Lyft falls as pricing strategy casts shadow over profit goalsLyft and its more dominant rival, Uber, have been locked in a fierce price war as they stage a post-pandemic recovery.
09 Aug, 2023, 03.31 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
Uber sets sights on profits in 2023 as pandemic pain easesChief Executive Officer Dara Khosrowshahi said the company was now focused on achieving profitability on a GAAP basis this year.
08 Feb, 2023, 05.40 PM IST
Uber CEO says won’t cut jobs despite mounting tech layoffsUber Technologies Inc. isn’t considering cutting jobs even as competitors from DoorDash Inc. to Lyft Inc. slash staff to deal with an uncer...
02 Dec, 2022, 06.39 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
Uber is said to pick New York Stock Exchange for 2019 mega IPOThe ride-hailing giant is expected to publicly file for its offering in April, kicking off a listing that could value the company at as muc...
22 Mar, 2019, 10.32 AM IST
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.
01 Mar, 2019, 09.08 AM IST
Lyft filing could kick off cavalcade of high-profile tech IPOsJust as Lyft beat Uber Technologies Inc. to the idea that regular people could use their cars to charge for rides, it now looks set to beat...
25 Feb, 2019, 02.10 PM IST
Uber confidentially files for IPO: SourcesThe ride-hailing company filed the confidential paperwork on Thursday.
08 Dec, 2018, 09.55 AM IST
SoftBank could ditch Uber for Lyft, says Son"Depending on the price and conditions, it is wholly possible we could shift our investment to the other main company Lyft," Son said at a ...
07 Nov, 2017, 09.03 AM IST
Uber's competitive obsession led to an unravellingUber's employees went slogging to recruit drivers; when it weighed which laws to bypass, it looked to which ones competitors were breaking.
14 Oct, 2017, 01.10 PM IST
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.
08 Aug, 2017, 09.21 AM IST
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.
22 Aug, 2016, 02.22 AM IST
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...
20 Aug, 2016, 02.44 PM IST
Ola's global partner Lyft to expand outside USThe company which has global allaince with China's Didi Chuxing, has been using aggressive marketing campaigns to become popular in the US
12 Jul, 2016, 10.34 AM IST
Uber rival Lyft now brings General Motors' $500 million to battleGM will invest $500 mn in Lyft, giving the ride-hailing startup a valuation of $5.5 bn and a major ally in the global battle against Uber.
05 Jan, 2016, 10.40 AM IST
How Uber is running up the scandal metreThe company, valued at $18.2 billion, has been mired in one controversy after another and is turning into a punching bag.
20 Nov, 2014, 12.09 PM IST