The Business Times

Lyft

Transport & Logistics

Lyft shares slide on weak sales, disappointing ride totals

The San Francisco-based company has been making efforts to deepen user loyalty, and reported a record 24.7 million active riders in the fourth quarter.
Transport & Logistics

Lyft posts muted first-quarter bookings and profit outlook

Lyft is set to report its quarterly results after markets close on Tuesday.
Transport & Logistics

Ride-hailing platform Lyft ties up with Anthropic for AI-powered customer care

US District Judge Trina Thompson in San Francisco said shareholders in the proposed class action did not show why it was unreasonable for Lyft to need 42 minutes to fix its Feb 13, 2024 release, instead of doing it immediately.
International

Lyft wins dismissal of shareholder lawsuit over earnings report error

Lyft has implemented several initiatives this year to attract and retain more drivers, including guaranteed minimum earnings and higher pay for longer trips.
Transport & Logistics

Lyft projects strong fourth-quarter bookings on robust commuter demand, shares jump

Tesla has been under pressure to justify its high valuation and prove it can lead the industry in autonomous vehicle technology.
Transport & Logistics

Uber, Lyft shares jump after Tesla’s ‘toothless’ robotaxi reveal

Lyft had nearly 3,000 employees at the end of last year.
Transport & Logistics

Lyft to sell part of bike business, cut jobs in overhaul

FILE PHOTO: A sign marks a rendezvous location for Lyft and Uber users at San Diego State University in San Diego, California, U.S., May 13, 2020. REUTERS/Mike Blake/File Photo
Transport & Logistics

Uber, Lyft reach deal with Massachusetts on driver benefits

Lyft has struggled to win market share from its much-larger rideshare rival, Uber Technologies.
Transport & Logistics

Lyft beats on bookings, adds new riders

Uber branding is seen on private hire vehicle at Chopin Airport in Warsaw, Poland, March 22, 2023. REUTERS/Toby Melville
Companies & Markets

Uber, Lyft to pay US$328 million to settle New York wage theft claims

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