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Lyft News
Lyft is selling its autonomous driving unit to Toyota for $550 million
Lyft will receive some $550 million in cash, with $200 million paidup front and $350 million over five years under the agreement.
Apple says App Store generated over 'half a trillion dollars' in sales in 2019
Apple revealed that m-commerce apps gave the majority of sales of $268 million.
Uber posts massive losses, to lay off 3,700 employees; banks on food-delivery momentum
Uber recorded $3.54 billion in total revenue for the first three months of the year, roughly in line with analyst estimates, but still posted a $2.9 billion loss in the period.
California wanted to protect Uber drivers; now it has passed a law that may hurt freelancers
The idea behind the law, signed in September, is that many workers are misclassified as contractors so companies can save money.
Uber, Lyft's alternative tax proposal rejected, Uber accused of resisting regulation
Uber says the alternative plan would raise more money for the cash-strapped city in a more equitable way.
Lyft estimates Q4 revenues at $975 million as riders increase by 28 percent
Lyft has partnered with several companies as it battles Uber Technologies Inc in the ride-hailing market.
Facebook Libra: Here's how it could impact the Indian regulatory stance on cryptocurrencies
Libra has already caught the attention of international regulators, and one can expect changes to Facebook’s approach based feedback
Uber loses $1 billion in first quarter as costs for drivers, food delivery grow
Uber CEO Dara Khosrowshahi will have to soon convince investors that Uber can turn a profit.
Uber's first earnings report after IPO: Ride-hailing service loses $1 billion in quarter as costs grow for drivers, food delivery
With its share price trading more than 10 percent below its IPO price of $45, Khosrowshahi will have to convince investors Uber can turn a profit
Uber CEO expects further pressure as falling shares more than double losses; says stock did not trade as well as hoped post-IPO
Uber's market capitalization has fallen to about $61 billion since its IPO on Thursday, still larger than Wall Street heavyweights including General Motors and FedEx
Uber's market debut sours most anticipated IPO since Facebook; only about a fifth of IPOs have ended first day of trading in red
Uber's IPO was a watershed moment for the decade-old company, which was started after its founders struggled to find a cab on a snowy night.
Uber driver's in New York to go on strike to protest unfair employment conditions
Uber cautioned in its IPO filing that its business would be “adversely affected”.
Elon Musk announced that Tesla is working on a fleet of autonomous Robotaxis
Present owners of Tesla cars can add their vehicles to the company's ride-sharing app said Musk.
Uber IPO: Cab-hailing service providers need to focus on customer loyalty, provide sense of price fairness
In recent times, cab-hailing service companies have introduced ride passes and Uber has announced Uber vouchers to lock us into using their service.
Uber unveils IPO with warning it may never make a profit; operating expenses to increase significantly in future
Although Uber's user base includes customers of other services as well as ride-sharing, Uber’s 91 million is nearly five times the 18.6 million announced by rival Lyft Inc.
Lyft stock rises 9 percent in Wall Street premier, setting stage for Uber
Lyft shares rise on its first day of trading for a market cap of $26.5 billion in its Nasdaq debut
Lyft valued at $24.3 bn in first ride-hailing IPO, raises $2.34 bn in maiden offer; stock set to begin trading on Nasdaq from Friday
Lyft’s revenue was $2.16 billion for 2018, double the previous year’s and far higher than $343 million in 2016.
Uber planning to kick off its initial public offering in April: Report
Uber’s revenue last year was $11.3 billion, while its gross bookings from rides were $50 billion.
Facebook is the least trusted tech company followed by Twitter, Amazon: Survey
Consumers trust Facebook the least, followed by Twitter, Amazon, Uber and Google.
Ride-hailing firm Lyft Inc files for IPO with U.S. Securities and Exchange Commission
Lyft Inc was last valued at about $15 billion, did not specify the number of shares it was selling or the price range for the offering in a confidential filing with the SEC.