Driving Towards Change
The Minneapolis City Council's proposal to raise minimum wages for rideshare drivers has ignited a storm of debate. Lyft, a key player in the sector, is threatening to exit the city if the bill becomes law, citing potential pr...
Lyft unveils restructuring strategy
Lyft, the ride-hailing service, has been struggling with mounting losses and a sagging stock price, prompting its co-founder Logan Green to step down as CEO. In his place, David ...
US stock market
US stock indices fell for the third consecutive week in early trading on Friday. Since the start of the week, the Dow Jones has lost 1.1%, the S&P 500 2% and the Nasdaq Composite 2.7%.
However, at the end of trading, the Dow Jon...
Lyft about earnings
Lyft shares fell in after-hours trading on the stock exchange after its financial report. Although Q4 earnings per share and revenue were above analysts' forecasts and 2021 was the year Lyft recovered from the pandemic,...
Total protection
Ride-sharing companies Uber Technologies Inc. and Lyft Inc. are fighting an increase in violent crime and are introducing new security measures and policies to try to better protect drivers.
According to the Federal Bureau of Inves...
Reasons for the stock rise
Lyft's shares rose sharply on Tuesday after a 73 percent quarterly revenue increase. Lyft welcomed investors with news of the return of a director to the company's business and drivers. This allowed for continued growth du...
Uber shares after forecast
Uber (UBER) said it could make up to $25m in profit in the third quarter on the back of improvements in both its taxi and delivery services. Uber shares posted their strongest one-day gain since early 2021.
Uber (UBER) sh...
Uber's business
Uber shares fell after the report, repeating the trajectory of its smaller rival Lyft. Despite the good quarterly results, investors saw warning signs for the profitability of Uber's business.
Uber Technologies (UBER) posted higher ...
Revenue growth
Lyft continues to recover from the pandemic, posting quarterly revenue growth of 125% and pre-tax profits. Despite a new increase in illness and concerns about the Delta strain "July was Lyft's best month since March 2020".
Shares in...
Demand for taxis
Lyft has increased revenues compared with the previous quarter and expects a further recovery in demand for its taxi service. Lyft provided an outlook for the coming quarter and reiterated its promise to become p...
Selling the division
Lyft is repeating a move by Uber and is also selling its Level 5 unmanned driving technology division in order to cut costs and achieve profitability. To do so, Lyft has signed an agreement with Woven Planet, a subsidiary of Toy...
Entering the market
Transport company Gett, which wants to become one of the world's leading providers of "mobility solutions", is currently exploring a merger with a company with no particular purpose other than to help other companies with an IPO ...
Lyft earnings and forecasts
Lyft shares rose sharply after posting better-than-expected fourth-quarter results, although the number of active users of the taxi service is still down&nb...
Libra from Facebook
Libra cryptocurrency may be approved by the Swiss Financial Market Authority in January. The project of the cryptocurrency has been simplified and will consist of several "stealth coins" secured...
Lyft's expectations by the end of 2021
Lyft (LYFT) shares, which had fallen 16.2 per cent since the beginning of the year but jumped 37.4 per cent over the last week, rose 5.8 per cent after closing trading on Tuesday amid investors' reaction to the...
Investing in autonomous driving
Investors hear the words "autonomous driving" from many well-known car manufacturers, from Tesla to BMW, but there is a big difference and millions of kilometres of real road trials.
However, companies such as: Waymo...
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