Lyft stock jumps 12% today as Lyft partners with Waymo to launch fully autonomous ride-hailing in Nashville in 2026Lyft Inc. (NASDAQ: LYFT) shares surged over 12% to $22.69 following the announcement of a new partnership with Alphabet's Waymo to introduc...
17 Sep, 2025, 09.05 PM IST
Uber forecasts upbeat second quarter on steady ride-hailing, delivery demandTotal revenue rose 14% to $11.53 billion in the first quarter, slightly below analysts' expectations of $11.62 billion, according to data c...
07 May, 2025, 04.31 PM IST
Uber forecasts gross bookings for second quarter below expectationsUber projects lower second-quarter gross bookings due to ride-share and food delivery challenges, exceeding core profit expectations. Lyft ...
08 May, 2024, 06.02 PM IST
Lyft beats third-quarter estimates, bookings underperform rival UberGross bookings, which is a metric Lyft started disclosing in the third quarter measuring total transaction value on its platform, grew 15% ...
09 Nov, 2023, 08.44 AM IST
Uber bets on holiday demand after dull third quarterUber is grappling with tough competition from Lyft, which has cut fares to gain customers as sticky inflation sparks worries about ride-sha...
07 Nov, 2023, 11.11 PM IST
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...
06 Nov, 2023, 05.23 PM IST
Uber shares fall as fears over Lyft's pricing eclipse first operating profitUber reported second-quarter revenue of $9.23 billion, missing analysts' estimates of $9.33 billion, according to Refinitiv IBES data, as a...
01 Aug, 2023, 10.27 PM IST
Lyft posts record quarter, sees operating profit of $1 billion in 2024"We had the majority of new drivers come in organically ... There is a tailwind as more and more people are enjoying this supplemental inco...
05 Aug, 2022, 08.29 AM IST
Lyft sees sustained profit starting in third quarter on cost cuts, demand reboundLyft said it expected a strong rebound in U.S. travel in the third quarter, when many homebound Americans who hunger for travel are likely ...
05 May, 2021, 12.09 PM IST
Uber puts the brakes on growth at any costUber is in a tricky position. Its potential ceiling is much higher than Lyft’s because Uber has spread its tentacles into many parts of the...
05 Nov, 2019, 11.43 AM IST
WeWork CEO points to Uber's losses as example of ‘growth issues’WeWork parent We Co. is expected to begin its roadshow as soon as next week.
06 Sep, 2019, 09.43 AM IST
The power of Google and Amazon looms over tech IPOsThe tech giants have the power to change their services at any time, generating havoc downstream. For years, Pinterest nabbed free traffic ...
01 Jul, 2019, 04.59 PM IST
Lyft shares hit record low, piling pressure on Uber ahead of IPOLyft lost $1.1 billion for the March quarter, the company said on Tuesday.
09 May, 2019, 10.16 AM IST
Uber is said to seek about $10 billion in year's biggest IPOUber submitted its IPO filing to the SEC confidentially on December 6, the same day that Lyft Inc. announced that it had made its confident...
10 Apr, 2019, 09.45 PM IST
How much cash are on-demand startups burning?Staying in Asia, the ride-hailing juggernaut Didi Chuxing lost 4 billion yuan or $585 million in the first half of last year.
02 Apr, 2019, 09.48 AM IST
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.
29 Mar, 2019, 11.37 AM IST
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.
05 Mar, 2019, 09.42 AM IST