Lyft, Inc. engages in the provision and management of an online social rideshare community platform. It provides access to a network of shared bikes and scooters for shorter rides and first-mile and last-mile legs of multimodal trips, information about nearby public transit routes, and Lyft Rentals to offer riders a view of transportation options when planning any trip. The company was founded by Marcus Cohn, John Zimmer, Rajat Suri, Matt van Horn, and Logan Green in 2007 and is headquartered in San Francisco, CA.
Shares of the ride-hailing Uber rival fell 36% after weak revenue guidance and a big L
Some would have you believe that General Motors is considering taking what would be its second run at buying up Lyft and the totally unverified news revs investors the right way.
Ride-sharing giant Lyft has got in lane behind rival Uber, copying its plans to cut budgets and slow down hiring.
Lyft cruises through Q1, but investors pull the parking brake hard after seeing what the road ahead looks like.
Lyft’s fourth quarter report misses the exit to a solid outlook and investors pull the brakes.
Lyft’s long-time CFO, who helped take the company public, is bailing to join the world of blockchain.
Lyft is back, baby! A return of drivers and a rebound in ride hailing saw the app’s shares bounce over 8% on Wednesday.
Despite releasing a solid earnings report that boasted 125% growth in revenue, soft guidance sends Lyft stock reversing over 10% on Wednesday.
Lyft is joining forces with industry leading automaker Ford and its self-driving software partner Argo AI to offer a self-driving ride-hailing service. Its stock popped 5.33% on the news.
It’s not a good week for Lyft, which releases knockout Q1 earnings on May 4 but still sees prices fall, possibly due to disappointing rider figures.
The U.S. Labour Secretary causes a stir by claiming that gig-workers should be classified as employees, continuing Lyft’s long battle with its drivers and sending prices down almost 10% to erase all its March and April gains.
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