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Uber driverless car heads out for a test drive in San Francisco.(File Photo: AP)

Uber, Lyft suspend driver for live-streaming rides

He captured interactions with passengers, including children, and those who appeared drunk.

23 July 2018 10:59 AM GMT

The deal also signals a shift for Lyft toward a wider set of transportation options in urban centers.

Lyft purchase Motivate, the biggest bike-sharing company in the US

Lyft declined to comment on the deal value, but according to media reports the company would pay around $250 million.

3 July 2018 3:10 AM GMT

The deal also signals a shift for Lyft toward a wider set of transportation options in urban centers.

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...

31 March 2019 7:30 AM GMT

Lyft previously announced partnerships with Alphabets self-driving division, Waymo, technology company Nutonomy, and automakers General Motors Co and Jaguar Land Rover. Lyfts new effort could put it in direct competition with some of those partners.

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 March 2019 4:39 AM GMT

Lyft and Uber have combined to popularize the trend of summoning a ride on a smartphone app that connects them to drivers who use their own cars to pick up passengers. (Photo: AP)

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...

28 March 2019 5:56 AM GMT

The deal also signals a shift for Lyft toward a wider set of transportation options in urban centers.

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...

18 March 2019 5:14 AM GMT

Ubers competitors and businesses in the gig economy will also be considering what this means for them. (Photo: AP)

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 April 2019 7:35 AM GMT

This was one of the most anticipated features from the company and according to Pinterest, this was their most-requested feature of all time.

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

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

18 April 2019 10:48 AM GMT

Lyft executives including Chief Policy Officer Anthony Foxx said that the company has taken other steps to combat congestion such as showing bus arrival times on its smartphone app and investing in bicycles and scooters. (Photo: AP)

Braking issues: Lyft pulls electric bikes in three US cities

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

15 April 2019 2:59 AM GMT

Uber Technologies Incs warring board members have agreed to investment by SoftBank Group Corp in the ride-services company. (Photo: AFP)

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 April 2019 9:28 AM GMT

Online work platforms took off after Ubers founding in 2009. (Photo: AP)

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 April 2019 8:01 AM GMT

Uber has been seeking new avenues of growth, including food delivery services, even as it battles intense competition in its core business of ride hailing.

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 April 2019 4:43 AM GMT