of entities accounted for using the purchase
346
+ method of accounting are estimated by us based on the fair value of assetsreceived.
347
+ Intangible assets are amortized on a straight-line basis over the estimated useful
348
+ lives which range from two to twelve years.Goodwill is not subject to amortization,
349
+ but is tested for impairment on an annual basis during the fourth quarter or whenever
350
+ events or changes in circumstancesindicate the carrying amount of the goodwill
351
+ may not be recoverable. As part of the annual goodwill impairment test, we first
352
+ perform a qualitative assessment to determinewhether further impairment testing
353
+ is necessary. If, as a result of its qualitative assessment, it is more-likely-than-not
354
+ that the fair value of the reporting unit is less than itscarrying amounts, the
355
+ quantitative impairment test will be required. There was no impairment of goodwill
356
+ recorded for the years ended December 31, 2021, 2020 and 2019.Recent Accounting
357
+ PronouncementsSee Note 2 to our consolidated financial statements included elsewhere
358
+ in this Annual Report on Form 10-K for recently issued accounting pronouncements
359
+ notyet adopted as of the date of this report. Components of Results of OperationsAs
360
+ noted above, we expect to see decreased levels of demand for our platform, decreased
361
+ numbers of new rider activations, and negative impacts on revenue for solong as
362
+ responsive measures to COVID-19 remain in place when compared to levels prior
363
+ to the onset of the COVID-19 pandemic in March 2020. We have adoptedmultiple
364
+ measures in response to the COVID-19 pandemic. We cannot be certain that these
365
+ actions will mitigate some or all of the negative effects of the pandemic on ourbusiness.
366
+ In light of the evolving and unpredictable effects of COVID-19, we are not currently
367
+ in a position to forecast the expected impact of COVID-19 on our financialand
368
+ operating results in future periods.Revenue RecognitionRevenue consists of revenue
369
+ recognized from fees paid by drivers for use of our Lyft Platform offerings, Concierge
370
+ platform fees from organizations that use ourConcierge offering, subscription
371
+ fees paid by riders to access transportation options through the Lyft Platform,
372
+ revenue from our vehicle service centers and revenue fromlicensing and data access
373
+ agreements. Revenue derived from these offerings are recognized in accordance
374
+ with ASC 606 as described in the Critical Accounting Policiesand Estimates above
375
+ and in Note 2 of the notes to our consolidated financial statements.Revenue also
376
+ consists of rental revenues recognized through leases or subleases primarily from
377
+ Flexdrive, Lyft Rentals, and our network of Light Vehicles, whichincludes revenue
378
+ generated from single-use ride fees paid by riders of Light Vehicles. Revenue
379
+ derived from these offerings are recognized in accordance with ASC 842 asdescribed
380
+ in the Critical Accounting Policies and Estimates above and in Note 2 of the notes
381
+ to our consolidated financial statements.We offer various incentive programs to
382
+ drivers that are recorded as reduction to revenue if we do not receive a distinct
383
+ good or service in consideration or if wecannot reasonably estimate the fair value
384
+ of goods or services received.Cost of RevenueCost of revenue consists of costs
385
+ directly related to revenue generating transactions through our multimodal platform
386
+ which primarily includes insurance costs,payment processing charges, and other
387
+ costs. Insurance costs consist of insurance generally required under TNC and city
388
+ regulations for ridesharing and bike and scooterrentals and also includes occupational
389
+ hazard insurance for drivers in California. Payment processing charges include
390
+ merchant fees, chargebacks and failed charges. Othercosts included in cost of revenue are hosting and platform-related technology costs, vehicle lease expenses, personnel-related compensation costs, depreciation,amortization
391
+ of technology-related intangible assets, asset write-off charges and remarketing
392
+ gains and losses related to the sale of vehicles.Operations and SupportOperations
393
