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LYFT GROWTH STRATEGY
Uber CEO on Travis Kalanick; Micron’s warning to IndiaDara Khosrowshahi told ET in an interaction that Uber is open to collaborating with founder Travis Kalanick. This and more in today’s ETtec...- Of rides & rivals: Travis Kalanick on Uber’s capital strategy, competition with LyftTravis Kalanick said the Uber–Lyft rivalry became a battle for venture capital as much as riders. Uber used fundraising as a strategic weap...
- Lyft bets on global expansion, smaller cities focus to drive growthLyft said Freenow, its European operations, which it acquired earlier this year, is projected to add over six million riders to its platfor...
- Uber stock drops over 5% as Waymo’s partnership with Lyft fuels investor concernsUber stock faced a dip as Waymo partnered with Lyft for Nashville operations. Lyft's stock saw a surge post-announcement. Investors are con...
- Uber bets on loyalty program to drive growth, unveils $20 billion buyback planUber announced a $20 billion stock buyback and forecasted higher Q3 bookings, driven by a 60% jump in Uber One subscribers. These users gen...
- Uber unveils $20 billion stock buyback plan as loyalty program boosts growthUber unveiled a $20 billion stock buyback program and forecast its third-quarter bookings above Wall Street estimates on Wednesday, as the ...
- Uber reports strong Q1 despite revenue miss, forecasts resilient demand with robust gross bookings outlookUber Technologies (UBER) reported a slight miss in Q1 revenue, but its outlook for gross bookings in Q2 exceeded Wall Street expectations, ...
- Uber shares slide 8% as slowing bookings growth spooks investorsBookings growth, a key measure of ridership for online taxi operators, slowed to a more than one-year low in the third quarter and fell sho...
- Lyft's gains from price cuts not enough to dent Uber's US leadThe average price of a standard Lyft ride as of September-end was more than 4% cheaper than Uber's similar service, according to data analy...
- Lyft rattles Wall Street as margins suffer in race with UberAt least 16 analysts slashed their price targets on a stock that has widely underperformed the market this year.
- Lyft’s new CEO David Risher tackles a job requiring some heavy liftingJust days after taking over as CEO, David Risher came up with a restructuring plan that includes laying off nearly 1,100 employees.
- 'Reopening' stocks give S&P 500, Dow strong footing, tech names lagThe Dow Jones Industrial Average rose 0.7 per cent to close at 34,113.23 points, while the S&P 500 gained 0.27 per cent to 4,192.66. The Na...
- Google parent’s investing arm battles suspicion in profit questThe company struggles to make big acquisitions in its main areas of business, partly due to concern over antitrust regulation.
- Lyft snaps up a tag of $24.3 bn as IPO goes the distanceThe first ride-hailing IPO raised more than it had set off to do as investors overlooked uncertainty.
- Lyft founders trade their animal costumes for a stage at NasdaqIf Silicon Valley is the fusion of two separate ideological strands, Uber and Lyft positioned themselves on different ends of the spectrum.
- Uber is said to hold advanced talks to buy Mideast’s CareemCareem was valued at about $1 billion in a 2016 funding round, making it one of the most valuable technology startups in the Middle East.
- Infibeam's Sachin Dalal to head Rakuten in IndiaSachin Dalal, cofounder of BSE-listed ecommerce firm Infibeam, will spearhead Japanese ecommerce giant Rakuten’s thrust into Indian shores.
- Uber, Alipay enter into global partnership; targets growth in China, IndiaInterestingly, Alipay's parent company Alibaba Group Holding owns a stake in Uber rival Didi Kuadi. Didi Kuadi is also an investor in Uber'...
- Uber vs Ola: Who will end up dominating the streets?On March 23, taxi hailing company Uber dragged rival service Ola to the Delhi High Court on charges of ‘false bookings’.
- Uber to set up its 1st engineering centre in IndiaRide-hailing app Uber is setting up its first engineering centre in India in Bengaluru to customize solutions for the local market.
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