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The Latest Breaking News from Lyft Inc

Uber, Lyft Drivers Gain Historic Right To Unionize In California As Newsom Signs Bill Impacting 800,000 Gig Workers

Governor Gavin Newsom (D-Calif.) on Friday signed a landmark bill granting Uber Technologies Inc. (NYSE:UBER) and Lyft Inc. (NASDAQ:LYFT) drivers the legal right to unionize, marking a major victory for gig workers.

Benzinga

When Bill Gates Questioned Lyft CEO Risher's Move To Jeff Bezos' 'Tiny, Little Internet Bookstore'—'Stupidest Decision' Ever

David Risher, the current CEO of Lyft Inc. (NASDAQ:LYFT), recently shared a bold career move he made in 1996 that earned him a scathing rebuke from Microsoft Corp. (NASDAQ:MSFT) co-founder Bill Gates.

Benzinga

As Lyft Overhauls Governance, Investor Optimism Over Simplified Structure Boosts Stock Momentum

Shares of LYFT Inc (NASDAQ:LYFT) are trading higher Friday afternoon after the company announced updates to its board of directors and corporate governance structure. Here’s what investors need to know.

Benzinga

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Lyft: Rideshare Markets With AV Are Growing 5X Faster

Shares of Lyft Inc (NASDAQ:LYFT) rose in early trading on Thursday, after the company reported upbeat second-quarter earnings on Wednesday.

Benzinga

Waymo's Expansion Spooks Uber — Is Lyft The Smarter AV Play?

When Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Waymo announced a robotaxi rollout in Dallas via Avis without Uber Technologies Inc (NYSE:UBER), investors got nervous, sending Uber shares into a mini tailspin. But while Uber scurried, LYFT Inc (NASDAQ:LYFT) quietly stuck to its playbook: smart partnerships, controlled risk, and expansion without drama.

Benzinga

Baidu, Lyft Partner To Bring Self-Driving Taxis To Europe, Starting In 2026

Baidu Inc. (NASDAQ:BIDU) and Lyft Inc. (NASDAQ:LYFT) announced a strategic partnership on Monday to roll out autonomous ride-hailing services across Europe.

Benzinga

Comparing 2024 Growth in Uber (UBER) vs. Lyft (LYFT)

The tech industry is witnessing steady growth amid the growing popularity of cloud-based software and the escalating popularity of ride-hailing services. In such a scenario, let’s evaluate the growth potentials of two key players in this space: Uber Technologies (UBER) and Lyft (LYFT). Read on….

StockNews.com

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Tech Service Stock Analysis: Buy, Hold, or Sell These 4 Picks?

The technology services industry is projected to surge significantly in 2024, facilitated by an increase in technological spending coupled with the introduction of cutting-edge technologies. To that end, let’s analyze the prospects of tech service stocks Lyft, Inc. (LYFT), Xerox Holdings Corporation (XRX), Thoughtworks Holding (TWKS), and Information Services Group…

StockNews.com

On-Demand Mobility 2024: Should Investors Buy, Hold, or Sell Uber (UBER) and Lyft (LYFT)?

The ride-sharing industry is anticipated to experience significant expansion in the coming years, driven by the widespread use of smartphones, the attractiveness of affordable and on-demand transportation, and the ongoing urbanization trends. Given this backdrop, we evaluate if ride-hailing giants Uber Technologies (UBER) and Lyft (LYFT) are smart additions to…

StockNews.com

Uber Technologies (UBER) vs. Zoom Video Communications (ZM) vs. Lyft (LYFT): Which Stock Is the Better Tech Buy?

Amid rapidly increasing digital transformation across industries and the adoption of new cutting-edge technologies, the technology sector is expected to experience robust growth and expansion. So, let’s determine if Uber Technologies (UBER), Zoom Video Communications (ZM), and Lyft (LYFT) could be ideal tech stock picks. Keep reading….

StockNews.com

Opera workers’ ruling offers path for Uber, Lyft drivers to unionize

A U.S. labor board ruling on Tuesday laid the groundwork for drivers from Uber Technologies Inc. and Lyft Inc. and other gig workers to formally unionize — a still difficult but potentially transformative task.

