Monday, Jun 24, 2024 | Last Update : 04:11 PM IST


Uber, Lyft hold off suspending services in California after court stay on adding drivers to rolls

A judge had originally given Uber and Lyft until Friday to comply with a labour law on the matter, which went into effect this year.

21 Aug 2020 6:23 PM

Uber reports massive losses, to lay off 3,700 employees

Uber recorded $3.54 billion in total revenue for the first three months of the year, but still posted a $2.9 billion loss in the period

08 May 2020 11:25 AM

Uber, Lyft suspend shared rides in US, Canada, but not yet in India

Pooled rides show up on the Uber and Ola apps in India even now

18 Mar 2020 5:56 PM

Uber loses USD 5 billion, misses Wall Street targets despite easing price war

The company’s core business, ride-hailing, grew revenue only 2 per cent to USD 2.3 billion.

09 Aug 2019 9:27 AM

Lyft files lawsuit to block San Francisco from allowing other bike sharing companies

The lawsuit is asking for a temporary restraining order against the city and county of San Francisco.

10 Jun 2019 10:15 AM


Uber unveils IPO terms that are well below expectations

The lower valuation reflects the poor stock performance of smaller rival Lyft Inc following its IPO last month.

28 Apr 2019 1:05 PM

Pinterest valued at USD 12.7 billion in IPO, sign of tech demand after Lyft struggles

A key difference between Pinterest and Lyft however were their valuation expectations.

18 Apr 2019 4:18 PM

Braking issues: Lyft pulls electric bikes in three US cities

The company already operates about 17,000 traditional bikes in those cities.

15 Apr 2019 8:29 AM

Uber reveals strong growth, huge losses ahead of IPO

Uber racked up nearly USD 8 billion in losses over its 10 years in existence.

14 Apr 2019 2:58 PM

Lyft's stock slide casts long shadow on Uber's IPO

Lyft’s poor stock performance bodes ill for these IPOs, especially for companies like Uber with no profits to show.

12 Apr 2019 1:31 PM


Uber steers toward blockbuster IPO as road looks rocky

Uber released financial data earlier this year showing it lost USD 865 million in the fourth quarter of 2018.

11 Apr 2019 10:13 AM

Lyft's shares rise after Citron advises against shorting stock

The number of active Lyft riders has surged fivefold to 18.6 million in the fourth quarter of 2018.

07 Apr 2019 1:15 PM

Why some green investors are passing on Uber and Lyft

Both companies hope to push people away from car ownership and promote shared and sustainable transportation services.

03 Apr 2019 12:58 PM

Lyft falls further from IPO after receiving first 'sell' rating

Shares of the money-losing San Francisco company fell as much as 4.2 percent to USD 66.10.

03 Apr 2019 12:48 PM

Lyft gives up debut gains in second day of trading

Analysts blamed the 12 percent slump on lingering questions about how loss-making Lyft will become profitable.

02 Apr 2019 1:08 PM


Lyft shares soar on Nasdaq debut, setting stage for Uber

Lyft’s IPO, which is the year’s biggest thus far, sets the stage for other Silicon Valley unicorns seeking to debut in the stock market.

31 Mar 2019 1:00 PM

Lyft valued at USD 24.3 billion in first ride-hailing IPO

Lyft started its IPO investor road show earlier this month with a target range of USD 62-USD 68 per share.

29 Mar 2019 10:09 AM

Lyft hikes IPO target to USD 70-USD 72 a share as excitement rises

With the revision disclosed Wednesday, Lyft is now seeking USD 70 to USD 72 per share, up from its previous goal of USD 62 to USD 68.

28 Mar 2019 11:26 AM

Lyft to launch road show for up to USD 2 billion IPO

Lyft will meet with investors across the United States before pricing the IPO and listing on the Nasdaq at the end of the month.

18 Mar 2019 10:44 AM

Lyft surpasses 5,000 self-driving rides with Aptiv fleet

Lyft launched its self-driving service in January in Las Vegas, where passengers can take a ride in an autonomous BMW.

21 Aug 2018 7:43 PM