Sit Out a Bearish September? One Indicator Says “Not This Time”
- September is usually a bad month, but maybe not this year
- 09/03/2025
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Lyft Announces Pricing of Offering of $450 million of Convertible Senior Notes
- SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (“Lyft”) (NASDAQ: LYFT) today announced the pricing of $450 million aggregate principal amount of Convertible Senior Notes due 2030 (the “notes”) in a private offering (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Lyft also granted the initial purchasers of the notes an option to purchase, for settlement within a 13-day.
- 09/03/2025
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Here's Why Lyft (LYFT) is a Strong Value Stock
- Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 09/02/2025
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Lyft Announces Private Offering of $450 million of Convertible Senior Notes
- SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (“Lyft”) (NASDAQ: LYFT) today announced its intention to offer, subject to market conditions and other factors, $450 million aggregate principal amount of Convertible Senior Notes due 2030 (the “notes”) in a private offering (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Lyft also expects to grant the initial purchasers.
- 09/02/2025
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LYFT vs. SHOP: Which Stock Is the Better Value Option?
- Investors interested in stocks from the Internet - Services sector have probably already heard of Lyft (LYFT) and Shopify (SHOP). But which of these two stocks presents investors with the better value opportunity right now?
- 09/01/2025
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UBER vs. LYFT: Which Ride-Hailing Stock Has an Edge Now?
- Lyft's focused strategy, stronger stock performance, and more attractive valuation put it ahead of Uber for now.
- 08/26/2025
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Should Investors Buy Lyft Stock?
- Lyft (LYFT 0.41%) offers riders the convenience of transportation without the hassle of car ownership.
- 08/26/2025
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Lyft's Bet on Autonomous Vehicles: Can It Pay Off?
- Lyft (LYFT 7.59%) has spent most of its public life in the shadow of Uber Technologies, fighting to prove that a smaller, more focused ride-hailing player can still win. Over the past year, the company has impressed Wall Street by stabilizing its business, improving cash flow, and showing it can operate profitably.
- 08/22/2025
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I think Lyft's stock is headed higher, says Worth Charting's Carter Worth
- CNBC's "Fast Money" team is joined by Carter Worth, CEO and founder of Worth Charting, to break down the action in Lyft's stock and whether investors should buy in.
- 08/22/2025
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My 5 Favorite Stocks to Buy Right Now
- Is your portfolio getting thinned out by all the profit-taking that tends to materialize when the market reaches record highs? That's OK.
- 08/22/2025
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Here's Why Investors Should Bet on Lyft Stock Right Now
- LYFT rides on robust demand, upward estimate revisions and strategic partnerships to fuel growth and boost shares.
- 08/20/2025
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The Ultimate Growth Stock to Buy With $1,000 Right Now
- Lyft (LYFT -2.90%), the second-largest ride-hailing company in America, hasn't impressed many investors since its public debut six years ago. It went public at $72, but it now trades at around $15.
- 08/20/2025
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The Ultimate Growth Stock to Buy With $1,000 Right Now
- The name Uber (UBER 1.
- 08/19/2025
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Lyft's Billion-Dollar Signal: Why Wall Street Is Betting Big
- A recent single-day stock gain of over 8%, coupled with a noticeable spike in bullish options activity, may be signaling more than just a simple market rally.
- 08/19/2025
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Here's Why Lyft (LYFT) is a Strong Momentum Stock
- Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 08/19/2025
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Are Computer and Technology Stocks Lagging Lyft (LYFT) This Year?
- Here is how Lyft (LYFT) and DHI Group (DHX) have performed compared to their sector so far this year.
- 08/19/2025
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Lyft (LYFT) Recently Broke Out Above the 50-Day Moving Average
- After reaching an important support level, Lyft (LYFT) could be a good stock pick from a technical perspective. LYFT surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.
- 08/18/2025
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Lyft: A Quality Name That Offers Margin Of Safety, Trading At A Reasonable Price
- There is a disconnect between Lyft's fundamentals and its current market price. The rideshare industry provides tailwind, and the company's recent earnings reports provide bright spots not recognized by the market. LYFT's domestic partnership and global expansion reflect proper investment decisions by management.
- 08/18/2025
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3 Top Stocks That Could Double by 2028
- Finding stocks that can double within three years is not that difficult if you know what to look for. There are different approaches to take to this.
- 08/16/2025
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Can Lyft Win by Staying Small?
- Lyft (LYFT 8.21%) has long been the smaller player in U.S. ride-hailing, overshadowed by Uber's global reach and diverse business lines. However, in 2025, the company's focused and disciplined approach is quietly turning heads.
- 08/16/2025
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Final Trade: UNH, VB, QQQ, LYFT
- The final trades of the day with the Fast Money traders.
- 08/15/2025
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Why Is Everyone Talking About Lyft?
- Lyft (LYFT 0.17%) has spent much of its public life as the smaller player in ride-hailing -- overshadowed by Uber, questioned about its path to profitability, and often dismissed by investors seeking a safer bet.
- 08/14/2025
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LYFT vs. SHOP: Which Stock Should Value Investors Buy Now?
- Investors interested in Internet - Services stocks are likely familiar with Lyft (LYFT) and Shopify (SHOP). But which of these two companies is the best option for those looking for undervalued stocks?
- 08/14/2025
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Why Lyft (LYFT) is a Top Value Stock for the Long-Term
- Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 08/14/2025
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UBER Rally Faces Headwinds as DASH, LYFT, Waymo Accelerate Market Share
- The 2025 rally in Uber Technologies (UBER) was a "move we've been expecting for quite a while," says @LikeFolio's Andy Swan. However, he argues its moat is now being threatened.
- 08/13/2025
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Lyft Stock Declines 0.7% Since Q2 Earnings & Revenue Miss
- LYFT's Q2 earnings and revenues lag estimates despite double-digit bookings growth and a strong EBITDA margin.
- 08/13/2025
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Lyft Has More Upside Potential Than Uber
- Both Lyft and Uber are well-positioned for secular growth, especially as autonomous vehicle adoption accelerates and robotaxi services expand. But I see Lyft most likely to be a 10-bagger than Uber following a Lynch-style analysis. Compared to UBER, LYFT has a more focused operation, lower valuation ratios, and also more aggressive growth investment adjusted for its size and segments.
- 08/13/2025
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Uber and Lyft: Earnings analysis as the competition heats up
- Rideshare companies Uber and Lyft are both reported earnings. We break down the latest reports and what it means for investors.
- 08/10/2025
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Dirt Cheap Stocks to Buy With $3,000 Right Now
- Over the past 12 months, the S&P 500 rallied more than 20%. It is hovering near its all-time high and looks historically expensive at 29 times its trailing earnings -- so this might not be the best time to hunt for bargain stocks.
- 08/10/2025
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Lyft Bets on Robotaxis to Drive Revenue Growth
- Lyft is betting on a revenue boost from deploying autonomous vehicles in the U.S. and Europe as the San Francisco-based ride-sharing company works to scale its robotaxi presence.
- 08/08/2025
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Lyft, Inc. (LYFT) Q2 2025 Earnings Call Transcript
- Lyft, Inc. (NASDAQ:LYFT ) Q2 2025 Earnings Conference Call August 6, 2025 5:00 PM ET Company Participants Aurelien Nolf - Vice President of FP&A and Investor Relations Erin Brewer - Chief Financial Officer John David Risher - CEO & Director Conference Call Participants Benjamin Thomas Black - Deutsche Bank AG, Research Division Douglas Till Anmuth - JPMorgan Chase & Co, Research Division Eric James Sheridan - Goldman Sachs Group, Inc., Research Division John Ryan Blackledge - TD Cowen, Research Division Kenneth James Gawrelski - Wells Fargo Securities, LLC, Research Division Nikhil Vijay Devnani - Sanford C. Bernstein & Co., LLC.
- 08/07/2025
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Uber and Lyft Take Divergent Routes Chasing Shared Mobility Platform Goal
- While both Uber and Lyft showed healthy top-line growth and improving fundamentals, their underlying narratives — shared during their Q2 2025 earnings calls — revealed a deeper divergence when it comes to owning the mobility platform layer.
- 08/07/2025
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Lyft CEO: Self-Driving Cars Will Expand the Marketplace
- Lyft CEO David Risher says as more self-driving cars hit the road it will expand the marketplace. Risher discusses Lyft's earnings and global expansion plans with Caroline Hyde on “Bloomberg Tech.
- 08/07/2025
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DASH Rushes to 52-Week High, Acceleration v. UBER & LYFT
- Wedbush's Scott Devitt argues DoorDash is a "phenomenal company priced for being a phenomenal company." While its valuations have soared, Scott makes the case that its earnings prove it can continue momentum.
- 08/07/2025
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Lyft CEO David Risher on Q2 results: We don't see any softness in our business
- Lyft CEO David Risher joins 'Squawk Box' to discuss the company's quarterly earnings results, partnership with Baidu, autonomous driving competition, safety concerns, and more.
- 08/07/2025
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Lyft feels the punch for earnings miss ahead of NYC open
- Lyft Inc (NASDAQ:LYFT) shares dropped 3.3% after hours and are set to fall another 1.7% at the New York open, following a quarterly revenue miss that overshadowed an improved gross bookings outlook for the coming quarter. Turnover for the second quarter reached $1.59 billion, below analyst expectations of $1.61 billion.
- 08/07/2025
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Lyft: Buy The Dip As The Company Concentrates On Market Share Recovery
- Lyft's post-earnings dip creates a compelling buying opportunity, as the company maintains double-digit growth and strong bookings, despite macroeconomic headwinds. The company's strategic focus on profitable growth, reduced incentives, and selective market expansion is driving record adjusted EBITDA and free cash flow. Lyft trades at a significant valuation discount to Uber, with single-digit FCF multiples rarely seen in today's market, despite stable U.S. market share.
- 08/07/2025
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Compared to Estimates, Lyft (LYFT) Q2 Earnings: A Look at Key Metrics
- The headline numbers for Lyft (LYFT) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 08/06/2025
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Lyft (LYFT) Lags Q2 Earnings and Revenue Estimates
- Lyft (LYFT) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.24 per share a year ago.
- 08/06/2025
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Airbnb and Lyft shares drop after hours on cautious outlook, competitive pressure
- CNBC's MacKenzie Sigalos reports on Airbnb's post-earnings reversal despite a Q2 beat, and Lyft's drop after missing revenue estimates — with both companies facing competitive pressure and cautious outlooks.
- 08/06/2025
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Final Trade: DIS, MCD, UBER, LYFT
- The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
- 08/06/2025
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Lyft shares tumble more than 8% on Q2 results
- CNBC's MacKenzie Sigalos joins 'Closing Bell Overtime' with Lyft's Q2 results.
- 08/06/2025
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Lyft (LYFT) Q2 Rides Jump 14% to Record
- Lyft (LYFT) Q2 Rides Jump 14% to Record
- 08/06/2025
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Lyft shares struggle to keep up with Uber following mixed quarterly results
- Ride-hailing platform Lyft Inc. on Wednesday forecast key demand metrics that were better than Wall Street expected, but sales and rides for the second quarter came in below estimates.
- 08/06/2025
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Lyft Stock Drops After Q2 Results: Here's Why
- Lyft, Inc. LYFT released its second-quarter results after Wednesday's closing bell. Here's a look at the details from the report.
- 08/06/2025
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Waymo's Expansion Spooks Uber — Is Lyft The Smarter AV Play?
- When Alphabet Inc‘s GOOGL GOOG Waymo announced a robotaxi rollout in Dallas via Avis without Uber Technologies Inc UBER, investors got nervous, sending Uber shares into a mini tailspin. But while Uber scurried, LYFT Inc LYFT quietly stuck to its playbook: smart partnerships, controlled risk, and expansion without drama.
- 08/05/2025
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Lyft and Baidu look like perfect partners for the robotaxi business: Analyst
- Tu Le, founder and managing director of Sino Auto Insights, says that the robotaxi business is a lynchpin in Baidu's efforts to pivot towards being known as an AI company, and that it's likely that Waymo will have to compete with Chinese robotaxi operators in the international market which remains up for grabs.
- 08/05/2025
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Inside Lyft's partnership to deploy autonomous vehicles in Europe
- Evercore ISI head of internet research Mark Mahaney discusses the AI and tech sectors on 'The Claman Countdown.' #foxbusiness #economy #politics #usnews #markets
- 08/05/2025
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Lyft is getting into the robotaxi game with a big Chinese company
- Baidu and Lyft are joining forces to deploy Apollo Go robotaxis in European cities. Lyft is planning for thousands of robotaxis in Europe, starting in the UK and Germany by 2026.
- 08/05/2025
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Final Trade: PFE, AFRM, LYFT, AEM
- The final trades of the day with CNBC's Melissa Lee and the "Fast Money" traders.
- 08/04/2025
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China's Baidu to deploy robotaxis on rideshare app Lyft
- Chinese internet giant Baidu plans to launch its robotaxis on rideshare app Lyft in Germany and Britain in 2026, pending regulatory approval, the two companies said on Monday.
- 08/04/2025
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Lyft And Baidu Are Launching Robotaxis In Europe: Opportunity And Risks
- Lyft, Inc.'s partnership with Baidu to deploy Apollo Go robotaxis in Europe gives Lyft a first-mover advantage and expands its growth potential beyond North America. Lyft is showing improving fundamentals and attractive valuation, but faces risks like share dilution and the need to prove it can execute on its European expansion. Baidu benefits by gaining a foothold in a highly regulated Western market without building its own infrastructure, but faces ongoing geopolitical and regulatory risks.
- 08/04/2025
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What Lyft's robotaxi deal with Baidu really mean for Uber
- Lyft Inc (NASDAQ: LYFT) is extending gains this morning after announcing a strategic team-up with Baidu Inc (NASDAQ: BIDU) to launch robotaxi services in Europe next year.
- 08/04/2025
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Lyft and China's Baidu look to bring robotaxis to Europe next year
- Lyft's European expansion will include Chinese-made robotaxis.
- 08/04/2025
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Lyft and Baidu Plan to Launch Robotaxis in Europe Next Year
- Lyft recently entered the European market with its acquisition of Freenow.
- 08/04/2025
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Navigating the Robotaxi Revolution: Uber, Lyft, EPS Preview
- Uber and Lyft will each report earnings this week. Investors will be focused on how each company is navigating the emergence of robotaxi vehicles.
- 08/04/2025
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Lyft to add autonomous shuttles in 2026 as Uber inks more self-driving deals
- Lyft will add autonomous shuttles made by Austrian manufacturer Benteler Group to its network in late 2026, the company announced Friday. The shuttles will be deployed in partnership with U.S. cities and airports, according to Lyft, but could expand out from there if things go well.
- 07/25/2025
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Lyft: The AV Dark Horse With Breakout Potential
- Lyft is building a scalable, vertically integrated platform, well-positioned to benefit from mainstream autonomous vehicle adoption and partnerships in the AV space. Recent financials show strong growth in riders, bookings, and profitability, with management signaling confidence via an expanded share buyback program. Lyft's Flexdrive subsidiary and AV partnerships provide a differentiated, durable business model versus Uber, especially for small fleet operators.
- 07/25/2025
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Billionaire David Tepper Sold Appaloosa's Entire Stake in Advanced Micro Devices in Favor of 2 Stocks Whose Addressable Market Can 10X by 2033
- Data is the currency that keeps Wall Street's proverbial hamster on its wheel -- and investors are rarely, if ever, short of information to analyze. In fact, it can be argued that between earnings season and near-daily economic data releases, it's easy for something of importance to fly under the radar.
- 07/22/2025
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Lyft (LYFT) Stock Slides as Market Rises: Facts to Know Before You Trade
- Lyft (LYFT) reached $14.76 at the closing of the latest trading day, reflecting a -1.14% change compared to its last close.
- 07/17/2025
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Lyft to Announce Second Quarter 2025 Financial Results
- SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT) (the “Company” or “Lyft”) will release financial results for the second quarter of 2025 after the close of the market on Wednesday, August 6, 2025. On the same day, Lyft will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to the live audio webcast, please visit the Company's Investor Relations page at https://investor.lyft.com/. The archived.
- 07/16/2025
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3 Reasons to Buy Lyft Stock Like There's No Tomorrow
- Lyft (LYFT -2.64%) is a platform that connects third-party drivers with people needing a ride. When it comes to stocks that should be bought, I believe it's one of the market's best-kept secrets.
- 07/12/2025
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10 Under-the-Radar Consumer Goods Stocks With Incredible Growth Potential
- Consumer goods stocks might not get the hype that the tech sectors or other high-growth stocks get, but there are plenty of hidden gems in the industry as well as big winners.
- 07/11/2025
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Lyft (LYFT) Stock Drops Despite Market Gains: Important Facts to Note
- Lyft (LYFT) closed the most recent trading day at $15.32, moving 2.17% from the previous trading session.
- 07/10/2025
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"No Comparison": Matt Tuttle's Case for UBER over LYFT
- Matt Tuttle says there's no comparison between Uber (UBER) and Lyft (LYFT). He thinks Uber is a long-term hold and something to own for 5-years or more.
- 07/08/2025
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3 Tech Stocks Poised for Explosive EPS Growth in 2025
- The retail investment community has become saturated with indicators and sophisticated methods for attempting to predict future stock prices, almost completely forgetting the tried-and-tested methodologies that have worked for decades in fundamental investment strategies.
- 07/08/2025
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Here's Why Lyft (LYFT) is a Strong Value Stock
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 07/07/2025
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Waymo vs. Tesla: What’s the Top Ridesharing Stock?
- What’s the top ridesharing stock? In the segment below, 24/7 Wall St. Analyst Eric Bleeker breaks down the key differences between Alphabet‘s Waymo service and Tesla‘s new Robotaxi service that launched on June 22nd in Austin. Why are autonomous driving services suddenly in the news and how quickly could they be headed toward a city near you in the coming years? Key Points Waymo, a subsidiary of Alphabet (NASDAQ: GOOGL), has surpassed Lyft (NASDAQ: LYFT) in key ride-share markets and completed over 10 million rides, signaling rapid scaling and growing mainstream relevance. With Swiss Re data showing Waymo vehicles cause 90% fewer bodily injuries and 86% less property damage, the company’s safety advantage could drive regulatory and consumer adoption. Tesla (NASDAQ: TSLA) is emerging as Waymo’s main competitor, but its camera-only, lower-cost self-driving system may trail Waymo’s more complex and expensive sensor suite on safety, setting the stage for a technological format war. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don’t waste another minute; get started by clicking here.(Sponsor) Watch the Segment Now https://videos.247wallst.com/247wallst.com/2025/06/1-Waymo-vs.-Tesla_-Whats-the-Top-Ridesharing-Stock_.mp4 Segment Highlights Waymo recently was the center of attention in news cycles when its cars were repeatedly burned during protests in LA. While the event led to a surge in broader interest around Waymo, the reality is the service has been growing significantly for years. Waymo hit 1 million rides end of 2023 5 million last year And is already over 10 million rides less than midway through this year To date, the service has only been available in a handful of cities like San Francisco, LA, Austin, and Phoenix However, it’s about to expand rapidly to cities like Washington DC, Miami, and Houston It wouldn’t shock us if by the end of next year, Waymos were either in or testing across 20+ cities and targeting international So far, the safety results have been very positive. Waymos have logged 50 million-plus driverless miles. Insurer Swiss Re reported Waymos lead to ~90% less bodily injuries and ~86% less property damage. In San Francisco, Waymo cars generally cost a significant premium compared to Uber. However, people are choosing them because the experience is better. This is kind of ironic: People talk about their preference for Waymos over Ubers the same way they talked about Ubers over taxis in the early 2010s. Next up is Tesla: The company launched its Robotaxi service in a limited area in Austin, Texas, on June 22nd. The key battle line between the companies is safety and cost. Tesla is rolling out at a much cheaper cost using a more limited set of cameras as their primary input. Waymos use a much broader suite of cameras and other sensors – we’ve heard their cost is about $180,000 per car, which is significantly higher than Tesla’s, which is targeting a $30,000 price point for future driverless car releases. There are no shortage of conflicting reports of safety, but our opinion is that for now, Waymo is much safer. Tesla’s own calculations on their Full Self Driving page put the technology at 54% safer. Meanwhile, Swiss Re data has pegged Waymo cars at rates closer to 10X less bodily injuries. How we’re investing: Tesla’s current share price has a lot of success in emerging opportunities like robotics and self-driving cars being large contributors. In the case of Alphabet, Waymo is adding very little value to the overall business currently. The share price of Google will continue to be shaped by areas like concerns about share declining against competitors like OpenAI, and the growth trajectory of its cloud unit. Another option in the space is the component plays. We haven’t personally been impressed with most options, and if Tesla’s approach wins out, component plays in areas like LIDAR would almost certainly not be successful investments. The big picture: this is one of the clearest stories of a mind-blowing AI application hitting the mainstream. After years of promises never fulfilled in this market, it appears self-driving is finally making a push across America and beyond. Get all the Top AI News If you’re looking for the top investments in the artificial intelligence space, make sure to check out the ‘AI Investor Podcast’ from 24/7 Wall St. The segment above is from the show, and 24/7 Wall St. Analyst Eric Bleeker invests $500,000 of his own money across his favorite AI stock ideas. You can listen to the latest episode below on popular podcast players. Transcript: [00:00:05] Austin Smith: You know, one of the companies that you and I talk a lot about privately and is really interesting right now is Waymo, this sort of potential sleeping giant in Google, which is also, of course, an AI company and an AI play. how big do you think Waymo could get in 2026? [00:00:19] Austin Smith: I mean, some of the. The ride share figures that we’re seeing are crazy. You know, expansion into cities like Austin. I think a rumored expansion into MI, or not a rumored and announced expansion into Miami and some of the velocity of ride sharing that we’re seeing out of Waymo in cities like San Francisco is just stunning. [00:00:34] Austin Smith: I think I saw they’re larger than Lyft now, is that correct? [00:00:37] Eric Bleeker: Yes. Yes. They are larger than the ride sharing companies and kind of the markets they’ve had the longest history in. [00:00:44] Austin Smith: And one of the things that’s really interesting here, this also ties in with something we had talked about in our last episode, which is the, the potential application of AI to robotics. [00:00:53] Austin Smith: I mean, in many ways Waymo is just a, a large mobile robot, right? And we’re, this might be one of the first real valid use cases where people can really internalize how AI could be impacting their physical lives. [00:01:05] Eric Bleeker: Yeah, a hundred percent. So I think there’s. A few interesting things here. You hit the nail on the head when you said this is gonna be one of the first use cases where this impacts people’s lives. [00:01:14] Eric Bleeker: Second, we have this pretty, uh, what you wanna call an interesting story of LA where you know, you get to these edge cases. If you called an Uber (NYSE: UBER) into the areas where protests are happening, the driver would just turn around and say, Nope. A self-driving car doesn’t have that decision making. Mm-hmm. So, uh, the protesters start calling a series of Waymo’s into the protest area and burning them. [00:01:38] Eric Bleeker: Um, you know, it’s interesting ass, I believe you said it, there’s an old saying that, um, all PR is good pr and if you look at search trends, well, Waymo is doing this, you know, world changing technology. It really took an event like this to kind of get it. Into kind of the broader space where so many more people even know it exists because it’s been limited to a small number of markets. [00:02:02] Eric Bleeker: So let’s, let’s break down. You had talked about the numbers. Mm-hmm. So, Waymo, they had 1 million rides completed at the end of 2023, 5 million by last year. And they’re already over 10 million rides at this point in the year. So, you know, you are seeing that upwards trajectory where I think the story is going to become. [00:02:22] Eric Bleeker: A lot more front of mind for people. So far. Lyft’s had, or sorry, Waymo, I should say, has had more limited markets. You know, San Francisco, LA, Austin, Phoenix. It’s about to rapidly expand. I live in Washington, dc It’s coming here. It’s coming to Miami, Houston. It wouldn’t shock me if by the end of 2026 we had Waymo targeting something in the neighborhood. [00:02:47] Eric Bleeker: Of 20 cities. So if you live across the US there’s a good chance there’s going to be Waymo deployed in active use pretty close to where you live in the next, you know, one to two years. Now what’s, what’s really interesting about Waymo itself, well, there are over 50 million driverless market, uh, 50 million driverless miles, I should say, and Swiss Re, which is a major reinsurer. [00:03:13] Eric Bleeker: By their estimates, Waymo’s caused 90% less bodily injuries and 86% less property damage. And again, with technology like self-driving cars, it’s as bad as it’s ever going to be. I. It’s only going to get better now. Austin. I know when we had first started working together, I believe when Uber was relatively a new app coming out and what you saw from people was, you know, a big reason for the uptake. [00:03:42] Eric Bleeker: And Ubers themselves was that it was just a better experience than cabs. It wasn’t just ordering it on the app itself. It was the trust. It was how much you knew you were going to pay, even if Uber was priced at a premium, which initially was people just wanted to use it over taxis because it was a genuinely better product. [00:04:03] Eric Bleeker: When I talk with people who have been using Waymo’s, when I look at Chatter online. I see a one-to-one relationship in the way that Uber disrupted taxis with Waymo’s disrupting Uber. In fact, in a lot of areas like San Francisco, Waymo’s generally cost two to three times the cost. Yet there’s a massive backlog for them because people just prefer using them. [00:04:27] Eric Bleeker: And you can imagine many of the reasons why. It’s just a lot more comfortable to be in a car where you’re by yourself. Now the next battle line is Tesla launching their own self-driving network. That’s supposed to happen June 22nd. They just changed that date. We’re filming on Thursday, June 12th. Mm-hmm. [00:04:46] Eric Bleeker: Uh, Tesla just pushed it back yesterday, but the main battle line here is mostly around safety. Um, by Tesla’s own kind of calculations, they see their full self-driving as 54% safer. Waymo, we shared the figures from Swiss Re that were closer to 10, 10 times safer, and that comes at a cost, a very real cost. [00:05:11] Eric Bleeker: I’ve heard the average Waymo cost about $180,000, where Tesla is aiming for a much cheaper solution, relying just on a limited number of cameras. So, you know, Austin, I think for now I, I just wanted to talk about this story we had in the news because of what’s going on in Los Angeles, but also frame up just. [00:05:30] Eric Bleeker: What we are seeing because as you note at the start, this is one of the clear stories of a mind blowing AI application, hang the mainstream. And if someone says, I’ve just seen way more on the news, we’re about to see an acceleration point where it goes from being something you read about to something functioning in your own city. [00:05:48] Eric Bleeker: So I don’t think at this moment we are looking for any investments. ’cause Waymo is such a small piece of. Uh, Google and Alphabet itself. Tesla’s got a lot more going on to its story. You’re kind of left with a lot of the component plays. [00:06:03] Austin Smith: Mm-hmm. [00:06:04] Eric Bleeker: I’m not in love with a lot of the options you have and things like uh, lidar. [00:06:08] Eric Bleeker: But we did wanna talk about this because it is going to be something capturing the imagination and the rate at which it’s taking off will surprise people. And as you note at the start, might be kind of a preview for fields like. Robotics itself. [00:06:22] Austin Smith: Mm-hmm. And I would just add, uh, two things there. You know, this is a, a sector to watch. [00:06:27] Austin Smith: We’re not yet doing component plays here. And part of the reasons we might be in very much like a, a beta, you know, a Blu-ray versus HD technology battle here where, where it’s lidar versus camera based. You talked about Tesla is the biggest competitor to Waymo. Waymo, notably has cameras, lidar, and they’re much more expensive and complicated, but arguably that, you know, the, the case that they would make is that makes their vehicles safer. [00:06:49] Austin Smith: Mm-hmm. Tesla has the advantage on the manufacturing side, price based, but far fewer, uh, sensors and they’re, they are camera based, they’re vision based plays, so it’s hard to know which component play makes sense until we know which technology is really the one that is gonna win and proliferate and end up, uh, being the real winner for this form factor. [00:07:06] Austin Smith: One other thing I just wanted to note is for people who are looking at the potential of a company like Waymo and drawing the analogy to a Uber, I think that that’s the wrong analogy to draw because Uber famously works best in high density urban areas where you have the supply demand balance where the the service makes sense. [00:07:24] Austin Smith: There are enough cars on the road, enough drivers on the road. Waymo won’t suffer for that. Waymo. If this proves out in dense urban areas should be able to proliferate to suburban and, and in rural areas eventually with much better economics than a company like Uber, which has to worry about both driver and passenger, uh, balance economics. [00:07:43] Austin Smith: So this is, this is a technology actually could proliferate much broader culturally than Uber. But let’s keep going here. There’s a lot of other news to talk about. I don’t wanna get hung up on self-driving cars. The post Waymo vs. Tesla: What’s the Top Ridesharing Stock? appeared first on 24/7 Wall St..
- 07/03/2025
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Lyft: Value Stock With Growth Dynamics
- Lyft is now a value stock with growth dynamics, trading at a steep discount despite improving fundamentals and positive free cash flow. The company is expanding EBITDA margins and cash earnings at 25% annually, supported by a $750M buyback and strong net cash position. Risks include potential Uber price wars and regulatory changes, but Lyft's scale and market share make it resilient.
- 07/02/2025
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Billionaire David Tepper of Appaloosa Is Selling Nvidia, Amazon, and Meta Platforms, and Absolutely Piling Into a Stock Where the Addressable Market Can 10X by 2033
- The amount of data thrown investors' way can be overwhelming at times. Between earnings season -- the six-week period where most S&P 500-listed companies report their quarterly operating results -- and economic releases from the U.S. government, it can be tough to stay on top of Wall Street's market-moving events.
- 07/02/2025
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These "Cheap" Internet Stocks Could Keep Soaring
- Posting very pleasant gains amid the stock market's historic rebound, the extended rally in these top-rated internet stocks could continue.
- 07/01/2025
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Should I buy a car for freedom when Uber is cheaper and I work from home?
- Many younger Americans are opting to forego car ownership in the era of ride-hailing. It’s not just costly to buy or finance a new vehicle in this tough inflation-plagued economy, but car insurance, gas (or charges if you’re using an electric vehicle), regular maintenance, oil changes, tolls, and parking (as well as the occasional ticket) really do add up. And while you can Uber (or Lyft) to most places in the city, one does forgo a bit of freedom to go on those spontaneous road trips or bulk hauls over at the local Costco. Indeed, with grocery delivery becoming the new norm for many young families and ride-hailing the new way to get around, I’d argue that the most economically viable move is to stick with ride-hailing rather than vehicle ownership. At the end of the day, it’s nice and flashy to have your own car, but it’s a liability and a very expensive one to park in your garage. While lifestyle should definitely play a major role in one’s decision to buy or keep ride-sharing, I do think that it’s just far more convenient to stick with ride-hailing apps than head on over to the local dealership to purchase something that could cost you a ton of phantom expenses and easily push you over your monthly budget. Key Points Owning a car is too expensive for many young Americans. Ubering remains the cost-effective way to go. If you have young children who need car seats or boosters, owning a car often outweighs relying on Uber to go everywhere. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don’t waste another minute; get started by clicking here.(Sponsor) It’s not just cheaper to Uber (or Lyft). It saves a great deal of time as well. Indeed, it’s not just the sticker price of a vehicle that can sink an otherwise sound budget, but all the unexpected costs that arise over time. Negative cash flows, especially the ones that come from left field, may not just come with high opportunity costs, but they could cost a great deal in time (sitting around getting those tires rotated or those windshield chip repairs every couple of months). As the old saying goes, time is money. And for those who have an Uber One subscription, there’s ample cash to be saved by skipping car ownership and catching a ride or getting food delivered from your favorite restaurant. When it makes sense to own your own car rather than Ubering everywhere Indeed, for the many folks who work from home, there’s no morning commute to worry about, so the case for car ownership, I think, is a fairly weak one since most people own a car for transportation to and from work. With the rise of remote and hybrid work, one may need to show up to the office every now and then, but perhaps not often enough to make car ownership worthwhile. For a remote worker, I’d argue that the biggest reason for owning a car is not for road trips, as you could easily rent a car (believe it or not, Uber offers such services) for a few days if you’re keen on travelling state to state. It’s for those with large families and lots of children. Indeed, if you need to get a car seat or two attached for the baby, it can be pretty inconvenient to hail an Uber. Additionally, all those karate practices, swim lessons, drives to school, and more are something that would make an investment in a car worth the while. For an individual without children, I’d say sticking with Ubering is the best move. It’ll save you time, money, and won’t limit your freedom by too much, given that car rental services can fill in the gap for those who seek greater freedom to travel. However, if there’s a growing family, I’d say it just makes sense to consider buying a car for the sake of practicality. So, in short, I don’t think it’s a good idea to buy a car versus ride-sharing for a remote worker unless there are children who need rides. The costs of car ownership (even a used, budget one) are hefty, and they may not be worth the extra “freedom” they provide.The post Should I buy a car for freedom when Uber is cheaper and I work from home? appeared first on 24/7 Wall St..
- 06/30/2025
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Must-Watch Gig Economy Stocks to Rejuvenate Your Portfolio
- The likes of UBER, DASH,and LYFT ride the gig economy boom, offering investors flexible plays in a $2.15T market by 2033.
- 06/30/2025
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3 Brilliant Stocks That Could Soar by 39% to 80%, According to Wall Street
- Buying and holding quality stocks is one of the most efficient ways to build wealth. Three Motley Fool contributors believe now is a great time to consider buying shares of Alibaba (BABA 0.13%), Lyft (LYFT -0.76%), and RH (RH -1.05%) (formerly Restoration Hardware).
- 06/28/2025
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Uber Vs. Lyft: Why I Buy Uber And Not The Other
- Uber's global scale, diversification, and strong network effect make it a safer long-term investment than Lyft, justifying its valuation premium. Lyft offers a cheaper valuation and solid growth, but its smaller scale and higher uncertainty make it riskier and less compelling for long-term investors. Uber's superior profitability, execution, and ability to capture industry trends support my Buy rating, while Lyft's upside is more speculative, earning a Hold.
- 06/28/2025
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Canaccord's George Gianarikas: Uber & Lyft need a robust ecosystem of technology partners
- George Gianarikas, Canaccord Genuity analyst, joins 'The Exchange' to discuss robotaxi's impact on Uber and Lyft.
