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LYFT PRICE CUTS
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...07 Aug, 2024, 08.06 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
- 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...10 Aug, 2023, 06.26 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 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...24 Jul, 2023, 08.36 PM IST
- 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...17 May, 2023, 08.34 AM IST
- 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.06 May, 2023, 08.26 AM IST
- 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.02 May, 2023, 05.36 PM IST
- 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...29 Apr, 2023, 02.17 PM IST
- 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...28 Apr, 2023, 08.05 AM IST
- 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...29 Mar, 2023, 12.54 AM IST
- 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...28 Mar, 2023, 11.20 AM IST
- 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.11 Feb, 2023, 02.32 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
- For Uber and Lyft, the rideshare bubble burstsUber and Lyft are correct that they offer a useful service, including food delivery to the homebound, an alternative to drunken driving and...18 Oct, 2021, 11.43 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
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