+ and support expenses primarily consist of personnel-related compensation costs
394
+ of local operations teams and teams who provide phone, email andchat support to users, bike and scooter fleet operations support costs, driver background checks and onboarding costs, fees paid to third-parties providing operationssupport,
395
+ facility costs and certain car rental fleet support costs. Bike and scooter fleet
396
+ operations support costs include general repairs and maintenance, and other customersupport
397
+ activities related to repositioning bikes and scooters for rider convenience,
398
+ cleaning and safety checks.Research and Development61
399
+ - 6.5Other Requirements.Severance Benefits under this Plan shall terminate immediately for aParticipant if such Participant, at any time, violates any such agreement and/or the provisions of this Section 6.7.Timing
400
+ of Severance Benefits.Provided that the Release becomes effective and irrevocable by the ReleaseDeadline Date and subject to Section 9, the Severance Benefits will be paid, or in the case of installments, willcommence,
401
+  on  the  first  Company  payroll  date  following  the  Release  Deadline  Date
402
+  (such  payment  date,  the"Severance Start Date"), and any Severance Benefits otherwise payable to theParticipant during the period immediately following the Participant's termination of employment with the Companythrough the Severance Start Date will be paid in a lump sum to the Participant on the Severance Start Date, with anyremaining payments to be made as provided in this Plan and the Participant's Participation Agreement.8.Exclusive Benefit.Unless
403
+  otherwise  provided  for  by  the  Administrator  in  a  Participant's  ParticipationAgreement, the benefits, if any, provided under this Plan will be the exclusive benefits for a Participant related to his orher termination of employment with the Company and/or a change in control of the Company and will supersede andreplace
404
+  any  severance  and/or  change  in  control  benefits  set  forth  in  any  offer
405
+  letter,  employment  or  severanceagreement and/or other agreement between the Participant and the Company, including any equity award agreement.For the avoidance of doubt, if a Participant was otherwise eligible to participate in any other Company severance and/orchange in control plan (whether or not subject to ERISA), then participation in this Planwill supersede and replace eligibility in such other plan.
406
+ - source_sentence: Why is the Mine Safety Disclosures section not applicable in this
407
+ context?
408
+ sentences:
409
+ - Any of the foregoing risks could also result in decreased usage of our network
410
+ of Light Vehicles and adversely affect our business, brand,financial conditions
411
+ and results of operations.If we fail to effectively manage our growth, our business,
412
+ financial condition and results of operations could be adversely affected.Since
413
+ 2012 and prior to the COVID-19 pandemic, we generally experienced rapid growth
414
+ in our business, the number of users on our platform and our geographicreach,
415
+ and we expect to continue to experience growth in the future following the recovery
416
+ of the world economy from the pandemic.This growth placed, and may continueto
417
+ place, significant demands on our management and our operational and financial
418
+ infrastructure.Employee growth has occurred both at our San Francisco headquartersand
419
+ in a number of our offices across the United States and internationally.The number
420
+ of our full-time employees increased from 2,708 as of December 31, 2017, to 4,453as
421
+ of December 31, 2021.However, from time to time, we have undertaken restructuring
422
+ actions to better align our financial model and our business.For example, in thesecond
423
+ quarter of 2020, we implemented a plan of termination to reduce operating expenses
424
+ and adjust cash flows in light of the ongoing economic challenges resultingfrom
425
+ the COVID-19 pandemic and its impact on our business, which plan involved the
426
+ termination of approximately 17% of our employees.Steps we take to manage ourbusiness
427
+ operations, including remote work policies for employees, and to align our operations
428
