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UBER TECHNOLOGIES AND LYFT
Lyft, Baidu to start testing robotaxis in LondonChinese tech giant Baidu is set to test its self-driving cars in London soon. Partnering with Lyft, the company aims for commercial operati...- Massachusetts Uber, Lyft drivers certify first statewide ride-hailing union amid automation fearsThe victory could provide a model for similar campaigns gaining traction in states including California and Illinois, where labor organizer...
- Lyft to buy Gett’s UK taxi business, marking its third international acquisitionLyft is expanding its global reach by acquiring the UK business of London black cab app Gett. This move significantly boosts Lyft's driver ...
- 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...
- Why Uber stock is climbing as robotaxis testing will hit London streets next year after partnership with BaiduUber stock: Uber is set to test Baidu's Apollo Go robotaxis in London starting in the first half of next year, a move that positions the ri...
- 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...
- Lyft shares skid on fears Uber pulling aheadLyft shares hit their worst day on record after closing 36.4% lower, with 13 analysts lowering their price targets on the stock.
- Lyft to lay off 683 employees in cost-cutting pushLyft's latest move is expected to result in a charge of between $27 million and $32 million in the fourth quarter. It follows 60 job cuts e...
- California sues Uber, Lyft over misclassifying drivers as contractorsUber in a statement said it will contest the action in court, while pushing for the implementation of its own proposal for additional drive...
- Lyft buys digital car-top advertising startup Halo CarsHalo Cars was founded in 2018 and has operations in U.S. markets such as New York and Chicago.
- 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.
- Lyft's stock pain an ominous sign for Uber IPOLyft shares ended on Wednesday down 11 percent at $60.12, well below their $72 IPO price.
- 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...
- Lyft IPO oversubscribed on Day 2 of road show: SourcesThis indicates that many investors are willing to overlook uncertainty over Lyft's path to profitability.
- Larry Page vs Masayoshi Son: The ride hailing race is now a battle between billionairesAlphabet Inc., led by Larry Page, just backed Lyft Inc., while SoftBank Group Corp. chief Masayoshi Son is set to take a big stake in large...
- Lyft raises $1 billion from big new ally in battle with UberThe funding marks a major shift in Alphabet's allegiances away from Uber, and suggests a tighter pairing of its Waymo autonomous vehicle te...
- SoftBank looks for an Uber, Lyft in the cab-hailing spaceMasayoshi Son said that he would be willing to invest in Uber Technologies or rival Lyft.
- Lyft releases first diversity report, showing edge over UberLyft said 18 percent of its tech workers are women, compared with just more than 15 percent at Uber.
- Uber won’t pay more than $2 billion for ride-hailing rival LyftLyft has been working with Qatalyst Partners to solicit interest from potential acquirers, people familiar with the matter said.
- Uber won't pay above $2 billion for LyftCompetition between Uber and Lyft has made rides more affordable for Americans. Lyft has managed to claw market share away from Uber in maj...
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