- 06/27/2025
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TSLA Creates UBER & LYFT Bear Case, Baird Downgrades Banks, EL "Lipstick Indicator"
- JPMorgan Chase (JPM) and Bank of America (BAC) have recently outperformed the SPX, but Baird downgraded both stocks as the macro environment shifts. Canaccord downgraded and cut price targets on Uber Technologies (UBER) and Lyft Inc. (LYFT) as Tesla (TSLA) ramps up its showing in autonomous driving.
- 06/27/2025
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3 Stocks With Upgraded Broker Ratings to Consider for Solid Returns
- EXEL, LYFT and KGC have all seen notable broker upgrades recently. Here???s why they may offer solid returns ahead.
- 06/27/2025
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LYFT or SHOP: Which Is the Better Value Stock Right Now?
- Investors with an interest in Internet - Services stocks have likely encountered both Lyft (LYFT) and Shopify (SHOP). But which of these two stocks offers value investors a better bang for their buck right now?
- 06/26/2025
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Lyft taps drivers for strategic input to help navigate robotaxi rollout
- Lyft introduced its first-ever Driver Autonomous Forum on Thursday, a new initiative designed to engage seasoned drivers in shaping key strategies as the company begins integrating robotaxis into its ride-hailing service.
- 06/26/2025
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Thomas: Lyft's valuation is way off compared to its 30% market share
- Lisa Thomas, Managing Director and Deputy Head of Global Research at TD Cowen, sees strong mid-cap upside driven by policy clarity. She highlights Lyft and Planet Fitness as undervalued turnaround plays with high growth potential.
- 06/26/2025
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AI Optimization Could Lift Lyft While Europe Presents Risks And Opportunities
- Lyft is currently undervalued, with strong revenue growth and a solid balance sheet, but faces stiff competition and low profitability. AI optimization, especially the new driver earnings assistant, could significantly boost Lyft's productivity and profitability over time. European expansion via the FREENOW acquisition offers growth potential, but also carries risks due to strong public transportation and market expansion challenges.
- 06/25/2025
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Lyft Stock Gets an Upgrade. Why Competition in the AV Market Is No Problem.
- The ride-hailing app is pushing into international markets.
- 06/24/2025
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LYFT vs. GRAB: Which Ride-Hailing Stock is a Stronger Play Now?
- LYFT gains edge over GRAB with rising gross bookings, an inexpensive valuation and standout price performance.
- 06/23/2025
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Trump’s Fellow College Alumni is Quite The List
- The 45th and 47th President of the United States, Donald Trump, is famously known for attending the University of Pennsylvania. Having started his college career at Fordham University, the president left Fordham after two years and went on to earn a degree from the University of Pennsylvania, a prestigious Ivy League institution. Key Points The President of the United States attended one of the nation’s most prestigious universities. The president isn’t the only famous graduate to have attended this school. Titans of industry and even a famous game maker are all graduates of the same school that the president attended. 4 million Americans are set to retire this year. If you want to join them, click here now to see if you’re behind, or ahead. It only takes a minute. (Sponsor) If you’re already familiar with the University of Pennsylvania, you know that the Wharton School, where the president graduated, is famously difficult to get into. This is considered one of the nation’s best business schools, and the president is far from being the only notable graduate. 20. Ivanka Trump Ivanka Trump, an American businesswoman, is the second-oldest child of President Donald Trump. A senior advisor in her father’s first administration, Ivanka also served as a boardroom judge on her father’s show, The Apprentice. She now serves as an executive vice president of the Trump Organization. 19. Donald Trump Jr. The firstborn son of the president, Donald Trump Jr., currently serves as an executive vice president of the Trump Organization. Running the company alongside his brother, Eric, Trump graduated from the Wharton School in 2000 with a Bachelor of Science in Economics. 18. Ron Perelman Investor, banker, businessman, and philanthropist are just a few of the words to describe Ron Perelman. Graduating from the University of Pennsylvania with an MBA, Perelman has held or currently holds positions in companies such as Revlon, RetailMeNot, Valassis, Scientific Games Corporation, and others. 17. Alex Gorsky Serving as the CEO of Johnson & Johnson since 2012, Alex Gorsky graduated from Wharton in 1996. In addition to his role at J&J, Gorsky serves as a board director at Apple and JP Morgan Chase, and spoke at the school’s 2022 MBA graduation ceremony. 16. Mark Pincus Mark Pincus, the man responsible for the Farmville craze during Facebook’s early days, is the founder of Zynga. One of the world’s best-known mobile social gaming companies, Pincus left his role in 2016. Pincus would later go on to co-found an investment firm with investments in companies such as Lyft, SpaceX, and Oscar Health. 15. Laurene Powell Jobs Billionaire and philanthropist Laurene Powell Jobs is the widow of Steve Jobs, former co-founder and CEO of Apple. Managing the Steve Jobs Trust, Jobs graduated from the University of Pennsylvania in 1985 and later founded the Emerson Collective, which she uses to support organizations like The Atlantic and Axios. Powell also owns a 20% stake in Monumental Sports & Entertainment, which owns multiple sports teams. 14. Brian L. Roberts Brian L. Roberts, the chairman and CEO of Comcast, is an American businessman and billionaire. Attending school at the University of Pennsylvania, not too far away from where he was born, Roberts took over Comcast from his father. He was named the president of Comcast in 1990 and became CEO in 2002. Julian A. Brodsky, Robert’s father’s partner in founding Comcast, also attended the Wharton School. 13. Mort Zuckerman Mort (Moritmer) Zuckerman, the owner of Boston Properties, one of the world’s largest real estate investment trusts, is another MBA graduate of the University of Pennsylvania. He currently owns the U.S. News & World Report, having previously owned The Atlantic and Fast Company. 12. Josh Harris Josh Harris, the founder of private equity firm Apollo Global Management, is one of the world’s wealthiest individuals. He currently has ownership stakes in the Philadelphia 76ers basketball team, the New Jersey Devils hockey team, and the NFL’s Washington Commanders. Harris holds an economics degree from the Wharton School, which he earned in 1986. 11. Steve Cohen Graduating with an economics degree from the Wharton School, Steve Cohen is a billionaire businessman. The owner of the New York Mets baseball team, Cohen, is the founder of S.A.C. Capital Advisors. Cohen famously played a role in supporting Ken Griffin’s Citadel short squeeze of GameStop with Gabe Plotkin. According to Forbes, Cohen has a current net worth of $21.3 billion. 10. Robert Crandall Widely regarded as the creator of the frequent flyer program, Robert Crandall was the former president and chairman of American Airlines. Considered a titan of the industry, Crandall created the AAdvantage program, which was the first major mileage-reward frequent flyer program in the airline industry. 9. Edmund T. Pratt Jr. Edmund T. Pratt Jr., the former Chairman and CEO of Pfizer Inc., served as CEO from 1972 to 1991 and as Chairman until 1992. An MBA graduate of the University of Pennsylvania, Pratt played a pivotal role in transforming Pfizer into a global pharmaceutical giant. Under his leadership, annual revenue increased from $1 billion to nearly $7 billion. 8. Elon Musk The current world’s wealthiest person, Elon Musk, is everywhere and seemingly has his hand in everything. As of June 2025, Elon Musk has an estimated net worth of approximately $409 billion, making him one of the wealthiest individuals in recorded history. The CEO of Tesla, SpaceX, and xAI, Musk, was an initial big player in the President’s current administration, overseeing the DOGE office before stepping away. 7. William Wrigley Jr. II The former chairman and CEO of William Wrigley Jr. Company, William Wrigley Jr. II, is the great-grandson of the company founder. Receiving his undergraduate degree from Duke, Wrigley received his MBA from the University of Pennsylvania. The company secured Altoids and Life Savers during his tenure, before selling them to Mars Candy for $23 billion, earning himself an estimated $3 billion. 6. Sundar Pichai An MBA graduate in 2002, the current CEO of Alphabet, Sundar Pichai, received his degree from the University of Pennsylvania. Joining Google in 2004, he was appointed as the company’s CEO after Eric Schmidt stepped down in 2015. Among his notable contributions, Pichai has played a key role in the development of Gmail, Google Maps, Google Drive, Chrome OS, and Google Chrome. 5. Anil Ambani An Indian billionaire, Anil Ambani, is the chairman and managing director of the Reliance Group, one of India’s most notable corporations. His net worth as of early June 2025 is estimated to be around $3 billion. At one point, Ambani was ranked as the sixth wealthiest person in the world, having received his MBA from the University of Pennsylvania. 4. Peter Lynch One of the most prolific investors of the modern day, Peter Lynch, a Wharton School MBA graduate, previously managed the Magellan Fund. A fund held by Fidelity Investments, Lynch famously averaged a 29.2% annual return between 1977 and 1990. During this time at the company, Lynch increased assets under management from $18 million to $14 billion. 3. John Sculley The man best known for firing Steve Jobs from Apple, John Sculley, attended the University of Pennsylvania. Famously leaving his role as the President of PepsiCo to take on the CEO role at Apple in 1983, Sculley stayed with the company for 10 years. For a time, Sculley was Silicon Valley’s highest-paid executive, earning $10.2 million annually. 2. JD Power James David Power III, another famous graduate of the University of Pennsylvania, also attended the Wharton School, earning an MBA in Finance. After joining Ford Motor Company, J.D. Power would go on to launch J.D. Power and Associates in 1968. Today, J.D. Power is a leading analytics firm that tracks trends across various industries, including automobiles, financial services, telecommunications, and many others. 1. President Donald Trump Starting at Fordham University in 1964, the president stayed at the school for two years before transferring to the University of Pennsylvania in 1966. After graduation, Trump famously went on to extend his father’s real estate empire, open up numerous businesses, host a popular TV show, and, of course, ascend to the highest office in the land. The post Trump’s Fellow College Alumni is Quite The List appeared first on 24/7 Wall St..
- 06/23/2025
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5 Mid-Cap Stocks to Buy on Solid Long-Term Earnings Growth Potential
- Mid-cap stocks like PATH, LYFT, SHAK, WING and DY boast strong long-term EPS growth and rising earnings estimates.
- 06/23/2025
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Goldman Sachs names top 3 autonomous vehicle stocks to buy and hold in 2025
- Autonomous vehicles have already started taking share within ride-sharing and trucking industries this year, and Goldman Sachs believes the penetration will only accelerate moving forward.
- 06/20/2025
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LYFT's Gross Bookings Growth Gaining Pace: A Sign of More Upside?
- LYFT's gross bookings rose 13% to $4.6 billion in the first quarter as active riders hit a record, boosted by new markets and its Price Lock feature.
- 06/19/2025
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Why Lyft (LYFT) is a Top Value Stock for the Long-Term
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 06/19/2025
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Lyft CMO Brian Irving talks 'customer-obsessed' marketing and product development
- Lyft CMO Brian Irving talks 'customer-obsessed' marketing and product development.
- 06/18/2025
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Have $500? 3 Absurdly Cheap Stocks Long-Term Investors Should Buy Right Now
- It may seem like a tough time to buy stocks, as tariffs, trade wars, military conflicts, and other macro headwinds rattle the markets. But during these uncertain times, we should always recall Warren Buffett's timeless advice of being "greedy only when others are fearful.
- 06/17/2025
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Here's Why Lyft (LYFT) Fell More Than Broader Market
- The latest trading day saw Lyft (LYFT) settling at $14.78, representing a -4.27% change from its previous close.
- 06/13/2025
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Lyft (LYFT) Upgraded to Buy: What Does It Mean for the Stock?
- Lyft (LYFT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
- 06/13/2025
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Waymo's Pricey Rides Are Still Stealing Uber, Lyft Customers
- Alphabet, Inc. GOOG GOOGL Waymo's robotaxi rides are more expensive than catching a ride from Uber Technologies, Inc. UBER or Lyft, Inc. LYFT, yet demand remains high despite the higher prices.
- 06/12/2025
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DoubleVerify Unveils New Partnership to Authenticate Lyft Ads
- NEW YORK--(BUSINESS WIRE)--DoubleVerify ("DV") (NYSE: DV), the leading software platform to verify media quality, optimize ad performance, and prove campaign outcomes, today announced a partnership with Lyft (NASDAQ: LYFT), a leading rideshare company that provides on-demand transportation services. The partnership will leverage DV's media verification capabilities across Lyft's advertising platform, giving brands greater transparency and confidence in their campaigns. “As marketers expand thei.
- 06/11/2025
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IAS LAUNCHES FIRST-TO-MARKET PARTNERSHIP WITH LYFT MEDIA TO PROVIDE AI-DRIVEN THIRD-PARTY MEASUREMENT FOR ADVERTISERS
- Partnership delivers trusted, third-party Viewability, Invalid Traffic and Brand Safety Measurement for Lyft Media's In-App Inventory NEW YORK , June 11, 2025 /PRNewswire/ -- Integral Ad Science (Nasdaq: IAS), a leading global media measurement and optimization platform, today announced a first-to-market partnership with Lyft (Nasdaq: LYFT) enabling advertisers to validate the quality of their Lyft Media buys with IAS's Viewability, Invalid Traffic (IVT) and Brand Safety Measurement, available now. As the first media quality measurement partner for Lyft Media, IAS is trusted to ride along every impression.
- 06/11/2025
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LYFT or SHOP: Which Is the Better Value Stock Right Now?
- Investors interested in stocks from the Internet - Services sector have probably already heard of Lyft (LYFT) and Shopify (SHOP). But which of these two stocks offers value investors a better bang for their buck right now?
- 06/10/2025
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LYFT Soars 37% in 3 Months: Is the Stock Still Worth Betting on Now?
- LYFT surges 36.7% in 3 months, with strong bookings, upbeat guidance, and a $750 million buyback fueling momentum.
- 06/10/2025
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Uber Wins Analyst Praise For Robotaxi Boom, Lyft Faces Tougher Road Ahead
- Bank of America Securities analyst Michael McGovern maintained a Buy on Uber Technologies UBER on Tuesday. However, with Waymo's rapid growth in San Francisco and other US cities, the analyst remained more cautious about Lyft, Inc LYFT and maintained an Underperform.
- 06/09/2025
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Why Lyft (LYFT) is a Top Momentum Stock for the Long-Term
- Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
- 06/06/2025
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Lyft is going after a new audience: older adults. $LYFT
- Lyft is going after a new audience: older adults.
- 06/05/2025
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Lyft, Inc. (LYFT) BofA Securities 2025 Global Technology Conference (Transcript)
- Lyft, Inc. (NASDAQ:LYFT ) BofA Securities 2025 Global Technology Conference June 3, 2025 7:00 PM ET Company Participants Erin Brewer - Chief Financial Officer Conference Call Participants Michael McGovern - Bank of America Michael McGovern Thank you, everyone, for joining us. I'm Michael McGovern, I'm on the Internet team here at Bank of America.
- 06/04/2025
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Lyft CEO on Silver Riders, Self-Driving Cars, and the $100M Ad Bet
- On the latest episode of After Earnings, we spoke with Lyft CEO David Risher about designing Lyft Silver for older adults who have been left out of the rideshare boom, how the company is turning its app into a $100 million advertising platform, and what it will take to balance a future of autonomous vehicles with the human touch that keeps rides personal.
- 06/02/2025
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Lyft is starting to make some right moves with urging from activist Engine Capital. What's next
- Ken Squire breaks down the Engine position in Lyft.
- 05/31/2025
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Prediction: Lyft Stock Could Double in the Next 3 Years
- Lyft (LYFT -0.62%) has had a tough time on the public markets. Share prices of the ridesharing company, which has long been in the shadow of the larger Uber Technologies (UBER -0.34%), are down 77% since its IPO in 2019.
- 05/31/2025
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Stock Of The Day: Is Lyft About To Breakdown?
- Trading in Lyft, Inc. LYFT is quiet Friday. But that may not be the case for long.
- 05/30/2025
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Lyft CFO to Participate in Fireside Chat Hosted by BofA Securities
- SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT) announced today that Erin Brewer, Chief Financial Officer, will participate in a fireside chat at the BofA Securities 2025 Global Technology Conference, on Tuesday, June 3, 2025 in San Francisco, CA at 4:00 p.m. Pacific Time. A live webcast of the event will be available on the investor relations section of the Lyft website at http://investor.Lyft.com. About Lyft Whether it's an everyday commute or a journey that changes everything, Lyft.
- 05/27/2025
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3 Red-Hot Growth Stocks to Buy in 2025
- It pays to spot promising growth stocks that you can buy and keep for years or even decades. Such stocks can enable the value of your investment portfolio to increase over the years, bringing you closer to your dream retirement.
- 05/24/2025
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Lyft Has Its Sights Set On Growth Again
- Lyft remains an attractive small-cap pick, boasting strong bookings growth and new market expansion, despite recent stock outperformance. The company recently acquired the German taxi-hailing app FREENOW, marking the company's first major expansion outside of the U.S. and Canada. Product differentiation through partnerships and new features like Lyft Silver enhances its competitive position versus Uber and other rivals.
- 05/23/2025
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Lyft's AV Plans, Rider Increase, Ads Drive Fuel Up To 70% Upside: Analyst
- Tigress Financial analyst Ivan Feinseth maintained Lyft LYFT with a Buy and raised the price target from $26 to $28 on Wednesday.
- 05/21/2025
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Is Lyft's Low Valuation An Investment Opportunity?
- Lyft (NASDAQ: LYFT) reported robust Q1 2025 results, showing ongoing operational and financial momentum. Gross bookings grew by 13% year-over-year (y-o-y) to $4.2 billion, while revenue increased 14% to $1.5 billion.
- 05/21/2025
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Best Stock to Buy Right Now: Uber vs. Lyft
- Uber Technologies (UBER 0.72%) and Lyft (LYFT -0.12%) have been longtime competitors in the ride-sharing space. They've done a great job revolutionizing the mature taxi industry through technology.
- 05/20/2025
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Tesla & Lyft Could Be Future Rivals: Ride-Share Drivers Can Make $2,000 With An EV And 100 Rides
- Tesla Inc TSLA and Lyft Inc LYFT could be rivals in the future, with ride-share drivers and autonomous vehicles competing against each other to get consumers in vehicles.
- 05/19/2025
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Best Gig Economy Stocks to Monitor Amid its Growing Popularity
- The gig economy offers multiple advantages. If you wish to make the most of this rising trend, focusing on stocks like AMZN, LYFT and ANGI appears prudent.
- 05/15/2025
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Uber vs. Lyft: What's the Better Buy?
- There are many notable ‘duos' in the market, a list that includes Uber Technologies UBER and Lyft LYFT. Both companies facilitate the same type of service, though UBER's reach does extend to food delivery and others as well.
- 05/13/2025
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LYFT Q1 Earnings & Revenues Miss, Gross Bookings Rise Y/Y
- LYFT's first-quarter 2025 earnings and revenues improve year over year.
- 05/13/2025
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Lyft: Profitability Milestone and Buyback Fuel Investor Optimism
- The ride-sharing company's achievement of GAAP profitability, healthy free cash flow generation, and an upsized share repurchase program are signaling to investors that the company may be at a potential turning point.
- 05/13/2025
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Stock Of The Day: Where Will The Lyft Breakout End?
- Shares Lyft, Inc. LYFT continue to move higher Monday. The company reported better than expected earnings.
- 05/12/2025
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Lyft-ing Off: Solid Growth Makes It A Buy, But Uber Is The Better Long-Term Bet
- Lyft, Inc.'s Q1 2025 earnings showed strong growth with net revenue at $1.45 billion and adjusted EBITDA at $106.5 million, leading to a 28% stock surge. Despite recent gains, Lyft's long-term performance lags behind Uber, remaining 79% below its IPO price, while Uber has nearly doubled. Lyft's acquisition of FreeNow raises concerns about their understanding of the European market and the realistic total addressable market for ride-hailing services.
- 05/12/2025
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Uber VS. Lyft Earnings: ETFs in Focus
- Earnings releases led to a slump in Uber shares and a surge in Lyft shares last week. Outlook for both look decent.
- 05/12/2025
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Lyft Stock Still Has 10x Potential After Massive Spike
- Lyft (LYFT 27.96%) stock jumped 28% on Friday after an earnings report that shouldn't have been a big surprise for investors. But the company continues to grow and announced an aggressive buyback plan that could help shares.
- 05/10/2025
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Why Lyft Stock Is Skyrocketing Today
- Shares of Lyft (LYFT 27.96%) are surging on Friday. The ride-sharing company's stock gained 27.4% as of 3:25 p.m.
- 05/09/2025
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Live Nasdaq Composite: Markets Rise as China Tariffs Do This
- Live Updates Live Coverage Updates appear automatically as they are published. Buy the Rumor 1:41 pm by Gerelyn Terzo Bank of America has issued a report advising investors to buy the trade deal anticipation but sell the news. BofA Chief Investment Strategist Michael Hartnett wrote, “Oversold equities have correctly front-run Q2 trade deals/lower tariffs. We expect ‘buy the expectation, sell the fact,’ stocks fade into the trade deals.” The White House is expected to meet with China officials on potentially reaching a trade agreement over the weekend. Stocks remain lower out of caution. Markets Hold Back 12:09 pm by Gerelyn Terzo China’s government officials have come out swinging against the White House, saying they strongly opposes what they described as “U.S. abuse” of reciprocal tariffs. Earlier today, President Trump revealed that he was willing to reduce tariffs on China imports to 80% from a triple-digit percentage level. Washington, D.C. and Beijing officials are set to come to the negotiating table this weekend. Stocks are lower on the trade deal uncertainty. Markets Reverse Course 10:52 am by Gerelyn Terzo The stock market has reversed course, leaving all three of the major stock market averages in the red after coming out of the gate higher on China trade deal hopes. Traders and investors appear to be playing it cautiously until the White House and Beijing sign on the dotted line. Market declines are modest, including a 0.07% drop in the Nasdaq Composite. At this rate, stocks are likely to continue meandering between positive and negative ground for now. Weekly Performance 9:44 am by Gerelyn Terzo The Nasdaq Composite is on pace for a fractional gain today and has advanced a more impressive 7.9% over the past month. Year-to-date, the tech-heavy index is still lower by 6%. Over the past five trading sessions, Broadcom (Nasdaq: AVGO) has gained 5% while Apple (Nasdaq: AAPL) has lost 7.4%. This article will be updated throughout the day, so check back often for more daily updates. The markets are looking to end the week on a positive note after getting some good news on the trade war. President Trump revealed that he is willing to slash tariffs on China imports from a triple-digit percentage to 80%, saying that level seems appropriate as the White House gears up for talks with Beijing. Stocks appear to be cautiously optimistic on the development, with all three of the major stock market averages headed higher this morning. While China has been the wildcard, the Trump administration suggested that multiple agreements are being reached with U.S. trade partners, injecting further optimism into these markets. Most sectors of the economy are seeing green, led by the energy, consumer discretionary and technology sectors. Magnificent Seven stocks are lifting the Nasdaq Composite higher, including a 1% gain in Amazon (Nasdaq: AMZN) and 2.5% jump in Tesla (Nasdaq: TSLA). The Dow Jones Industrial Average is also getting a pop from Boeing (NYSE: BA) stock on a strong Dreamliners jet order from the British Airways parent company. BA stock is up 1.4%. Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: Up 114.55 (+0.26%) Nasdaq Composite: Up 102.00 (+0.57%) S&P 500: Up 24.36 (+0.41%) Market Movers Palantir Technologies (Nasdaq: PLTR) might be a volatile play, but that is what it takes to trade as one of the leading tech stocks. As of yesterday, Palantir has muscled its way into the top 10 most valuable technology plays in the U.S. market, boasting a market capitalization of $281.1 billion. By way of comparison, Salesforce’s (NYSE: CRM) market cap currently hovers at a lesser $268.4 billion. PLTR stock is down 1% today on profit taking. Ad-tech platform The Trade Desk (Nasdaq: TTD) is soaring 22.8% today after reporting strong Q1 results. Revenue ballooned by 25% to $616 million. Earlier this month, RBC maintained a buy rating on the stock with a price target of $85 per share, reflecting upside potential of 41%. Lyft (Nasdaq: LYFT) stock is rising today after lifting its Q2 forecast and initiating a $750 million share buyback program. Most Wall Street analysts have a “hold” rating on the stock. Coinbase (Nasdaq: COIN) is taking a breather after announcing a blockbuster deal to acquire options trading platform Deribit in a $2.9 billion deal, thrusting it into the crypto derivatives realm. The post Live Nasdaq Composite: Markets Rise as China Tariffs Do This appeared first on 24/7 Wall St..
- 05/09/2025
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S&P 500 INDEX (SPX) Live: Broader Markets Rise on Trade Deal Domino Effect
- Live Updates Live Coverage Updates appear automatically as they are published. BofA: Buy the Rumor, Sell the News 1:50 pm by Gerelyn Terzo Bank of America has published a report urging investors to buy the trade deal anticipation but sell the news. BofA Chief Investment Strategist Michael Hartnett warned that the trade deal details could revert back to Liberation Day levels, writing, “Oversold equities have correctly front-run Q2 trade deals/lower tariffs. We expect ‘buy the expectation, sell the fact,’ stocks fade into the trade deals.” The White House is expected to meet with China officials on potentially reaching a trade agreement over the weekend. Stocks remain under pressure as the markets err on the side of caution. Trade Deal Uncertainty 12:11 pm by Gerelyn Terzo China’s commerce minister has come out swinging against the White House, saying the nation strongly opposes what he described as “U.S. abuse” of reciprocal tariffs. Earlier today, President Trump proved that he was willing to lower tariffs on China imports to 80% from a triple-digit percentage level. Washington, D.C. and Beijing officials are expected to come to the negotiating table over the weekend. Stocks are under pressure on the trade deal uncertainty. Aimless Markets 11:07 am by Gerelyn Terzo Today’s gains have faded as traders hold out for closure on a trade agreement between the U.S. and China. The three major indices are now trading mixed, including a 0.06% gain in the S&P 500, 0.13% gain in the Nasdaq Composite and 0.13% decline in the Dow Jones Industrial Average. Markets are likely to continue trading aimlessly until the White House and Beijing sign on the dotted line. S&P 500 This Week 10:15 am by Gerelyn Terzo Despite today’s gains, the S&P 500 remains modestly lower for the week, with a 0.06% decline as of Friday morning. There’s still time for the index to push even higher, especially if the White House announces further tariff agreements with international trade partners. CNBC reported that the broader market index remains mired below a key resistance level, making it difficult for it to break out higher. This article will be updated throughout the day, so check back often for more daily updates. Tariffs are having a live by the sword, die by the sword effect, and today that is translating to gains. President Trump revealed that he is willing to slash tariffs on China imports from over 100% to 80%, saying that level seems reasonable as Washington, D.C. gears up for negotiations with Beijing. Stocks are rightfully cautiously optimistic on the development, with all three of the major stock market averages headed higher this morning but keeping it modest. The SPX ETF is gaining 0.25% as of morning trading. China could be the first of many tariff deals in the works with U.S. trade partners, according to the White House, further lifting market sentiment. Most sectors of the economy are moving higher, led by the energy, consumer discretionary and technology sectors. Magnificent Seven stocks are participating in the gains, with Amazon (Nasdaq: AMZN) rising 1% while Tesla (Nasdaq: TSLA) is adding 6.8%. TSLA stock is on its way to reclaiming a $1 trillion market cap. The Dow Jones Industrial Average is being lifted in part by Boeing (NYSE: BA) stock on a desirable Dreamliners jet order from the British Airways parent company. BA stock is up 1.4%. Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: Up 82.49 (+0.20%) Nasdaq Composite: Up 114.14 (+0.63%) S&P 500: Up 22.51 (+0.40%) Market Movers Palantir Technologies (Nasdaq: PLTR) might be a volatile play, but it’s also one of the leading tech stocks. As of Thursday, Palantir was added to the top-10 most valuable technology plays in the U.S. market, with a market capitalization of $281.1 billion. Comparatively, Salesforce’s (NYSE: CRM) market cap currently hovers below that level at $268.4 billion. PLTR stock is taking it on the chin today, down fractionally. Ad-tech platform The Trade Desk (Nasdaq: TTD) is skyrocketing by over 20% today after reporting strong Q1 results. Revenue soared by 25% to $616 million. Earlier this month, RBC maintained a buy rating on the stock with a price target of $85 per share, reflecting upside potential of 41%. Lyft (Nasdaq: LYFT) stock is climbing 20.3% higher today after lifting its Q2 forecast and initiating a $750 million share buyback program. Most Wall Street analysts have a “hold” rating on the stock. Expedia Group (Nasdaq: EXPE) is down 7.3% on the day on a Wall Street downgrade to “underweight” by Piper Sandler analysts. The post S&P 500 INDEX (SPX) Live: Broader Markets Rise on Trade Deal Domino Effect appeared first on 24/7 Wall St..
- 05/09/2025
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Lyft CEO: Self-Driving Taxis to Be Part of Fleet Someday
- Lyft CEO David Risher discusses the ride-hailing company's growing bookings and how Lyft is investing in new markets. Risher joins Caroline Hyde and Ed Ludlow on “Bloomberg Technology.
- 05/09/2025
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Lyft Is Executing Well But Analysts Caution About Uber And Waymo Competition
- Lyft LYFT stock was trading higher on Friday after the company reported better-than-expected first-quarter results and announced a $750 million share buyback plan on Thursday.
- 05/09/2025
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Stock Movers: Lyft Surges, Pinterest Rises, 1-800-Flowers Shares Plunge
- Get more equity coverage like this on the Stock Movers podcast from Bloomberg, featuring five-minute episodes on the winners and losers in the stock market. Subscribe here: https://link.podtrac.com/h0zn7xir On this episode of Stock Movers: • Lyft (LYFT) shares surged on results that were released after the bell on Thursday.
- 05/09/2025
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How does Lyft compete with its competitors? We 'obsess over our customers,' CEO says
- Shares of ride-hailing giant Lyft are rising as high as 20% Friday morning after the company narrowly missed earnings estimates ($1.45 billion vs. forecasts of $1.47 billion) and posted a profit of $0.01 per share (a loss of $0.68 per share was forecasted).
- 05/09/2025
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Lyft CEO David Risher: We aren't seeing 'anything to worry about' with the consumer
- Even amid uncertainty, Lyft's CEO says the company isn't seeing "anything to worry about."
- 05/09/2025
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Analyst urges investors to act as Lyft stock soars on buyback announcement
- Lyft Inc (NASDAQ: LYFT) rallied more than 20% on Friday morning after reporting its financial results for the first quarter that topped Street estimates on most fronts. But factors beyond the numbers are contributing to the rise in LYFT shares.
- 05/09/2025
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Lyft Stock Pops 19% as Buyback, Ride Metrics Impress Wall Street
- Lyft Inc (NASDAQ:LYFT) stock is up 19.5% to trade at $15.54 at last glance, after the ride-sharing company increased its share buyback program to $750 million.
- 05/09/2025
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Lyft Stock Surges 22% After Earnings. It's Not Uber but That's OK.
- Lyft faces stiff competition in the ride-sharing market, but one analyst sees an attractive buying opportunity.
- 05/09/2025
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TTD Post-Earnings Breakout, LYFT Stock Accelerates, PINS Soars
- It's all green arrows on this morning's earnings movers. The Trade Desk (TTD) was the biggest winner Friday morning, up over 20% following its latest earnings report.
- 05/09/2025
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S&P500 Today: Lyft Soars, Pinterest Pops as US Stocks React to Trade Forecast
- US stocks rise as trade optimism boosts sentiment. S&P500 climbs with Lyft, Pinterest, and Microchip among hot stocks to watch heading into China talks.
- 05/09/2025
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US Stocks Higher; Lyft Posts Upbeat Earnings
- U.S. stocks traded higher this morning, with the Nasdaq Composite gaining around 0.5% on Friday.
- 05/09/2025
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Lyft shares pop 20% after buyback; CEO says there are no signs of worry in the consumer
- Lyft CEO David Risher told CNBC's "Squawk Box" that the company isn't seeing "anything to worry about" with the consumer. The ride-sharing company upped its share buyback plan to $750 million and posted better-than-expected gross bookings.
- 05/09/2025
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Lyft CEO David Risher on the consumer: Not seeing anything to worry about so far
- Lyft CEO David Risher joins 'Squawk Box' to discuss the quarterly earnings results, strength of the consumer, growth outlook, state of the rideshare competition, the company's robotaxi plans, and more.
- 05/09/2025
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Activist investor Engine Capital ends campaign at Lyft, withdraws board nominees
- Engine Capital said on Friday it would end its activist campaign at Lyft and withdraw its board nominees after the ride-hailing platform boosted its stock buyback program.
- 05/09/2025
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Engine Capital Concludes Campaign at Lyft Following Productive Engagement on Capital Allocation Initiatives
- NEW YORK--(BUSINESS WIRE)--Engine Capital LP (together with its affiliates, “Engine” or “we”) today announced that it is withdrawing its nomination of candidates for election to Lyft, Inc.'s (NASDAQ: LYFT) (“Lyft” or the “Company”) Board of Directors (the “Board”) at the 2025 Annual Meeting of Shareholders following its engagement with the Company. Arnaud Ajdler, Founder and Portfolio Manager of Engine, commented: “We appreciate the Board's willingness to engage with us about steps that can be.
- 05/09/2025
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Lyft's Q1 results: Signs of stabilisation, but still trailing Uber's broader game
- Lyft Inc's (NASDAQ:LYFT) latest earnings offered investors a glimmer of optimism. A modest earnings beat, slightly stronger-than-expected gross bookings, and a confident second-quarter outlook all contributed to a 7.3% share price bump in after-hours trading.
- 05/09/2025
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Lyft, Inc. (LYFT) Q1 2025 Earnings Call Transcript
- Lyft, Inc. (NASDAQ:LYFT ) Q1 2025 Earnings Conference Call May 8, 2025 5:00 PM ET Company Participants Aurelien Nolf - VP, FP&A and IR David Risher - CEO Erin Brewer - CFO Conference Call Participants Brad Erickson - RBC Capital Markets Ken Gawrelski - Wells Fargo Eric Sheridan - Goldman Sachs Ben Black - Deutsche Bank Michael Morton - MoffettNathanson Nikhil Devnani - Bernstein Stephen Ju - UBS Doug Anmuth - JPMorgan Steven Fox - Fox Advisors Operator Good afternoon, and welcome to the Lyft First Quarter 2025 Earnings Call. At this time, all participants are in listen-only mode to prevent any background noise.
