lyft

The Latest

  • Uber and Lyft Threaten Minneapolis Departure in Minimum Wage Law Standoff
    Ride-hailing
    Uber and Lyft have announced plans to suspend their services in Minneapolis, marking a significant clash between the ride-hailing giants and city leadership.
  • Earnings Typo Error Sends Lyft Stock on Wild Ride, Questions Raised
    Lyft IPO
    Lyft, the renowned ride-sharing company, faced an extraordinary situation due to a typographical error in its earnings report. This incident not only led to a dramatic fluctuation in the company's stock prices but also spotlighted the critical nature of financial communications and the repercussions of inaccuracies, however minor they may seem.
  • Lyft's Stock Skyrockets Following Earnings Triumph and Optimistic Outlook
    Lyft
    Lyft's shares surged by more than 60%, buoyed by an earnings report that exceeded analysts' expectations and an optimistic financial outlook for the coming year. The ride-hailing service reported an adjusted earnings per share of 18 cents, doubling the 8 cents forecast by analysts surveyed by LSEG (formerly Refinitiv). This financial achievement comes alongside reported revenue of $1.22 billion for the quarter, aligning with market predictions.
  • Lyft Announces Major Layoffs Exceeding 30% Days After New CEO Takes the Helm
    Lyft IPO
    According to media reports on Friday, US ride-hailing company Lyft is implementing a new round of significant layoffs, possibly cutting over 30% of its workforce, affecting at least 1,200 people. These layoffs may help Lyft reduce costs by 50%.
  • Lyft Shares Tank By Nearly 30%, Dragging Down Other Ride-Hailing Stock
    Ride-hailing
    Lyft said it plans to focus its investments in driver incentives to address any unexpected surge in passengers.
  • Uber Now Offering Car Rentals Via Mobile App
    Uber
    Uber partnered with brands such as Hertz and Avis for its new Uber Rent car rental program.
  • Toyota Gets A Lyft For $550 Milllion
    Toyota
    Woven Planet and Lyft will collaborate to improve the safety of automated driving technology.
  • Uber And Lyft Facing Driver Shortages As Demand Recovers
    Ride-hailing
    Ride-hailing companies in the US are reportedly having problems recruiting drivers.
  • Woman Coughs On, Assaults Uber Driver When Asked To Wear Face Mask
    BANNED
    Lyft too has banned the passenger seen in the video attacking the Uber driver.
  • Ride-Share Leaders Lyft And Uber Get A Fresh Look Along With Carnival And GE
    GROWTH OUTLOOK
    Ridesharing, cruises and a former Blue Chip industrial are in focus.
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