+ with our strategies for future growth may adversely affect our reputation andbrand,
429
+ our ability to recruit, retain and motivate highly skilled personnel.Our ability
430
+ to manage our growth and business operations effectively and to integrate new
431
+ employees, technologies and acquisitions into our existing business willrequire
432
+ us to continue to expand our operational and financial infrastructure and to continue
433
+ to retain, attract, train, motivate and manage employees.Continued growthcould
434
+ strain our ability to develop and improve our operational, financial and management
435
+ controls, enhance our reporting systems and procedures, recruit, train and retainhighly
436
+ skilled personnel and maintain user satisfaction.Additionally, if we do not effectively
437
+ manage the growth of our business and operations, the29
438
+ - 2.2Additionally, the post-termination exercise period for any stock options exercisable for shares of the Company’sClass
439
+ A Common Stock held by Consultant set forth on Schedule 1 (each, a “Company Option”),
440
+ to the extent vested and exercisable as ofthe Contract Termination Date, are hereby amended to extend such exercise period until the original maximum term of the CompanyOption,
441
+ subject to earlier termination (for a reason other than termination as a service
442
+ provider) in accordance with the Equity Documents.Notwithstanding any contrary
443
+ provision of this Agreement, the longer exercise period provided by this Section
444
+ 2.2 will be provided only ifthe release of claims attached as Exhibit 1 is signed by Consultant, returned to the Company within the 21 day period immediatelyfollowing the Contract Termination Date, and the release becomes effective and irrevocable no later than 29 days after the ContractTermination
445
+ Date.2.3Consultant shall not be authorized to incur on behalf of the Company any
446
+ expenses and will be responsible for allexpenses incurred while performing the
447
+ Services unless otherwise agreed to by the Company in writing in advance by the
448
+ President.3.Term. The “Term” will commence on the Effective Date and will terminate on June 1, 2022, unless earlier terminatedpursuant to the terms hereof, or unless extended by agreement of the parties hereto (whichever date applies being the “ContractTermination
449
+ Date”). On or immediately following the Contract Termination Date, Consultant
450
+ will promptly deliver to the Company allcompany property and documents and other materials of any nature furnished by the Company to the Consultant or produced by theConsultant
451
+ in connection with the services rendered hereunder, together with all copies of
452
+ any of the foregoing pertaining to the Services orpertaining to any Confidential
453
+ Information. Termination of this Agreement under this Section 3 shall not affect
454
+ the Consultant’s continuingobligations to the Company under Section 7 below.4.Termination.4.1Breach. Either party may terminate this Agreement in the event of a material breach by the other party of thisAgreement
455
+ if such breach continues uncured for a period of ten (10) days after written notice.4.2Expiration.
456
+ Unless terminated earlier, this Agreement will expire at the end of the Term.4.3No
457
+ Election of Remedies. The election by the Company to terminate this Agreement
458
+ in accordance with its termsshall not be deemed an election of remedies, and all
459
+ other remedies provided by this Agreement or available at law or in equity shall
460
+ surviveany termination.5.Conflicts of Interest.5.1The Consultant will not disclose to the Company any information that the Consultant is obligated to keep secretpursuant to an existing confidentiality agreement with a third party, and nothing in this Agreement will impose any obligation on theConsultant
461
+ to the contrary.5.2The Consultant shall not use the funding, resources, facilities
462
+ or time properly devoted to any third party to performconsulting work hereunder
463
+ and shall not perform24857-0921-6260.2
464
+ - Item 3. Legal Proceedings.See discussion under the heading Legal Proceedings in
465
+ Note 9 to the consolidated financial statements included in Part II, Item 8 of
466
+ this report.Item 4. Mine Safety Disclosures.Not applicable.54
467
