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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...- 'Western tech dominance fading' at Lisbon's Web SummitLisbon’s Web Summit gathers over 70,000 attendees to discuss AI, robotics, and startups amid global tech tensions. Speakers highlighted shi...
- 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...
- Newsom signs bill giving 800,000 Uber and Lyft drivers in California the right to unioniseSupporters said the new law will open a path for the largest expansion of private sector collective bargaining rights in the state's histor...
- Emergency fundraisers offer a lifeline to groups who've lost foreign aidNonprofits are fundraising to help organizations affected by the Trump administration's freeze on foreign aid. Unlock Aid launched the Fore...
- Lyft's soft forecast fans worries of losing ground to Uber, shares tankShares of Lyft fell 16% due to a disappointing summer forecast, sparking concerns it is losing market share to Uber. Despite reporting bett...
- Uber shares tumble 9% on surprise net loss, weak second-quarter forecastThe report suggests that Uber's growth could be slowing after a strong 2023 in which it dominated the U.S. ride-share market and delivery b...
- Lyft guarantees weekly earnings to lure more driversThe ride-hailing market has largely been a duopoly between Lyft and Uber in the United States, with the former that owns a roughly 30% mark...
- 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...
- CEOs from Alphabet, Walmart, Pfizer meet White House officials on refugeesChief executives from a wide array of US companies will meet White House Chief of Staff Jeff Zients on Thursday to discuss refugee resettle...
- Lyft to display ads in app in effort to boost revenueThe move will help Lyft, whose business is completely dependent on ride-hailing. Its larger rival Uber Technologies has a more mature adver...
- Lyft is considering strategic options for bike, scooter unitThe company said it has received strong inbound interest in its bike-and scooter-sharing unit and that “it’s only logical for Lyft to liste...
- Uber to lay off 200 employees in recruitment divisionThe reductions affect less than 1% of Uber's 32,700-strong global workforce and follow the ride-share company laying off 150 employees in i...
- Lyft says CFO Elaine Paul to step down, appoints replacementLyft Inc said on Tuesday Erin Brewer will replace chief financial officer Elaine Paul, who is leaving the ride hailing company months after...
- 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.
- Lyft employees told to return to office as new CEO lays out visionOn Friday, David Risher, the company's new CEO, told employees in an all-hands meeting that they would be required to come back into the of...
- Lyft to lay off more than 1,000 employees in cost-cut pushRisher, who took over earlier this month, had recently said the company will "significantly" cut jobs, without providing the number of jobs...
- We started with a crazy idea, met with disbelief & doubt: Lyft's cofounder John Zimmer says after stepping downUS ride-hailing platform Lyft on Monday announced that cofounders Logan Green and John Zimmer would step down as CEO and president. Green a...
- Lyft picks new CEO as founders tap out amid fierce competitionThe change of guard at Lyft comes after a weak quarterly forecast worsened concerns that profits would get squeezed by price cuts undertake...
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