- 05/08/2025
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Here's What Key Metrics Tell Us About Lyft (LYFT) Q1 Earnings
- While the top- and bottom-line numbers for Lyft (LYFT) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 05/08/2025
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Lyft (LYFT) Misses Q1 Earnings and Revenue Estimates
- Lyft (LYFT) came out with quarterly earnings of $0.19 per share, missing the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.15 per share a year ago.
- 05/08/2025
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US stocks rally on trade optimism, Gates Foundation to close in 2045, Lyft stock rallies on earnings
- Gates Foundation CEO Mark Suzman discusses the foundation's accomplishments, why it will be closing, the decline in giving, and Bill Gate's decision to donate 99% of his wealth. Also, Lyft stock rises following earnings.
- 05/08/2025
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This metric is what sent Lyft stock surging after reporting earnings
- Asking for a Trend Host Josh Lipton sits down with Roth MKM managing director and senior research analyst Rohit Kulkarni to discuss Lyft's earnings print, its outlook, and how the company stacks up compared to Uber (UBER). To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here: https://finance.yahoo.com/videos/series/asking-for-a-trend/ #yahoofinance #lyft #stockmarket #stocks #investing #youtube #news #earnings About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- 05/08/2025
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Lyft shares spike on Q1 results
- CNBC's Pippa Stevens joins 'Closing Bell Overtime' to talk Q1 results.
- 05/08/2025
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Lyft stock rises on bigger buyback, strong outlook for demand
- Ride-hailing app Lyft Inc. on Thursday offered up a second-quarter forecast for a key demand metric that came in slightly above Wall Street's expectations, and its board approved an increase to its stock buyback plans based on what it characterized as strong demand.
- 05/08/2025
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Lyft shares rise as company ups buyback to $750 million
- Lyft shares jumped 5% after the company lifted its share buyback plan to $750 million in its first quarter earnings report.
- 05/08/2025
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Lyft Swings to Profit Amid Increase in Ridership
- San Francisco-based company said rides grew 16% year over year, to 218.4 million, ahead of analyst views for 215.1 million.
- 05/08/2025
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Kodiak Appoints Two New Board Members in Preparation for Public Listing via Business Combination with Ares Acquisition Corporation II
- Ken Goldman served as CFO for a range of public companies, including Yahoo! and Fortinet, and has served on dozens of boards of directors, in many cases as audit committee chair Former Lyft President Kristin Sverchek brings broad business and corporate governance experience, including scaling Lyft's business, and taking the transportation platform public MOUNTAIN VIEW, Calif.
- 05/07/2025
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Final Trade: US10Y, LYFT, LUV
- The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
- 05/06/2025
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Will Lyft (LYFT) Beat Estimates Again in Its Next Earnings Report?
- Lyft (LYFT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 05/06/2025
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Uber vs. Lyft Earnings Preview: Robotaxi Ambitions in Focus
- As the two ride-sharing giants prepare to unveil their first-quarter results, many questions about future growth, robotaxi ambitions, and the evolving ride-sharing industry will be answered.
- 05/05/2025
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Lyft (LYFT) Earnings Expected to Grow: Should You Buy?
- Lyft (LYFT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 05/01/2025
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Lyft (LYFT) Stock Sinks As Market Gains: Here's Why
- In the closing of the recent trading day, Lyft (LYFT) stood at $12.40, denoting a -1.12% change from the preceding trading day.
- 04/30/2025
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Special Situations Fund Engine Capital Seeks Board Changes at Lyft
- Engine Capital, a special situations fund that invested in Lyft in 2024 and has about a 1% stake in the company, said Tuesday (April 29) that it aims to elect two candidates to the rideshare company's board of directors and address Lyft's “governance and capital allocation shortcomings.
- 04/29/2025
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UBER vs. LYFT: Which Ride-Hailing Stock is a Stronger Play Now?
- Amid tariff concerns, let's see which ride-hailing company, Uber or Lyft, is a better pick now.
- 04/29/2025
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Engine Capital pushes Lyft to explore strategic options, possible sale
- Activist investment firm Engine Capital pushed ride-sharing platform Lyft on Tuesday to consider strategic alternatives, including a sale, amid a proxy battle.
- 04/29/2025
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Engine Capital Issues Presentation Highlighting the Case for Boardroom Change at Lyft and Opportunities for Meaningful Value Creation
- NEW YORK--(BUSINESS WIRE)--Engine Capital LP (together with its affiliates, “Engine” or “we”), which owns approximately one percent of the outstanding common shares of Lyft, Inc. (NASDAQ: LYFT) (“Lyft” or the “Company”), today released a presentation that details the need for governance and capital allocation enhancements at Lyft. Engine has also filed a definitive proxy statement with the U.S. Securities and Exchange Commission. As a reminder, Engine is seeking to elect two highly qualified an.
- 04/29/2025
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Mobileye's Robotaxi Push Gains Speed With Uber And Lyft, But Analyst Cuts 2026 Forecast On Tariff-Led SuperVision Delays
- Needham analyst Quinn Bolton reiterated the Buy rating on Mobileye Global Inc. MBLY, lowering the price forecast from $20 to $18.
- 04/25/2025
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Lyft CEO David Risher: Surge Pricing ‘Deeply Unpopular' With Customers
- Lyft found that surge pricing is “deeply unpopular” with customers, CEO David Risher said in his annual letter to shareholders, released Thursday (April 24). Surge pricing, which the rideshare company calls Prime Time or PT, balances supply and demand by raising prices when demand is high, thereby incentivizing more drivers to get online, according to the letter.
- 04/25/2025
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Final Trade: Nike, Meta, Lyft, Uber
- The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
- 04/24/2025
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Lyft to Start Adding Licensed Taxis to Rideshare Platform
- Lyft is set to start rolling out a feature that will let riders opt in to be matched with a licensed taxi when that vehicle can get there faster than a rideshare one. The company will launch this feature in St.
- 04/24/2025
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Former Lyft President Kristin Sverchek Joins Deep Fission's Advisory Board to Help Guide Growth, Regulatory, and Public Impact
- BERKELEY, Calif.--(BUSINESS WIRE)--Deep Fission Inc. (Deep Fission), an advanced nuclear energy company burying small modular reactors a mile underground for cheaper, faster, and more scalable deployment, is proud to announce that Kristin Sverchek has joined its Advisory Board. Kristin's deep expertise in governance and public engagement will be integral as the company works to advance regulatory pathways, bolster public confidence in nuclear energy, and bring its urgently needed technology to.
- 04/24/2025
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Lyft Scales Into Europe: Can It Take Market Share From Uber?
- When you think of ride-hailing, Uber Technologies Inc. NYSE: UBER likely comes to mind, followed by the distant second player in the duopoly, Lyft Inc. NASDAQ: LYFT. The ride-hailing/rideshare market is a two-horse race.
- 04/24/2025
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Lyft Is Making A Comeback: Why Shares Are A Must-Buy Now
- Lyft's fundamentals remain strong with U.S. ride pricing recovering and Q1 2025 DAUs growing 5% YoY, suggesting stable revenue outlook. The $200 million Freenow acquisition doubles Lyft's addressable market in Europe, adding €1 billion in annual bookings, but buybacks might have been more accretive. I project Lyft to generate $1.5 billion in free cash flow by 2027, making its current valuation of 3x 2027 FCF highly attractive.
- 04/22/2025
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Hitching A Bargain Ride With Lyft
- Lyft stock is undervalued, trading at less than 1X P/S and around 8X P/E, despite over 20% YoY revenue growth and recent profitability. Ride-sharing isn't a winner-takes-all business; Lyft's focused, customer-centric strategy and market dynamics ensure its survival against Uber. Robotaxis will complement, not disrupt, ride-sharing; partnerships like Lyft with Mobileye highlight synergies and operational necessities.
- 04/22/2025
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Sen Elizabeth Warren, Boston Fed's Susan Collins, & Lyft CEO: Leaders talks tariffs & growth
- 0:00 intro 0:22 Lyft CEO 07:40 Hyundai Motor Americas COO 14:24 Kia America COO 20:59 Stew Leonard 28:23 Boston Fed President Susan Collins 37:25 Senator Elizabeth Warren (D-MA) Lyft CEO David Risher joins Catalysts host Madison Mills to discuss why now is the right time to take the company global. Risher also talks about plans for growth and why Lyft (LYFT) is making its biggest international move yet with its purchase of European taxi app FREENOW in a $200 million deal that opens the company to over 150 cities across nine countries.
- 04/19/2025
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Is Lyft Set for Huge Growth With Europe Expansion?
- Lyft (LYFT 2.81%) is acquiring a taxi app in Europe. This may seem like an odd addition to the business, but Travis Hoium explains why it's a perfect strategic fit in this video.
- 04/18/2025
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FreeNow acquisition, analyst optimism support Lyft's long-term outlook, though competition threats loom
- Lyft is positioning itself for a larger role in the global rideshare market, even as analysts remain divided on its near-term outlook amid rising competition and macroeconomic uncertainty. A new strategic acquisition, coupled with growing ridership and improving margins, underscores the company's ambition to rebound from a turbulent few years.
- 04/16/2025
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Lyft Buys Into Europe
- Lyft CEO David Risher details their expansion into Europe, announcing a nearly $200M deal to purchase FreeNow. He joins Ed Ludlow on "Bloomberg Technology" to discuss.
- 04/16/2025
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Lyft goes global, tariff impact on autos
- Catalysts host Madison Mills takes a look at some of the top stories of April 16, 2025. Lyft CEO David Risher joins the show to discuss the company going international.
- 04/16/2025
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Lyft Pays $197 Million to Pick Up German Taxi App FreeNow
- Lyft is expanding into Europe with its $197 million purchase of taxi app FreeNow. The deal, announced Wednesday (April 16), will see Lyft acquire the Germany-based company from BMW and Mercedes-Benz Mobility.
- 04/16/2025
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Lyft CEO: Now's the time for us to go global
- Lyft (LYFT) is making its biggest international move yet with its purchase of European taxi app FREENOW in a $200 million deal that opens the company to over 150 cities across nine countries. Lyft CEO David Risher joins Catalysts host Madison Mills to explain why now is the right time to take the company global.
- 04/16/2025
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Lyft enters Europe with FREENOW acquisition
- Lyft Inc (NASDAQ:LYFT) on Wednesday announced it is acquiring the European multi-mobility app FREENOW from BMW Group and Mercedes-Benz Mobility for €175 million (US$197) million in cash. The acquisition marks Lyft's largest move beyond North America, expanding its presence to nine European countries and more than 150 cities.
- 04/16/2025
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Lyft to buy taxi app FREENOW for $197M to enter Europe
- Ride-hailing giant Lyft said it has agreed to acquire FREENOW, a German multi-mobility app with ride-hail at its core, from BMW and Mercedes-Benz Mobility for about $197 million in cash.
- 04/16/2025
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Lyft Stock Rises on Acquisition News
- LYFT Inc (NYSE:LYFT) stock was last seen 1.7% higher premarket, after announcing its first European acquisition -- a $199 million deal to purchase Hamburg-based ride-hailing platform FreeNow from BMW and Mercedes-Benz.
- 04/16/2025
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Lyft investor Engine Capital to name board nominees in start to proxy battle
- Activist investor Engine Capital is gearing up for a proxy battle at Lyft , as it prepares to nominate two directors to the board of the ride-hailing company.
- 04/16/2025
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Lyft CEO David Risher: $200M FreeNow acquisition 'makes us a global company'
- Lyft CEO David Risher joins 'Squawk Box' to discuss the company's expansion into Europe, acquisition of the European taxi-hailing app Freenow, state of the consumer,
- 04/16/2025
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Engine Capital Nominates Two Highly Qualified and Independent Candidates for Election to Lyft's Board of Directors at the 2025 Annual Meeting
- NEW YORK--(BUSINESS WIRE)--Engine Capital LP (together with its affiliates, “Engine” or “we”), which owns approximately one percent of the outstanding common shares of Lyft, Inc. (NASDAQ: LYFT) (“Lyft” or the “Company”), today announced that it is filing a preliminary proxy statement in connection with its nomination of two highly qualified and independent candidates – Alan L. Bazaar and Daniel B. Silvers – for election to the Company's Board of Directors (the “Board”) at the 2025 Annual Meetin.
- 04/16/2025
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Lyft to enter European market with $200 million FreeNow acquisition
- Lyft is buying mobility platform FreeNow from German automotive giants BMW and Mercedes-Benz for 175 million euros ($198.40 million) to expand into the European ride-hailing market, the U.S. company said on Wednesday.
- 04/16/2025
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Lyft to buy taxi app Free Now for $200 million to expand into Europe
- Ride-hailing firm Lyft is buying European taxi app Free Now for $199 million. The acquisition — Lyft's first in Europe — is expected to close in the second half of 2025.
- 04/16/2025
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Lyft Expands in Europe, Diversifies by Acquiring FREENOW
- SAN FRANCISCO & HAMBURG, Germany--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT), a leading ride hailing marketplace, today announced it has entered into a definitive agreement to acquire FREENOW, a leading European multi-mobility app with a taxi offering at its core, from BMW Group and Mercedes-Benz Mobility for approximately €175 million or $197 million* in cash. FREENOW will continue operating as it does today, with its talented leadership team and employees in place to drive growth across 9 cou.
- 04/16/2025
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Lyft and StackAdapt Drive Innovation in Locally Relevant Advertising
- TORONTO--(BUSINESS WIRE)--StackAdapt (www.stackadapt.com), the leading multi-channel advertising platform, has partnered with Lyft Media to launch programmatic in-app advertising within the Lyft app. Through a strategic partnership with Kevel, the leading provider of API-based media ad serving technology, this collaboration grants StackAdapt clients access to Lyft's premium US in-app ad inventory, creating a unique opportunity for brands, agencies, and merchants to connect with millions of Lyft.
- 04/10/2025
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Lyft Stock Downgraded On Autonomous Vehicle Risk From Waymo, Tesla Competition
- BofA Securities analyst Michael McGovern downgraded Lyft, Inc's LYFT rating to Underperform from Buy and cut the price forecast to $10.50 from $17.50 on Thursday.
- 04/03/2025
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Lyft Stock Is Double-Downgraded to Underperform. Waymo Presents ‘Substantial AV Risk,' Says BofA.
- Lyft's aspirations in the autonomous vehicle market are challenged by stiff competition, analysts say.
- 04/03/2025
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Best Stock to Buy Right Now: Uber vs. Lyft?
- When it comes to ride-sharing in the U.S., there are only two choices for consumers and investors: Uber (UBER 0.24%) and Lyft (LYFT 2.99%).
- 04/02/2025
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Lyft (LYFT) Suffers a Larger Drop Than the General Market: Key Insights
- Lyft (LYFT) closed the most recent trading day at $12.27, moving -1.76% from the previous trading session.
- 03/26/2025
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Here's Why Lyft (LYFT) is a Strong Value Stock
- Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 03/26/2025
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Final Trade: GOOGL, BA, LYFT, GOLD
- The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
- 03/25/2025
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Lyft: Holding Firm Ground Against Uber
- Shares of Lyft have continued to crash in 2025, pushing the stock to a very cheap ~8x adjusted EBITDA and ~4x FCF multiples. I'm upgrading Lyft to a strong buy, especially on the back of strong Q4 results that showed record-breaking bookings at a 15% y/y growth pace. Lyft's pure rideshare focus is more recession-proof than Uber (as delivery orders are more discretionary), offering stable demand amid potential economic downturns.
- 03/21/2025
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Lyft May Add Autonomous Vehicles to Ridesharing Platform This Summer
- Lyft plans to start adding autonomous vehicles (AVs) to its ridesharing platform as soon as this summer.
- 03/20/2025
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Lyft (LYFT) Rises Higher Than Market: Key Facts
- Lyft (LYFT) reachead $11.72 at the closing of the latest trading day, reflecting a +1.65% change compared to its last close.
- 03/19/2025
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Proposed law to rein in Uber and Lyft surge pricing stalls in Washington state
- Washington state lawmakers have abandoned an attempt to limit the cost of ride-hailing fares during large public events.
- 03/19/2025
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Prediction: Lyft Will Beat the Market. Here's Why.
- Lyft (LYFT -4.32%) has long been the No. 2 in ridesharing, but the company has now built a nice business with optionality to grow in the core business and autonomy.
- 03/19/2025
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"UBER Disruption:" Company's Autonomous Catalyst to TSLA, LYFT & Waymo
- "Millions of consumers rely on Uber," says @LikeFolio's Megan Brantley, which she considers an excellent indicator that Uber Technologies (UBER) remains in good health. Autonomous driving became the biggest disruption to its business, but Megan says the company can leverage that evolving tech through partnerships.
- 03/17/2025
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The S&P 500 Just Hit Correction Territory: Here Are 5 Stocks That Are Simply Too Cheap to Ignore Right Now
- On March 13, the S&P 500 finished the day down 10% from its previous all-time high. This officially pushed the stock market into what's known as "correction" territory, even if this is a misnomer.
- 03/17/2025
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Lyft: Deep Value In Ride Share With GAAP Profitability
- Lyft's stock is undervalued, trading at a steep discount to Uber, despite achieving GAAP profitability and maintaining a strong balance sheet. Wall Street appears concerned with the company's relative underperformance to Uber. Autonomous vehicles pose a significant risk, but at a 0.75x sales multiple, Lyft's valuation appears attractive with a fair value estimate of $17 per share.
- 03/14/2025
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LYFT Shares Fall 13.4% in the Past Month: Should You Buy the Dip?
- With Lyft shares moving south, we asses the investment worthiness of the stock at current levels.
- 03/11/2025
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Lyft Stock: Motley Fool AI Scores Its Bull & Bear Cases
- At the Morgan Stanley 2025 Technology, Media & Telecom Conference on March 4, 2025, Lyft (LYFT 2.73%) CEO David Risher detailed the company's progress and strategic vision. With a Moneyball Superscore of 40/100, Lyft ranks in the lower half of companies, but the company still shows strengths in some areas.
- 03/08/2025
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Lyft, Inc. (LYFT) Presents at Morgan Stanley Technology, Media & Telecom Conference (Transcript)
- Lyft, Inc. (NASDAQ:LYFT ) Morgan Stanley Technology, Media & Telecom Conference March 4, 2025 4:50 PM ET Company Participants David Risher - CEO Conference Call Participants Unidentified Analyst All right. Good afternoon, everyone.
- 03/04/2025
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Has Tipping Gotten Out of Hand? Here Are the Current Social Rules
- If you live in the United States and polled 100 people about something financial that has gotten out of hand lately, I hope tipping is the top answer. We now live in a world where businesses that would have never dreamed of asking for a tip, like a clothing retailer, ask for tips with every transaction. Key Points For better or worse, the tipping culture in America isn’t going anywhere. The reality is that the rise of digital checkouts has only made tipping more pervasive wherever you shop. There are some absolute rules and general guidelines for how much to leave as a tip. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don’t waste another minute; get started by clicking here here.(Sponsor) The massive shift in tipping culture now begs the question of what the new social rules should be. What is the proper etiquette in different establishments? When should or shouldn’t you leave a tip? Unfortunately, the answer isn’t so easy. 20. Why Has Tipping Changed? Many places seem to blame the pandemic as tipping became integral to supporting essential workers. However, one of the more logical reasons is the rise of digital payment systems, which can display a tipping option right in front of customers before they complete their transaction. This has made it easy for businesses to make tipping a focal point of every purchase. 19. What Do Americans Really Think? Most discussions around the tipping culture change point back to a 2023 Pew Research poll that indicates over one-third of all Americans feel it’s “very easy” to know when to tip. Conversely, an equal number of people also claimed that they found it “not too easy or not at all easy” when asked if they know how much to tip in certain situations. Of the 12,000 respondents, 72% indicated they were being asked to tip more frequently than in the past. 18. Is Tipping Here To Say? By all accounts, tipping isn’t going anywhere, and we shouldn’t expect it to disappear overnight. Restaurants could start building the cost of tipping into their prices to pay servers a fair wage, but then higher food prices would turn away customers, so this isn’t a solution. While other countries may not rely so heavily on tipping, expect the US to rely on it for the foreseeable future. 17. Miscellaneous Roles Unsurprisingly, there are a host of roles where a tip might be something you consider but is not required. This might be a job like an exterminator, carpet installer, or window washer. Generally, $10 or $20 is acceptable in these cases, but you don’t need to exceed this number. In the case of a camp counselor or teacher, pool together money with the rest of the parents and provide one significant gift. 16. House Movers If you are moving homes, whether down the street or across the country, these individuals are lifting a lot, and potentially even packing for you. As a result, your tip should be hefty enough to make it meaningful, which is why 15% to 20% of the total move cost is appropriate. 15. Coat Check If you are in a place where a coat check is used, the acceptable norm is likely to be between $1 per coat and $2 if you have a bag. 14. Hotel Housekeeper This isn’t one of those roles that generally gets a tip as sometimes you may never see housekeepers’ work. However, if you can tip a housekeeper in a hotel, the rule of thumb is around $5 per night. 13. Salon At the salon, whether it’s a hair stylist, manicurist, or someone who provides facials, the same general rule is likely to apply. Upwards of 15% to 20% is the socially acceptable norm for any of these roles. 12. Baggage Handler At an airport or hotel, if you are providing your luggage to someone at the curb or inside a hotel lobby, it’s appropriate to generally tip around $1 to $2 per bag, depending on the number of bags. The same rule applies if you also hand your bags to someone at a cruise port. 11. Uber Drivers This applies to both Uber and Lyft, but this is another instance where the proper etiquette would be around 20% of the ride total. You might want to up this amount during a busy time like a concert or sports game where traffic is worse. 10. Grocery Delivery If you use something like Shipt or Walmart+ and have your groceries delivered, someone took a lot of time to get everything you wanted on your list. This is why experts say that 15% or 20% of the order total is the least you can tip. 9. Meal Delivery This is a controversial one as it depends on the kind of delivery driver. Your Amazon delivery driver? No tip is required, but the argument changes if it’s someone from DoorDash or GrubHub. This role is highly dependent on tips, and, as a result, you should tip around 20% or $5, depending on whichever is greater. 8. Coffee Shops This is a tough one because it depends on whether a tip is included on a screen or, in the case of a Starbucks, in a jar sitting at the register. Ideally, experts recommend as much as 15% of the cost of your coffee or latte. Even sticking a dollar in the jar is a welcome gesture. 7. Car Valet If you need a valet for your car at a shopping mall, restaurant, or airport, tipping in this space is expected. Ideally, experts say you should plan to do between $2 and $5 when your car is returned. 6. Babysitter While babysitters might make an agreed-upon hourly wage that varies based on the age of the child and the number of children, tips are not uncommon. Parents who want to keep a babysitter returning regularly should focus on rounding up any totals to try and add a little more to the balance to show appreciation. 5. Tour Guide This is a challenging one because it really depends on how much work the tour guide puts into the tour. A full-day tour? This should have a larger tip than someone who spends an hour working with you. Still, figure between 10 and 20% of the cost. 4. Bar Tabs Generally speaking, if you tip a bartender after closing out a bar tab or even just paying for one drink, think anywhere between 15% and 20% of the total. 3. Spa Services Another important tipping location is for spa service providers, who have long depended on tips as part of their wages. In these cases, experts tend to agree that 20% of the total cost of the spa day is appropriate. 2. Group Dining This is a tough one, as not every restaurant includes a separate check. However, whether you pay as a group with cash or get checks individually, the tip should reflect the same percentage. In other words, it should be roughly 20% of your portion of the bill. 1. Restaurant Tipping In one of the few business types where tipping is not only okay but expected, the same general longstanding amount rules continue to apply. On average, it’s recommended to tip between 18% and 20% of the total bill (including tax). So a $100 restaurant check would require a $20 tip or more, depending on the level of service. The post Has Tipping Gotten Out of Hand? Here Are the Current Social Rules appeared first on 24/7 Wall St..
- 03/03/2025
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3 Companies Buying Back Stock – Why They're Doubling Down
- When investors think of the two main ways they can achieve a return on their investment in the stock market, the classic buying low and selling high are at the top of the list, closely followed by dividend payouts. However, there is a third—much more efficient and beneficial—way that management can reward their shareholders.
- 03/01/2025
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Lyft's 10X Future in AI and Autonomy
- Lyft (LYFT 1.56%) is a sleeper in both autonomy and artificial intelligence (AI). But the company has a clear vision of how to become a leader in the space, dramatically increasing its addressable market.
- 02/28/2025
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Final Trade: IBM, OIH, LYFT, SLB, C
- The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
- 02/27/2025
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5 Top-Ranked Stocks Poised for an Earnings Beat
- Top-ranked stocks Tenet Healthcare (THC), Fortinet (FTNT), Lyft (LYFT), Garmin (GRMN) and Doximity (DOCS) are likely to beat on the bottom line in their upcoming releases.
- 02/25/2025
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LYFT or SHOP: Which Is the Better Value Stock Right Now?
- Investors looking for stocks in the Internet - Services sector might want to consider either Lyft (LYFT) or Shopify (SHOP). But which of these two companies is the best option for those looking for undervalued stocks?
- 02/20/2025
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Have $2,000? These 2 Stocks Could Be Bargain Buys for 2025 and Beyond.
- With the S&P 500 near its all-time highs, it might seem tough for value-seeking investors to find any real bargains. But if we take a closer look, we can still find a lot of unloved stocks that trade at discounts to their growth potential.
- 02/18/2025
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Lyft Stock Is an Incredible Buy After Autonomy Push
- Lyft (LYFT -0.30%) has been on a steady march in improving its financials over the last few years, and that continued in the fourth quarter. But it's the company's upside in autonomy that is most intriguing, which Travis Hoium highlights in this video.
- 02/15/2025
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The Smartest Growth Stock to Buy With $20 Right Now
- Not a lot of stocks can be bought for less than $20, and many sub-$20 stocks are best avoided by most investors. However, there are some good buys under $20 a share, if you know where to look and what to look for.
- 02/15/2025
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Is This Growth Stock Now a Massive Buying Opportunity?
- In this video, I will cover Lyft's (LYFT -1.70%) latest earnings and explain why the market's reaction is wrong. Watch the short video to learn more, consider subscribing, and click the special offer link below.
- 02/13/2025
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Lyft CEO: 'Business Has Never Been Stronger'
- Shares of Lyft 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 CEO David Risher sits down with Bloomberg's Jackie Davalos.
- 02/13/2025
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Lyft CEO: 'We just posted the best results in our history'
- Lyft (LYFT) shares are under pressure after the rideshare company posted quarterly results amid pricing pressure from Uber (UBER). Lyft CEO David Risher joins Market Domination with Julie Hyman and Josh Lipton to discuss the earnings results and explain how Lyft is approaching competition with other rideshare companies.
- 02/12/2025
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Lyft CEO on company's relationship with organized labor
- "We've got a great relationship with organized labor," says Lyft CEO David Risher https://trib.al/ExR4biN
- 02/12/2025
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3 Stocks Plunging After Earnings, Options Traders Respond
- Earnings season can be a double-edged sword.
- 02/12/2025
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LYFT Q4 Earnings Beat, Revenues Miss, Gross Bookings Rise Y/Y
- LYFT's fourth-quarter 2024 earnings and revenues improve year over year.
- 02/12/2025
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Why Lyft Stock Dropped Today
- Shares of ride-sharing platform Lyft (LYFT -2.15%) dropped by more than 16% at one point on Wednesday morning after the company reported its fourth-quarter results Tuesday afternoon. Management's guidance for the current quarter has investors concerned about the competitive landscape.
- 02/12/2025
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Massive Autonomous Driving News That Could Disrupt Tesla's Robotaxi Ambitions
- Lyft (LYFT -6.22%) is taking big steps toward getting autonomous vehicles on the road as early as next year with the help of Mobileye's (MBLY -4.01%) technology. The companies are working together to enable individuals and fleet owners to own autonomous vehicles and make money on the Lyft network, which could launch before Tesla (TSLA 3.17%) gets fully autonomous vehicles on the road.
- 02/12/2025
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Lyft Analysts Weigh Earnings Beat Against Pricing Pressures, Weak Bookings
- Shares of Lyft Inc LYFT were trading lower on Wednesday, despite the company reporting a fourth-quarter revenue beat.
- 02/12/2025
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Lyft has ‘no obvious answers' for its growth woes, as its stock declines
- One issue for Lyft is a downturn in pricing trends, which numerous analysts keyed in on as they looked to make sense of the path forward.
- 02/12/2025
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Lyft shares sink 9% on underwhelming fourth-quarter results
- Lyft shares dropped 9% on lackluster fourth-quarter results and weak bookings guidance as it lowers prices to keep up with competition. Chief Financial Officer Erin Brewer said the company lowered prices and used discounts in the end of the year to keep up with the market.
- 02/12/2025
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SMCI Bullish on NVDA's Blackwell Demand, LYFT's Highs & Lows in Earnings
- Tuesday's after hours earnings proved volatile for investors. Supermicro (SMCI) provided its business update that included preliminary earnings.
- 02/12/2025
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Lyft CEO David Risher on Q4 results: We've never been in a stronger position
- Lyft CEO David Risher joins 'Squawk Box' to discuss the company's quarterly earnings results, 2025 outlook, impact of losing the Delta partnership, the company's autonomous plans, and more.
- 02/12/2025
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Lyft: Mobileye Partnership Could Shift The Competitive Landscape
- Lyft's Q4 earnings were solid, with the company generating strong growth and continuing to improve its margins. Guidance was fairly soft, though. While growth is likely to remain solid in 2025, particularly from high margin revenue sources like advertising, investors appear to be focused on the fact growth is decelerating. Lyft's robotxai partnership with Mobileye could have significant long-term implications, potentially reducing the risk of disruption for incumbent ride-hailing platforms.
- 02/12/2025
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Lyft Tumbles on Disappointing Outlook; JPM Lowers Price Target
- Shares in Lyft (LYFT) are tumbling around 14% in premarket trading Wednesday, after the ride-hailing company projected first-quarter bookings that lagged estimates as a price war with rival Uber Technologies (UBER) persists.
- 02/12/2025
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Teradata Posts Weak Revenue, Joins Lyft, Vertiv, Zillow And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
- U.S. stock futures were lower this morning, with the Dow futures falling around 50 points on Wednesday.
- 02/12/2025
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Lyft shares continue slide after Q4 earnings: here's why the stock is down 14%
- Lyft shares tumbled close to 14% in premarket trading on Wednesday after the company issued weaker-than-expected guidance for first-quarter gross bookings, raising concerns about its ability to compete with larger rival Uber Technologies. The sentiment is also hampered as several analysts have reduced their target price on the stock.
- 02/12/2025
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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.
- 02/12/2025
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Lyft's 2024 Success Driven by Customer Focus, Price Lock Service
- One of the key factors behind Lyft's success in 2024 was its focus on enhancing driver satisfaction and improving service reliability. According to CEO David Risher, the company's “customer obsession” drove this profitable growth.
- 02/11/2025
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Lyft, Inc. (LYFT) Q4 2024 Earnings Call Transcript
- Lyft, Inc. (NASDAQ:LYFT ) Q4 2024 Earnings Conference Call February 11, 2025 5:00 PM ET Company Participants Aurelien Nolf - VP, FP&A and IR David Risher - CEO Erin Brewer - CFO Conference Call Participants Bryan Smilek - JPMorgan Michael McGovern - Bank of America Eric Sheridan - Goldman Sachs Benjamin Black - Deutsche Bank Shweta Khajuria - Wolfe Research Stephen Ju - UBS Michael Morton - MoffettNathanson Rohit Kulkarni - ROTH Capital Nikhil Devnani - Bernstein Operator Good afternoon, and welcome to the Lyft Fourth Quarter and Full Year 2024 Earnings Call. At this time, all participants are in listen-only mode to prevent any background noise.
- 02/11/2025
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Markets Mixed on Powell Testimony, Q4 Earnings
- Tuesday, February 11, 2025 Market indexes were mixed today, after seeing all the majors in the red before the opening bell. The Dow closed up +123 points, +0.28%, while the S&P 500 squeaked by +2 points.
- 02/11/2025
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Compared to Estimates, Lyft (LYFT) Q4 Earnings: A Look at Key Metrics
- While the top- and bottom-line numbers for Lyft (LYFT) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 02/11/2025
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Lyft (LYFT) Surpasses Q4 Earnings Estimates
- Lyft (LYFT) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.19 per share a year ago.
- 02/11/2025
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Final Trade: ET, UNG, LYFT, DVN
- The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
- 02/11/2025
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Lyft stock drops on Q4 earnings, analyst talks warning signs
- Lyft (LYFT) shares fell sharply in after-hours trading after posting its fourth quarter results. Revenue of $1.55 billion was about in line with the Bloomberg consensus estimate of $1.56 billion.
- 02/11/2025
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EARNINGS ALERT: SMCI, DASH, LYFT, ZG
- Breaking news hits the earnings panel as Supermicro (SMCI) reports its preliminary earnings ahead of its planned business update. Oliver Renick, Caroline Woods and Kevin Green talk about the highly-anticipated numbers following the release of the report.
- 02/11/2025
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Lyft shares sink on Q1 guidance
- CNBC's Deirdre Bosa joins 'Closing Bell Overtime' to talk Lyft earnings.
- 02/11/2025
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Lyft rolls out buyback, but outlook for key demand metric comes up short
- Ride-hailing platform Lyft Inc. on Tuesday rolled out a new buyback program, but its forecast for a key demand metric came in below Wall Street's expectations, as it tries to stay competitive with rival Uber Technologies Inc. on prices and service.
- 02/11/2025
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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.
- 02/11/2025
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Lyft Rides A Bullish Wave Ahead Of Q4 Earnings, But Will Robotaxis Be A Game-Changer?
- Lyft Inc. LYFT is gearing up to report its fourth-quarter earnings after the market on Tuesday, with analysts expecting 22 cents per share in earnings and $1.56 billion in revenue.