Tribune News Service

Lyft plans job cuts that may hit 30% of staff in overhaul

Ride-hailing company Lyft Inc. plans to cut at least 1,200 jobs in a fresh round of layoffs as the company struggles to reach profitability and compete with bigger rival Uber Technologies Inc.

Tribune News Service

Should You Kick Lyft Stock to the Curb in 2023?

Shares of ride-sharing company Lyft (LYFT) plummeted more than 75% over the past year. An unexpected fourth-quarter loss and disappointing revenue guidance for the first quarter of 2023 contributed to the weakened investor sentiment. Given its massive losses, weak guidance, fierce competition among industry peers, and low profitability, is it…

StockNews.com

Why Lyft's Quarter-To-Quarter 'Bumpiness' Could Hurt Stock: 7 Analysts Break Down Q3 Earnings

Ride share company Lyft Inc (NASDAQ: LYFT) reported third-quarter financial results after hours Monday.

Benzinga

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Benzinga

Watch Out Tesla And Waymo! Lyft Debuts Self-Driving Vehicle In Las Vegas

Ride-hailing service Lyft Inc. (NASDAQ: LYFT) has teamed up with Motional to bring self-driving taxis to cities around the nation, starting with Las Vegas.

StockNews.com

Stocks to Avoid: 3 Popular Companies That Recently Initiated Cost-Cutting Measures

Technology stocks have suffered a massive sell-off this year on investor concerns about the Federal Reserve's aggressive interest rate increases to fight record-high inflation, ongoing geopolitical crises, and a potential economic slowdown. Several hard-hit tech companies have initiated cost-cutting measures of late. Thus, it could be wise to now avoid…

Benzinga

Why Institutional Traders Expect This Rideshare Stock To Rebound By Next Week

Shares of LYFT Inc (NASDAQ: LYFT) crashed on Wednesday, even as the company reported better-than-expected first-quarter results. The stock tanked almost 30% on disappointing guidance.

Tribune News Service

Lyft plunge wipes off nearly a third of market valuation

Lyft Inc. lost nearly one-third of its market value on Wednesday after the ride-hailing company’s second-quarter outlook and plan to increase spending on driver incentives disappointed Wall Street, highlighting investors’ willingness to dump growth stocks at the first hint of trouble.

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Benzinga

Lyft Analysts React To Q2 Guidance Miss, Heavy Investments In Lagging Driver Recovery

LYFT Inc (NASDAQ: LYFT) shares plummeted 32% on Wednesday after the company issued second-quarter guidance that came up well short of market expectations.

Tribune News Service

Lyft rider growth disappoints as omicron saps demand

Lyft Inc. slumped 26% after it gave a forecast for the current quarter that missed analysts’ estimates as the company plans to ramp up spending on incentives for drivers to address a persistent shortage in supply.

Benzinga

Why Lyft Shares Are Falling After Hours

Lyft Inc (NASDAQ: LYFT) shares are trading lower in Tuesday's after-hours session after the company reported first-quarter financial results.

Benzinga

What's Going On With Lyft Shares Today?

LYFT Inc (NASDAQ: LYFT) shares are trading lower by 0.92% at $31.21. Traders and investors are watching for the company’s first-quarter earnings report, which is confirmed for Tuesday’s after-hours session.

Tribune News Service

Uber, Lyft scrap mask requirement for US riders, drivers

Uber Technologies Inc. and Lyft Inc. will no longer ask riders and drivers in the U.S. to wear masks, joining a growing number of major transport providers shifting their policies.

StockNews.com

4 Gig Economy Stocks Wall Street Predicts Will Rally 48% or More

The gig economy has grown substantially, accounting for one third of the American workforce in 2021. And rising inflation is driving an increase in gig work participation. With the global gig economy expected to continue growing, Wall Street expects the stocks of gig economy companies DoorDash (DASH), Lyft (LYFT), Upwork…

Benzinga

Lyft, Uber Face Flak For Initiating Surge After Dreadful Subway Attack; Look To Refund Riders

Lyft Inc (NASDAQ:LYFT) suspended its surge pricing citywide on April 12 after the horrific subway attack that injured at least 29 people, the New York Post reports. Larger rival Uber Technologies Inc (NYSE:UBER) restricted its suspension of demand-based rates to Brooklyn, where the shooting occurred. The shooting, around 8:30 a.m, had snapped train service…

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