lyft

  1. Hanno Labuschagne

    Uber share price jumps after results beat analyst estimates

    Uber share price jumps after results beat analyst estimates Uber Technologies Inc. shares surged after the company reported earnings that beat analysts’ estimates, showing that consumers continue to spend more on rides and food takeout despite an uncertain economic outlook. Adjusted earnings...
  3. Hanno Labuschagne

    Big win for Uber and on-demand delivery services in the US

    Big win for Uber and on-demand delivery services in the US Uber Technologies Inc., Lyft Inc. and other gig economy companies scored a victory after a California appeals court upheld the current law classifying gig workers as independent contractors instead of employees. The decision on Monday...
  4. Jan

    Uber rolls out robotaxis even as self-driving car hype wanes

    Uber launches robotaxis Uber Technologies Inc. is launching its first robotaxi service, reaffirming the company’s commitment for a self-driving taxi fleet even as the hype around autonomous vehicles fades. The San Francisco-based company is partnering with Motional, which is an autonomous...
    • Jan
    • Thread
    • apple aptiv hyundai ioniq lyft motional noah zych robotaxis uber uber eats
    • Replies: 4
    • Forum: Broadband and IT News
  5. J

    Uber and Lyft admit they are making congestion worse in cities

    Uber and Lyft admit they are making congestion worse in cities Uber and Lyft commissioned transportation consultancy Fehr & Peers to study the effects the platforms had on congestion in major cities. The study examined the combined vehicle miles travelled (VMT) for both companies in six cities...
  6. J

    Uber and Lyft are winning over business travellers

    Uber and Lyft are winning over business travellers The transfer of funds from firms to ride-hailing companies continues to grow as the apps gain traction among North American business travellers. Uber Technologies, Inc was the most frequently expensed vendor last quarter, according to a report...
  7. J

    Lyft stock drop is bad news for tech startups

    Lyft stock drop is bad news for tech startups Lyft Inc. closed its second day of trading 4.2 percent below its $72 public offering price, an ominous sign for the stampede of unicorn companies planning to follow the ride-hailing business to the stock markets this year. The IPO has become a test...
  8. J

    Lyft's IPO is a good sign for tech startups

    Lyft's IPO is a good sign for tech startups Tech unicorns got a bounce in their step with Lyft Inc.’s initial public offering valuing it at $22.4 billion after its first day of trading. Ride-hailing’s No. 2 provider in the U.S. first raised its target range and then expanded its offering to...
  9. J

    Lyft touts growth to IPO investors as losses near $1 billion

    Lyft touts growth to IPO investors as losses near $1 billion Potential investors in Lyft Inc.’s initial public offering got their first look at the company’s financials Friday, revealing a startup that’s hustling to outrun its growing losses. Lyft’s revenue is exploding, but so is its net...
  10. J

    Lyft plans to file for IPO next week

    Lyft plans to file for IPO next week Lyft Inc. could file as soon as next week for an initial public offering and plans to target a valuation of $20 billion to $25 billion, a person familiar with the matter said. The ride-hailing industry’s No. 2 plans to begin marketing shares in a roadshow...
  11. J

    Uber and Lyft race towards IPOs in 2019

    Uber and Lyft race towards IPOs in 2019 Uber Technologies Inc. and Lyft Inc. are solidifying plans for initial public offerings next year, when a wide pool of investors will decide what the money-losing ride-hailing businesses are actually worth. Wall Street’s top banks, vying for a coveted...
  12. J

    Lyft hires adviser to prepare for 2019 IPO - Report

    Lyft hires adviser to prepare for 2019 IPO - Report Lyft Inc., the second-biggest U.S. ride-hailing company, has started the process for an initial public offering in an effort to beat Uber Technologies Inc. to the public markets, people familiar with the matter said. Lyft has hired IPO...
  13. J

    Lyft is gaining ground on Uber in the United States

    Lyft is gaining ground on Uber in the United States Lyft Inc. has gained significant ground on its rival, Uber Technologies Inc., and is expected to grab more market share in the U.S.
  14. Kevin Lancaster

    Lyft lets riders donate part of their fare to charity

    Lyft lets riders donate part of their fare to charity Uber competitor Lyft has announced its new Round-Up programme, which allows riders to donate a portion of their fare to charity.
  15. Kevin Lancaster

    Uber competitor Lyft eyeing $500 million cash injection

    Uber competitor Lyft eyeing $500 million cash injection Lyft is attempting to get investors interested in a new funding round to raise at least $500 million, reported Reuters.
  16. Kevin Lancaster

    Lyft donates $1 million to ACLU

    Lyft donates $1 million to ACLU Lyft co-founders Logan Green and John Zimmer are donating $1,000,000 over the next four years to the American Civil Liberties Union (ACLU) to “defend our constitution”.
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