- 02/11/2025
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Lyft Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
- Lyft, Inc. LYFT will release its fourth-quarter financial results after the closing bell on Tuesday, Feb. 11.
- 02/11/2025
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Investing in Autonomous: LYFT & MBLY's Partnership, UBER & Tech Behind It
- Late on Monday, Lyft Inc. (LYFT) announced plans to launch robotaxis as soon as 2026 alongside Mobileye (MBLY) and Maurbeni. The deal will compete with Tesla (TSLA) and Alphabet's (GOOGL) Waymo, all while Uber Technologies (UBER) ramps up focus on autonomous tech.
- 02/11/2025
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Lyft to launch Mobileye robotaxis in Dallas in 2026
- Shares of Lyft (LYFT) and autonomous driving developer Mobileye (MBLY) are both rising on Monday after the rideshare giant announced plans to launch robotaxis in Dallas, Texas, through this partnership as early as 2026. Julie Hyman and Josh Lipton report more on this news around Lyft's partnership with Mobileye.
- 02/10/2025
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Final Trade: BABA, Z, LYFT, CCJ
- The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
- 02/10/2025
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Elon Musk Leads $97B Bid for OpenAI, LYFT Eyes 2026 Robotaxi Launch
- The Wall Street Journal reports that an Elon Musk-led group is building a $97.4 billion bid to buy OpenAI. The development comes as Lyft Inc. (LYFT) races for a robotaxi launch in 2026 alongside Mobileye and Marubeni.
- 02/10/2025
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Lyft Reportedly Plans Robotaxi Launch As Soon As 2026
- Lyft is reportedly aiming to bring autonomous robotaxis to its app as soon as next year. The service would launch first in Dallas with additional markets to follow, TechCrunch reported Monday (Feb. 10), citing comments from a company executive.
- 02/10/2025
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Mobileye shares move higher on Lyft deal, analyst upgrade
- Mobileye (NASDAQ:MBLY) shares surged more than 14% after it was announced that Lyft Inc (NASDAQ:LYFT) will launch Mobileye-powered robotaxis in Dallas as soon as 2026. Shares of Mobileye, a leading provider of advanced driver assistance systems (ADAS) and autonomous vehicle (AV) technology, added 14.1% at about $18 late morning, while Lyft stock was up 3.1%.
- 02/10/2025
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Lyft Eyes 2026 Robotaxi Launch Alongside Mobileye and Marubeni. The Stock Rises.
- Lyft says it will bring fully autonomous robotaxis to its app ‘as soon as 2026.'
- 02/10/2025
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Lyft to launch Mobileye powered-robotaxis 'as soon as 2026', TechCrunch reports
- U.S. ride-hailing firm Lyft is planning to launch fully autonomous robotaxis, powered by Mobileye , to its app "as soon as 2026" in Dallas, TechCrunch reported on Monday.
- 02/10/2025
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Lyft to launch Mobileye-powered robotaxis ‘as soon as 2026,' starting with Dallas
- Ride-hail giant Lyft plans to bring fully autonomous robotaxis, powered by Mobileye, to its app “as soon as 2026” in Dallas, with more markets to follow, TechCrunch has exclusively learned.
- 02/10/2025
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Lyft Stock: Buy, Sell, or Hold?
- If you asked the professional analyst community about ride-sharing company Lyft (LYFT 0.71%), they'd collectively tell you that the stock has strong upside potential. As of this writing, the average price target from analysts is $18.69 per share, according to the 32 analysts tracked by TipRanks.
- 02/08/2025
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Final Trade: RSP, LYFT, BABA, DECK
- The final trades of the day with the Fast Money traders.
- 02/07/2025
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3 Growth Stocks Under $20 To Buy Hand Over Fist in 2025
- With the bull market still stampeding higher, the stock market is more expensive than at any time since just before the dot-com implosion in 2000.
- 02/07/2025
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Lyft and Anthropic Partner on AI Products for Ridesharing
- Ridesharing company Lyft and artificial intelligence firm Anthropic said Thursday (Feb. 6) that they are working together to create AI products to serve Lyft's riders and drivers.
- 02/06/2025
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What's Going On With Ride-Hailing Company Lyft's Stocks Today?
- Lyft Inc. LYFT shares are trading higher on Friday.
- 02/06/2025
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Ride-hailing platform Lyft ties up with Anthropic for AI-powered customer care
- Lyft said on Thursday it has tied up with Amazon and Alphabet-backed startup Anthropic to roll out artificial intelligence tools for the ride-hailing platform's customer care operations.
- 02/06/2025
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Lyft (LYFT) Earnings Expected to Grow: Should You Buy?
- Lyft (LYFT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/04/2025
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Lyft (LYFT) Increases Despite Market Slip: Here's What You Need to Know
- Lyft (LYFT) concluded the recent trading session at $13.81, signifying a +1.99% move from its prior day's close.
- 02/03/2025
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Lyft Can Keep Driving Higher
- Lyft Can Keep Driving Higher
- 02/01/2025
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Best Growth Stocks: Uber Stock vs. Lyft Stock
- According to my calculations, Uber (UBER 0.39%) and Lyft (LYFT -0.15%) are undervalued, but only one is the better stock to buy in this comparison.
- 02/01/2025
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Is Lyft an Undervalued Growth Stock?
- Lyft (LYFT 0.97%) has seen its share price decrease due to the increasing risk of driverless cars taking its market share.
- 01/31/2025
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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.
- 01/30/2025
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LYFT vs. SHOP: Which Stock Is the Better Value Option?
- Investors with an interest in Internet - Services stocks have likely encountered both Lyft (LYFT) and Shopify (SHOP). But which of these two companies is the best option for those looking for undervalued stocks?
- 01/30/2025
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Lyft: Strategic Initiatives To Drive Further Growth And Improved Profitability
- In 3Q24, LYFT generated $1.52 billion in revenues, posting a growth of 31.52% y/y and 6.06% q/q. Net margin improved to -0.79% while FCF increased by 70% q/q. Strategic partnerships and initiatives, including collaborations with DoorDash and autonomous vehicle companies, will fuel LYFT's topline growth in FY2025. LYFT's profitability is likely to improve as the company embarks on other initiatives to reduce costs and improve revenue take-rates by reducing incentive expenses.
- 01/30/2025
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Uber, Lyft or transit? The answer appears to align with how people value their time
- Research led by the University of Michigan has arrived at a surprisingly unsurprising result while assessing the sustainability gap between public transit and services like Uber and Lyft, formally known as transport network companies or TNCs.
- 01/29/2025
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Top Gig Economy Stocks to Invest in Right Now
- The gig economy is booming. If you wish to ride on this trend, stocks like Amazon, DoorDash and Lyft are good choices.
- 01/29/2025
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4 Stocks That Are Too Cheap to Ignore
- Buying cheap stocks isn't the secret path to wealth in the stock market. If that was all that investors had to worry about, it would be incredibly easy to make money.
- 01/27/2025
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Lyft To Announce Fourth Quarter and Full-Year 2024 Financial Results
- SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT) (the “Company” or “Lyft”) will release financial results for the fourth quarter and full-year 2024 after the close of the market on Tuesday, February 11, 2025. On the same day, Lyft will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to the live audio webcast, please visit the Company's Investor Relations page at https://investor.lyft.com/. T.
- 01/21/2025
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Billionaire David Tepper Bought These 3 Cheap Stocks
- Big-name investor and hedge fund manager over at Appaloosa David Tepper is one of the billionaires to keep watch of in any given year as he makes bets in corners of the market that may be deep of value.
- 01/21/2025
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Lyft (LYFT) Stock Drops Despite Market Gains: Important Facts to Note
- In the latest trading session, Lyft (LYFT) closed at $13.41, marking a -1.4% move from the previous day.
- 01/17/2025
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Lyft wins dismissal of shareholder lawsuit over earnings report error
- A federal judge on Thursday dismissed a lawsuit accusing Lyft of defrauding shareholders by waiting too long to correct a mistake in an earnings release about a key profit metric, an error that caused the ride-sharing company's stock price to gyrate wildly.
- 01/16/2025
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LYFT vs. TTD: Which Stock Should Value Investors Buy Now?
- Investors looking for stocks in the Internet - Services sector might want to consider either Lyft (LYFT) or The Trade Desk (TTD). But which of these two companies is the best option for those looking for undervalued stocks?
- 01/14/2025
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Lyft's Wildfire Relief Efforts
- As wildfires continue to rage in Los Angeles, Lyft Chief Policy Officer Jerry Golden outlines how the company is efforting ways to help evacuees. He joins Caroline Hyde on "Bloomberg Technology" to discuss.
- 01/13/2025
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Will Lyft (LYFT) Beat Estimates Again in Its Next Earnings Report?
- Lyft (LYFT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 01/13/2025
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Here's Why Investors Should Retain LYFT Stock for Now
- Lyft's top line benefits from robust revenues due to healthy gross bookings. However, high costs are a major headwind.
- 01/09/2025
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Buy, Sell, Or Hold Lyft Stock?
- Behind its simple ride-hailing concept, Lyft (NASDAQ: LYFT) has faced significant financial challenges, including underwhelming earnings and costly customer service investments. The company's stock, despite a recent 10% year-to-date surge to about $14 (Jan. 6), remains almost 80% off its four-year high.
- 01/08/2025
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1 Growth Stock Down 80% to Buy Right Now
- Lyft (LYFT -0.49%), the second-largest ride-hailing company in the U.S., went public on March 29, 2019, at $72 per share. It closed at its record high of $78.29 that same day.
- 01/08/2025
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Delta to link its loyalty program to Uber, ending partnership with Lyft
- Delta Air Lines' SkyMiles members will be able to earn miles for Uber rides starting this spring. With the new deal, the airline is ending an eight-year partnership with Lyft.
- 01/07/2025
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Lyft Analyst Says 'Buy Into The Story' Despite Tesla, Waymo Competition
- Late last month, Lyft Inc LYFT filed a lawsuit against San Francisco for overcharging its ride-hailing services by $100 million in taxes.
- 01/06/2025
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Could This Forgotten Growth Stock Be Your Next 10X?
- In this video, I will cover the recent updates regarding Lyft (LYFT 2.43%). Watch the short video to learn more, consider subscribing, and click the special offer link below.
- 01/06/2025
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Uber and Lyft Prep Driverless Taxis After Abandoning Effort
- After abandoning driverless taxis, Uber and Lyft are reportedly reinvesting in the technology. The two ride-hailing companies are working on plans to have driverless cars — provided by companies such as the Google-owned Waymo — on their apps this year, The Wall Street Journal (WSJ) reported Monday (Jan. 6).
- 01/06/2025
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How Uber and Lyft Are Gearing Up for the Robotaxi Revolution
- After ending their own driverless plans, the ride-sharing companies are embracing autonomous-vehicle operators and offering new app features.
- 01/05/2025
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7 Winner Tech Stocks For 2025
- Now, as we turn our focus to 2025, I remain very optimistic on stocks. However, overall market valuations look somewhat expensive now; and thus, I argue stock picking will be more important in 2025 than in 2024. My top tech tips are Spotify, Roblox, Lyft, Match Group, IBKR, Reddit and Google.
- 01/01/2025
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Here's Why Lyft (LYFT) Fell More Than Broader Market
- Lyft (LYFT) closed the most recent trading day at $12.90, moving -1.15% from the previous trading session.
- 12/31/2024
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Best Stock to Buy Right Now: Uber vs. Lyft
- Uber (UBER -0.59%) and Lyft (LYFT -1.95%) are both synonymous with ride-hailing services. Uber is the market leader in the U.S. and many other countries, while Lyft is an underdog that operates only in the U.S. and Canada.
- 12/30/2024
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Lyft says San Francisco overcharged it $100 million in taxes
- Lyft is suing the city of San Francisco, claiming the city unfairly charged the ride-hailing company over $100 million in taxes, Bloomberg reports. The lawsuit alleges that, over the course of five years, San Francisco unfairly labeled money earned by Lyft drivers as company revenue.
- 12/27/2024
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Why Lyft Stock Could Go Into Overdrive in 2025
- Jack Welch, the longtime CEO of General Electric in the late 20th century, preferred to target the No. 1 and No. 2 companies in an industry when seeking to buy businesses.
- 12/26/2024
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Lyft has sued San Francisco, accusing it of overcharging $100 million in taxes
- Lyft sued San Francisco, saying it was unfairly charged $100 million in taxes from 2019 to 2023. Lyft argues the city's tax formula unfairly includes passenger payments as revenue.
- 12/25/2024
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The Best 10x Opportunity in Ride-Sharing
- Lyft (LYFT 1.46%) is the #2 ride-sharing company in the U.S., but it has a chance to emerge as an industry leader in autonomous driving. Travis Hoium explains why the company's business model could be built for autonomy in this video.
- 12/25/2024
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LYFT or SHOP: Which Is the Better Value Stock Right Now?
- Investors with an interest in Internet - Services stocks have likely encountered both Lyft (LYFT) and Shopify (SHOP). But which of these two stocks offers value investors a better bang for their buck right now?
- 12/23/2024
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Warming Up For Another Run - Upgrading Lyft To A Buy
- I'm upgrading Lyft from sell to buy as I don't see any bad news weighing stock price down and see potential green shoots on the horizon. I'm watching Lyft's strides in partnerships, focusing on DoorDash and new teasers on its work in AV, which I expect to support outperformance in 2025. My core optimism on Lyft is management's focus on customer satisfaction, which I expect will allow them to grow a larger ride base.
- 12/22/2024
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Lyft (LYFT) Sees a More Significant Dip Than Broader Market: Some Facts to Know
- Lyft (LYFT) concluded the recent trading session at $13.58, signifying a -0.22% move from its prior day's close.
- 12/19/2024
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Lyft: Why ~$1.5 Billion Of FCF By 2027 Could Be Possible
- Lyft's Q3 2024 financials show 32% revenue growth and $242.8 million in positive free cash flow, indicating strong underlying profitability despite minimal GAAP profits. Management's 2027 targets include 15% annual gross bookings growth and a 4% Adjusted EBITDA margin, potentially generating nearly $1 billion in FCF; $1.8 billion in FCF for upside case. Autonomous vehicles are unlikely to disrupt Lyft's core business soon; the company can integrate AVs into its existing platform if needed.
- 12/17/2024
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Long Uber, Short Lyft Is Our Best Pair Trade Idea For 2025
- The S&P 500 looks expensive, and we expect finding uncorrelated return streams should be important in 2025. Buying UBER and shorting LYFT could be a good way to expose yourself to a great company while hedging out market risk. LYFT's shares appear cheap, but UBER's dominant market position makes it the clear 'Buy' out of the two.
- 12/12/2024
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Lyft, Inc. (LYFT) Barclays 22nd Annual Global Technology Conference (Transcript)
- Lyft, Inc. (NASDAQ:LYFT ) Barclays 22nd Annual Global Technology Conference December 11, 2024 2:35 PM ET Company Participants Erin Brewer - Chief Financial Officer Conference Call Participants Ross Sandler - Barclays Ross Sandler We are going to get started as people roll in here. Welcome everybody.
- 12/11/2024
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Why Is Lyft (LYFT) Down 12.4% Since Last Earnings Report?
- Lyft (LYFT) reported earnings 30 days ago. What's next for the stock?
- 12/09/2024
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LYFT vs. SHOP: Which Stock Is the Better Value Option?
- Investors with an interest in Internet - Services stocks have likely encountered both Lyft (LYFT) and Shopify (SHOP). But which of these two stocks offers value investors a better bang for their buck right now?
- 12/09/2024
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Uber and Lyft's Robotaxi Demise Might Be Greatly Exaggerated
- A Wall Street analyst defended Uber and Lyft shares on Friday after the stocks posted steep declines on Thursday.
- 12/06/2024
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Uber, Lyft fall sharpy as fully autonomous ride hailer Waymo extends reach
- Legacy ride-hailing services Uber Technologies Inc (NYSE:UBER, ETR:UT8) and LYFT Inc fell sharply on Thursday on news the fully autonomous ride-hailing disruptor Waymo is expanding its fleet to new areas. Waymo, which is owned by Google parent Alphabet Inc (NASDAQ:GOOG), announced the plans to expand its autonomous ride-hailing service, Waymo One, to Miami, with operations set to begin in 2026.
- 12/06/2024
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Uber and Lyft drop on news Waymo is expanding to Miami
- The 'Fast Money' traders talk recent moves in ride sharing stocks as Waymo announces its expanding.
- 12/05/2024
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Lyft CFO to Participate in Fireside Chat Hosted by Barclays
- SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT) announced today that Erin Brewer, Chief Financial Officer, will participate in a fireside chat at the Barclays Annual Global Technology Conference on Wednesday, December 11, 2024 in San Francisco, CA at 11:35 a.m. Pacific Time. A live webcast of the event will be available on the investor relations section of the Lyft website at http://investor.Lyft.com. About Lyft Whether it's an everyday commute or a journey that changes everything, Ly.
- 12/04/2024
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Here's Why Lyft (LYFT) is a Strong Momentum Stock
- Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
- 12/02/2024
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Why Lyft (LYFT) Might be Well Poised for a Surge
- Lyft (LYFT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 11/29/2024
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Move Over, Uber. Billionaire David Tepper Just Raised Appaloosa's Stake in This Other Ride-Hailing Stock By 98%.
- David Tepper is a billionaire hedge fund manager known for founding the Miami-based investment firm Appaloosa Management. Back in September, he sat down for an interview with CNBC during which he expressed an outsized bullish stance on investing in China.
- 11/27/2024
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LYFT Gains 13% Since Posting Q3 Earnings: How Should You Play It?
- Lyft inks a series of deals to gain a foothold in the AV market.
- 11/22/2024
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Are You Looking for a Top Momentum Pick? Why Lyft (LYFT) is a Great Choice
- Does Lyft (LYFT) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 11/22/2024
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Lyft, Inc. (LYFT) presents at RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference (Transcript)
- Lyft, Inc. (NASDAQ:LYFT ) RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference November 19, 2024 2:40 PM ET Company Participants Erin Brewer - Chief Financial Officer Conference Call Participants Brad Erickson - RBC Capital Markets Brad Erickson To the afternoon session. Erin Brewer, with us from Lyft, very please, to have you here.
- 11/19/2024
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Lyft to roll out rider verification badges in safety push
- Lyft is rolling out, among other features, verification badges for riders in a bid to improve safety on the ride-hailing platform, the company said on Tuesday.
- 11/19/2024
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Tesla (TSLA) Price Prediction and Forecast
- As a serial entrepreneur pushing the technology envelope with spacecraft, satellites, cryptocurrency, and celebrity, Elon Musk defies easy categorization. His appearances on the TV shows Saturday Night Live and The Big Bang Theory personalized his odd sense of humor. Musk is most known as the CEO of Tesla (NASDAQ: TSLA) and its rise to becoming the biggest auto manufacturer by market capitalization was nothing short of amazing. Tesla’s IPO was on June 29, 2010 for $17 per share, or roughly $1 when adjusting for stock splits. To put into perspective how much the company has grown since 2010, a $1,000 investment would be worth $203,244.61 today, based on the current share price of $320.72. Regardless, investors are much more concerned with future stock performance over the next 1, 5, and 10 years. While most Wall Street analysts will calculate 12-month forward projections, it’s clear that nobody has a consistent crystal ball, and plenty of unforeseen circumstances can render even near-term projections irrelevant. 24/7 Wall Street aims to present some farther-looking insights based on Tesla’s own numbers, along with business and market development information that may be of help to our readers’ own research. Key Points In This Article Tesla has managed to thrive and boost earnings and revenues even in high-interest climates. Tesla has continued to generate record revenues in spite of softness in the EV industry due to its vertically integrated expansion into related sectors. Besides EVs, Tesla has a robust and profitable battery and storage division, 6,000 locations, a growing chain of charging stations across the US, and a menu of AI developments large enough to qualify it for analyst inclusion in the AI category. Tesla’s Full Self Driving (FSD) AI-powered driverless cars are getting closer to an actual launch for Tesla’s Robotaxi, which would dramatically impact the transportation industry. For our best market-beating stock tips, check out “The Next NVIDIA”. It includes 3 Top Stock Picks poised to take off from the next breakthroughs in AI. One company is a ‘10X Moonshot’ that could become the dominant software play in AI. Tesla Stock News and Updates 11/18/2024 A recent study by iSeeCars has raised concerns about the safety of Tesla vehicles, particularly the Model Y and Model S. Based on NHTSA data, the research indicates that these models have much higher fatality rates compared to the average car. While Tesla vehicles have been known for their advanced safety features, the recent study suggests that the use of Autopilot and Full-Self Driving systems may lead to great driver distraction, contributing to greater risks on the road. 11/15/2024 Billionaire investor Ron Baron has shared that he believes Tesla could skyrocket to a $5 trillion market cap within the next decade. 11/14/2024 Tesla has issued another recall on its electric cybertruck. This is the sixth recall just this year. The defect could potentially cause a loss of driver power, but the company says they will fix it for free. 11/12/2024 Tesla will be releasing a “2024 Holiday” update that promises to improve driving capabilities and overall vehicle safety for winter. The update aims to address cold weather issues and introduce new features for a positive user experience. 11/11/2024 Tesla’s shares continue to soar and are currently at the highest level the company has seen since April 2022. 11/8/2024 According to recent reports, Elon Musk was part of two important calls made by President-elect Donald Trump this week. Musk allegedly spoke to Ukrainian President Volodymyr Zelenskyy as well as Turkish President Recep Tayyip Erdogan. 11/7/2024 Tesla’s shares continue to ride high following Donald Trump’s victory in the U.S. presidential election. In just five days, the company’s shares have soared 20% to hit a new all-time high of over $298. This added $15 to Elon Musk’s net worth, boosting his fortune to an estimated $280.3 billion. 11/6/2024 Tesla’s stock rose 15% today following the U.S. presidential election. Tesla’s CEO, Elon Musk, has been a public supporter of President Trump and has even campaigned with him recently. 11/5/2024 Elon Musk has openly endorsed former President Donald Trump in the recent presidential election. Investors have expressed concerns as to how Tesla’s stock then, may be affected if Trump does not ultimately return to office. Analysts predict that there may be a short slump in Tesla’s stock, but in the long run, it will remain steady. 11/4/2024 Tesla is building an enormous new Supercharger station in Central California with 168 stalls. This will be one of the largest Supercharger stations in the world. It will be located off Interstate 5 at W. Jayne Avenue. 5 to 10 Year Review Tesla’s Supercharger chain of recharging stations numbered 6,000 as of January 2024, in comparison to DOT’s pathetic 7 at a much higher per station cost. After some messy beginnings, which wound up with Musk taking control of Tesla from founders Martin Eberhard and Marc Tarpenning, Musk spearheaded additional fundraising rounds in order to produce the Tesla Roadster. The Roadster’s initial sales were sufficient market proof for Tesla to go public. Over the past 10 years, the company has grown its top line by 44% and EBITDA by 74%, advocating long-term growth and strong fundamentals. Tesla’s progress would hit the following milestones, leading it into profitability in 2020, and never looking back since. EV: The Model S became the best-selling plug-in electric car in both 2015 and 2016. The mass-market Model 3 sedan would follow, and the Model 3 would become the best-selling electric car from 2018 to 2021. The Model Y mass-market SUV version of the Model 3 would make its debut in 2019, with deliveries commencing in 2020. Energy Storage & Gathering: Entering the energy storage market in 2015, Tesla released its rechargeable Powerwall lithium-ion home storage battery and Megapack in 2019, which was designed for large-scale businesses and utility projects. It acquired SolarCity in 2016 for its battery technology to become a key part of its subsidiary Tesla Energy. Tesla Glass became a subsidiary, specifically for providing the glass roofs supplied with the Model 3 and for Tesla’s Solar Shingle panels for solar energy gathering. Charging Stations: Tesla addressed the dearth of charging stations by establishing its North American Charging Standard (NASC). Now known as SAE J3400, NACS has since been adopted by all EV manufacturers in North America for the sake of uniformity, much like the Universal Serial Bus (USB) for computers. Tesla’s Supercharger networks, which launched in 2012, have since expanded to 6,000 stations with 55,000 chargers worldwide as of the beginning of 2024. Fiscal Year Price Revenues Net Income 2015 $16.00 $4.046B -$888.7M 2016 $14.25 $7.000B -$674.9M 2017 $21.60 $11.759B -$1.962B 2018 $21.18 $21.461B -$976M 2019 $29.53 $24.578B -$862M 2020 $235.23 $31.536B $721M 2021 $352.26 $53.823B $5.519B 2022 $123.18 $81.462B $12.556B 2023 $248.48 $96.773B $14.997B 2024 (LTM) $209.21 $95.318B $12.338B Key Drivers for Tesla’s Future Tesla’s Shanghai gigafactory built EVs are made to compete head-to-head with Chinese EVs from manufacturers like Nio. Tesla’s management is cutting manufacturing costs and improving margins, trending with strong revenue and net income gains since 2020. Its Shanghai, China, and Berlin, Germany gigafactories should help Tesla cut a chunk of export-related red tape and tariffs for forthcoming EVs that will result in lower overseas sticker prices and enhanced sales. Thanks to its R&D with FSD and Robotaxis, Tesla is leading nicely ahead of GM’s Cruise and Alphabet’s Waymo. Chinese companies like Apollo Go and WeRide are viewed as better-equipped Robotaxi competitors, in a field that may explode in the upcoming future. Some analysts believe that the Optimus program has been unfairly judged and that its contributions to Tesla will result in additional revenue boosts. Tesla’s Supercharger, energy, and battery businesses have taken off strongly and further separated it from its EV peers as a company with many more technology irons in the fire. Musk’s further development of Grok and X.AI will ostensibly benefit Tesla with cutting-edge AI tools, keeping its competitive advantage over other automobile rivals trying to incorporate AI into their own cars. EV tariffs, regulations, and shifting geopolitical policies and legislation are factors beyond Tesla’s control that can impact the company as well as the EV industry. Stock Price Prediction for 2025 Tesla’s R&D in large storage batteries extends beyond EV use to be marketed also for utility and other large-scale industrial applications. The consensus 12-month price target for Tesla from over 50 different analysts is $212.00 per share, which would calculate year-over-year growth estimates at -33.90%. The analysts are mixed: 11 of them rated Tesla a “buy”, 5 were “outperform”, 20 were “hold”, 4 were “underperform”, and 7 pessimists gave Tesla a “sell” recommendation. 24/7 Wall Street’s 12-month Tesla price projection is $213.20, which would be a -33.52% loss. The mixed opinions likely stem from the unconventional way that Musk runs not only Tesla, but all of his companies. Fears over the potential for a domino effect, if negative events impact one to cause a spillover effect due to his mercurial temperament, are not unfounded. The latter part of 2024 and 2025 looks to be an exciting period for Tesla. The much ballyhooed Robotaxi unveiling has been bumped to October 2024 (although this can wind up even later in 2024 or early 2025, as Musk is notorious for missing date targets). Additionally, Tesla’s FSD version 12.5 will also make its debut. In order to prime the pump to improve acceptability for its autonomous vehicles, Tesla management has already cut the price of FSD (Supervised) in North America and has launched free trials for interested parties. Additionally, Tesla management gave guidance in its July earnings report that the vehicle volume growth rate in 2024 “may be notably lower than the growth rate” last year. The EV giant added that growth in its energy storage business, driven by the buzz over its new 4680 battery cell, which improves vehicle range and lowers costs, should outpace its automotive segment. That trend will likely reverse and balance out in 2025. Tesla’s Next 5 Years’ Outlook 2026: Tesla is also looking to become a major player in other parts of the world. It will have to compete with firms like Nissan, Ford, General Motors, VW, Toyota, Nio, and Xpeng to either become the leaders or stay at the top of the EV market in these areas. Tesla’s Shanghai and Berlin gigafactories were built in 2018 and 2019 to circumvent tariffs and other import obstacles in China and Europe. It appears that Musk’s vision for mass production automation has become a reality in China, where Shanghai gigafactory automation is reportedly up to 95%, and the Berlin gigafactory is building both Tesla Model-Y EVs and batteries at this time. The two factories should be both at full capacity by 2026. EV output should allow Tesla to avoid Chinese and European tariffs, as well as create enough surplus inventory for export to other countries. In fact, the E.U.’s tariff on Chinese EVs has a discount for Chinese-made Model Y imports. Tesla’s Berlin factory is facing some regional friction over the factory’s effect on the environment, with reports of heavy deforestation and water pollution. Tesla will likely need to rectify matters with the German government before it can ramp up to match the China gigafactory’s projections. Assuming that these issues are resolved, 2026 is expected to see Tesla take a jump to $264.20, a -17.62% loss. 2027: Robotics development became an obvious decision as mass production ramped up, although Tesla’s experience was not without its own minefields. One new creation from its robotics work was the Tesla Bot, dubbed “Optimus”. Musk’s enthusiasm for the potential of Optimus is enormous. He stated in the Q2 2024 report some of the following comments: “I think the long-term value of Optimus will exceed that of everything else that Tesla combined…I suspect that the long-term demand for general-purpose humanoid robots is in excess of 20 billion units. And Tesla is — that has the most advanced humanoid robot in the world, and is also very good at manufacturing, which these other companies are not…my rough estimate long-term market cap is on the order of $5 trillion for — maybe more for autonomous transport, and it’s several times that number for general purpose humanoid robots….It’s a wild — very wild future we’re heading for.” The projected commercialization launch of Optimus will likely be 1 of 2 major breakthroughs for Tesla in 2027. The other will be a push towards an official full-scale Robotaxi production and distribution. ARK Invest’s Cathie Woods believes it will start in 2025, but regulatory obstacles will likely not allow it to fully launch until 2027. As a result, EPS is expected to jump almost 50%. A projected price of $393.60 would be a +129 point gain. 2028-29: Cathie Woods also predicted that as much as 90% of Tesla’s enterprise value and earnings will be attributed to the Robotaxi business by 2028-29. This prediction may anticipate a possibility of Uber and Lyft becoming clients or partners, rather than rivals. Musk’s Supercharger network is crucial to the success of a Robotaxi industry in the U.S. since Secretary of Transportation Pete Buttiigieg has basically spent over $1 billion each on just (7) DOT-built recharging stations to date. This is a huge strategic leverage that Tesla can exercise in its favor. In the same period, battery developments, and lower-cost budget EVs should also see releases. 2028’s price target of $392.50 and 2029 at $400.50. Tesla stock in 2030 If Tesla can navigate successfully though the domestic and international regulatory hurdles, 24.7 Wall Street calculates Tesla stock will see a 124% gain in 5 years. Assuming that Tesla is successful in navigating international expansion and can weather the geopolitical issues, the company may realize sufficient diversification in its robotics, AI, energy, and taxi businesses to reduce its current 84% reliance on EVs for its revenues. With the growth trajectories anticipated from these various operational segments, a 2030 all-time high price of $470.00 is in order. Year Normalized EPS P/E Ratio Projected Stock Price 2025 $3.28 65 $213.20 2026 $4.41 60 $264.60 2027 $6.56 60 $393.60 2028 $7.85 50 $392.50 2029 $8.01 50 $400.50 2030 $9.40 50 $470.00 Get Ready To Retire (Sponsored) Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. Here’s how it works: 1. Answer SmartAsset advisor match quiz 2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles. 3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future Get started right here. The post Tesla (TSLA) Price Prediction and Forecast appeared first on 24/7 Wall St..
- 11/19/2024
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Evercore ISI's Mark Mahaney on how self-driving deregulation could impact Uber and Lyft
- Mark Mahaney, Evercore ISI Head of Internet Research, joins 'Fast Money' to talk possible deregulation of self-driving under a Trump administration.
- 11/18/2024
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Tesla stock rises, Uber and Lyft fall, after report that Trump might be friendly to self-driving cars
- Shares in Tesla, Inc. (Nasdaq: TSLA) are rising in premarket trading this morning after reports that President-elect Donald Trump's transition team wants to make a federal framework for fully self-driving cars a top priority for the Department of Transportation (DOT).
- 11/18/2024
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Uber and Lyft unintentionally sent gig workers' SSN numbers to social media companies, researchers report
- When a person applies to work for Uber or Lyft they must fill out several online forms detailing important information, including their date of birth and their driver's license.
- 11/18/2024
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Uber, Lyft Fall On Report Trump Will Ease Self-Driving Rules
- Uber stock and shares of rival Lyft fell after report that Donald Trump will ease rules for self-driving cars, likely boosting Tesla. The post Uber, Lyft Fall On Report Trump Will Ease Self-Driving Rules appeared first on Investor's Business Daily.
- 11/18/2024
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Tesla To Partner With Lyft, Uber? Analyst Has 'Rising Conviction' For Future Partnership
- Tesla Inc TSLA analysts Tom Narayan and Brad Erickson highlight the company's potential with FSD and robotaxis and also share thoughts on whether the electric vehicle giant could work with Uber Technologies UBER and Lyft Inc LYFT instead of competing against them.
- 11/15/2024
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Why Lyft (LYFT) is a Top Momentum Stock for the Long-Term
- Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
- 11/15/2024
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Lyft Stock Analysis: Buy or Sell?
- Lyft Stock Analysis: Buy or Sell?
- 11/15/2024
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Lyft CFO to Participate in Fireside Chat Hosted by RBC Capital Markets
- SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT) announced today that Erin Brewer, Chief Financial Officer, will participate in a fireside chat at the RBC Capital Markets Global Technology, Internet, Media and Telecommunications (TIMT) Conference on Tuesday, November 19, 2024 in New York, NY at 2:40 p.m. Eastern Time. A live webcast of the event will be available on the investor relations section of the Lyft website at http://investor.Lyft.com. About Lyft Whether it's an everyday commu.
- 11/12/2024
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1 Growth Stock Down 77% to Buy Right Now
- Lyft is emerging as a top comeback story on the market.
- 11/11/2024
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Final Trades: Lyft, Meta, United States Oil Fund & Abbvie
- (OPTIMIZED VIDEO SPECIFIC DESCRIPTION)
- 11/11/2024
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Tuesday's big stock stories: What's likely to move the market in the next trading session
- The postelection rally is charging ahead. Both the Dow and S&P 500 closed at record highs, while bitcoin logged eye-popping gains to trade above $88,000.