+ pipeline_tag: sentence-similarity
468
+ library_name: sentence-transformers
469
+ metrics:
470
+ - cosine_accuracy@1
471
+ - cosine_accuracy@3
472
+ - cosine_accuracy@5
473
+ - cosine_accuracy@10
474
+ - cosine_precision@1
475
+ - cosine_precision@3
476
+ - cosine_precision@5
477
+ - cosine_precision@10
478
+ - cosine_recall@1
479
+ - cosine_recall@3
480
+ - cosine_recall@5
481
+ - cosine_recall@10
482
+ - cosine_ndcg@10
483
+ - cosine_mrr@10
484
+ - cosine_map@100
485
+ model-index:
486
+ - name: SentenceTransformer based on sentence-transformers/all-MiniLM-L6-v2
487
+ results:
488
+ - task:
489
+ type: information-retrieval
490
+ name: Information Retrieval
491
+ dataset:
492
+ name: Unknown
493
+ type: unknown
494
+ metrics:
495
+ - type: cosine_accuracy@1
496
+ value: 0.520253164556962
497
+ name: Cosine Accuracy@1
498
+ - type: cosine_accuracy@3
499
+ value: 0.7025316455696202
500
+ name: Cosine Accuracy@3
501
+ - type: cosine_accuracy@5
502
+ value: 0.7620253164556962
503
+ name: Cosine Accuracy@5
504
+ - type: cosine_accuracy@10
505
+ value: 0.8151898734177215
506
+ name: Cosine Accuracy@10
507
+ - type: cosine_precision@1
508
+ value: 0.520253164556962
509
+ name: Cosine Precision@1
510
+ - type: cosine_precision@3
511
+ value: 0.23417721518987342
512
+ name: Cosine Precision@3
513
+ - type: cosine_precision@5
514
+ value: 0.1524050632911392
515
+ name: Cosine Precision@5
516
+ - type: cosine_precision@10
517
+ value: 0.08151898734177215
518
+ name: Cosine Precision@10
519
+ - type: cosine_recall@1
520
+ value: 0.520253164556962
521
+ name: Cosine Recall@1
522
+ - type: cosine_recall@3
523
+ value: 0.7025316455696202
524
+ name: Cosine Recall@3
525
+ - type: cosine_recall@5
526
+ value: 0.7620253164556962
527
+ name: Cosine Recall@5
528
+ - type: cosine_recall@10
529
+ value: 0.8151898734177215
530
+ name: Cosine Recall@10
531
+ - type: cosine_ndcg@10
532
+ value: 0.6712485933066905
533
+ name: Cosine Ndcg@10
534
+ - type: cosine_mrr@10
535
+ value: 0.6248035965441024
536
+ name: Cosine Mrr@10
537
+ - type: cosine_map@100
538
+ value: 0.6305430820923001
539
+ name: Cosine Map@100
540
+ ---
541
+
542
+ # SentenceTransformer based on sentence-transformers/all-MiniLM-L6-v2
543
+
544
+ This is a [sentence-transformers](https://www.SBERT.net) model finetuned from [sentence-transformers/all-MiniLM-L6-v2](https://huggingface.co/sentence-transformers/all-MiniLM-L6-v2). It maps sentences & paragraphs to a 384-dimensional dense vector space and can be used for semantic textual similarity, semantic search, paraphrase mining, text classification, clustering, and more.
545
+
546
+ ## Model Details
547
+
548
+ ### Model Description
549
+ - **Model Type:** Sentence Transformer
550
+ - **Base model:** [sentence-transformers/all-MiniLM-L6-v2](https://huggingface.co/sentence-transformers/all-MiniLM-L6-v2) <!-- at revision fa97f6e7cb1a59073dff9e6b13e2715cf7475ac9 -->
551
+ - **Maximum Sequence Length:** 256 tokens
552
+ - **Output Dimensionality:** 384 dimensions
553
+ - **Similarity Function:** Cosine Similarity
554
+ <!-- - **Training Dataset:** Unknown -->
555
+ <!-- - **Language:** Unknown -->
556
+ <!-- - **License:** Unknown -->
557
+
558
+ ### Model Sources
559
+
560
+ - **Documentation:** [Sentence Transformers Documentation](https://sbert.net)
561
+ - **Repository:** [Sentence Transformers on GitHub](https://github.com/UKPLab/sentence-transformers)
562
+ - **Hugging Face:** [Sentence Transformers on Hugging Face](https://huggingface.co/models?library=sentence-transformers)
563
+
564
+ ### Full Model Architecture
565
+
566
+ ```
567
+ SentenceTransformer(
568
+ (0): Transformer({'max_seq_length': 256, 'do_lower_case': False}) with Transformer model: BertModel
569
+ (1): Pooling({'word_embedding_dimension': 384, 'pooling_mode_cls_token': False, 'pooling_mode_mean_tokens': True, 'pooling_mode_max_tokens': False, 'pooling_mode_mean_sqrt_len_tokens': False, 'pooling_mode_weightedmean_tokens': False, 'pooling_mode_lasttoken': False, 'include_prompt': True})
570
+ (2): Normalize()
571
+ )
572
+ ```
573
+
574
+ ## Usage
575
+
576
+ ### Direct Usage (Sentence Transformers)
577
+
578
+ First install the Sentence Transformers library:
579
+
580
+ ```bash
581
+ pip install -U sentence-transformers
582
+ ```
583
+
584
+ Then you can load this model and run inference.
