Lyft shares slide as lower pricing trends persist amid competition with Uber
Lyft shares slumped about 9% on Wednesday after the ride-hailing company warned that lower pricing trends from late last year are expected to continue in 2025, as it tries to match prices with larger rival Uber.
Lyft Posts Muted First-Quarter Bookings and Profit Outlook
Lyft Inc. issued a disappointing first-quarter gross bookings outlook, following a similarly muted forecast from rival Uber Technologies Inc. citing impact from the extreme winter weather and LA wildfires.
Lyft shares sink as tough competition takes a toll on bookings forecast
Lyft shares slumped 12.5% in premarket trading on Wednesday after the company forecast weak gross bookings for the first quarter, as it battles with larger rival Uber Technologies to attract more riders.
Lyft Issues Downbeat Bookings Outlook as Fourth-Quarter Revenue Misses Views
Lyft (LYFT) shares dropped early Wednesday as the ride-hailing company issued a downbeat first-quarter gross bookings outlook amid lower price trends in the US, while its revenue in the preceding three-month period missed market estimates.
Lyft Tumbles After Cold Weather Hurts First-Quarter Bookings
Shares of Lyft Inc. plunged after the company gave a disappointing outlook for first-quarter gross bookings, warning that cold weather has hurt demand for ride hails and bike rentals.
Lyft's first-quarter bookings forecast pressured by fierce competition with Uber
Lyft forecast current-quarter gross bookings below estimates on Tuesday, as its jostles for more riders with larger rival Uber Technologies , while wildfires and extreme weather events disrupted its business in some key markets.
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Lyft to make self-driving robotaxis available in Dallas as soon as 2026
Lyft plans to add Mobileye-powered self-driving robotaxis to its ride hailing app starting in Dallas as early as next year.
Lyft says rides have gotten cheaper. Here’s why investors are selling.
Ride-hailing platform Lyft Inc. on Tuesday rolled out a new buyback program, but its forecast for a key demand metric came in ...
Lyft Q4 Earnings Preview: Streak Of Revenue, EPS Beats On The Line After Rival Uber's Strong Fourth Quarter
Lyft reports fourth-quarter financial results after market close Tuesday. The report comes after Uber's recent results.
Why Uber and Lyft will no longer be part of this popular NJ Transit program
Rider's Choice, a program that allowed Uber and Lyft to provide some NJ Transit Access Link riders, will be transitioning to ...
Biden’s FTC launched last-minute Uber, Lyft probe over alleged collusion in stiffing NYC drivers
The FTC inquiry was launched on the same day that Lina Khan announced she was stepping down as chair of the agency.
Lyft Tumbles on Disappointing Outlook; JPM Lowers Price Target
Shares in Lyft are tumbling in premarket trading Wednesday after the ride-hailing company projected first-quarter bookings that lagged estimates amid an ongoing price war with rival Uber Technologies.
Lyft: Mobileye Partnership Could Shift The Competitive Landscape
Lyft's Q4 earnings were solid, with the company generating strong growth. The guidance was fairly soft, though. Read why I ...
Lyft price target lowered to $19 from $20 at Barclays
Barclays analyst Ross Sandler lowered the firm’s price target on Lyft (LYFT) to $19 from $20 and keeps an Equal Weight rating on the shares ...
NYC proposes pay hike for Uber and Lyft drivers that would curb lockouts
TLC Commissioner David Do on Wednesday called the rideshare companies’ practice of freezing drivers out of the app “harmful, ...
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Lyft to Launch Autonomous Vehicles in Dallas by 2026
Lyft plans to revolutionize urban transportation by introducing fully autonomous robotaxis to its platform in Dallas as early ...