- 11/11/2024
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LYFT Q3 Earnings & Revenues Beat Estimates, Gross Bookings Rise Y/Y
- LYFT reports 16% year-over-year growth of gross bookings in third-quarter 2024.
- 11/08/2024
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Lyft CEO: If you give great service people respond
- Lyft (LYFT) shares jumped nearly 23% following better-than-expected third quarter revenue. Lyft CEO David Richard joins Yahoo Finance live to discuss his optimism for future growth, driven by record highs in both rider numbers and driver hours.
- 11/07/2024
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Lyft Stock Surges as Analysts Lift Price Targets After Earnings
- Lyft (LYFT) shares jumped 23% Thursday as several analysts lifted their price targets for the ridesharing company's stock after its third-quarter results and fourth-quarter outlook came in better than expected.
- 11/07/2024
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Lyft stock soars on Q4 outlook
- Lyft (LYFT) shares leaped higher after the company reported better-than-expected sales for the third quarter, coupled with a strong outlook for the current quarter. Active riders are up 9% from a year ago, with a growing number of commuters using the platform.
- 11/07/2024
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Downgrading Lyft To A Sell: Switching Cars
- Lyft, Inc.'s stock surged ~29% post Q3 2024 earnings and ~84% since my last buy call. I'm downgrading the stock to a sell and see limited upside ahead after the rally. Lyft's Price Lock initiative boosted rides and platform stickiness, but the market has priced in that positive, in my opinion. This leads me to expect moderating future outperformance. Despite Lyft's lower P/E and EV/Sales ratios compared to Uber, I recommend taking Lyft gains and investing in Uber for better near-term potential.
- 11/07/2024
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Why Lyft Stock Was Soaring Today
- Lyft posted strong growth in the third quarter.
- 11/07/2024
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Lyft CEO on Price Lock, Earnings, Robots, Regulation
- Lyft CEO David Risher joined Bloomberg's Ed Ludlow and Matt Miller to talk about the driving forces behind the ride-hailing service's strong quarter. The company reported a record number of unique rides and trips in the quarter and says its Price Lock feature is very popular.
- 11/07/2024
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Lyft CEO on Price Lock, Earnings, Robots, Regulation
- Lyft CEO David Risher joined Bloomberg's Ed Ludlow and Matt Miller to talk about the driving forces behind the ride-hailing service's strong quarter. The company reported a record number of unique rides and trips in the quarter and says its Price Lock feature is very popular.
- 11/07/2024
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Lyft CEO Wants Federal Autonomous Car Regulation
- Lyft CEO David Risher discusses his plans on navigating a second Donald Trump presidency. He hopes to see federal rules that clarify the employment status of rideshare drivers and regulations around autonomous cars.
- 11/07/2024
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Lyft Stock Is Soaring After Earnings. Here's Why
- Lyft stock is rallying Thursday after the ride-sharing firm reported strong Q3 earnings and raised its full-year outlook. This is what you need to know.
- 11/07/2024
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Options Bulls Blast Lyft Stock on Forecast, Earnings
- Rideshare concern Lyft Inc (NASDAQ:LYFT) is seeing high options activity today, after the company reported strong third-quarter earnings and revenue and issued an upbeat current-quarter gross bookings outlook.
- 11/07/2024
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Lyft's Bookings Guidance Bests Uber, Analyst Says: 'Better Than Feared'
- Shares of Lyft Inc LYFT were climbing in early trading on Thursday, after the company reported upbeat third-quarter results.
- 11/07/2024
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Lyft CEO David Risher: Halloween was a monster
- Lyft CEO David Risher on Thursday discussed consumer demand on Halloween and Election Day.
- 11/07/2024
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LYFT Drives Big Rally, ELF's Earnings Makeover, MRNA Bounces Back
- Lyft Inc. (LYFT) is racing to catch up to Uber Technologies (UBER) after an earnings beat and guidance raise thrust shares to the upside. e.l.f. Beauty (ELF) covered blemishes from its previous report with a beat and raise, while Moderna (MRNA) bounced back after slipping to the downside over the last quarter.
- 11/07/2024
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Lyft CEO David Risher on Q3 results: Customer obsession drives profitable growth
- Lyft CEO David Risher joins 'Squawk Box' to discuss the company's quarterly earnings results, stronger-than-expected fourth-quarter outlook, pricing strategies, strength of the consumer, autonomous partnerships, and more.
- 11/07/2024
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Lyft: Proving That Rideshare Is A 2-Player Market In The U.S.
- Lyft's Q3 earnings exceeded expectations, with 32% y/y revenue growth to $1.52 billion and 16% y/y gross bookings growth. Shares jumped ~20% in response. Importantly, the company is also guiding to potential acceleration in bookings in Q4, stoking additional enthusiasm for the stock. Its bookings strength is also coming amid cuts to promotional spending. The company struck a new partnership with DoorDash to provide rideshare discounts to DashPass subs, and also signed deals to roll out autonomous rideshare next year.
- 11/07/2024
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Lyft Stock Surges After Sales Beat. Its Mobileye Self-Driving Partnership Also Helps.
- The ride-hailing company posted third-quarter sales of $1.52 billion, above estimates of $1.44 billion.
- 11/07/2024
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Lyft, Inc. (LYFT) Q3 2024 Earnings Call Transcript
- Lyft, Inc. (LYFT) Q3 2024 Earnings Call Transcript
- 11/06/2024
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Lyft Stock Speeds Up on Narrower-Than-Expected Loss, Raised Outlook
- Lyft (LYFT) shares soared over 20% in extended trading Wednesday after the company reported better-than-expected quarterly results and raised its outlook.
- 11/06/2024
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Lyft's New Pacts Are the Mobility Industry's Latest Autonomy Moves
- Lyft (LYFT) has joined rideshare rival Uber (UBER) in signing a number of partnerships with autonomous driving software makers to bring "robotaxis" to its platform.
- 11/06/2024
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Lyft jumps over 20% after issuing strong guidance
- CNBC's Deirdre Bosa joins 'Closing Bell Overtime' to talk Lyft earnings.
- 11/06/2024
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Lyft shares jump on results and autonomous-vehicle partnership
- Lyft reported third-quarter sales that beat expectations while offering an upbeat demand forecast, after the ride-hailing platform earlier in the day announced an autonomous-vehicle partnership with Mobileye Global Inc.
- 11/06/2024
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Lyft forecasts upbeat fourth-quarter bookings on strong demand from weekday commuters
- Lyft forecast current-quarter gross bookings above estimates after beating September-quarter sales on Wednesday as more people return to offices, indicating steady demand for ride-hailing services.
- 11/06/2024
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Lyft Announces Strong Q3 2024 Financial Results and Raises Full-Year Outlook
- SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq:LYFT) today announced financial results for the third quarter ended September 30, 2024. “Our team delivered one of the strongest quarters in Lyft history, following the many new innovations we've brought to drivers and riders so far this year,” said CEO David Risher. “Going forward, our work with best-of-breed partners and the autonomous future we're building will give people even more reasons to choose Lyft every time.” “Operational excellence.
- 11/06/2024
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Massachusetts becomes first state to allow Uber, Lyft drivers to unionize
- The Massachusetts vote was the latest front in a years-long battle over whether ride-share drivers should be considered to be independent contractors or employees entitled to benefits and wage protections.
- 11/06/2024
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Uber and Lyft Drivers in Massachusetts Win Right to Unionize
- A state ballot measure was the first of its kind in the United States, but labor advocates worry it could lock Uber and Lyft drivers out of full-time employment status.
- 11/06/2024
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Massachusetts voters allow Uber, Lyft drivers to unionize
- Massachusetts voters on Tuesday approved a ballot measure that would allow ride-share drivers to unionize, becoming the first U.S. state to allow drivers for app-based companies like Uber and Lyft to do so.
- 11/06/2024
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Lyft ($LYFT) and Mobileye ($MBLY) Team Up to Enable Autonomous Mobility at Scale
- Lyft (NASDAQ: LYFT) and Mobileye (NASDAQ: MBLY) have announced a partnership to advance the widespread commercialization of autonomous vehicle (AV) services. Mobileye will provide its AV technology, integrated into vehicles by specialized manufacturers, to enable large-scale deployment by fleet operators and transportation providers.
- 11/06/2024
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Lyft Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
- Lyft, Inc. LYFT will release earnings results for its third quarter, after the closing bell on Wednesday, Nov. 6.
- 11/06/2024
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Lyft inks deals with Mobileye, others to bring robotaxis to ridehail platform
- Lyft said on Wednesday it will partner with Mobileye and two other companies in the robotaxi industry to bring self-driving cars onto its ridehail platform and bolster research and development in the sector.
- 11/06/2024
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Nexar and Lyft Partner To Drive The Future Scaling Of Autonomous Vehicles
- NEW YORK , Nov. 6, 2024 /PRNewswire/ -- Nexar, a leader in AI-powered mobility solutions, and Lyft (NASDAQ: LYFT), one of North America's largest transportation networks, today announced plans to partner, leveraging Nexar's vast cutting-edge video telematics to create data-driven solutions that accelerate the deployment of AV technologies. "Nexar's collaboration with Lyft is a pivotal moment in our journey to accelerate the future of autonomous driving," said Eran Shir, Chief Product Officer and Co-Founder of Nexar.
- 11/06/2024
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Lyft and Mobileye Team Up to Enable Autonomous Mobility at Scale
- JERUSALEM--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT), one of the largest transportation networks in North America, and Mobileye (Nasdaq: MBLY), a leading provider of self-driving technology and advanced driver assistance systems (ADAS), announced today plans for an alliance that aims to facilitate the widespread commercialization of autonomous vehicles' services by industry-leading fleet operators. Using the latest advancements in AI for autonomy, Mobileye provides AV technology to an ecosyste.
- 11/06/2024
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Lyft Announces New Round of Autonomous Partnerships
- SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT), one of North America's largest transportation networks, announced plans for multiple autonomous vehicle (AV) partnerships to connect the Lyft community with future AV rides in the Lyft app. Today, Lyft is announcing its next step in delivering AVs to millions of people. Lyft and Mobileye, a leader in self-driving tech and advanced driver assistance systems (ADAS) plan to bring AVs to the Lyft network. Through this partnership, Lyft will.
- 11/06/2024
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Lyft partners with May Mobility, Mobileye to bring autonomous vehicles to the app
- It seems Lyft is hoping to catch up to Uber's string of autonomous vehicle partnerships.
- 11/06/2024
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2 Financial Technology Stocks to Buy Ahead of Earnings This Week
- We have narrowed our search to two large-cap financial technology stocks set to report earnings results this week. These are: AFRM, LYFT.
- 11/06/2024
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LYFT's Q3 Earnings Coming Up: Will It Surpass Expectations?
- Lyft's third-quarter results are expected to be boosted by strong rideshare market. This is likely to have boosted the company's top line.
- 11/05/2024
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Lyft Stock Sports Dismal Post-Earnings History Ahead of Report
- Lyft Inc (NASDAQ:LYFT) is gearing up for its latest earnings report, due out after the close on Wednesday, Nov. 6.
- 11/04/2024
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These 2 Computer and Technology Stocks Could Beat Earnings: Why They Should Be on Your Radar
- The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
- 11/01/2024
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DoorDash and Lyft Partner to Offer Benefits to Mutual Customers
- DoorDash and Lyft have formed a partnership that will offer their customers benefits on the local commerce platform's local delivery service and the rideshare company's rides. Members of DoorDash's subscription program, DashPass, and Lyft riders can access these exclusive benefits by linking their accounts, the companies said in a Wednesday (Oct. 30) press release.
- 10/30/2024
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Lyft (LYFT) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
- Lyft (LYFT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/30/2024
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Earnings Estimates Rising for Lyft (LYFT): Will It Gain?
- Lyft (LYFT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 10/29/2024
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Lyft agrees to pay $2.1 million penalty after FTC says company made 'deceptive' claims about how much drivers can earn
- The US Department of Justice filed a lawsuit against Lyft on Friday. The FTC said Lyft made "deceptive" claims about how much money drivers could earn per hour.
- 10/26/2024
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Lyft told drivers they could make more than $30 an hour. The FTC says it deceived them.
- Lyft made “deceptive” earnings claims about how much money drivers could expect to make per hour and how much they could earn in special incentives, the Federal Trade Commission said Friday in announcing a settlement with the ride-hailing company.
- 10/25/2024
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FTC hits Lyft with $2.1M penalty for luring drivers with false earnings claims
- Lyft has agreed to a $2.1 million settlement proposed by the FTC over the car-hailing company's “deceptive earnings claims about how much money drivers could expect to make.”
- 10/25/2024
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Lyft to pay $2.1 million to settle US charges it inflated drivers' earnings prospects
- Lyft agreed to pay a $2.1 million civil fine to settle U.S. government charges it misled prospective drivers about how much money they might earn working for the ride-hailing company.
- 10/25/2024
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The Big 3: LYFT, AMSC, MNST
- Today's Big 3 focuses on names that flexed strength earlier this year but are fighting for another breakthrough. Alan Knuckman joins Diane King Hall and Rick Ducat to break down the technical trends in Lyft Inc. (LYFT), American Superconductor (ASMC), and Monster Beverage (MNST).
- 10/24/2024
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Lyft is working on a ‘service animal opt-in feature' for passengers
- Uber and Lyft need to do more to support disabled passengers, especially those who are blind or visually impaired, according to protesters who gathered outside the companies' headquarters on October 15.
- 10/20/2024
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Cash App Pay Integrates with Lyft for Seamless Payments
- DISTRIBUTED-WORK-MODEL/SAN FRANCISCO--(BUSINESS WIRE)--Starting today, Cash App and Lyft are partnering to give digital-first consumers more flexibility when taking a ride. This partnership puts the convenience and accessibility of paying with Cash App Pay front and center, focusing on the preferences of the next generation of customers. “Lyft connects riders with the people and places they love. Today's partnership with Cash App gives riders even more options for getting out into the world — m.
- 10/17/2024
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Lyft To Announce Third Quarter 2024 Financial Results
- SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT) (the “Company” or “Lyft”) will release financial results for the third quarter of 2024 after the close of the market on Wednesday, November 6, 2024. On the same day, Lyft will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to the live audio webcast, please visit the Company's Investor Relations page at https://investor.lyft.com/. The archived.
- 10/16/2024
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These 2 Computer and Technology Stocks Could Beat Earnings: Why They Should Be on Your Radar
- Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
- 10/16/2024
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Time for Uber-Lyft ETFs After Tesla's Unimpressive Robotaxi Event?
- Lack of specific plans in Tesla's robotaxi event boosted competitor Uber's stock by a great magnitude on Oct. 11, 2024.
- 10/15/2024
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These 2 Computer and Technology Stocks Could Beat Earnings: Why They Should Be on Your Radar
- The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
- 10/15/2024
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Will Lyft (LYFT) Beat Estimates Again in Its Next Earnings Report?
- Lyft (LYFT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 10/14/2024
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Lyft (LYFT) Recently Broke Out Above the 20-Day Moving Average
- After reaching an important support level, Lyft (LYFT) could be a good stock pick from a technical perspective. LYFT surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.
- 10/14/2024
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Lyft (LYFT) Soars 9.6%: Is Further Upside Left in the Stock?
- Lyft (LYFT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
- 10/14/2024
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Uber, Lyft avoided millions in pay by locking NYC drivers out of apps: report
- Rideshare app drivers have been getting locked out of the two apps – with messages that flash “unable to go online” or tell drivers to go to a busier location – for minutes or hours at a time.
- 10/11/2024
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Ridesharing giants Uber, Lyft jump after Tesla's 'toothless taxi' fails to excite investors
- Tesla's hyped robotaxi unveiling posed a threat to Uber's ride-sharing aspirations, but it's turned into a boon for the stock instead.
- 10/11/2024
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Uber and Lyft's Million Dollar Lockout Loophole
- Natalie Lung, Bloomberg Tech Reporter joins Bloomberg Intelligence to discuss the Big Take's recent story on how NYC's unique pay formula created an incentive for Uber and Lyft to prevent drivers from logging on, even during periods of high demand. -------- Get more on The Bloomberg Intelligence Podcast On Apple: http://bit.ly/3YrBfOi On Spotify: http://bit.ly/3SPPZ8F Anywhere: http://bit.ly/43hOc0r Follow us on X: https://twitter.com/BloombergRadio Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
- 10/11/2024
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Why Uber, Lyft Shares Are Speeding Up In Friday's Premarket
- Ride-hailing companies Uber Technologies, Inc. UBER and Lyft, Inc. LYFT are rising in premarket trading on Friday.
- 10/11/2024
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Tesla's Robotaxi is set to bring new competition to Uber and Lyft
- Tesla is expected to unveil a new service at its Robotaxi event that will impact Uber and Lyft. Tesla could offer incentives to drivers and lower their costs, challenging Uber's market share.
- 10/10/2024
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AXS and Lyft Team up to Enhance the Fan Experience for Sports and Live Entertainment Across the U.S.
- LOS ANGELES--(BUSINESS WIRE)--AXS ticketing has partnered to make Lyft an official partner of AXS in North America and provides event goers with transportation options and offers.
- 10/08/2024
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Lyft to Boost Driver Earnings Amid Competition
- Lyft announced plans to increase driver earnings by offering higher pay for longer and more complex rides. As part of efforts to attract more drivers, the ride-sharing company will implement extra fees for trips that exceed expected duration by at least five minutes.
- 10/08/2024
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Lyft announces measures to improve driver pay
- Lyft said on Tuesday it would improve earnings for drivers on its platform by paying more for going out of their way for a ride and for those that are at least five minutes longer than estimated.
- 10/08/2024
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Supreme Court Won't Hear Uber and Lyft Gig Worker Appeal
- Uber and Lyft have lost a chance to have an appeal heard by the Supreme Court. The case involves lawsuits brought against the companies by the state of California, which claimed Uber and Lyft had misclassified their workers.
- 10/07/2024
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US Supreme Court rebuffs Uber, Lyft bid to avoid California driver suits
- The U.S. Supreme Court declined on Monday to hear a challenge by Uber and Lyft to lawsuits by the state of California on behalf of drivers who signed agreements to keep legal disputes with the ride-hailing companies out of court in a legal fight over their status as contractors.
- 10/07/2024
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Lyft (LYFT) Outperforms Broader Market: What You Need to Know
- Lyft (LYFT) closed at $12.57 in the latest trading session, marking a +1.7% move from the prior day.
- 10/04/2024
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Insight: Uber, Lyft drivers use Teslas as makeshift robotaxis, raising safety concerns
- A self-driving Tesla carrying a passenger for Uber rammed into an SUV at an intersection in suburban Las Vegas in April, an accident that sparked new concerns that a growing stable of self-styled "robotaxis" is exploiting a regulatory gray area in U.S. cities, putting lives at risk.
- 10/03/2024
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Lyft and Mobilitas Insurance Companies Renew Commercial Insurance Partnership
- Multi-year collaboration continues to support mobility sector GLENDALE, Ariz. , Oct. 1, 2024 /PRNewswire/ -- The Mobilitas Insurance Companies, providers of commercial insurance for the unique and emerging demands of the sharing economy and mobility sector, announced that Lyft has renewed its partnership for ridesharing commercial insurance coverage in 23 states, effective October 1, 2024.
- 10/01/2024
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Here's Why Lyft (LYFT) is a Strong Momentum Stock
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 09/27/2024
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Lyft Optimizes Driver Incentives with Gurobi
- BEAVERTON, Ore.--(BUSINESS WIRE)--By optimizing driver incentives, Lyft can encourage drivers to drive in areas with the highest demand for rides.
- 09/26/2024
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Top 5 Industrials Stocks That May Collapse In Q3
- As of Sept. 25, 2024, five stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
- 09/25/2024
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Billionaire David Tepper Just Increased His Stake in This Ride-Hailing Stock by 1,600%. Time to Buy?
- Lyft is a major player in the ride-hailing industry, but is often overshadowed by its larger rival, Uber. Several metrics have returned to growth for Lyft, overlapping with the improving economy.
- 09/24/2024
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Lyft and Smartcar Partner to Tackle the Top Pain Point for EV Drivers — Range Anxiety
- SAN FRANCISCO--(BUSINESS WIRE)--Smartcar has partnered with Lyft to address range anxiety with a feature that ensures EV drivers receive ride requests within their battery range.
- 09/24/2024
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Better Bull Market Buy: Lyft vs. Toast
- Toast offers a comprehensive suite of restaurant management tools, all designed to work together. Lyft's new revenue streams, like advertising through Lyft Media, are boosting growth.
- 09/23/2024
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Lyft: Not My Favorite, But No Denying It's Cheap
- Lyft is undervalued at a Fwd P/S of 0.9, making it worth considering despite my preference for Uber. Q2 was strong for Lyft with record metrics, 40% YoY revenue growth, GAAP profitability, and over $250M in free cash flow. Lyft has consistently driven double-digit growth in active rides, with similar trends expected in Q3.
- 09/22/2024
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Lyft (LYFT) Sees a More Significant Dip Than Broader Market: Some Facts to Know
- In the most recent trading session, Lyft (LYFT) closed at $12.47, indicating a -0.48% shift from the previous trading day.
- 09/20/2024
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Nasdaq, Marvell Technology And 2 Other Stocks Executives Are Selling
- The Nasdaq 100 closed lower by around 0.5% during Monday's session. Investors, meanwhile, focused on some notable insider trades.
- 09/17/2024
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Lyft unveils feature to help riders avoid surge pricing
- Rideshare giant Lyft launched a feature to curb surge pricing for commuters. Both Lyft and Uber are aiming to boost driver supply to lower surge pricing.
- 09/16/2024
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Lyft Deserves A Lift
- Despite a 29.4% drop in shares, Lyft's consistent growth and push toward profitability justify maintaining a 'buy' rating. Lyft's Q2 2024 revenue surged by 40.6%, driven by a 15.4% increase in rides and a 10.2% rise in active riders. The company achieved profitability for the first time, with significant improvements in operating cash flow and EBITDA.
- 09/12/2024
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These 2 reasons are why Lyft's stock is down despite growth: CEO
- Yahoo Finance Executive Editor Brian Sozzi sits down with Lyft (LYFT) CEO David Risher at the Goldman Sachs Communicopia and Tech Conference to discuss the company's performance and how autonomous vehicles will affect its growth story. Risher argues that "customer obsession drives profitable growth," and highlights initiatives from lowering prices to rolling out its Women+ Connect as ways Lyft has grown over the last year.
- 09/11/2024
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Where Will Lyft Stock Be in 5 Years?
- Shares of Lyft have been pressured by mixed financial trends and industry uncertainties. The company's second-quarter earnings were highlighted by record-operating metrics.
- 09/07/2024
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Why Is Lyft (LYFT) Up 11.7% Since Last Earnings Report?
- Lyft (LYFT) reported earnings 30 days ago. What's next for the stock?
- 09/06/2024
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Lyft Stock Down 38% in 6 Months:Thinking of Buying the Dip?
- With LYFT shares exhibiting a downward trend, we asses the investment worthiness of the stock in the present scenario.
- 09/06/2024
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If You'd Invested $1,000 in Lyft Stock 3 Years Ago, Here's How Much You'd Have Today
- Lyft's stock is now selling at a much lower price than at its IPO. You would have lost money by investing in the stock three years ago.
- 09/05/2024
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Lyft Stock Rallies Right Into 'Sell' Signal
- Shares of ride-hailing platform Lyft Inc (NASDAQ:LYFT) are 1% higher at $11.47 at last glance, as they look to log their third win in four sessions.
- 09/04/2024
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Lyft to reduce headcount, streamline bikes and scooters division
- Lyft Inc (NASDAQ:LYFT) has announced it will be laying off staff and it will be making changes to its bikes and scooters offering as part of a restructuring plan aimed at cutting costs. The San Fransisco-based ride-share platform said it will lay off 1% of its nearly 3,000 employees as of the end of 2023 and will incur about $34 million to $46 million in charges largely related to asset disposal costs.
- 09/04/2024
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Lyft to Restructure Bike and Scooter Rental Program, Cut Some Jobs
- Lyft (LYFT) will cut some jobs and restructure its bike and scooter rental service as part of a broader effort to "align strategic priorities and to reduce operating costs" after reporting its first-ever profitable quarter last month.
- 09/04/2024
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Lyft to cut some jobs as it restructures its bikes and scooters operation
- Lyft disclosed Wednesday a restructuring of its bikes and scooters operation, which will lead to some job cuts and a charge of up to $46 million.
- 09/04/2024
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Lyft to sell some bike, scooter assets, lay off 1% of employees
- Ride-sharing platform Lyft said on Wednesday it will dispose some assets related to bikes and scooters and lay off 1% of its employees.
- 09/04/2024
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Why Lyft's CEO says ‘it would be insane' not to go all in on bikeshare
- In the summer of 2023, Lyft was contemplating the sale of its micromobility business after receiving strong interest from prospective buyers. Today, the ride-hail company is doubling down on its docked scooter and bikeshare operations, positioning itself as the ideal partner for cities looking to enhance their urban transportation networks.
- 09/04/2024
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Seize the Opportunity: Lyft's Ad Sales Surge Points to Rebound
- Rideshare operator Lyft Inc. NASDAQ: LYFT finally made good on its path to profitability, scoring its first-ever GAAP profitable quarter. Unfortunately, the good news was overshadowed by its soft forward guidance, which sent shares tumbling 17% following its second-quarter 2024 earnings release.
- 09/03/2024
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Why Lyft (LYFT) is a Top Momentum Stock for the Long-Term
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 08/30/2024
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Lyft CEO & CFO to Participate in Fireside Chat Hosted by Goldman Sachs
- SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT) announced today that David Risher, Chief Executive Officer, and Erin Brewer, Chief Financial Officer, will participate in a fireside chat at the Goldman Sachs Communacopia & Technology Conference on Tuesday, September 10, 2024 in San Francisco, CA at 10:50 a.m. Pacific Time. A live webcast of the event will be available on the investor relations section of the Lyft website at http://investor.Lyft.com. About Lyft Lyft is one of the la.
- 08/27/2024
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Lyft Launches Earned Wage Access Offering and Pet Rides Feature
- Lyft expanded its offerings with earned wage access for drivers and a new service for pet owners. The earned wage access offering is one of several new features for the Lyft Direct debit card and banking app designed for drivers and powered by Payfare, the two companies said in a Tuesday (Aug. 27) press release.
- 08/27/2024
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Lyft follows in Uber's footsteps with a rider verification program
- In an effort to improve its security measures, Lyft announced Tuesday a new rider verification pilot program to help drivers verify riders' identities and ensure that they are indeed who they say they are.
- 08/27/2024
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Is Lyft Going to $13? 1 Wall Street Analyst Firm Thinks So.
- Nomura upgraded Lyft stock from reduce to neutral. The company's operational improvements and cost-cutting efforts are paying off.
- 08/27/2024
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Lyft and Payfare Announce Launch of New Features for the Lyft Direct Debit Card and Banking App
- Drivers on the Lyft platform now have access to a host of new features including Lyft Direct Savings, Balance Protection, enhanced cashback rewards, and more SAN FRANCISCO and TORONTO , Aug. 27, 2024 /PRNewswire/ - Lyft, Inc. (NASDAQ: LYFT), one of the largest transportation networks in North America, and Payfare Inc. (TSX: PAY) (OTCQX: PYFRF), a leading international Earned Wage Access ("EWA") company powering instant access to earnings and digital banking solutions for workforces, are launching new features for the Lyft Direct debit card and banking app. Lyft Direct is a worry-free, mobile banking solution designed specifically for drivers on the Lyft platform.
- 08/27/2024
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3 Growth Stocks the Smart Money Is Buying
- The old investing adage that you can't beat the market so just buy index funds misses the point.
- 08/26/2024
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Billionaires Are Selling Nvidia and Buying Up These Stocks Instead
- For the second quarter in a row, more hedge funds cut their positions in Nvidia than increased them. Professional investors seem to think Nvidia's potential for further gains is limited.
- 08/26/2024
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This Growth Stock Is Down 83%, but Billionaire Investors Are Scooping It Up. Is It a Buy?
- Lyft is down sharply from its IPO price, but the business is showing signs of improvement. David Tepper and Ken Griffin both bought the stock in the second quarter.
- 08/24/2024
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Lyft: Some Near-Term Heavy Lifting For Longer-Term Growth
- I remain buy-rated on Lyft after the stock dropped 17% on soft guidance for 3Q24 and simultaneously achieved its first quarter of GAAP profitability. While I recognize that the Primetime decline is a near-term headwind, I think it'll work in Lyft's favor later on by increasing rider retention due to the consistency in pricing. Lyft's new Price Lock initiative, which works to counteract Primetime headwinds, will help the company turn this negative into a positive.
- 08/14/2024
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3 Beaten-Down Growth Stocks to Scoop Up on the Dip
- Many growth stocks have posted stellar figures in recent quarters and rallied significantly of late. However, the party seems to be over for many such companies.
- 08/12/2024
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3 Top Growth Stocks to Buy on the Dip
- DraftKings can help Investors profit off the growing $45 billion online sports betting market. This ride-sharing company has made significant improvements, but the stock is still in the gutter.
- 08/10/2024
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Lyft's CEO—and Sometimes Driver—David Risher Says the Company's On Track
- CEO David Risher is upbeat on Lyft's partnerships, initiatives for women riders, and what he learned from Jeff Bezos.
- 08/10/2024
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Lyft lets you lock in a price, CEO says
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Lyft Analysts Offer Cautious Optimism On Strategic Moves Following Q2 Earnings Report
- As Lyft Inc. LYFT navigates through 2024, recent earnings reports and revised guidance have prompted a diverse range of opinions from analysts. The company, which has faced both operational challenges and strategic shifts, is being assessed with varying degrees of optimism and caution by market experts.
- 08/08/2024
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Lyft just upped the ante in its battle against Uber by taking aim at surge pricing
- Lyft is adding a new feature, making it easier to avoid surge pricing. The rideshare app's Price Lock option is aimed at daily commuters.
- 08/08/2024
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LYFT Q2 Earnings & Revenues Beat, Gross Bookings Rise Y/Y
- LYFT's second-quarter 2024 earnings and revenues improve year over year.
- 08/08/2024
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Lyft: Buy The Dip In This Incredibly Cheap Stock, Focus On Its Profit Growth
- Shares of Lyft crashed nearly 20% after reporting Q2 results, primarily on a weaker bookings outlook for Q3. The company has elected to focus on profitable growth, pulling back on incentives and sales and marketing. As a result, it hit GAAP profitability for the first time. That's not to say growth is lacking: the company is also hitting new records in rides, active riders, and gross bookings.
- 08/08/2024
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Lyft plunges nearly 20% after weak forecast sparks fears its losing race with Uber
- The company reported gross bookings that fell at the bottom end of Wall Street analysts' predicted range, scaring investors and causing shares to drop.
- 08/07/2024
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Why Lyft Stock Plunged Today
- Lyft topped estimates on the top and bottom lines, and it reported its first-ever GAAP profit. The company capitalized on events like Pride and college graduations.
- 08/07/2024
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Lyft Launches Price Lock Subscription Amid Surge in Ridership
- Ride-hailing platform Lyft on Wednesday (Aug. 7) announced performance benchmarks in the second quarter, reflecting strong engagement from both riders and drivers. The company reported a record 23.7 million active riders, representing a 10% increase from the previous year.
- 08/07/2024
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Why Is LYFT Stock Down Despite Surprise Q2 Profits?
- Ride-sharing specialist Lyft (NASDAQ: LYFT ) is seeing shares plunge during the midweek session despite generally positive second-quarter earnings results. However, it appears that the market is responding to the minutia of the print, which left some questions.
- 08/07/2024
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Lyft CEO on Shares Tanking: 'Focused on Long Term'
- Lyft shares slid by the most in more than a year after the ride-hailing company posted second-quarter bookings and issued an outlook that fell short of Wall Street's expectations. Lyft CEO David Risher joins Ed Ludlow to discuss the company's results on "Bloomberg Technology.
- 08/07/2024
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Lyft shares suffer biggest fall in more than a year, even as it reports first quarterly profit
- Lyft shares tumbled to their biggest loss in more than a year on Wednesday after the ride-hailing app reported gross bookings that spooked investors.
- 08/07/2024
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Lyft's First-Ever Profit, but the Outlook Is a Speed Bump
- MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
- 08/07/2024
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Lyft, Inc. (LYFT) Q2 2024 Earnings Call Transcript
- Lyft, Inc. (NASDAQ:LYFT ) Q2 2024 Results Conference Call August 7, 2024 8:15 AM ET Company Participants Aurelien NOLF - VP, FP&A and Investor Relations David Risher - Chief Executive Officer Erin Brewer - Chief Financial Officer Conference Call Participants Doug Anmuth - JPMorgan Ken Gawrelski - Wells Fargo Michael McGovern - Bank of America Brian Nowak - Morgan Stanley Brad Erickson - RBC Capital Markets Eric Sheridan - Goldman Sachs Stephen Ju - UBS John Colantuoni - Jefferies Nikhil Devnani - Bernstein Bernie McTernan - Needham & Company Operator Good morning, and welcome to the Lyft Second Quarter 2024 Earnings Call. [Operator Instructions].
- 08/07/2024
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Market Misses: ABNB, NVO, LYFT & RIVN
- Despite a positive first half to Wednesday's trading day, a few notable stocks fell when earnings didn't meet expectations. Caroline Woods joins Oliver Renick to take a closer look at Airbnb (ABNB), Novo Nordisk (NVO), LYFT (LYFT) and Rivian (RIVN).
- 08/07/2024
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Lyft CEO on keeping prices low
- Lyft CEO David Risher, joins ‘Squawk Box' to discuss their latest earnings, their competition with Uber, and more.
- 08/07/2024
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Lyft swings to a profit on record rides, but its earnings outlook comes in light
- Lyft Inc. turned its first GAAP profit in its latest quarter, while reporting a record number of rides and its largest quarterly haul of new drivers in years.
- 08/07/2024
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Lyft Stock Tanks As Weak Bookings Guidance Offsets First Quarterly Profit
- Lyft (LYFT) shares plunged 13% intraday Wednesday as disappointing guidance outweighed the ridesharing company's first quarterly profit and record ridership numbers.