585
+ ```python
586
+ from sentence_transformers import SentenceTransformer
587
+
588
+ # Download from the 🤗 Hub
589
+ model = SentenceTransformer("sentence_transformers_model_id")
590
+ # Run inference
591
+ sentences = [
592
+ 'Why is the Mine Safety Disclosures section not applicable in this context?',
593
+ 'Item 3. Legal Proceedings.See discussion under the heading Legal Proceedings in Note 9 to the consolidated financial statements included in Part II, Item 8 of this report.Item 4. Mine Safety Disclosures.Not applicable.54',
594
+ 'Any of the foregoing risks could also result in decreased usage of our network of Light Vehicles and adversely affect our business, brand,financial conditions and results of operations.If we fail to effectively manage our growth, our business, financial condition and results of operations could be adversely affected.Since 2012 and prior to the COVID-19 pandemic, we generally experienced rapid growth in our business, the number of users on our platform and our geographicreach, and we expect to continue to experience growth in the future following the recovery of the world economy from the pandemic.This growth placed, and may continueto place, significant demands on our management and our operational and financial infrastructure.Employee growth has occurred both at our San Francisco headquartersand in a number of our offices across the United States and internationally.The number of our full-time employees increased from 2,708 as of December 31, 2017, to 4,453as of December 31, 2021.However, from time to time, we have undertaken restructuring actions to better align our financial model and our business.For example, in thesecond quarter of 2020, we implemented a plan of termination to reduce operating expenses and adjust cash flows in light of the ongoing economic challenges resultingfrom the COVID-19 pandemic and its impact on our business, which plan involved the termination of approximately 17% of our employees.Steps we take to manage ourbusiness operations, including remote work policies for employees, and to align our operations with our strategies for future growth may adversely affect our reputation andbrand, our ability to recruit, retain and motivate highly skilled personnel.Our ability to manage our growth and business operations effectively and to integrate new employees, technologies and acquisitions into our existing business willrequire us to continue to expand our operational and financial infrastructure and to continue to retain, attract, train, motivate and manage employees.Continued growthcould strain our ability to develop and improve our operational, financial and management controls, enhance our reporting systems and procedures, recruit, train and retainhighly skilled personnel and maintain user satisfaction.Additionally, if we do not effectively manage the growth of our business and operations, the29',
595
+ ]
596
+ embeddings = model.encode(sentences)
597
+ print(embeddings.shape)
598
+ # [3, 384]
599
+
600
+ # Get the similarity scores for the embeddings
601
+ similarities = model.similarity(embeddings, embeddings)
602
+ print(similarities.shape)
603
+ # [3, 3]
604
+ ```
605
+
606
+ <!--
607
+ ### Direct Usage (Transformers)
608
+
609
+ <details><summary>Click to see the direct usage in Transformers</summary>
610
+
611
+ </details>
612
+ -->
613
+
614
+ <!--
615
+ ### Downstream Usage (Sentence Transformers)
616
+
617
+ You can finetune this model on your own dataset.
618
+
619
+ <details><summary>Click to expand</summary>
620
+
621
+ </details>
622
+ -->
623
+
624
+ <!--
625
+ ### Out-of-Scope Use
626
+
627
+ *List how the model may foreseeably be misused and address what users ought not to do with the model.*
628
+ -->
629
+
630
+ ## Evaluation
631
+
632
+ ### Metrics
633
+
634
+ #### Information Retrieval
635
+
636
+ * Evaluated with [<code>InformationRetrievalEvaluator</code>](https://sbert.net/docs/package_reference/sentence_transformer/evaluation.html#sentence_transformers.evaluation.InformationRetrievalEvaluator)
