Lyft
Lyft shares slide on weak sales, disappointing ride totals
The disappointing results of ride-hailing companies are offering a glimpse into discretionary consumer spending at a time when the economy is already flashing warning signs
Lyft posts muted first-quarter bookings and profit outlook
Lyft’s forecast follows a similarly moderated forecast from Uber, which reported results last week
Ride-hailing platform Lyft ties up with Anthropic for AI-powered customer care
LYFT said on Thursday (Feb 6) that it has tied up with Amazon and Alphabet-backed startup Anthropic to roll out artificial intelligence (AI) tools for the ride-hailing platform’s customer care operati...
Lyft wins dismissal of shareholder lawsuit over earnings report error
A US federal judge on Thursday dismissed a lawsuit accusing Lyft of defrauding shareholders by waiting too long to correct a mistake in an earnings release that caused the ride-sharing company’s stock...
Lyft projects strong fourth-quarter bookings on robust commuter demand, shares jump
LYFT on Wednesday (Nov 6) forecast current-quarter gross bookings above estimates after posting upbeat quarterly sales, indicating steady demand for its ride-hailing services from people returning to ...
Uber, Lyft shares jump after Tesla’s ‘toothless’ robotaxi reveal
The electric-vehicle manufacturer lacks evidence of progress towards automated-driving features, or quantify how many robotaxis it plans to make
Lyft to sell part of bike business, cut jobs in overhaul
LYFT plans to sell some of its bike and scooter business and eliminate 1 per cent of its employees as the ride-hailing company struggles to turn profitable.
Uber, Lyft reach deal with Massachusetts on driver benefits
The companies will also pay a combined US$175 million to the state to settle allegations they violated Massachusetts wage and hour laws
Lyft beats on bookings, adds new riders
LYFT reported first-quarter results and financial guidance that beat investors’ expectations, a sign of the company’s ability to retain and attract new riders in the US and Canada.
Uber, Lyft to pay US$328 million to settle New York wage theft claims
Uber and Lyft will pay a combined US$328 million to settle claims by New York’s attorney general that the ride-sharing companies systematically cheated drivers out of pay and benefits.