- 08/07/2024
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Airbnb Reports Weak Earnings, Joins Cryoport, Tripadvisor, Lyft And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
- U.S. stock futures were higher this morning, with the Dow futures gaining around 300 points on Wednesday.
- 08/07/2024
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Lyft stock drops 13% after guidance disappoints
- Shares in Lyft Inc (NASDAQ:LYFT) tanked 14% premarket after it provided lower-than-expected guidance for the current quarter and despite a maiden quarterly profit from the ride-hailing giant. In the three months ended June 30 (Q2), gross bookings grew by 17% to $4 billion, leading to a 41% rise in revenue to $1.4 billion.
- 08/07/2024
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Lyft (LYFT) Q2 Earnings and Revenues Beat Estimates
- Lyft (LYFT) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.15 per share a year ago.
- 08/07/2024
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Lyft CEO David Risher on Q2 results
- Lyft CEO David Risher, joins 'Squawk Box' to discuss their latest earnings, their competition with Uber, and more.
- 08/07/2024
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Lyft Stock Tumbles as Forecast Misses Estimates
- The ride-hailing company posts its first-ever GAAP profit but issues a disappointing forecast.
- 08/07/2024
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Lyft posts maiden net profit in second quarter
- Lyft reported better-than-expected revenue in the second quarter and posted a net profit for the first time on Wednesday, driven by a booming ride-share market and company-wide cost cuts last year.
- 08/07/2024
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Lyft Announces Q2 2024 Results, Including First-Ever Quarter of GAAP Profitability
- SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq:LYFT) today announced financial results for the second quarter ended June 30, 2024. “For over a year you've heard us say that customer obsession drives profitable growth," said CEO David Risher. “In Q2 we delivered, and drivers and riders are choosing Lyft in record numbers.” “Our platform is growing in a very healthy way as evidenced by the strength of our financial results, including strong cash flow generation and GAAP Net income,” said CFO.
- 08/07/2024
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Lyft Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
- Lyft, Inc. LYFT is expected to release earnings results for its second quarter, before the opening bell on Wednesday, Aug. 7.
- 08/07/2024
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Uber, Lyft and the gig economy think they've found a way to win the national labor war
- Uber, Lyft, Grubhub and DoorDash scored a major victory in a recent ruling from California's top state court upholding Proposition 22 and the classification of drivers as independent contractors rather than employees. Gig economy companies, as well as drivers who prefer contractor status, think they now have nationwide momentum to win what's been a persistent battle over their labor model, though pushback for more benefits is expected from unions.
- 08/06/2024
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The Final Peak Week Of The Q2 Season Begins Amid Souring Economic Data
- This marks the last peak week of the Q2 earnings season with 3,908 companies expected to report. Earnings have come in better-than-expected, but tend to be overshadowed by economic data. Outlier earnings this week include: CSX, CAT, and VFC.
- 08/06/2024
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Uber (UBER) & Lyft (LYFT) Earnings: Can Shares Accelerate?
- Both stocks have risen in popularity considerably over the years as consumers continuously flock to the platform, leaving taxis in the dust.
- 08/05/2024
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Undercovered Dozen: Burberry, Vinci SA, Lyft, PureCycle +
- We share 12 ideas published last week focused on stocks with less coverage on Seeking Alpha. NexGen Energy Ltd. is seen as having potential catalysts for growth, including a federal commission hearing and US legislation banning Russian uranium imports. Extra Space Storage Inc. demonstrates impressive dividend growth and a strong position for REIT recovery according to Wise Bull.
- 08/02/2024
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Top 3 Industrials Stocks That Could Blast Off This Month
- The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
- 08/02/2024
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Lyft (LYFT) Registers a Bigger Fall Than the Market: Important Facts to Note
- Lyft (LYFT) closed the most recent trading day at $11.95, moving -1.24% from the previous trading session.
- 07/30/2024
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Lyft: First Wait For The Profits, Then Brace For The Upside (Rating Upgrade)
- Lyft stock has underperformed this year despite strong financial performance and a high net cash position. Management has outlined ambitious 2027 targets that see the company sustaining aggressive top-line growth alongside expanding profit margins. The stock is trading at a steep discount compared to close competitor Uber, presenting high potential upside if management executes against its targets.
- 07/30/2024
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Uber, Lyft Applaud California Supreme Court Ruling on Gig Workers
- The California Supreme Court ruled Thursday (July 25) that gig workers can be classified as independent contractors, ending a long legal battle in the state.
- 07/25/2024
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Uber And Lyft Score Major Court Victory: California Drivers Will Remain Contractors, Not Employees
- Rideshare giants Uber and Lyft can continue to treat drivers as independent contractors in California, the state supreme court ruled on Thursday, notching a significant win for the rideshare apps, even as those companies face growing pushback from labor groups.
- 07/25/2024
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Uber, Lyft win major ruling in California as top court rejects bid to classify drivers as employees
- The court dismissed a lawsuit claiming the 2020 ballot measure known as Proposition 22, which preserves drivers' contractor status while granting them some benefits, was unconstitutional.
- 07/25/2024
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Uber, Lyft, DoorDash can continue to classify drivers as contractors in California
- The California Supreme Court ruled Thursday that Proposition 22 – the ballot measure that passed in November 2020 and classified app-based gig workers as independent contractors rather than employees – is here to stay.
- 07/25/2024
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Uber and Lyft Win California Ruling to Treat Drivers as Contractors
- Uber Technologies UBER 2.38%increase; green up pointing triangle, Lyft LYFT 0.44%increase; green up pointing triangle and other companies that depend on gig workers scored a victory with California's top court, affirming their independent-contractor model in the state, a decision that caps a yearslong legal battle over how their drivers should be classified.
- 07/25/2024
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California top court upholds ballot measure treating Uber, Lyft drivers as independent contractors
- California's top state court on Thursday upheld a measure approved by voters allowing app-based services such as Uber and Lyft to consider drivers in the most populous U.S. state as independent contractors rather than as employees entitled to greater benefits.
- 07/25/2024
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Lyft and Payfare Announce Long Term Extension of Lyft Direct Program
- The extension allows Lyft Direct cardholders to continue benefiting from free instant pay after every ride, a rich cashback rewards program, and more SAN FRANCISCO, Calif. and TORONTO , July 25, 2024 /PRNewswire/ - Lyft, Inc. (NASDAQ: LYFT), one of the largest transportation networks in North America, and Payfare Inc. (TSX: PAY) (OTCQX: PYFRF), a leading international Earned Wage Access ("EWA") company powering instant access to earnings and digital banking solutions for workforces, are excited to announce the long-term extension of their successful partnership on Lyft Direct.
- 07/25/2024
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LYFT INVESTIGATION ALERT: Johnson Fistel LLP Investigates Lyft's Directors and Officers for Breach of Fiduciary Duties
- SAN DIEGO, July 24, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP (www.johnsonfistel.com), a shareholder rights law firm, announces its continuing investigation of whether certain directors and officers of Lyft, Inc. (NASDAQ: LYFT) breached their fiduciary duties to CRL and its shareholders.
- 07/24/2024
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Lyft President Kristin Sverchek to Leave Company After 12 Years
- Lyft President Kristin Sverchek will leave the company as an employee on Aug. 20 after serving in leadership roles for 12 years. Sverchek will serve as a non-employee adviser to the company through Nov. 30, Lyft said in a Tuesday (July 23) filing with the Securities and Exchange Commission (SEC).
- 07/23/2024
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Lyft president Kristin Sverchek to exit on Aug. 20
- The ride-hailing company said Sverchek's exit is not due to a disagreement within the company, its board of directors or management, and is not related to Lyft operations or policies. Sverchek will be entitled to severance benefits, including a $650,000 cash payment.
- 07/23/2024
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Lyft president Kristen Sverchek to exit on Aug. 20
- The rideshare service said Sverchek's exit is not due to a disagreement within the company, its board of directors, or management, and is not related to Lyft operations or policies. Sverchek will be entitled to severance benefits, including a $650,000 cash payment.
- 07/23/2024
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LYFT INVESTIGATION ALERT: Johnson Fistel LLP Investigates Lyft's Directors and Officers for Breach of Fiduciary Duties
- SAN DIEGO, July 17, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP (www.johnsonfistel.com), a shareholder rights law firm, announces its continuing investigation of whether certain directors and officers of Lyft, Inc. (NASDAQ: LYFT) breached their fiduciary duties to Lyft and its shareholders.
- 07/17/2024
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Tesla Threat Reduced For Uber And Lyft , Stocks Also Benefit from Higher Prices and Shorter Wait Times: Analyst
- Needham analyst Bernie McTernan reiterated Uber Technologies Inc UBER with a Buy and a $90 price target.
- 07/15/2024
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Uber, Lyft Jump After Report Of Tesla's Robotaxi Delay
- Uber stock and Lyft shares both jumped after Bloomberg reported that Tesla plans to push back a much-heralded robotaxi event.
- 07/11/2024
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Uber Vs. Lyft In 2024: Which Is Gaining Momentum With Consumers?
- In the ongoing rivalry between Uber Technologies Inc UBER and Lyft Inc LYFT, recent consumer trends indicate a clear winner.
- 07/10/2024
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Bankrupt EV start-up Fisker wants to sell its 3,300 unsold electric vehicles at an 80% discount to a company that rents cars to NYC Uber and Lyft drivers
- Failed electric vehicle maker Fisker is seeking court approval to sell its inventory for cheap. Techcrunch reported its cars would be sold to American Lease for 20% of what others paid for them.
- 07/04/2024
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Here's Why Investors Should Retain LYFT Stock for Now
- LYFT's top line gains from the improving rideshare demand. However, the company grapples with high operating expenses.
- 07/04/2024
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Hitch a Ride with Lyft Stock for Double-Digit Gains in 2nd Half
- Lyft's NASDAQ: LYFT efforts to improve efficiency while accelerating growth have caused a shift in sentiment that points to a double-digit upside for this stock. The latest results and guidance weren't a blow-out but still stronger than expected, leading the analyst to upgrade the stock and raise their targets.
- 07/01/2024
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Uber and Lyft Agree to Raise Driver Pay in Massachusetts
- Ride-sharing companies Uber (UBER) and Lyft (LYFT) have been pushed to pay drivers more in states across the country, with the latest pay increases coming Thursday in Massachusetts.
- 06/28/2024
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Uber and Lyft agree to minimum pay and benefits for Massachusetts drivers
- Ride-share companies sign off on $175m settlement that will give workers paid sick leave and other protections
- 06/28/2024
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Uber and Lyft Settle Massachusetts Lawsuit, End Ballot Initiative
- Uber and Lyft agreed to a settlement with the Massachusetts Office of the Attorney General, resolving the office's multiyear litigation against the ridesharing companies. The settlement includes rules on wages, benefits and protections for drivers, the office said in a Thursday (June 27) press release.
- 06/28/2024
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Uber, Lyft agree to pay Massachusetts drivers $32.50 per hour to settle lawsuit
- Ride-share giants Uber Technologies Inc (NYSE:UBER, ETR:UT8) and Lyft Inc (NASDAQ:LYFT) have agreed to adopt a $32.50 hourly minimum wage for their drivers in Massachusetts and pay a $175 million penalty to settle a lawsuit brought on by the state's attorney general which alleged the companies violated its wage and hour laws. The agreement requires Uber to pay $148 million and Lyft to pay $27 million to the state, with at least $140 million to be paid to drivers, a court filing shows.
- 06/28/2024
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Are Uber and Lyft Still Top Stocks to Buy in 2024 Following the Minnesota Wage Issue?
- Minnesota's new wage law for ride-hailing drivers could affect Uber and Lyft, influencing pricing. Uber's robust market position and rising trip volumes make it a promising long-term investment in the ride-hailing industry, despite such challenges.
- 06/28/2024
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Uber and Lyft agree to pay drivers $32.50 an hour in Massachusetts settlement
- BOSTON — Drivers for Uber and Lyft will earn a minimum pay standard of $32.50 per hour under a settlement announced Thursday by Massachusetts Attorney General Andrea Campbell, in a deal that also includes a suite of benefits and protections.
- 06/27/2024
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Uber and Lyft Agree to Increase Driver Benefits in Massachusetts
- The deal, which includes a $175 million settlement with the state, keeps the drivers classified as independent contractors, not employees.
- 06/27/2024
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Uber, Lyft Agree to Minimum Wage, Other Benefits for Drivers in Massachusetts
- Uber UBER -0.72%decrease; red down pointing triangle Technologies and Lyft LYFT 0.45%increase; green up pointing triangle agreed to pay ride-share drivers in Massachusetts a minimum wage and give them other benefits while continuing to classify them as independent contractors, the latest development in the companies' nationwide fight to defend their gig-worker models.
- 06/27/2024
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2 Monster Growth Stocks to Buy Right Now and Hold for Years
- Lyft is rapidly improving its financials, and its business is growing steadily. Airbnb is refining its platform offerings to keep hosts and guests coming back.
- 06/26/2024
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Wall Street Analysts are Bullish on Lyft Stock: Here's Why
- It is one thing when a single Wall Street analyst decides to boost a price target on a stock; investors may or may not want to pay attention to that single view. However, it is a different trend when several analysts come together to boost a stock.
- 06/18/2024
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The 3 Best Transportation Stocks to Buy in June 2024
- Transportation plays a vital role in our current interconnected global economy. From shipments of goods abroad to travels across cities, states, and even countries, transportation represents a wide array of services.
- 06/17/2024
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I spent a week on China's versions of E-Trade. Here's what I found.
- Wu Ming spent much of Tuesday sitting alone in his empty Beijing hair salon, trading stocks on his phone.
- 06/12/2024
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Contrarian Coups: 3 Stocks Staging a Revolution Against Conventional Wisdom
- It's no surprise that trading alongside other investors facilitates confidence. After all, there's safety in numbers.
- 06/12/2024
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7 Hidden-Gem Growth Stocks Ready to Rocket
- For investors seeking to give their portfolio a jumpstart, so-called hidden-gem growth stocks may have plenty to offer. By that, I'm talking about companies that are not exactly favored by Wall Street.
- 06/11/2024
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Should You Buy Lyft Stock Right Now?
- Rideshare companies are thriving in a post-pandemic world.
- 06/10/2024
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Lyft Stock Gap and Craps on Bold 2027 Guidance at Investor Day
- Rideshare operator Lyft Inc. NASDAQ: LYFT made bold 2027 growth projections for its Investor Day, which caused shares to gap up to $17.29 initially but failed to sustain the move. The number two rideshare provider in the country is trying to close the gap with its number one competitor, Uber Technologies Inc. NYSE: UBER.
- 06/10/2024
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Lyft CEO bets on 'customer obsession' to drive growth
- Lyft (LYFT) hosted its first-ever investor day, during which the rideshare company unveiled plans to achieve a 15% annual growth rate in gross bookings. Lyft CEO David Risher joins Market Domination to discuss the company's growth prospects.
- 06/07/2024
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Lyft Gains as Analysts Upgrade After Investor Day
- Lyft shares rose following the ride-hailing firm's investor day, with a slew of analysts boosting their ratings, including a double-upgrade at BofA. Lyft CEO David Risher joins Ed Ludlow and Caroline Hyde to discuss his outlook for the company on "Bloomberg Technology.
- 06/07/2024
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Three-Stock Lunch: 3M, Lyft & Reddit
- Chris Grisanti, MAI Capital Management chief equity strategist, joins 'Power Lunch' to discuss stock plays for three companies, including 3M, Lyft, and Reddit.
- 06/07/2024
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LYFT Stock Moves Higher on Encouraging Targets for 2027
- LYFT anticipates gross bookings compound annual growth rate of almost 15% between 2024 and 2027.
- 06/07/2024
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Lyft (LYFT) Gets an Upgrade at Loop Capital, Gordon Haskett, & BofA
- Loop Capital, Gordon Haskett, and BofA upgrade Lyft (LYFT) after Investor Day. The BofA analyst noted that the outlook suggests a limited increase in competitive intensity and ups the firm's confidence in the long-term trajectory.
- 06/07/2024
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Lyft's Upbeat Guidance Has Wall Street Hopeful but Wary
- Shares of the ride-hailing firm saw bullish analyst upgrades after an upbeat investor day, but most remain on the sidelines.
- 06/07/2024
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Lyft upgraded on positive bookings outlook, expansion of media business
- Lyft Inc (NASDAQ:LYFT) has been upgraded by analysts at the Bank of America following its inaugural Investor Day event where it projected strong growth across bookings, earnings, and free cash flow ahead of Wall Street analysts' estimates. The analysts upped their rating on the stock to ‘Buy' and awarded Lyft a price objective of $20.
- 06/07/2024
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Lyft Stock Higher on Lofty Annual Growth Projections
- Ridesharing name Lyft Inc ( NASDAQ:LYFT) projected 15% annual growth in gross bookings, as well as $400 million from its advertising business through 2027 during its first investor day.
- 06/07/2024
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Uber and Lyft made a deal to raise drivers' wages. It was another victory for big tech | Edward Ongweso
- Minneapolis cracked a deal with the companies, but it preserves integral parts of their model, allowing the firms to undermine the compromise later
- 06/07/2024
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Lyft offers up ‘long-awaited' long-term forecast — and this key metric could hit $25 billion, analyst says
- Shares of Lyft Inc. were up Thursday after the ride-hailing service forecast growth in a key demand metric through 2027, albeit while leaving its outlook for this year unchanged.
- 06/06/2024
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Lyft Sees Bookings, Ad Business Jumping Over the Next Few Years
- Lyft (LYFT) shares gained Thursday as the ridesharing company gave an optimistic long-term outlook at its first investor day.
- 06/06/2024
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Why Lyft Stock Was Climbing Today
- Lyft announced new targets for 2027 at its Investor Day conference, calling for steady growth. The company reaffirmed its guidance for the second quarter and rest of the year.
- 06/06/2024
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Lyft Stock Is Rising. Bookings Growth Looks Solid Through 2027.
- The ride-sharing company provided upbeat long-term guidance ahead of a meeting with analysts.
- 06/06/2024
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Lyft says its gross bookings will grow 15% annually through 2027
- Lyft Inc (NASDAQ: LYFT) opened about 10% this morning after revealing financial targets for 2027 at its first investor day. What Lyft expects to achieve by 2027 The ride-hailing company now expects its gross bookings to grow some 15% annually through 2027.
- 06/06/2024
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Lyft Stock Jumps After Ride-Hail Company Offers Long-Term Guidance
- Lyft stock jumped in morning trading after the company published long-term targets for bookings and adjusted profits.
- 06/06/2024
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Lyft forecasts 15% annual growth in gross bookings through 2027
- Lyft is targeting 15% annual growth in gross bookings through 2027, the ride-hailing firm said at its inaugural investor day, adding that it expects gross bookings from its nascent advertising business to increase eight-fold in the same period.
- 06/06/2024
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Lyft Provides 2027 Financial Targets at First Investor Day
- SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (NASDAQ: LYFT) (the “Company” or “Lyft”) will host its first Investor Day today. The event will feature presentations by Lyft's CEO David Risher, CFO Erin Brewer, and other leaders from across the Company, who will discuss Lyft's plans for its next phase of profitable growth. The event will conclude with a live Q&A session. “Lyft's customer-obsessed strategy is working. Our execution keeps getting better, we're delivering industry-leading innovatio.
- 06/06/2024
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2 Top Stocks That Could Explode in the 2024 Bull Market and Beyond
- Volatility continues to hit the market, but great businesses can stand the test of time. Fiverr is capitalizing on the ways in which AI is revolutionizing the freelance space.
- 06/01/2024
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Final Trade: LYFT, ULTA, VIK
- The final trades of the day with the Fast Money traders.
- 05/31/2024
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Woman Kidnapped, Assaulted While Working as Lyft Driver Sues Rideshare Company
- HOUSTON--(BUSINESS WIRE)--A Houston-area woman who was sexually assaulted and held at gunpoint while working as a Lyft driver has filed a lawsuit against the company. Attorneys at Blizzard Greenberg represent the victim, identified as J.W., in the lawsuit filed against Lyft and the attacker, Kenneth Kelley, who police say they later connected to a robbery ring responsible for a string of crimes against more than a dozen rideshare drivers. A federal grand jury in Houston recently indicted Kelley.
- 05/29/2024
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Uber and Lyft's ride-hailing deal with Minnesota comes with a cost
- Uber and Lyft drivers in Minnesota will see higher pay thanks to a deal between the state and the country's two largest ride-hailing companies. The upshot: a new law that gives some protections to drivers while placing limits on state government.
- 05/21/2024
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California Supreme Court to Hear Challenges to Gig Worker Law
- On Tuesday (May 21), the California Supreme Court will hear oral arguments in a lawsuit challenging a ballot measure known as Proposition 22.
- 05/21/2024
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Uber, Lyft won't leave Minnesota after all — and its drivers are getting a raise
- ST. PAUL, Minn. — Ride-hailing companies Uber and Lyft said Monday they will keep operating in Minnesota now that state lawmakers have passed a measure that will increase driver pay, but at a lower rate than approved by Minneapolis officials earlier this year.
- 05/20/2024
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Your Portfolio Is a Garden. Weed It
- I don't believe in the old stock-market saying “Sell in May and Go Away.” In my opinion, you should never “go away” from the stock market altogether. But May is a good time to weed out your portfolio. Unless you have a strong reason to do otherwise, I would: Here are a few large, widely held stocks that I would consider selling now. MicroStrategy Inc. (MSTR, Financial), a Tysons Corner, Virginia company headed by Michael Saylor, sells software for enterprise analytics and mobility. But the stock doesn't trade based on that business. It trades based on the company's holdings of bitcoin. MicroStrategy owns some 214,000 of the crypto tokens. That is more than 1% of the 19.7 million bitcoins that have been issued so far. It's about 1% of the 21 million coins that will ultimately be issued. As of May 19, one bitcoin cost $66,934.60. So 214,000 of them would be valued at $14.3 billion. That is about half the market value of MicroStrategy stock. MicroStrategy has financed its cryptocurrency purchases in large part by issuing notes convertible to common stock. So the current stockholders are at risk of seeing the value of their holdings diluted. The company has posted a loss in three of the past four years. Carlyle Group Inc. (CG, Financial), with headquarters in Washington D.C., is one of the larger private equity firms in the U.S. Such firms invest in private companies or take public companies private. They often cut costs, try to enhance revenue and then take the companies public in a few years. The acquisitions are usually done with borrowed money, and the cost of borrowing money has risen a lot in the past year. The stock seems expensive to me at 12 times the company's revenue. Revenue has declined over the past year, five years and 10 years. Muscular diseases are the focus at Cytokinetics Inc. (CYTK, Financial), a biotechnology firm based in South San Francisco, California. It is working on treatments for amyotrophic lateral sclerosis (Lou Gehrig's disease), heart failure and several other conditions. The company has posted losses in 13 of the past 15 years. Its liabilities currently exceed its assets by about $396 million. A clinical research breakthrough could prove me wrong, but I think the stock is overvalued at the current market capitalization of of $6.2 billion. In the past few years, Boeing Co. (BA, Financial) planes have experienced two controversial crashes and one notorious door-panel blowout. The company will have to spend more on safety and redundant quality checks. This will slow down production and dampen sales, I believe. Boeing has liabilities of $151.5 billion and assets of $134.50 billion. Of the past 10 years, only five have been profitable. Lyft Inc. (LYFT, Financial) plays second fiddle to Uber Technologies Inc. (UBER, Financial) in the U.S. ride-hailing market, with $4.4 billion in revenue last year, compared to Uber's $37.3 billion. While Uber turned profitable in 2023, Lyft has yet to show an annual profit, although analysts expect to see one this year. To me it is a cautionary sign that Lyft's debt is more than twice the company's equity. I offer sell recommendations once a year in this column, usually in May. My “sells” from a year ago trailed the Standard & Poor's 500 Total Return Index by 10 percentage points, rising 18.40% while the index climbed 28.42%. Clorox Co. (CLX, Financial) declined 14%. Colgate-Palmolive Co. (CL, Financial) and Keurig Dr. Pepper Inc. (KDP, Financial) rose, but less than the benchmark. International Business Machines Corp. (IBM, Financial) and Salesforce Inc. (CRM, Financial) beat the index, with gains of 38% and 36% respectively. Longer-term results are mixed. My sell recommendations have trailed behind the index 10 times out of 16 – as they should. However, due to bad picks I made in 2005 and 2010, the average return on my sells has been 13%, while the S&P has averaged 12.20%. Bear in mind that my column results are hypothetical and shouldn't be confused with results I obtain for clients. Also, past performance doesn't predict the future. Disclosure: A hedge fun I manage owns put options on Boeing. John Dorfman is chairman of Dorfman Value Investments LLC in Boston, Massachusetts, and a syndicated columnist. His firm or clients may own or trade securities discussed in this column. He can be reached at [email protected].
- 05/20/2024
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Minnesota lawmakers reach deal to raise pay rate for Uber, Lyft drivers
- Minnesota lawmakers reached an agreement Sunday on a bill that is designed to raise the pay rate for Uber and Lyft drivers working in the state.
- 05/20/2024
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Plan to boost pay for Uber and Lyft drivers in Minnesota advances in state Legislature
- ST. PAUL, Minn. — A plan to boost pay for Uber UBER, -0.58% and Lyft LYFT, -1.95% drivers in Minnesota that lawmakers believe would prevent the companies from leaving the market advanced in the state Legislature on Sunday, hours before the deadline for lawmakers to pass bills before they adjourn.
- 05/19/2024
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4 Reasons Why Lyft Is on the Right Track
- Lyft increased revenue by 28% in the first quarter. The company expanded its reach in the Canadian market and instituted a program helping pair women and nonbinary drivers and riders to increase feelings of safety.
- 05/14/2024
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Lyft Extends 70% Pay Standard to Drivers Nationwide
- Ride-hailing platform Lyft said it wants to lift its driver's earnings. Earlier this year, the company introduced a new standard for drivers, ensuring they will always earn 70% or more on fares per week, after external fees.
- 05/14/2024
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Jim Cramer checks in on the gig economy
- 'Mad Money' host Jim Cramer takes a closer look at gig economy companies including Uber, Lyft, Instacart, and DoorDash.
- 05/13/2024
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Cramer's gig economy roundup: Where he stands on Uber, Lyft, DoorDash and Instacart
- CNBC's Jim Cramer on Monday gave investors his take on four major stocks in the gig economy sector.
- 05/13/2024
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Uber, Lyft Head to Court as Massachusetts Challenges Driver Classification
- Uber and Lyft are facing a trial in Massachusetts over allegations that they misclassified their drivers as independent contractors instead of employees. The trial is part of a larger legal and political battle over the status of gig workers in the state and across the nation, Reuters reported Monday (May 13).
- 05/13/2024
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Massachusetts takes Uber, Lyft to trial over status of gig workers
- Uber Technologies and Lyft are set to face trial on Monday in a U.S. lawsuit by Massachusetts' attorney general alleging the ride-share companies misclassified their drivers as independent contractors rather than more costly employees.
- 05/13/2024
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1 Wall Street Analyst Thinks Lyft Is Going to $24. Is It a Buy?
- RBC Capital raised its price target to $24 on Lyft following its Q1 earnings report. Industry competition is easing and Lyft's guidance looks beatable, according to RBC.
- 05/09/2024
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LYFT Q1 Earnings & Revenues Beat, Gross Bookings Rise Y/Y
- LYFT's first-quarter 2024 earnings and revenues improve year over year.
- 05/09/2024
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Uber and Lyft earnings breakdown, plus the future of autonomous vehicles
- The expansion of autonomous vehicles (AVs) and robotaxi services could pose a threat to rideshare operators Uber (UBER) and Lyft (LYFT). TD Cowen Internet and Media Analyst John Blackledge joins Catalysts to give insight into the potential partnerships between rideshare companies and autonomous, self-driving vehicle makers.
- 05/08/2024
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Why Lyft Stock Was Climbing Today
- Lyft easily beat top-line expectations with 28% revenue growth. New initiatives are paying off and building momentum.
- 05/08/2024
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Lyft CEO Looks to Get Faster, More Partners
- Lyft CEO David Risher says the ride sharing service is looking to pick up passengers faster. He also talks about the future of robotaxis and autonomous cars.
- 05/08/2024
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Earnings Point to Different Routes for Lyft and Uber
- Uber and Lyft bring to mind the oft-quoted Robert Frost poem. You know the one — about two roads that diverged.
- 05/08/2024
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Uber shares hit pothole on surprise earnings loss as Lyft zooms with female drivers
- Lyft's initiative to get more women in the drivers seat helped boost its number of females customers.
- 05/08/2024
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A Quiet Tuesday But Earnings Continue
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Lyft, Inc. (LYFT) Q1 2024 Earnings Call Transcript
- Lyft, Inc. (NASDAQ:LYFT ) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Sonya Banerjee - Head of Investor Relations David Risher - Chief Executive Officer Erin Brewer - Chief Financial Officer Kristin Sverchek - President Conference Call Participants Nikhil Devnani - Bernstein Eric Sheridan - Goldman Sachs Mark Mahaney - Evercore John Blackledge with - TD Cowen Ken Gawrelski - Wells Fargo Michael Morton - MoffettNathanson Doug Anmuth - JPMorgan Benjamin Black - Deutsche Bank Steven Choi - UBS John Colantuoni - Jefferies Operator Good afternoon, and welcome to the Lyft First Quarter 2024 Earnings Call. At this time, all participants are in listen-only mode to prevent any background noise.
- 05/07/2024
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Big Afternoon for Earnings: RDDT, WYNN, LYFT & More
- Reddit's first earnings release was a success, while Rivian and EA see losses in late trading.
- 05/07/2024
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Lyft (LYFT) Q1 Earnings and Revenues Surpass Estimates
- Lyft (LYFT) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.08 per share a year ago.
- 05/07/2024
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Lyft earnings had a strong quarter, shows solid execution, analyst says
- Lyft, Inc. (LYFT) beat first-quarter earnings estimates, reporting $1.28 billion in revenue, and pushing the stock higher in extended trading hours. D.A. Davidson Senior Research Analyst Tom White sits down with Market Domination Overtime to discuss the ride-hail company's latest earnings figures, as well as its growth in gross bookings and active rider counts.
- 05/07/2024
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WYNN, LYFT, TWLO: Earnings Just Released
- Wynn Resorts' (WYNN) 1Q adjusted EPS came in at $1.59 versus an estimated $1.43 and its revenue came in at $1.86B versus an estimated $1.77B. Lyft's (LYFT) 1Q adjusted EPS came in at -$0.08 versus an estimated $0.09 and revenue came in at $1.28B versus an estimated $1.17B.
- 05/07/2024
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Lyft stock regains Minnesota rideshare driver pay losses as Q1 earnings beat expectations
- Lyft stock (NASDAQ:LYFT) has jumped in the after market hours following the release of its first-quarter earnings report, which surpassed market expectations. The positive earnings report helped Lyft recoup the losses incurred today due to the compromise rideshare driver pay rates in Minnesota.
- 05/07/2024
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Lyft puts up another quarter of positive free cash flow, following jump in rides
- Ride-hailing service Lyft Inc. on Tuesday said it put up its second straight quarter of positive free cash flow, and said it expected higher cash generation for the year after a jump in rides and active riders.
- 05/07/2024
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Lyft CEO reveals his biggest challenge in competing with Uber
- David Risher explains that taking on Lyft, which was then a failing company, was the easiest decision he has ever made. He tells FOX Business that his biggest challenge is "fighting inertia.
- 05/06/2024
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Status of Uber, Lyft gig workers hinges on Massachusetts court fight
- Massachusetts has become the latest front in a years-long battle in the United States over whether ride-share drivers for Uber and Lyft should be treated as independent contractors or employees entitled to benefits and wage protections.
- 05/03/2024
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LYFT to Report Q1 Earnings: Is a Beat in the Cards?
- LYFT's bottom-line performance in Q1 is likely to have been hurt by the rise in operating costs.
- 05/01/2024
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Lyft To Announce First Quarter 2024 Financial Results
- SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT) (the “Company” or “Lyft”) will release financial results for the first quarter of 2024 after the close of the market on Tuesday, May 7, 2024. On the same day, Lyft will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to the live audio webcast, please visit the Company's Investor Relations page at https://investor.lyft.com/. The archived webcas.
- 04/18/2024
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Time to Buy Lyft or Uber Technologies Stock for More Upside?
- Let's see if there could be more upside in Lyft (LYFT) or Uber Technologies (UBER) shares and if their stocks should be considered after a market correction.
- 04/16/2024
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Uber, Lyft to stay in Minneapolis until July after minimum-wage hike delayed
- Uber and Lyft delayed plans to pull their businesses out of Minneapolis on May 1 after the city council pushed back an effective date to increase the minimum wage by two months. Minneapolis City Council unanimously passed the extension to July 1 for the increased minimum hourly wage during a Thursday meeting, according to CNN.
- 04/12/2024
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Uber and Lyft delay their plans to leave Minneapolis after officials push back driver pay plan
- The ride-hailing companies Uber and Lyft said they will delay their planned exit from Minneapolis after city officials decided Wednesday to push back the start of a driver pay raise by two months.
- 04/12/2024
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Uber and Lyft delay their plans to leave Minneapolis
- Ride-hailing companies Lyft and Uber will extend their services in Minneapolis till July 1, they said on Thursday, after city officials voted a day earlier to push back the start of a driver pay raise by two months.
- 04/11/2024
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7 Meme Stocks to Sell in April Before They Crash & Burn
- There are seven meme stocks to sell in April before the worst comes to worst. Meme stocks are often driven by hype and social media frenzy rather than fundamental business factors, can be incredibly volatile and unpredictable.
- 04/11/2024
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Lyft CEO David Risher on refocusing the company: Customer obsession leads to profitable growth
- David Risher, CEO of Lyft, joins CNBC's 'The Exchange' to share his growth targets for the company, reactions from customers, and more.
- 04/10/2024
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Do Lyft Shares Have Enough Lift for a Turnaround?
- Unlike Uber, Lyft limits itself exclusively to the U.S. ride-sharing business. Due to this limitation, Lyft is less able to capitalize on economies of scale.