637
+
638
+ | Metric | Value |
639
+ |:--------------------|:-----------|
640
+ | cosine_accuracy@1 | 0.5203 |
641
+ | cosine_accuracy@3 | 0.7025 |
642
+ | cosine_accuracy@5 | 0.762 |
643
+ | cosine_accuracy@10 | 0.8152 |
644
+ | cosine_precision@1 | 0.5203 |
645
+ | cosine_precision@3 | 0.2342 |
646
+ | cosine_precision@5 | 0.1524 |
647
+ | cosine_precision@10 | 0.0815 |
648
+ | cosine_recall@1 | 0.5203 |
649
+ | cosine_recall@3 | 0.7025 |
650
+ | cosine_recall@5 | 0.762 |
651
+ | cosine_recall@10 | 0.8152 |
652
+ | **cosine_ndcg@10** | **0.6712** |
653
+ | cosine_mrr@10 | 0.6248 |
654
+ | cosine_map@100 | 0.6305 |
655
+
656
+ <!--
657
+ ## Bias, Risks and Limitations
658
+
659
+ *What are the known or foreseeable issues stemming from this model? You could also flag here known failure cases or weaknesses of the model.*
660
+ -->
661
+
662
+ <!--
663
+ ### Recommendations
664
+
665
+ *What are recommendations with respect to the foreseeable issues? For example, filtering explicit content.*
666
+ -->
667
+
668
+ ## Training Details
669
+
670
+ ### Training Dataset
671
+
672
+ #### Unnamed Dataset
673
+
674
+
675
+ * Size: 668 training samples
676
+ * Columns: <code>sentence_0</code> and <code>sentence_1</code>
677
+ * Approximate statistics based on the first 668 samples:
678
+ | | sentence_0 | sentence_1 |
679
+ |:--------|:------------------------------------------------------------------------------------|:------------------------------------------------------------------------------------|
680
+ | type | string | string |
681
+ | details | <ul><li>min: 14 tokens</li><li>mean: 34.62 tokens</li><li>max: 111 tokens</li></ul> | <ul><li>min: 3 tokens</li><li>mean: 226.63 tokens</li><li>max: 256 tokens</li></ul> |
682
+ * Samples:
683
+ | sentence_0 | sentence_1 |
684
+ |:-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
685
+ | <code>What is the market value of Lyft's common stock held by non-affiliates as of June 30, 2021, based on the closing sales price of the Class A common stock on that date?</code> | <code>UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549FORM 10-K (Mark One)☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31, 2021OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIODFROM TOCommission File Number 001-38846Lyft, Inc.(Exact name of Registrant as specified in its Charter)Delaware20-8809830(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)185 Berry Street, Suite 5000San Francisco, California94107(Address of principal executive offices)(Zip Code)Registrant’s telephone number, including area code: (844) 250-2773Securities registered pursuant to Section 12(b) of the Act: Title of each classTradingSymbol(s)Name of each exchange on which registeredClass A common stock, par value of $0.00001 per shareLYFTNasdaq Global Select MarketSecurities registered pursuant to ...</code> |
686
+ | <code>Has Lyft filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act?</code> | <code>UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549FORM 10-K (Mark One)☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31, 2021OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIODFROM TOCommission File Number 001-38846Lyft, Inc.(Exact name of Registrant as specified in its Charter)Delaware20-8809830(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)185 Berry Street, Suite 5000San Francisco, California94107(Address of principal executive offices)(Zip Code)Registrant’s telephone number, including area code: (844) 250-2773Securities registered pursuant to Section 12(b) of the Act: Title of each classTradingSymbol(s)Name of each exchange on which registeredClass A common stock, par value of $0.00001 per shareLYFTNasdaq Global Select MarketSecurities registered pursuant to ...</code> |
687
