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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)

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.

7 April 2019 1:15 PM IST

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)

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.

3 April 2019 12:58 PM IST

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 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.

3 April 2019 12:48 PM IST

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 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.

2 April 2019 1:08 PM IST

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)

Lyft files lawsuit to block San Francisco from allowing other bike...

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

10 Jun 2019 10:15 AM IST

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

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

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

9 Aug 2019 9:27 AM IST

Uber and Ola are reported to have lost as much as 80% of rides but the company has not offered any financial assistance to tide over the crisis. (Photo | Wikimedia Commons - Alexander Torrenegra)

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 March 2020 5:56 PM IST

Uber on Wednesday said it would lay off 3,700 full-time employees, or roughly 17 percent of its head count. (AFP Photo)

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...

8 May 2020 11:25 AM IST

Shortly before the appeals court decision, Lyft said it would suspend its rideshare service in California rather than classify drivers as employees entitled to benefits. This change would... necessitate an overhaul of the entire business modelits not a switch that can be flipped overnight, Lyft said in a blog post. (Photos | AP/AFP)

Uber, Lyft hold off suspending services in California after court stay...

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

21 Aug 2020 6:23 PM IST

It aims to become a serious competitor in autonomous driving while its biggest rival, Uber, retrenches.

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 IST

$The move comes just one week after Google spun off its self-driving unit into its own company named \Waymo\$ Technology

Waymo, Lyft to develop autonomous vehicles

Waymo and Lyft are joining forces against ridesharing giant Uber, which is racing to develop its own self-driving...

15 May 2017 4:30 PM IST

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 accelerates efforts to develop self-driving cars

The move marks a striking strategy change for Lyft, which said previously it would leave the building of self-driving...

22 July 2017 8:24 AM IST