- 03/29/2024
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LYFT, CCJ, HIMS: Market Trends to Watch
- The two main themes of the year are still playing out: artificial intelligence and Ozempic, notes Luke Lloyd. He discusses market trends to watch, as well as investment strategies to consider.
- 03/25/2024
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7 Stocks That Are Creating a Buzz on Wall Street
- What a difference a Fed meeting can make. Stocks are again ripping higher after the U.S. Federal Reserve signalled that it still expects to deliver three interest rate cuts this year.
- 03/21/2024
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Lyft inks deal with Nielsen to measure in-app ads
- Nielsen and Lyft have signed an agreement to measure advertisements on the ride-hailing company's mobile app, the data analytics firm said on Thursday.
- 03/21/2024
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Here's Why You Should Hold on to LYFT Stock for Now
- LYFT is set to thrive in the growing rideshare market, buoyed by competitive pricing and cost-cutting measures. However, the company's liquidity position raises major concerns.
- 03/20/2024
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Minneapolis drivers protested wages – and won. Lyft and Uber are choosing to leave the city rather than pay up
- Groups of drivers backed a bill setting minimum pay, but the two tech companies say it'd make riders' fees unsustainable
- 03/20/2024
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Things to know about Uber and Lyft saying they will halt ride-hailing services in Minneapolis
- Lyft and Uber have said they will halt operations in Minneapolis because of a new city ordinance that increase wages for app-based drivers, the latest salvo in a longtime fight between gig economy workers and the tech giants.
- 03/16/2024
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Uber, Lyft to Exit Minneapolis After Minimum Wage Vote
- Uber and Lyft will reportedly halt their operations in Minneapolis after the city council voted to require that drivers be paid a minimum wage of $15.57 per hour. The rideshare companies said they will stop operating there on May 1, Reuters reported Friday (March 15).
- 03/15/2024
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Uber, Lyft to Leave Minneapolis Over New Wage Regulations
- Don't expect to get a ride from Uber (UBER) or Lyft (LYFT) cars in Minneapolis after May 1.
- 03/15/2024
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Uber, Lyft to leave Minneapolis due to minimum wage law
- Uber and Lyft said they will stop operations in Minneapolis after the city council voted to override Mayor Jacob Frey's veto of the new minimum wage law.
- 03/15/2024
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Uber and Lyft Threaten to Pull Out of Minneapolis After City Council Vote
- Local lawmakers in the Minnesota city voted on Thursday to guarantee a minimum hourly wage to ride-hailing drivers.
- 03/15/2024
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Uber, Lyft to stop operations in Minneapolis over minimum wage law
- Uber Technologies and Lyft said on Friday they will stop operations in Minneapolis starting May 1 after the city's council paved the path for rideshare drivers to be paid a minimum wage.
- 03/15/2024
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Uber and Lyft Are Leaving Minneapolis Over Pay Dispute. Their Stocks Are Falling.
- The city council said they have to pay drivers more, which the companies say makes the business uneconomical.
- 03/15/2024
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Lyft and Uber say they'll leave Minneapolis after city requires drivers to be paid more
- MINNEAPOLIS — Lyft and Uber said they will cease operations in Minneapolis after the city's council voted Thursday to override a mayoral veto and require that ride-hailing services increase driver wages to the equivalent of the local minimum wage of $15.57 an hour.
- 03/14/2024
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Lyft, Uber plan to leave Minneapolis after city council forces them to hike driver pay
- Both companies promised to push for statewide legislation that would counter the Minneapolis ordinance.
- 03/14/2024
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Lyft (LYFT) Up 11.4% Since Last Earnings Report: Can It Continue?
- Lyft (LYFT) reported earnings 30 days ago. What's next for the stock?
- 03/14/2024
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Lyft Stock Is Soaring: Should You Buy Below $20?
- Lyft is heading toward profitability with a new management team in place. The company is innovating to maintain its place in the ride-sharing market.
- 03/13/2024
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3 Stocks to Buy as the Gig Economy Continues to Expand
- The gig economy has grown by leaps and bounds over the past several years. Moving ahead, there's a good chance the American gig economy could continue to grow at a rate outpacing that of the overall labor force.
- 03/12/2024
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Lyft Resets the Stage For Its Path to Profitability
- Rideshare operator Lyft Inc. NASDAQ: LYFT stock has been given a second life thanks to its Q4 2023 earnings performance. The computer and technology sector company has been written off as a distant second in the rideshare industry dominated by Uber Technologies Inc. NYSE: UBER.
- 03/11/2024
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Lyft CEO says government shouldn't be involved in ride-share price setting
- While it may be a good idea in some industries, Lyft CEO David Risher believes the government shouldn't be involved when it comes to setting prices for ride-sharing companies.
- 03/11/2024
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Lyft investors sue over earnings ‘fraud' typo that sparked wild buying frenzy
- Lyft's market value rose as much as $3.2 billion, and then shed roughly $2.9 billion of that increase.
- 03/06/2024
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Prepare For Lyft-Off?
- After days of back-to-back upgrades, LYFT is the Stock of the Day. Jenny Horne delivers the latest analyst moves on the ride-sharing name.
- 03/05/2024
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Better Ride-Hailing Stock: Uber or Lyft?
- Uber owns about three-quarters of the ride-hailing market even as it continues to expand. Its smaller competitor, Lyft, isn't yet profitable like Uber, but that should change soon.
- 03/05/2024
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Several Reasons Lyft is the Rideshare Stock You Want
- Lyft Inc (NASDAQ:LYFT) was last seen up 5% to trade at $17.17, bouncing off a floor at the $15 level, with added support from the 20-day moving average.
- 03/04/2024
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DoorDash and Lyft should team up, analyst says
- Shares of both Lyft (LYFT) and DoorDash (DASH) are on the rise in early trading on Monday after RBC Capital Markets upgraded both stocks to Outperform from Sector Perform. Analyst Brad Erickson believes the companies could benefit from an "opportunity to work together vs.
- 03/04/2024
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What Lyft's Big Typo Teaches Investors About New Technologies
- Lyft's LYFT fourth quarter earnings report contained an embarrassing typo earlier this week, accidentally tacking on an extra zero to one of its key financial forecasts. The company said a profitability metric would rise 500 basis points rather than 50.
- 02/16/2024
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Lyft your expectations: A reality check for a promising future
- Lyft NASDAQ: LYFT, known for its distinctive pink mustaches and a strong presence in the urban mobility and transportation sector, has recently captured headlines for a mix of achievements and unexpected events. As a key player in the rapidly transforming world of ride-hailing and shared mobility, Lyft has been navigating the challenges and opportunities of technological advancements and market shifts.
- 02/16/2024
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The 3 Best Meme Stocks to Buy in February 2024
- For the best meme stocks to buy, it's all about stocks that have become popular lately with retail traders, and at the same time have attributes that make them worthy of consideration based on fundamentals, not merely hope and hype. Among the most popular stocks among Reddit's r/WallStreetBets community, a few names fit both criteria.
- 02/16/2024
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3 Stocks to Buy Hand Over Fist After Blowout Earnings
- Stocks continue to rise and fall based on the earnings reports of the companies behind the securities. It makes for a dramatic time in the market with lots of overreactions occurring both good and bad.
- 02/15/2024
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Why Lyft Stock Was Climbing Again Today
- Wall Street continued to raise its price targets. The company seems well on its way to profitability.
- 02/15/2024
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LYFT Q4 Earnings & Revenues Beat, Gross Bookings Rise Y/Y
- LYFT's revenues grow y/y on increased active riders.
- 02/15/2024
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Lyft rides boosted by Taylor Swift, Beyonce, sporting events in 2023
- Lyft said stadium rides last year got a "lift" from high-demand concerts and sporting events. Such events include Taylor Swift and Beyonce concerts, as well as football games.
- 02/15/2024
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Have Uber and Lyft Finally Found a Way to Make Ride-Sharing Profitable?
- Getting there has been a bumpy ride. Analysts want to see if the companies can sustain it.
- 02/15/2024
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LYFT CEO talks earnings error 'It's on me, buck stops with me'
- Shares of Lyft (LYFT) jumped over 60% after the company reported its fourth-quarter earnings on Tuesday, which in the initial report, said Lyft would see margin expansion of 500 basis points, which was a clerical error. During a call with investors, Lyft CFO Erin Brewer said the figure was incorrect and that the actual increase will be 50 basis points.
- 02/14/2024
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How a typo sent Lyft's stock soaring
- Lyft shares skyrocketed thanks to a typo in the company's fourth quarter earnings release.
- 02/14/2024
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Lyft's earnings report typo sends shares soaring
- A typo in Lyft's earnings report sent the ride-sharing platform's stock soaring on Tuesday, and the company's momentum continued Wednesday even after a correction was issued.
- 02/14/2024
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UBER All-Time High & LYFT's First Positive Free Cash Flow
- Lyft (LYFT) sees positive full year free cash flow for the first time. Kevin Hincks and Jenny Horne discuss this, as well as how Uber (UBER) hits a new all-time high today.
- 02/14/2024
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UBER, LYFT, DASH Drivers' Strike Begins
- The Uber (UBER), Lyft (LYFT), and DoorDash (DASH) drivers' strike has begun. Anthony Bartolacci and Sandra Cho discuss this, along with how Lyft is higher after earnings despite a clerical error.
- 02/14/2024
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Why Are Stocks Up Today?
- Stocks are regaining some of Tuesday's lost ground midway through the week. So why are stocks up today?
- 02/14/2024
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Lyft CEO says 'unacceptable' earnings error was 'my bad'
- Lyft CEO David Risher apologized for a typo that led to a 60% stock surge. He said it was his mistake and that the CFO's job is 100% safe.
- 02/14/2024
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Uber and Lyft are 'executing' on profitability'..and have proven they can survive, Researcher says
- Ride-hailing service Lyft (LYFT) continues to see its stock soar Wednesday — cooling after a colossal rise in Tuesday's after-hours trading — while reporting positive forward guidance. Uber (UBER), a major competitor in the space, topped its fourth-quarter earnings estimates, citing significant increases in year-over-year bookings.
- 02/14/2024
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Lyft CEO takes credit for error on earnings report
- Lyft Inc. Chief Executive Officer David Risher's response to a clerical error that unintentionally inflated the company's earnings outlook on Tuesday and sent shares soaring: “My bad.” Like this video?
- 02/14/2024
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Lyft's ‘Clerical Error' Triggers 67% Stock Jump
- Mandeep Singh discusses Lyft's “clerical error” making their stock prices jump 67%, and what Uber's $7 billion buyback plan mean for their profit. He spoke with Paul Sweeney and Alix Steel on Bloomberg Radio.
- 02/14/2024
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Why Lyft Stock Is Skyrocketing Today
- Lyft's Q4 earnings came in much better than Wall Street expected. Due to a typo, the earnings press release initially stated in error that management was guiding for a huge boost to Lyft's adjusted EBITDA margins this year.
- 02/14/2024
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Lyft CEO takes blame for 'extra zero that slipped' into earnings release
- Lyft CEO David Risher took responsibility for the major error that appeared in the company's earnings release late Tuesday.
- 02/14/2024
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Lyft CEO on Margin Error, Driver Strikes, M&A Target
- Lyft CEO David Risher says “my bad” on a clerical error in the company's fourth-quarter earnings, and discusses a strike by drivers and not focusing on whether or not the company is a takeover target. --------
- 02/14/2024
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Typo in earnings report sends Lyft stock soaring 67% — then crashing: ‘A debacle of epic proportions'
- Lyft on Tuesday said incorrectly in a statement that its gross margin was expected to rise by 500 basis points -- or 5% -- this year.
- 02/14/2024
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Lyft CEO on Margin Outlook Error: ‘My Bad'
- Lyft CEO David Risher addresses the “clerical error” in the company's fourth-quarter earnings that triggered a 67% jump in after-hours trading. Risher says it was “one zero in a press release” and the company is working to insure it doesn't happen again.
- 02/14/2024
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Uber and Lyft Valentine's Day strikes fail to dent shares
- Uber, Lyft and DoorDash drivers are striking on Valentine's Day as they battle for better pay. However, it hasn't affected investors' sentiment all that much, with shares in all three trading higher.
- 02/14/2024
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Lyft's earnings error, 'is a black eye for Lyft' says Wedbush's Dan Ives
- Shares of Lyft (LYFT) fell Wednesday after a "clerical error" in their earnings results caused the stock to rally 60% in after-hours trading on Tuesday. Wedbush Securities Managing Director and Senior Equity Analyst Dan Ives says the mistake was "a black eye for Lyft," overshadowing the company's actual progress.
- 02/14/2024
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Uber, Lyft Differences Boil Down to Transportation vs End-to-End Mobility
- Uber and Lyft's most recent earnings reports spotlight a widening divergence in approach in business models. At first glance, there's a core focus for both firms: That would be matching the supply and demand for movement, of course, for drivers and customers to link up across platforms.
- 02/14/2024
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LYFT Stock Jumps 35% Despite False Guidance Scare
- Shares in ride-sharing company Lyft (NASDAQ: LYFT ) are rising 35% so far today despite the firm making a big mistake on its forward guidance. LYFT stock briefly jumped 60% after a press release on earnings goofed on describing future margin expansion.
- 02/14/2024
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One too many zeros: Lyft shares rocket 62% on earnings typo that led to likely bot-buying frenzy
- Lyft shares jumped 62% after the closing bell Tuesday thanks in part to a typo in the ride-hailing company's earnings release that appears to have sent investors' auto-trading algorithms—or "bots"—into a buying frenzy.
- 02/14/2024
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Uber Stock Hits Record High, Lyft Has Best Day Ever In $18 Billion Ride Hailer Coup
- Shares of Uber and Lyft skyrocketed Wednesday after both firms projected stronger financial growth than expected, though Wall Street remains far more convinced about Uber's prospects than Lyft's.
- 02/14/2024
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Lyft Stock Breaks Out After Earnings Beat
- The shares of LYFT Inc (NASDAQ:LYFT) are trading at their highest level since Dec. 18 this morning, last seen 30.4% higher to trade at $15.82 following a better-than-expected fourth quarter report from the ride share company.
- 02/14/2024
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Tenfold margin increase or not, Lyft has a scenic drive ahead - analyst
- Margin growth may not be surging tenfold in 2024, but the outlook on riding-hailing firm Lyft Inc (NASDAQ:LYFT) is rosy regardless. The US-listed mid cap erroneously reported a forecasted gross margin improvement of 500 basis points during its fourth-quarter earnings call on Tuesday, one zero more than the actual 50bps figure.
- 02/14/2024
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Lyft CEO David Risher on Q4 results, earnings report error and Taylor Swift effect
- Lyft CEO David Risher joins 'Squawk Box' to discuss the company's quarterly earnings results, how the error was made in its earnings report, the Taylor Swift effect, consumer demand, and more.
- 02/14/2024
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Forget Lyft's Earnings Typo. How Taylor Swift Helped the Ride-Hailing Stock Pop.
- Lyft's rides to stadiums rose 35% year-over-year, driven by events including Taylor Swift and Beyoncé concerts.
- 02/14/2024
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Lyft shares up 16% in premarket trade, retaining some gains after forecast error
- The company said it had made a major error in a press release reporting its latest results, but nonetheless outperformed analyst estimates.
- 02/14/2024
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Lyft Says ‘Continuous Innovation' of App Earns Record Annual Ridership
- Lyft says differentiated offerings on its app helped drive its annual ridership to the highest level in the company's history. For full-year 2023, the rideshare platform had more than 40 million active riders, defined as riders who took at least one ride during that period, Lyft said in a Tuesday (Feb. 13) earnings release.
- 02/13/2024
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Lyft Stock Goes On Wild Ride After Q4 Earnings Beat and Error—Key Price Level to Watch
- Lyft (LYFT) shares, which initially skyrocketed following a reporting error by the ride-hailing company, settled nearly 16% higher in after-hours trading on Tuesday as fourth-quarter earnings and first-quarter bookings guidance surpassed analysts' expectations.
- 02/13/2024
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Lyft (LYFT) Q4 2023 Earnings Call Transcript
- Lyft (LYFT) Q4 2023 Earnings Call Transcript
- 02/13/2024
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Lyft issues correction on EBITDA margin expansion as 50 bps year-over-year in 2024, not 500 bps
- Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy.
- 02/13/2024
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Lyft Shares Surge 60% After Typo In Earnings Report
- Lyft shares jumped as much as 66% in after-hours trading Tuesday after a typo in its latest earnings report suggested one measure of the company's profitability could greatly increase this year—though the stock has since plateaued at around 16% above its closing price, after Lyft revealed the increase was exaggerated by a factor of 10.
- 02/13/2024
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Q4 Earnings "Lyft" Late Trading After Rough Session
- Lyft (LYFT) is the biggest winner after Tuesday's close, +60% on strong quarterly numbers.
- 02/13/2024
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Lyft (LYFT) Tops Q4 Earnings and Revenue Estimates
- Lyft (LYFT) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to loss of $0.75 per share a year ago.
- 02/13/2024
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Lyft stock soars thanks to Taylor Swift, Beyoncé and layoffs
- Rides to stadiums for music tours and sports events grew more than 35% in 2023 as company underwent an aggressive restructure
- 02/13/2024
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Lyft stock soars on Q4 earnings, upbeat Q1 guidance
- Lyft's fourth quarter results got a boost from increased ridership. The ridesharing company reported 190.8 million rides in the quarter, topping the estimates 183.97 million.
- 02/13/2024
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Lyft Shares Soar 62% Following Strong Q4 Earnings Report
- Ride-hailing firm Lyft (NASDAQ: LYFT ) saw its shares surge 62% in after-market trading, following its Q4 earnings announcement on Tuesday, Feb. 13. The San Francisco-based company surprised markets with a “beat and raise” quarter.
- 02/13/2024
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Stock Market Today: SHOP, LYFT Earnings & JBLU Rallies
- The Dow Jones, S&P 500, Nasdaq-100, and Russell 2000 all ended in the red. Shopify (SHOP) shares fell today as investors are worried about the company's valuation since it was high heading into the earnings report.
- 02/13/2024
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Uber, Lyft, DoorDash drivers expected to strike Valentine's Day: What we know so far
- Uber, Lyft and Doordash drivers plan to walk off the job in a nationwide strike on Valentine's Day.
- 02/13/2024
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Lyft shares soar 40% on earnings beat, guidance
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Lyft's stock rallies on strong forecasts. Here's where the company is ‘doubling down.
- Ride-hailing platform Lyft Inc. on Tuesday said that it expected two key demand metrics to come in above Wall Street's expectations for the year ahead, and that it expected to turn out positive free cash flow for the first time over that period.
- 02/13/2024
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Lyft profit beats estimates as benefits from cost cuts kick in
- Lyft beat estimates for fourth-quarter profit on Tuesday and said it would generate positive free cash flow for the first time in 2024, as the ride-share platform reaps the benefits of cost cuts.
- 02/13/2024
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LYFT & UBER Plan Valentine's Day Strike
- Lyft (LYFT) and Uber (UBER) drivers are planning a strike in the U.S. and Canada for Wednesday. Caleb Silver discusses this and previews Lyft ahead of earnings.
- 02/13/2024
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Lyft Expands Feature That Pairs Women And Non-Binary Riders And Drivers
- A Lyft feature that pairs women and non-binary riders with other women and non-binary drivers is expanding nationally as Lyft aims to help those users feel safer amid concern about rideshare safety—while potentially recruiting more women and nonbinary drivers.
- 02/13/2024
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Thousands of Uber, Lyft, DoorDash drivers to strike on Valentine's Day to demand fair pay
- Thousands of drivers for Uber, Lyft and DoorDash are expected to go on strike in several U.S. cities on Valentine's Day seeking fair pay for their services.
- 02/13/2024
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Valentine's Day Strike: What to Know as Uber, Lyft Drivers Prep to Stop Rides Feb. 14
- Wall Street is abuzz over the upcoming Uber (NYSE: UBER ) Strike this Valentine's Day, Feb. 14. Indeed, Both Uber and Lyft (NASDAQ: LYFT ) drivers plan to cease driving in major U.S. and Canadian cities this Wednesday in protest of declining pay, driver safety and more, according to Business Insider.
- 02/12/2024
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Rideshare, Delivery Drivers to Strike on Valentine's Day
- An organization representing rideshare drivers and delivery workers is organizing a strike on Valentine's Day (Wednesday, Feb. 14). Justice for App Workers is calling on drivers to not take rides to or from airports in 10 markets, according to a page on its website dedicated to the strikes.
- 02/12/2024
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Uber, Lyft, DoorDash drivers to strike on Valentine's Day over ‘incredible decrease' in pay
- The strikes are set to take place about a week after Lyft said it would pay the difference if drivers made less than 70% of what riders paid after external fees each week.
- 02/12/2024
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Wall Street Brunch: Retail Inflation In Focus
- This week, traders will have a lot of economic data to digest, including retail sales, manufacturing measures, jobless claims, and the consumer price index. The market is now pricing in a 16% chance of a March rate reduction by the Fed, but odds top 60% for a cut in May.
- 02/11/2024
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Lyft Guarantees Rideshare Drivers 70% or More of Fare
- Lyft said it has made several improvements for drivers in its latest product update, the Early 2024 Release. The rideshare platform's latest release addresses key concerns such as earnings, deactivations and safety, Lyft said in a Tuesday (Feb. 6) blog post.
- 02/06/2024
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Lyft (LYFT) Set to Report Q4 Earnings: What's in the Offing?
- Lyft's (LYFT) Q4 performance is likely to have been influenced by a surge in Active Riders.
- 02/06/2024
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Lyft to guarantee weekly wages to tempt drivers
- Ride-hailing firm Lyft has promised to bolster drivers' weekly wages through a package of pay standards designed to tempt workers. Drivers will be guaranteed at least 70% of what riders pay for lifts from Tuesday after some 15% reported making less than the figure each week last year.
- 02/06/2024
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Lyft guarantees weekly earnings to lure more drivers
- Lyft said on Tuesday the company will guarantee weekly earnings for drivers, a first in the U.S. ride-hailing industry dominated by larger rival Uber Technologies , in a move to lure more drivers to its platform.
- 02/06/2024
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Lyft to ensure drivers receive baseline percentage of rider fares
- Lyft is promising to boost earnings for its drivers who are also seeking more transparency on where riders' fares go. Moving forward, the company is guaranteeing a new pay standard.
- 02/06/2024
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Lyft To Announce Fourth Quarter and Full-Year 2023 Financial Results
- SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT) (the “Company” or “Lyft”) will release financial results for the fourth quarter and full-year 2023 after the close of the market on Tuesday, February 13, 2024. On the same day, Lyft will host a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to a live audio webcast, please visit the Company's Investor Relations page at https://investor.lyft.com/. The.
- 01/24/2024
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UBER Intends to Shut Down Alcohol Delivery Service Drizly
- UBER aims to focus on its core Uber Eats business.
- 01/16/2024
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Uber, DoorDash and Instacart can integrate more deeply into local commerce, Goldman Sachs says. They're less optimistic about Lyft.
- The fortunes of gig-economy giants like Uber Technologies Inc., DoorDash Inc. and Instacart will increasingly depend on their ability to broaden what they deliver and to integrate more deeply into local economies, Goldman Sachs analysts said on Thursday. But they saw fewer benefits this year for one of the bigger industry players that hasn't expanded into delivery, Lyft Inc.
- 01/11/2024
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The Top 3 Stocks Shaping the Future of Autonomous Driving
- The technological advances of this new era, such as artificial intelligence and machine learning, open the way to new tools such as Autonomous Driving. They are no longer things of a distant future but are already part of our present and companies are working and developing their potential to apply it to their business models.
- 01/11/2024
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Goldman Sachs Is Cooling Off on LYFT Stock
- Lyft (NASDAQ: LYFT ) stock is slipping on Thursday after Goldman Sachs downgraded the ridesharing company's shares today. That downgrade has analyst Eric Sheridan dropping LYFT stock from a “buy” rating to a “neutral” rating.
- 01/11/2024
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Why Lyft Stock Soared 28% in December
- New programs like women+connect are resonating with customers. The company should benefit from lower interest rates in 2024.
- 01/09/2024
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3 Tech Stocks to Sell in January Before They Crash and Burn
- After a sizzling close to 2023, many investors are hoping the rally in tech stocks will continue into 2024. Some of that optimism is based on expectations that the January effect will occur.
- 01/04/2024
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Uber and Lyft shares rallied this year. There may not be much left to drive them higher, analysts say
- Shares of Uber Technologies Inc. and the ride-hailing giant's smaller rival, Lyft Inc., have sprinted higher this year. But analysts on Friday suggested there might not be much left in the tank for either stock heading into 2024.
- 12/29/2023
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Nomura Downgrades Uber and Lyft After Outsized Gains in 2023
- While ridesharing giants Uber and Lyft experienced significant growth in revenue in 2023, they reportedly facechallenges in 2024. For different reasons, financial services group Nomura recently downgraded both Uber and Lyft, Seeking Alpha reported Friday (Dec. 29).
- 12/29/2023
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Nomura Just Hit LYFT Stock With a New Downgrade
- Today is the last day of trading for the year, although it isn't a positive one for Lyft (NASDAQ: LYFT ). This morning, Nomura downgraded LYFT stock to “Reduce” from “Neutral” while also raising its price target to $13 from $11.7, marking an 11% increase.
- 12/29/2023
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Analyst Weighs in on 2 Rideshare Stocks
- Ridesharing bigwigs Uber Technologies Inc (NYSE:UBER) and Lyft Inc (NASDAQ:LYFT) are moving in opposite directions this morning, after Wall Street brokerage firm Nomura weighed in on the stocks.
- 12/29/2023
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Holiday travel: Uber, Lyft drivers hold hours-long protest at Atlanta airport
- Uber and Lyft drivers protested at the Atlanta airport on Saturday to demand higher wages from the rideshare companies.
- 12/24/2023
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Lyft's price target raised on expectation higher prices will drive bookings upside
- Lyft Inc (NASDAQ:LYFT) is expected to provide revised long-term financial targets when it hands down its fourth quarter results, with analysts at Jefferies seeing upside to the rideshare provider's bookings led by higher pricing. They forecast fiscal 2024 bookings 3% or about $470 million higher than the consensus analyst estimate based on new disclosures on bookings and rides.
- 12/20/2023
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Is Co-Founder John Zimmer Giving Up on LYFT Stock?
- Shares of ride-hailing platform Lyft (NASDAQ: LYFT ) are in the spotlight following a $3.44 million sale from co-founder and director John Zimmer. On Dec. 14, Zimmer converted 36,000 Class B shares into Class A shares of LYFT stock on a 1-to-1 basis.
- 12/19/2023
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Lyft speeds up 50% in 3 weeks
- How fitting that Lyft Inc. NASDAQ: LYFT CFO Erin Brewer took part in a fireside chat at this month's Barclays Global Technology Conference. The company's financials — and stock performance — have been ‘en fuego.
- 12/19/2023
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3 customer engagement stocks you need to watch
- The customer is always right when it comes to the bottom line. The key to any growing business is keeping customers happy and coming back for more.
- 12/12/2023
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Uber Has Made a Monster Comeback This Year. Could Lyft Be Next?
- Uber stock has more than doubled this year and recently joined the S&P 500. Investors have left Lyft behind, though the stock spiked in the last week.
- 12/09/2023
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Down 84% From Its All-Time High, Is Lyft a Super Stock to Buy Now?
- Lyft's revenue growth in the third quarter was met with shrinking operating losses. But its shares trade at a huge discount to rival Uber -- which might be justified.
- 12/08/2023
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Why Lyft Stock Jumped 28% in November
- Lyft soared in response to signs that interest rates could start to come down soon. The stock fell after the company delivered its Q3 report, but it is making progress toward profitability.
- 12/07/2023
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Lyft (LYFT) is a Great Momentum Stock: Should You Buy?
- Does Lyft (LYFT) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 12/05/2023
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UBER to be Added to the Coveted S&P 500 Index Post Rebalancing
- UBER's addition to the S&P 500 index is likely to boost its stock price.
- 12/04/2023
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Lyft CEO: 'Customer obsession drives growth
- Lyft (LYFT) is going through a bit of a transformation as the ride-share company seeks to innovate and keep up with competition like Uber (UBER). Lyft CEO David Risher sits down with Yahoo Finance Anchor Josh Lipton to discuss some of the measures the company is taking, which is centered around the customer and customer experience.
- 12/03/2023
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5 Top Growth Stocks to Own in December
- With the Fed likely to trim interest rates along with seasonal tailwinds, growth stocks like Copart (CPRT), Pinterest (PINS), Arista Networks (ANET), CrowdStrike (CRWD), and Lyft (LYFT) are poised to gain strength.
- 12/01/2023
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Lyft CEO David Risher goes one-on-one with Jim Cramer
- Lyft CEO David Risher sits down with Jim Cramer to talk consumer trends, the new 'women + connect' mode, Lyft's outlook for the future and more.
- 11/30/2023
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Lyft CEO David Risher talks the company's on-time pickup promise
- Lyft CEO David Risher sits down with Jim Cramer to talk consumer trends, the new 'women + connect' mode, Lyft's outlook for the future and more.
- 11/30/2023
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Lyft (LYFT) Just Flashed Golden Cross Signal: Do You Buy?
- From a technical perspective, Lyft (LYFT) is looking like an interesting pick, as it just reached a key level of support. LYFT recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
- 11/29/2023
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The president of Lyft shares how learned to trust her instincts — and the Taylor Swift song she listens to before difficult meetings
- After 11 years at Lyft, Kristen Sverchek stepped into the president's role earlier this year. In the latest Equity Talk, she frequently asks herself: "If I were a man, how would I handle this?
- 11/27/2023
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Why Lyft (LYFT) Might be Well Poised for a Surge
- Lyft (LYFT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 11/23/2023
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Here's Why Investors Should Add LYFT Stock in Portfolio Now
- An uptick in driver supply is aiding LYFT stock.
- 11/22/2023
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Lyft (LYFT) Shows Fast-paced Momentum But Is Still a Bargain Stock
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Lyft (LYFT) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 11/21/2023
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The Options Trader's Hotlist: 7 Stocks with Compelling Prospects
- Even if you don't have any intention of trading in the derivatives market, you'll still want to consider top stocks for options trading. How come? Options provide leverage, typically in the form of 100 shares of the underlying security or asset per every one contract.
- 11/16/2023
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Alphabet cuts stock investments in latest quarter as it sold off Robinhood, Lyft holdings
- Alphabet Inc. GOOGL, +1.80% GOOG, +1.80% disclosed that it managed $1.56 billion worth of equity investments at the end of September, down 16.3% from the end of June, at a time the S&P 500 SPX, +1.56% fell 3.7%. In the internet search behemoth's 13F filing with the Securities in Exchange Commission late Friday, Alphabet disclosed that it sold off its entire holdings of ride-hailing service Lyft Inc. LYFT, +1.79% and trading-app operator Robinhood Markets Inc. HOOD, +3.78% during the latest quarter, after ending June with a $35.5 million investment in Lyft and $6.1 million worth of Robinhood stock.
- 11/13/2023
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Lyft, Grab or Uber? Which stock should you ride with?
- The rideshare industry has come a long way since its beginnings over a decade ago. While the business models make sense, the reality is that making profits is extremely hard for rideshare companies.
- 11/13/2023
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Strong Mid-Cap Insider Buys: Q3 2023
- The article discusses sizable mid-cap insider purchases in Q3 of this calendar year. Insiders at Lyft, Inc, HighPeak Energy, Howard Hughes Holdings, and Coty, Inc have shown unusual interest in their own companies' stock, buying large amounts in the third quarter. After about three or four consecutive quarters of primarily discussing oil, gas, and regional bank stocks, the insider buying in those sectors appears to have slowed a bit.
- 11/11/2023
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Uber and Lyft's Platform Paths Continue to Diverge
- It's commonplace to mention Uber and Lyft in the same breath in any conversation about the great travel snapback. As earnings reports through the past few days have shown, the rising tide of travel demand has lifted the core business of both companies.
- 11/10/2023
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Lyft Saw All-Time Record Bookings, CEO Says
- Lyft reported third-quarter revenue that beat analysts' estimates while giving a tepid sales outlook for the holiday period. Lyft CEO David Risher joins Caroline Hyde and Ed Ludlow to discuss the outlook for the company on "Bloomberg Technology.
- 11/09/2023
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LYFT Q3 Earnings and Revenues Outshine Estimates, Up Y/Y
- Active riders increase 10% year over year to 22.4 million in Q3 at LYFT.
- 11/09/2023
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Lyft CEO: Our real focus is on riders and drivers
- Lyft CEO David Risher joins 'Squawk on the Street' to discuss whether the company can continue to price aggressively, how the company's focus on the consumer plays into the profitability outlook, and more.
- 11/09/2023
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Lyft Stock Choppy on Disappointing Bookings Outlook
- The shares of LYFT Inc (NYSE:LYFT) are up 0.5% to trade at $10.64 at last check.
- 11/09/2023
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Lyft, Inc. (LYFT) Q3 2023 Earnings Call Transcript
- Lyft, Inc. (LYFT) Q3 2023 Earnings Call Transcript
- 11/08/2023
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Lyft Projects Growth That May Fall Short of Analysts' Expectations
- Lyft expects its fourth quarter revenue to grow by the mid-single digits compared with the previous quarter. The ride-share company announced this outlook Wednesday (Nov. 8) while reporting its third quarter results in a press release.
- 11/08/2023
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Lyft shares in reverse as 3Q earnings miss estimates
- Lyft Inc (NASDAQ:LYFT) shares fell after Wednesday's closing bell after the ride-share company unexpectedly reported a loss per share of $0.03 for the third quarter, compared to Wall Street estimates of earnings per share of $0.09. Revenue of $1.16 billion, however, was better than expected, above analysts' estimates of $1.14 billion.
- 11/08/2023
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Lyft results beat estimates, execs say big October gains have continued, but shares drop
- Lyft Inc. on Wednesday reported third-quarter results that beat Wall Street's estimates and forecast fourth-quarter sales growth that was better than expected, helped by growth in back-to-school-season demand and a push to send workers back to offices.