+ | <code>In the "Management's Discussion and Analysis of Financial Condition and Results of Operations" section, what information would you expect to find regarding the company's market risk?</code> | <code>Table of ContentsPagePART IItem 1.Business5Item 1A.Risk Factors15Item 1B.Unresolved Staff Comments53Item 2.Properties53Item 3.Legal Proceedings54Item 4.Mine Safety Disclosures54PART IIItem 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities55Item 6.[Reserved]56Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations56Item 7A.Quantitative and Qualitative Disclosures About Market Risk73Item 8.Financial Statements and Supplementary Data74Item 9.Changes in and Disagreements With Accountants on Accounting and Financial Disclosure123Item 9A.Controls and Procedures123Item 9B.Other Information123Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections123PART IIIItem 10.Directors, Executive Officers and Corporate Governance124Item 11.Executive Compensation124Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters124Item 13.Certain Relat...</code> |
688
+ * Loss: [<code>MultipleNegativesRankingLoss</code>](https://sbert.net/docs/package_reference/sentence_transformer/losses.html#multiplenegativesrankingloss) with these parameters:
689
+ ```json
690
+ {
691
+ "scale": 20.0,
692
+ "similarity_fct": "cos_sim"
693
+ }
694
+ ```
695
+
696
+ ### Training Hyperparameters
697
+ #### Non-Default Hyperparameters
698
+
699
+ - `eval_strategy`: steps
700
+ - `per_device_train_batch_size`: 10
701
+ - `per_device_eval_batch_size`: 10
702
+ - `num_train_epochs`: 2
703
+ - `multi_dataset_batch_sampler`: round_robin
704
+
705
+ #### All Hyperparameters
706
+ <details><summary>Click to expand</summary>
707
+
708
+ - `overwrite_output_dir`: False
709
+ - `do_predict`: False
710
+ - `eval_strategy`: steps
711
+ - `prediction_loss_only`: True
712
+ - `per_device_train_batch_size`: 10
713
+ - `per_device_eval_batch_size`: 10
714
+ - `per_gpu_train_batch_size`: None
715
+ - `per_gpu_eval_batch_size`: None
716
+ - `gradient_accumulation_steps`: 1
717
+ - `eval_accumulation_steps`: None
718
+ - `torch_empty_cache_steps`: None
719
+ - `learning_rate`: 5e-05
720
+ - `weight_decay`: 0.0
721
+ - `adam_beta1`: 0.9
722
+ - `adam_beta2`: 0.999
723
+ - `adam_epsilon`: 1e-08
724
+ - `max_grad_norm`: 1
725
+ - `num_train_epochs`: 2
726
+ - `max_steps`: -1
727
+ - `lr_scheduler_type`: linear
728
+ - `lr_scheduler_kwargs`: {}
729
+ - `warmup_ratio`: 0.0
730
+ - `warmup_steps`: 0
731
+ - `log_level`: passive
732
+ - `log_level_replica`: warning
733
+ - `log_on_each_node`: True
734
+ - `logging_nan_inf_filter`: True
735
+ - `save_safetensors`: True
736
+ - `save_on_each_node`: False
737
+ - `save_only_model`: False
738
+ - `restore_callback_states_from_checkpoint`: False
739
+ - `no_cuda`: False
740
+ - `use_cpu`: False
741
+ - `use_mps_device`: False
742
+ - `seed`: 42
743
+ - `data_seed`: None
744
+ - `jit_mode_eval`: False
745
+ - `use_ipex`: False
746
+ - `bf16`: False
747
+ - `fp16`: False
748
+ - `fp16_opt_level`: O1
749
+ - `half_precision_backend`: auto
750
+ - `bf16_full_eval`: False
751
+ - `fp16_full_eval`: False
752
+ - `tf32`: None
753
+ - `local_rank`: 0
754
+ - `ddp_backend`: None
755
+ - `tpu_num_cores`: None
756
+ - `tpu_metrics_debug`: False
757
+ - `debug`: []
758
+ - `dataloader_drop_last`: False
759
+ - `dataloader_num_workers`: 0
760
+ - `dataloader_prefetch_factor`: None
761
+ - `past_index`: -1
762
+ - `disable_tqdm`: False
763
+ - `remove_unused_columns`: True
764
+ - `label_names`: None
765
+ - `load_best_model_at_end`: False
766
+ - `ignore_data_skip`: False
767
+ - `fsdp`: []
768
+ - `fsdp_min_num_params`: 0
769
+ - `fsdp_config`: {'min_num_params': 0, 'xla': False, 'xla_fsdp_v2': False, 'xla_fsdp_grad_ckpt': False}
770
+ - `fsdp_transformer_layer_cls_to_wrap`: None
771
+ - `accelerator_config`: {'split_batches': False, 'dispatch_batches': None, 'even_batches': True, 'use_seedable_sampler': True, 'non_blocking': False, 'gradient_accumulation_kwargs': None}
772
+ - `deepspeed`: None
773
+ - `label_smoothing_factor`: 0.0
774
