lyft

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Lyft Sees Highest Revenue in History in Fiscal Q4 2022 but Shares Plunge on Weak Revenue Guidance

By Ibukun Ogundare Feb 10, 2023

Lyft expects to realize about $975 million in revenue in fiscal Q1 2023.

Business News, News, Technology News, Transportation News

Uber and Motional Floats Autonomous Driving Taxis in Las Vegas

By Godfrey Benjamin Dec 7, 2022

The partnership between Uber and Motional will not be the first time the latter startup has inked a similar partnership with other ride-hailing giants such as Lyft and Via Networks.

Business News, Market News, News, Stocks, Wall Street

LYFT Shares Up 7.5% after Posting Better-than-Expected Q2 2022 Earnings

By Godfrey Benjamin Aug 5, 2022

With the current outlook of the global industry, Lyft is giving a conservative projection for its future earnings as it is anticipating the full year of 2022 revenue growth that will be slower than the 36% achieved in 2021.

Blockchain News, Business News, Cryptocurrency News, IPO News, News

OpenSea Faces Criticism Over Its Public Listing Plans, Former Lyft Executive Joins as CFO

By Bhushan Akolkar Dec 7, 2021

The newly appointed OpenSea CFO Brian Roberts puts some light on the company’s IPO plan. However, the OpenSea community feels dejected and abandoned as an IPO plan will most likely mean that there shall be no token airdrop.

Business News, Deals News, News, Technology News, Transportation News

Uber Partners with Hertz to Make 50,000 Tesla Rentals Available to Its US Ride-Hail Drivers

By Tolu Ajiboye Oct 27, 2021

Uber is collaborating with Hertz to supply Tesla electric vehicles to drivers ahead of an entire electric ride-hail fleet by 2023.

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LYFT Stock Up 0.36% After Hours, Lyft Beats Expectations in Q2 2021 Earnings Results

By Steve Muchoki Aug 4, 2021

Lyft reported revenue of $765 million against $696.9 million estimated by analysts according to Refinitiv.

Business News, Market News, News, Technology News

Toyota’s Subsidiary Woven Planet to Acquire Lyft’s Self-driving Car Unit for $550M

By Godfrey Benjamin Apr 27, 2021

The Toyota’s Woven Planet acquisition of Lyft’s Level is billed to save the latter firm $100 million of operating expense.

Business News, Market News, News, Stocks, Wall Street

Lyft Stock Closes Up 8% as Ride-sharing Companies Recover Despite Declines in Tech Stocks

By Ibukun Ogundare Mar 4, 2021

Lyft said that the company expects its recovery to continue into March, following its best week in terms of volume in late February.

Business News, Indices, Market News, News, Stocks

US Stock Market Records Massive Pull Back Following Stunning Start of Week

By Godfrey Benjamin Mar 3, 2021

The US stock market is perhaps responding to a 1.41% drop in the 10-Year Treasury rate, a major focus point for equity investors.

Business News, Deals News, Market News, News, Stocks

Lyft Stock Rises 5% in Pre-Market as Firm Releases Q3 Earnings

By Godfrey Benjamin Nov 11, 2020

Lyft’s active riders number grew from 8.7 million in Q2 to 12.5 million in Q3 while the revenue per active rider came in at $39.94.

Business News, Editor's Choice, IPO News, News

Chinese Ride-Hailing Giant Didi May Go for IPO in Hong Kong in 2021

By Godfrey Benjamin Oct 20, 2020

However, Didi has not officially confirmed the IPO plans and a planned schedule has not been drafted.

Business News, Editor's Choice, Market News, News, Stocks

Lyft Reports 61% Decline in Q2 Revenues, Lyft Stock Slightly Down in Pre-Market

By Darya Rudz Aug 13, 2020

Following the Q2 2020 earnings report, Lyft stock fell. On August 12, it closed 0.42% down, at $30.52 per share. In the pre-market trade today, it slightly declined.