Lyft

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Lyft - Total results - 99
Apple says App Store generated over 'half a trillion dollars' in sales in 2019
News & Analysis

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
Business

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
News & Analysis

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
News & Analysis

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
News & Analysis

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
News & Analysis

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
News & Analysis

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
Business

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
Business

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
Business

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
News & Analysis

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
auto

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
Business

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
Business

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
News & Analysis

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
Business

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
News & Analysis

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
News & Analysis

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
Business

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.

Facebook's confidential emails released by UK Parliament: Here's all you need to know
News & Analysis

Facebook's confidential emails released by UK Parliament: Here's all you need to know

A quick explainer on all the major revelations from the leak including Facebook's data policies, treatment of rivals, spy app and more