+ - `optim`: adamw_torch
775
+ - `optim_args`: None
776
+ - `adafactor`: False
777
+ - `group_by_length`: False
778
+ - `length_column_name`: length
779
+ - `ddp_find_unused_parameters`: None
780
+ - `ddp_bucket_cap_mb`: None
781
+ - `ddp_broadcast_buffers`: False
782
+ - `dataloader_pin_memory`: True
783
+ - `dataloader_persistent_workers`: False
784
+ - `skip_memory_metrics`: True
785
+ - `use_legacy_prediction_loop`: False
786
+ - `push_to_hub`: False
787
+ - `resume_from_checkpoint`: None
788
+ - `hub_model_id`: None
789
+ - `hub_strategy`: every_save
790
+ - `hub_private_repo`: None
791
+ - `hub_always_push`: False
792
+ - `gradient_checkpointing`: False
793
+ - `gradient_checkpointing_kwargs`: None
794
+ - `include_inputs_for_metrics`: False
795
+ - `include_for_metrics`: []
796
+ - `eval_do_concat_batches`: True
797
+ - `fp16_backend`: auto
798
+ - `push_to_hub_model_id`: None
799
+ - `push_to_hub_organization`: None
800
+ - `mp_parameters`:
801
+ - `auto_find_batch_size`: False
802
+ - `full_determinism`: False
803
+ - `torchdynamo`: None
804
+ - `ray_scope`: last
805
+ - `ddp_timeout`: 1800
806
+ - `torch_compile`: False
807
+ - `torch_compile_backend`: None
808
+ - `torch_compile_mode`: None
809
+ - `dispatch_batches`: None
810
+ - `split_batches`: None
811
+ - `include_tokens_per_second`: False
812
+ - `include_num_input_tokens_seen`: False
813
+ - `neftune_noise_alpha`: None
814
+ - `optim_target_modules`: None
815
+ - `batch_eval_metrics`: False
816
+ - `eval_on_start`: False
817
+ - `use_liger_kernel`: False
818
+ - `eval_use_gather_object`: False
819
+ - `average_tokens_across_devices`: False
820
+ - `prompts`: None
821
+ - `batch_sampler`: batch_sampler
822
+ - `multi_dataset_batch_sampler`: round_robin
823
+
824
+ </details>
825
+
826
+ ### Training Logs
827
+ | Epoch | Step | cosine_ndcg@10 |
828
+ |:------:|:----:|:--------------:|
829
+ | 0.7463 | 50 | 0.6668 |
830
+ | 1.0 | 67 | 0.6661 |
831
+ | 1.4925 | 100 | 0.6699 |
832
+ | 2.0 | 134 | 0.6712 |
833
+
834
+
835
+ ### Framework Versions
836
+ - Python: 3.10.12
837
+ - Sentence Transformers: 3.3.1
838
+ - Transformers: 4.47.1
839
+ - PyTorch: 2.5.1+cu121
840
+ - Accelerate: 1.2.1
841
+ - Datasets: 3.2.0
842
+ - Tokenizers: 0.21.0
843
+
844
+ ## Citation
845
+
846
+ ### BibTeX
847
+
848
+ #### Sentence Transformers
849
+ ```bibtex
850
+ @inproceedings{reimers-2019-sentence-bert,
851
+ title = "Sentence-BERT: Sentence Embeddings using Siamese BERT-Networks",
852
+ author = "Reimers, Nils and Gurevych, Iryna",
853
+ booktitle = "Proceedings of the 2019 Conference on Empirical Methods in Natural Language Processing",
854
+ month = "11",
855
+ year = "2019",
856
+ publisher = "Association for Computational Linguistics",
857
+ url = "https://arxiv.org/abs/1908.10084",
858
+ }
859
+ ```
860
+
861
+ #### MultipleNegativesRankingLoss
862
+ ```bibtex
863
+ @misc{henderson2017efficient,
864
+ title={Efficient Natural Language Response Suggestion for Smart Reply},
865
+ author={Matthew Henderson and Rami Al-Rfou and Brian Strope and Yun-hsuan Sung and Laszlo Lukacs and Ruiqi Guo and Sanjiv Kumar and Balint Miklos and Ray Kurzweil},
866
+ year={2017},
867
+ eprint={1705.00652},
868
+ archivePrefix={arXiv},
869
+ primaryClass={cs.CL}
870
+ }
871
+ ```
872
+
873
+ <!--
874
+ ## Glossary
875
+
876
+ *Clearly define terms in order to be accessible across audiences.*
877
+ -->
878
+
879
+ <!--
880
+ ## Model Card Authors
881
+
882
+ *Lists the people who create the model card, providing recognition and accountability for the detailed work that goes into its construction.*
883
+ -->
884
+
885
+ <!--
886
+ ## Model Card Contact
887
+
888
+ *Provides a way for people who have updates to the Model Card, suggestions, or questions, to contact the Model Card authors.*
889
+ -->
config.json ADDED
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+ }
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+ size 90864192
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