GigU launched in the US on Wednesday. The controversial app aims to help Uber, Lyft, and DoorDash drivers decide which jobs ...

Lyft stock rises on $1.45B revenue, $750M buyback plan. Needham reiterates hold, Goldman Sachs upgrades to buy with PT of $20 ...

Gary Black says Tesla may not make money with its robotaxi service for several years as it creates a network of riders and ...

Lyft generated net income of $2.57 million, or $0.01 per share, which easily beat $0.02 per share loss estimates. Active ...

Lyft increased its stock buyback program to $750 million and beat first-quarter profit estimates on Thursday, signaling ...

Uber's strong momentum suggests a 'buy-on-weakness' approach. Read more on UBER stock's mixed Q1 results, AV progress, and ...

Uber burned $445 million in cash from operations in 2021. Since then, the firm has impressively transitioned to profitability, generating $642 million, $3.6 billion, and $7.1 billion in cash from ...

Lyft’s results stand in contrast to Uber’s earnings report on Wednesday. Uber posted slower-than-expected gross bookings growth of 14% in the first quarter, citing a decline in US inbound travel. That ...

For example, Uber's largest US competitor, Lyft, receives a ~35% take rate on ... In a world where AV competition is fierce, outsourcing these support capabilities will be essential so ensure ...

Lyft is a North American-based marketplace network that connects drivers (supply-side) to riders (demand-side) and individual customers to two-wheel modes of transportation. The firm makes money by ...

Uber and Lyft have been sharpening their focus on smaller, car-dependent cities with limited public transit, marking a new phase of intense competition. While Uber emphasized on the expansion ...