- 11/08/2023
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Lyft projects Q4 core earnings above estimates, beats Q3 revenue expectations
- Lyft forecast current-quarter core earnings above analysts' estimates and reported better-than-expected third-quarter revenue on Wednesday, helped by workers returning to office and a higher number of airport rides.
- 11/08/2023
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3 Tech Stocks to Sell Before Their Q3 Results Crash and Burn
- The current state of the United States economy is unique due to its continuing recovery from the significant disruptions of the COVID-19 pandemic. As businesses grapple with a more challenging environment, experts anticipate job cuts and reduced spending.
- 11/08/2023
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Gig economy earnings on deck: Uber, Lyft, Cart report this week
- CNBC's Deirdre Bosa reports on the latest news from Uber, Lyft, and more ahead of earnings reports.
- 11/06/2023
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Lyft's gains from price cuts not enough to dent Uber's US lead
- Lyft's price cuts may have helped the ride-hailing firm make a small dent in Uber's U.S. market share, but not enough to prevent the bigger rival from reporting its second quarterly operating profit.
- 11/06/2023
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Lyft: 30% Market Share, 3% Market Cap
- Lyft has lost its ground to Uber in recent years, as Uber expanded more aggressively, making it the market leader in ride-hailing. The Company's market share in the ridesharing industry remains strong, and active riders continue to grow, despite losing market share. LYFT's valuation is substantially compressed in comparison to competitors, which could attract an acquisition offer.
- 11/06/2023
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Uber and Lyft pay $328M to settle wage-theft complaints in New York
- Uber and Lyft have agreed to pay drivers in New York a combined $328 million to settle wage-theft complaints. The settlement is the result of state attorney general Letitia James' investigation into whether the companies collected certain fees and taxes from drivers rather than passengers.
- 11/02/2023
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Uber, Lyft to pay $328 mn to drivers after New York state probe
- Uber and Lyft will pay $328 million to settle a New York probe alleging that the companies "cheated" drivers, in an accord that also establishes paid sick leave, state officials announced Thursday.
- 11/02/2023
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Uber and Lyft to pay $328M to settle accusations of ‘stealing earnings' from NY drivers
- Uber and Lyft will pay $328 million to settle accusations from New York's attorney general that the ride-sharing giants were “stealing earnings” from thousands of Big Apple drivers for years.
- 11/02/2023
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Uber and Lyft to pay out $328m to New York ride-share drivers
- Drivers celebrate ‘historic victory' as companies agree to settlement after being accused of withholding wages and benefits
- 11/02/2023
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Uber and Lyft to Pay $328 Million Settlement for Withholding Driver Pay
- Uber and Lyft will pay a combined settlement of $328 million after multi-year investigations into their practices by the New York State Attorney General. The investigations found that the companies withheld pay from drivers, deducting sales taxes and fees that should have been paid by riders, the Attorney General said in a Thursday (Nov.
- 11/02/2023
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Uber And Lyft Agree To Pay New York Drivers $328 Million After Wage-Theft Allegations
- Uber and Lyft drivers in New York will now be guaranteed paid sick leave under the settlement.
- 11/02/2023
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Uber, Lyft to pay $328 million to settle wage-theft allegations in New York state
- In addition to a financial settlement, Uber and Lyft agreed to ongoing changes in how they pay drivers and offer benefits in New York state
- 11/02/2023
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Lyft Is Losing Its Race With Uber. This Analyst Says Sell the Stock.
- The ride-hailing company is scheduled to post fiscal third-quarter earnings on Nov. 8.
- 10/31/2023
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LYFT Stock Alert: This Analyst Is Souring on Lyft
- Lyft (NASDAQ: LYFT ) stock is on the move Tuesday as investors react to a new rating for the ride-sharing company's shares. MoffettNathanson analyst Michael Morton is behind today's news as he downgraded shares of LYFT from a “neutral” rating to a “sell” rating.
- 10/31/2023
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Lyft could soon give investors more transparency. That may not be a good thing.
- Nearly four years ago, Lyft Inc. stopped reporting certain metrics like gross bookings and rides — a move that MoffettNathanson analyst Michael Morton said created a “foggy windshield” for investors trying to understand the drivers of the company's business.
- 10/31/2023
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Wave Goodbye: 3 Stocks to Ditch as Revenge Travel Dies Down
- Although the collective pent-up demand for social experiences amid the worst of the Covid-19 crisis led to the revenge travel phenomenon, this catalyst may be dying out. If so, investors may want to consider an important for portfolio protection: stocks to sell before they negative impact your winners.
- 10/29/2023
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Lyft: Sub-Scale Discount
- An improved balance between supply and demand on Lyft's platform, along with operating cost control, has reduced some of Lyft's issues. The company still faces the challenge of competing effectively with Uber and achieving profitability due to its lack of scale. Lyft's stock trades at a substantial discount to Uber, but this is probably a reflection of problems facing the company rather than undervaluation by the market.
- 10/23/2023
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Lyft says two board members have resigned
- Ride-hailing platform Lyft Inc. LYFT, -5.53% on Friday said that Mary Agnes Wilderotter and Valerie Jarrett had resigned from the company's board, due to what it described as “their other professional responsibilities.” Lyft said the two notified the company of their resignations on Thursday, adding that “neither Ms.
- 10/13/2023
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Lyft CEO apologizes for ‘awful' response to a Texas rider's missing cat
- Lyft's CEO has apologized for the “awful” response the ride-share company gave to an Austin man whose cat went missing for almost two days after a Lyft LYFT, -0.71% driver sped off before the passenger could retrieve his pet from the back seat.
- 10/02/2023
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SEC Charges Lyft Over Board Member's Pre-IPO Share Sale
- The U.S. Securities and Exchange Commission (SEC) charged ride-hailing firm Lyft Inc. (LYFT) for failing to disclose the involvement of one of its board members in a share sale prior to the company's initial public offering (IPO).
- 09/18/2023
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Lyft fined for board member not disclosing role in pre-IPO Icahn-Soros stock sale
- The ride-share company has agreed to pay a $10 million fine to resolve Securities and Exchange Commission civil charges that it failed to disclose that one of its former board members was paid to arrange a pre-IPO share sale between billionaires Carl Icahn and George Soros.
- 09/18/2023
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Lyft Stock Is Slipping. The Company's Paying a $10 Million SEC Settlement.
- The Securities and Exchange Commission alleges Lyft failed to disclose the sale of about 7.7 million shares for about $424 million in cash in a regulatory form.
- 09/18/2023
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Lyft to pay $10M civil penalty over disclosure failures: SEC
- The SEC said that Lyft was required to report details of the transaction because Lyft, which approved sale of the private sales, was a participant in the deal.
- 09/18/2023
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Lyft to pay $10M civil penalty over stock deal non-disclosure
- Lyft Inc (NASDAQ:LYFT) has agreed to pay a $10 million civil penalty for failing to disclose a board director's interest in a transaction involving the ride-sharing company, the Securities and Exchange Commission (SEC) said. According to the SEC, prior to Lyft's initial public offering in March 2019, the Lyft board director arranged for the sale of about $424 million in private shares through a special purpose vehicle associated with the director.
- 09/18/2023
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Lyft's stock drops after agreeing to pay $10 million civil penalty to settle SEC charge
- Shares of Lyft Inc. LYFT, -3.28% dropped 3.0% in morning trading Monday, after the U.S. Securities and Exchange Commission said it charged the ride-share company for failing to disclose a board member's rose in the a shareholder's sale of about $424 million worth of stock before the company went public. Lyft agreed to pay a $10 million civil penalty and agreed to a cease-and-desist order, without admitting or denying the SEC's findings.
- 09/18/2023
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Lyft CEO David Rishner: We're seeing commute up 19% year-over-year
- David Risher, Lyft CEO, joins 'Mad Money' host Jim Cramer to talk a climb in ridership, taking over as CEO and its new 'Women+' program.
- 09/12/2023
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Lyft is becoming more 'customer-focused' for riders, drivers: CEO
- While Lyft and Uber are considered by many to be natural rivals in the ride-share space, Lyft CEO David Risher cites certain post-COVID cultural trends to be detrimental to the overall ride-share and experience industries. Risher sits down with Yahoo Finance Executive Editor Brian Sozzi at the Goldman Sachs Communacopia & Technology Conference to discuss Lyft's refocusing on its customers and costs.
- 09/09/2023
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Why Is Lyft (LYFT) Up 5.5% Since Last Earnings Report?
- Lyft (LYFT) reported earnings 30 days ago. What's next for the stock?
- 09/07/2023
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The 7 Best Sleeper Stocks to Buy Now: September 2023
- As a rule of thumb, investors ought to consider securities with strong volume and chart mobility as opposed to sleeper stocks. It's like baseball.
- 09/06/2023
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Week Of 08/28 Notable Insider Buys
- Energy Transfer LP, Cassava Sciences, and PENN Entertainment Inc. were discussed in last week's insider trades update. CEO of Sirius XM Holdings Inc., Jennifer Witz, purchased 250,000 shares for over $1 million. Lyft, Inc. shares have risen nearly 20% since the introduction of new CEO David Risher in April, and insiders like the stock also.
- 09/05/2023
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3 Stocks to Buy Now Ahead of Seasonal September Tailwinds
- It's that time of year. Students are returning to classes again.
- 09/01/2023
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Companies use Lyft program as public transit alternative for employees returning to office
- Ride-share giant Lyft is building on its existing business relationships by highlighting its Lyft Pass program to companies that are requiring workers to return to offices.
- 08/30/2023
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Lyft board member and early investor makes $1 million stock purchase
- Lyft Inc.'s lead independent director Sean Aggarwal scooped up $1 million of the ride-hailing company's stock Monday, joining Chief Executive David Risher, who made a similarly sized purchase earlier in the month.
- 08/29/2023
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Lyft's Turnaround Has Begun
- Lyft's losses are shrinking, and that should be good for the stock in the long term.
- 08/24/2023
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Intriguing Tech Stocks to Buy for a Market Rebound
- Opening on a higher note this week, the Nasdaq was up over 1% again today and a rebound appears to be building after weeks of volatility.
- 08/23/2023
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Not Dead Yet: Is Lyft Gaining Ground on Uber?
- Rideshare operator Lyft Inc. NASDAQ: LYFT has all been left for dead after rival Uber Technologies Inc. NYSE: UBER reported a 49% revenue spike and double-digit metrics growth in 2023. Lyft neglected to diversify its business with food delivery or other businesses outside of modal transportation, instead opting to be a pure-play rideshare company.
- 08/22/2023
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Uber and Lyft threaten to leave Minneapolis if mayor signs minimum wage bill for drivers
- Uber and Lyft threatened to halt operations in Minneapolis if the mayor doesn't veto a rule proposed Thursday that would set ridesharing drivers' minimum wage to $1.40 per miles and $0.51 per minute.
- 08/18/2023
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Lyft threatens to leave Minneapolis if the city raises the minimum wage for drivers, because prices could double and 'only the most wealthy could still afford a ride'
- The Minneapolis city council has advanced a bill that could raise the minimum wage for rideshare drivers. In response, Lyft and Uber threatened to leave Minneapolis and called on the city's mayor to veto the bill.
- 08/17/2023
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Lyft and Uber say they will leave Minneapolis if the mayor signs a minimum wage bill for drivers
- Lyft and Uber threatened to stop doing business in Minneapolis after the city council adopted a new rule Thursday that would set a minimum wage for rideshare drivers.
- 08/17/2023
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Lyft CEO buys $1.15M of company stock: 'I am putting my money where my mouth is'
- Lyft CEO David Risher, who took over the reins of the rideshare company in April, bought 100,000 shares of the company, underscoring his confidence in its success.
- 08/16/2023
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Topping the Tape: Lyft shares rally
- The 'Fast Money' traders take a closer look at Lyft after the stock picks up speed this month.
- 08/15/2023
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Lyft CEO buys up over $1 million in stock, calling it ‘the best investment I could make'
- Early in his stint leading Lyft Inc., the the ride-hailing company's chief executive, David Risher, is letting his wallet do the talking.
- 08/15/2023
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On the streets of San Francisco, will robotaxis run amok or aground?
- The caravans of driverless cars from Cruise and Waymo are about to get much bigger — in spite of a rash of accidents and incidents including the cars frequently stopping in the middle of the road, driving through police crime tape and, in one recent case, striking and killing a dog.
- 08/15/2023
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2 of the Most Undervalued Stocks for the Long Term
- These companies have carved out economic moats yet their stocks are trading well below our fair value estimates.
- 08/15/2023
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Lyft to introduce ads, in-car services on its app
- This segment originally aired on August 10, 2023. Yahoo Finance anchors Josh Schafer, Brooke DiPalma, and Pras Subramanian to discuss Lyft introducing in-car ads and services on its app.
- 08/12/2023
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Lyft riders look at their app about 9 times per ride. Now they'll see ads when they check it.
- Lyft's app will now feature ads when a user is booking a ride and during the trip. Its main competitor, Uber, launched video ads on several of its apps back in June.
- 08/11/2023
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Lyft: A Price War Is Risky for Growth
- Lyft Inc. ( LYFT , Financial) is the second-largest ride-sharing service provider in the U.S. and Canada. In addition to connecting riders and drivers with the use of its app, the company has entered the bike and scooter-share market to offer a variety of transportation options to its users.
- 08/10/2023
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Lyft CEO wants to curb surge pricing: 'Riders hate it with a fiery passion'
- Lyft CEO David Risher weighed in on surge pricing during the company's earnings call this week, saying Lyft rides with surge pricing went down 35% quarter-over-quarter.
- 08/10/2023
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Lyft to introduce ads in effort to boost revenue - WSJ
- Ride-sharing platform Lyft will start displaying advertisements on its app to create a more consistent source of revenue, the Wall Street Journal reported on Thursday.
- 08/10/2023
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Lyft to Expand Its Ad Business as New CEO Eyes a Turnaround
- The ride-sharing company and its larger rival, Uber, are racing to build significant ad operations.
- 08/10/2023
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Lyft's second and third quarters look fine — but analysts are worried about the fourth
- Summer travel and more frequent commutes to the office gave a boost to Lyft Inc.'s second-quarter results on Tuesday. The ride-sharing platform's third-quarter sales forecast also topped estimates, and executives were bullish on earlier efforts to cut prices, the growth of the ride-share market and upcoming back-to-school demand as people reshape their routines in the weeks ahead.
- 08/09/2023
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LYFT Tops Q2 Earnings & Revenue Estimates on Growth in Rides
- LYFT's Q2revenues gain 3% year over year to $1,020.9 million on the back of improvement in the rideshare market.
- 08/09/2023
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Lyft earnings fall after earnings beat, revenue slowdown
- Lyft shares are trading lower after the company reported its slowest revenue growth in two years. The company did beat street expectations within the earnings report with higher sales.
- 08/09/2023
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Lyft Stock Slides On Pricing Strategy
- Despite upbeat second-quarter results and a strong current-quarter forecast, Lyft Inc (NASDAQ:LYFT) stock is sliding today as its price war with Uber (UBER) takes the spotlight.
- 08/09/2023
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Lyft out of reverse gear and in demand after volatile earnings day
- Lyft Inc (NASDAQ:LYFT) shares were on the up in pre-market trading as investors steadied their nerves following a post-quarterlies roller coaster ride. After an initial burst of euphoria in the wake of a Q2 beat (the loss per share was 16 cents rather than 17 cents), Wall Street then began to worry about a potential price war with Uber Technologies Inc (NYSE:UBER).
- 08/09/2023
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5 Things to Know Before Markets Open
- Shares of Penn Entertainment surged after it struck a branding deal with ESPN and shares of online loan provider Upstart dove after its lower-than-expected quarterly revenue forecast. Here's what investors need to know today.
- 08/09/2023
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Lyft Stock Drops. New CEO's Reset Plan Doesn't Look Like a Threat to Uber Yet.
- While Lyft's quarterly losses narrowed, its revenue growth was considerably slower than Uber's as it seeks to compete on price.
- 08/09/2023
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Lyft, Bumble, Take-Two, Twilio: After-hours movers
- Lyft shares drop despite topping expectations for second-quarter earnings and active riders. Dating app Bumble (BMBL) beats on revenue this quarter, narrowly seeing growth in paying users.
- 08/08/2023
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A ride-share price war is brewing, and it could mean bad news for Lyft
- Lyft Inc. and Uber Technologies Inc. may be in the early stages of a price war, and investors in money-losing Lyft especially need to be prepared.
- 08/08/2023
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The Afterhours: Lyft, Take-Two, Rivian, Duolingo
- Shares of Lyft Inc (NASDAQ:LYFT) skidded 6.8% after the bell Tuesday despite the ride-share company raising its third-quarter outlook above Wall Street estimates and posting a second-quarter earnings beat. The company posted earnings of $0.16 per share, $0.17 better than the forecast loss per share of $0.01.
- 08/08/2023
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Lyft trims losses, issues upbeat Q3 guidance
- Lyft (LYFT) issued third quarter guidance that was better than expected. Revenue in the second quarter was in-line with analyst estimates, but adjusted earnings of $0.16 was much better than the $0.01 loss analysts had been anticipating.
- 08/08/2023
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Lyft wants to kill surge pricing
- Lyft has been cutting fares in order to secure more riders, and it's working. Bu that success has come with a (literal) cost.
- 08/08/2023
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Lyft Results 'Big Step in Right Direction': Analyst Ives
- "No doubt, this is a big step in the right direction after what's been an epic disaster the last few years," Wedbush Senior Equity Research Analyst Dan Ives says while reacting to Lyft reporting earnings that far exceeded Wall Street's expectations on "Bloomberg Markets: The Close."
- 08/08/2023
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Lyft shares go into reverse despite 2Q earnings beat and above-market guidance
- Lyft shares fell despite the ride-share company raising its third quarter outlook above Wall Street estimates and posting an earnings beat for the second quarter after the closing bell on Tuesday. For 2Q, which ended on June 30, 2023, Lyft's earnings per share topped expectations at $0.16, $0.17 better than the forecast loss per share of $0.01.
- 08/08/2023
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More commutes, summer travel propel Lyft's results and stock
- Ride-hailing service Lyft Inc. on Tuesday reported a surprise second-quarter adjusted profit, helped by summer travel and a return to offices, and gave a third-quarter sales forecast that was above expectations.
- 08/08/2023
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Lyft forecasts strong earnings as it banks on competitive pricing to chase down Uber
- Lyft forecast third-quarter revenue and adjusted core profit above estimates on Tuesday, as it bets on cost cuts and a post-pandemic rebound in ride-sharing demand to cushion the impact of a price war with bigger rival Uber.
- 08/08/2023
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Earnings Previews: AMC, Lyft, Marathon Digital, Rivian, Upstart
- Before U.S. markets opened on Monday, Tyson Foods posted earnings per share (EPS) and revenue that both missed consensus estimates.
- 08/07/2023
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Lyft Q2 Preview: Can Results Drive Shares Higher?
- The Q2 earnings season has been primarily positive so far, with many companies exceeding expectations and helping to lift sentiment.
- 08/03/2023
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Uber Just Reported Its First-Ever Operating Profit In Q2 Earnings Report, But Lyft Warning Sends Shares Sliding
- Uber recorded a first-ever operating profit in its history, with earnings per share beating expectations in Q2.
- 08/02/2023
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Uber: Winner Takes All As Lyft Fades Into The Background
- Lyft is struggling with operational challenges and cost structure, while Uber is experiencing strong growth and market share gains. Uber has a larger market opportunity, formidable market leadership and is capitalizing on the shift toward the sharing economy. Uber's profitability is improving, and its subscription membership and other bets are driving growth and loyalty among riders.
- 07/31/2023
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Is There Any Hope Left for Lyft Stock?
- A lack of profitability is the major issue at the ride-hailing car service. The board recently brought in new management to fix its bloated expense structure.
- 07/26/2023
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Your Lyft ride got cheaper because the company laid off so many employees
- Lyft has lowered ride prices after laying off over 1,000 corporate employees this spring. As a result, it has claimed some market share from rival Uber, the Wall Street Journal reported.
- 07/25/2023
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Lyft open to selling bike, scooter business
- Lyft said Monday it might sell or find a strategic partner for its bikes and scooters unit as the ridesharing company races Uber for more share of the market.
- 07/24/2023
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Lyft may dump Citi Bikes, scooters in cost-cutting shakeup: report
- Lyft is looking to either sell its fleet of 68,000 bikes and scooters or partner with an investor who can fund the division in CEO David Risher's latest effort to close the gap between Lyft and rival Uber.
- 07/24/2023
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Lyft CEO David Risher: Being number two is not a terrible thing
- CNBC's Deirdre Bosa joins 'Power Lunch' with Lyft CEO David Risher to discuss his first 100 days in the position.
- 07/21/2023
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7 Doomed Travel Stocks Destined for Disaster
- The travel and tourism industry continues to recover following the devastating blow of the coronavirus pandemic in 2020. The U.S. travel sector has taken off again, but the journey toward stock-price recovery is still filled with turbulence.
- 07/17/2023
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New York City taxis fight for survival against Uber and Lyft
- Despite being heavily outnumbered by Uber and Lyft drivers, taxis remain an iconic symbol of New York.
- 07/15/2023
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Don't Overlook These Top-Rated Stocks It's Time to Buy
- Arcos Dorados (ARCO), Atlantica Sustainable Infrastructure (AY), and Lyft (LYFT) are very relevant companies in their respective industries and have the potential to be valuable investments.
- 07/12/2023
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Here's Why You Should Consider Adding LYFT in Portfolio Now
- The uptick in driver supply and solid liquidity boost LYFT.
- 07/12/2023
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2 Stocks to Avoid Like the Plague
- Lyft is in a distant second-place position to Uber, and it's nowhere near profitable. Fubo is funding itself through stock sales as its burns cash.
- 07/11/2023
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Better Buy: Uber vs. Lyft
- The two ride-hailing outfits are shockingly different in size. While smaller companies tend to be nimbler, they're also often relatively underfunded.
- 07/09/2023
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Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now
- The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
- 07/06/2023
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It's All About Liquidity - David Trainer
- David Trainer discusses sectors, stocks and investing strategies. For near-term, it's really all about liquidity.
- 07/03/2023
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California Supreme Court agrees to hear Prop. 22 appeal after ruling favoring Uber, Lyft
- The California Supreme Court on Wednesday agreed to hear the appeal of a state appeals court decision that let most of a state law on gig-worker classification stand.
- 06/28/2023
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How opera workers' ruling could help Uber, Lyft and DoorDash workers unionize
- A federal labor board ruling Tuesday on worker classification could make it easier for app-based gig workers to unionize.
- 06/13/2023
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Uber, Lyft drivers would get help with deactivations under NYC bill
- New York City is considering a bill that would address a top issue for its tens of thousands of ride-hailing drivers: getting kicked off apps like Uber and Lyft.
- 06/08/2023
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Is a Lyft acquisition in the cards? ‘It's not so clear-cut,' analyst says.
- On paper, Lyft Inc. seems like a fairly logical acquisition target: Its shares have taken a serious beating, its founders have stepped back and it is dwarfed by Uber Technologies Inc. in its market.
- 06/08/2023
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These 2 Computer and Technology Stocks Could Beat Earnings: Why They Should Be on Your Radar
- Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
- 06/02/2023
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The Smell of Burning Cash
- Cash flow management is crucial for any business, but especially for startups that have limited resources and high uncertainty.
- 05/25/2023
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Here's Why You Should Hold Lyft (LYFT) Stock in Your Portfolio
- Solid driver supply and strong liquidity aid Lyft (LYFT). However, rising expenses are worrisome.
- 05/23/2023
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Is There Value Left in Lyft Stock?
- Domestic rideshare operator Lyft Inc. NASDAQ: LYFT has fallen even further in Uber Technologies Inc. NYSE: UBER rearview mirror. While its Q1 2023 earnings report beat the top and bottom lines with its adjusted profits, Wedbush analyst Dan Ives said that Lyft has "lost all Street credibility" after its disastrous Q4 2022 earnings conference call, prompting the search for a new CEO.
- 05/22/2023
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LYFT CFO to Step Down Shortly, Company Appoints Replacement
- LYFT continues to struggle, as evidenced by the 24.2% year-to-date decline in its shares.
- 05/18/2023
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Uber and Lyft drivers in Washington state gain access to unemployment and paid leave under newly signed law
- Tens of thousands of ride-hailing drivers in Washington state will be the first in the nation to be entitled to unemployment insurance and paid family and medical leave under a bill signed by the governor this week.
- 05/17/2023
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Lyft chair Logan Green ‘bears particular responsibility' for driver-safety concerns, say shareholders opposing his re-election
- A shareholder group is asking fellow Lyft investors to vote against the re-election of board chair Logan Green, citing driver-safety concerns.
- 05/17/2023
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Lyft names Erin Brewer as CFO
- Lyft Inc said on Tuesday it has named Erin Brewer as its chief financial officer.
- 05/16/2023
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Dump These 7 Stocks Fast Before They Tank Your Portfolio
- While no one invests in the capital markets to lose money, you can suffer the same result if you don't heed the warnings of stocks to dump fast before they tank your portfolio. True, this topic generates discomfort and usually anger.
- 05/14/2023
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Lyft: Competitive Pressures Are Weighing
- Shares of Lyft have crumbled since the company reported Q1 results, primarily because growth is falling short of expectations. The company's outlook for Q2 implies growth nearly flatlining.
- 05/13/2023
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Lyft's new CEO David Risher sits down one-on-one with Jim Cramer
- Lyft's new CEO David Risher joins 'Mad Money' host Jim Cramer to discuss the future of the company, recent changes within Lyft, and more.
- 05/12/2023
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'This is a market that wants two players', says Lyft's new CEO David Risher on competition with Uber
- Lyft's new CEO David Risher joins 'Mad Money' host Jim Cramer to discuss the future of the company, recent changes within Lyft, and more.
- 05/12/2023
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'I don't need to dethrone a king': New Lyft CEO says the company can succeed without annihilating Uber
- Lyft CEO David Risher told CNBC's Jim Cramer on Friday he sees a successful future for the company alongside its main competitor, rideshare behemoth Uber.
- 05/12/2023
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Lyft CEO announces the ride-share company is open to acquisition bids
- Yahoo Finance Live's Seana Smith, Akiko Fujita, and Allie Canal discuss comments made by Lyft CEO David Risher that the ride-sharing company is open to acquisition bids and how the announcement may impact its competitor, Uber.
- 05/12/2023
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How Lyft's new CEO is 'copying' his former boss Jeff Bezos to turn around the company
- David Risher had a rocky first week at his job.
- 05/12/2023
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Where Will Lyft Stock Be in 1 Year?
- Lyft's first quarter numbers cleared Wall Street's low expectations. But weak growth and slim margins have prevented bulls from coming back.
- 05/10/2023
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Lyft's Stock Price Is Crashing, but It's Not a Buying Opportunity
- Lyft reported disappointing quarterly financial results.
- 05/08/2023
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Lyft shares plunge after weaker-than-expected guidance
- The Yahoo Finance Live team discusses a sharp decline in Lyft stock over concerns about the company's turnaround strategy.
- 05/05/2023
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Lyft stock tanks 20% after Q1 report: has it hit the bottom yet?
- Shares of Lyft Inc (NASDAQ: LYFT) are down more than 20% this morning even though the ride-hailing company reported market-beating results for its first financial quarter. Lyft stock down on disappointing guidance The tech stock is being punished for the guidance that came in shy of Street estimates.
- 05/05/2023
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Lyft Shares Sink After Sales Forecast Misses Estimates
- Lyft shares sank after the No. 2 ride-sharing company forecast revenue that is below analyst estimates.
- 05/05/2023
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Lyft delivers ‘top three worst' earnings call analyst says he's ever heard
- Lyft is falling behind its competition. Lackluster second-quarter guidance sent its shares reeling after the bell Thursday and the company's earnings call did little to assuage concerns, according to a Wedbush analyst.
- 05/05/2023
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Lyft has a ‘challenging if not daunting' road ahead as stock slides further
- Those are some of the ways analysts are characterizing Lyft Inc.'s LYFT positioning in the wake of the ride-hailing company's Thursday afternoon earnings report.
- 05/05/2023
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253,000 jobs added in April, Apple beats expectations, Lyft's beats on earnings but outlook gloomy
- Yahoo Finance Live's Julie Hyman summarizes three key topics to watch for this morning, including the April jobs report and the latest news involving Apple and Lyft.
- 05/05/2023
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Lyft (LYFT) Q1 Earnings & Revenues Top Estimates, Rise Y/Y
- Lyft's (LYFT) first-quarter 2023 earnings and revenues increase year over year.
- 05/05/2023
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Carvana, Apple, Coinbase and Lyft shift after earnings, and other stocks on the move
- After a storm of earnings reports following the close of markets Thursday, these were the some of the most active stocks on Friday:
- 05/05/2023
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Markets Down 4 Straight Sessions: Earnings from AAPL, EXPE, SQ & More
- We see a full parade of consumer-facing quarterly earnings results -- and this is the part of the economy continuing to show resiliency.
- 05/04/2023
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Lyft, Inc. (LYFT) Q1 2023 Earnings Call Transcript
- Lyft, Inc. (NASDAQ:LYFT ) Q1 2023 Earnings Conference Call May 4, 2023 4:30 PM ET Company Participants Sonya Banerjee - Head of Investor Relations Logan Green - Co Founder and Board Chair John Zimmer - President, Co Founder and Vice Chair David Risher - Chief Executive Officer and Director Elaine Paul - Chief Financial Officer Conference Call Participants Doug Anmuth - JPMorgan Chase and Company Stephen Ju - Credit Suisse Eric Sheridan - Goldman Sachs Nikhil Devnani - Bernstein Ian Peterson - Evercore ISI Benjamin Black - Deutsche Bank Rohit Kulkarni - ROTH MKM Steven Fox - Fox Advisors Operator Good afternoon, and welcome to the Lyft First Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode to prevent any background noise.
- 05/04/2023
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Stocks moving in after hours: Lyft, Block, DoorDash, Coinbase
- Yahoo Finance Live's Seana Smith examines several trending stocks in the after-hours trading session.
- 05/04/2023
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Lyft stock plunges nearly 15% on weaker than expected revenue forecast
- Lyft may have a bumpy road ahead to recovery.
- 05/04/2023
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Lyft shares plunge 15% on weak second-quarter guidance
- Lyft reported better-than-expected revenue for the first quarter, but the company's guidance spooked investors
- 05/04/2023
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Lyft stock drops amid Q1 earnings beat
- Yahoo Finance Live examines shares of ride-share service giant Lyft following its first-quarter earnings report.
- 05/04/2023
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Lyft suffers another letdown in 1Q amid post-pandemic woes
- Lyft began the year mired in the same ditch it ended in last year, with its ride-hailing service struggling to recover from a pandemic-driven downturn that triggered a change in leadership and layoffs that wiped out a quarter of its workforce.
- 05/04/2023
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Lyft shares tumble as investors react to dim outlook
- Lyft shares tanked as much as 12% moments after the company reported first-quarter earnings as investors placed more weight on a dim outlook and lower quarter-over-quarter revenue than other financial gains. Shares have since stabilized in after-hours trading, now trading down about 10%.
- 05/04/2023
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Lyft 1Q revenue beats expectations but disappointing outlook sends shares falling
- Lyft shares went into reverse in after-hours trading on Thursday after the ride-share company posted an earnings miss while revenue outperformed expectations for the first quarter. For the quarter ended March 31,2023, Lyft posted a loss per share of $0.50, which was an improvement from the year-ago quarter where it recorded a loss per share of $0.57, but missed Zacks consensus estimate of a loss per share of $0.09.
- 05/04/2023
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Lyft stock sinks as forecast falls short of estimates, as new CEO takes aim at Uber
- Lyft Inc. on Thursday reported first-quarter results that beat expectations, but a forecast that fell just shy of analyst estimates.
- 05/04/2023
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It's Over for Lyft -- Uber Wins in Ride-Sharing
- Ride-sharing looks like a winner-take-all market, and Uber is winning big.
- 05/04/2023
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Uber's Q2 outlook will likely focus on consumer demand and competition from Lyft, says Tom White
- Tom White, D.A. Davidson Senior Research Analyst, discusses his expectations for Uber's earnings report.
- 05/03/2023
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Ride-hailing market has potential to be 'a stable duopoly' between Lyft and Uber: Analyst
- RBC Capital Markets Equity Analyst Brad Erickson joins Yahoo Finance Live anchors to discuss the outlook for ride-hailing companies Lyft and Uber.
- 05/02/2023
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3 Growth Stocks to Watch This Week
- Who doesn't enjoy earnings season? The period is undeniably hectic for market participants, but that's just the nature of the game.
- 05/02/2023
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Lyft's new CEO tackles a job requiring some heavy lifting
- Even before he joined Lyft's board in 2021, David Risher had taken hundreds of trips as a passenger so he felt like he knew a lot about the ride-hailing service. But he never expected to be thrust into the driver's seat at a time when Lyft was running like a jalopy.
- 05/02/2023
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All eyes on Lyft's new CEO as Wall Street awaits turnaround plan
- Lyft Inc's revenue growth is likely to lag bigger rival Uber Technologies Inc for the sixth straight quarter, with Wall Street eagerly looking forward to a turnaround plan from its new CEO David Risher.
- 05/01/2023
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Lyft CEO tells employees they must return to the office
- Lyft's new CEO David Risher announced another change for the ride-share company: Workers will soon have to return to the office.
- 04/29/2023
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Why cities continue to have a love-hate affair with e-scooters
- E-scooters have popped up in metro areas around the world, but many of the ride-share companies behind them are struggling.
- 04/28/2023
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Lyft names Kristin Sverchek president
- Lyft Inc. on Thursday named a new president to replace John Zimmer after a shakeup at the ride-hailing company that saw co-founders Zimmer and Logan Green, who was chief executive, replaced last month. Kristin Sverchek, who has been with the company since 2012 as general counsel and who became president of business affairs in 2021, will be president of the company, a title new CEO David Risher was originally going to assume.
- 04/27/2023
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Lyft Cuts Quarter of Staff to Drive Down Costs
- Lyft will reduce its staff by 26% as the rideshare service looks to bring down costs.
- 04/27/2023
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Gap, Lyft, Disney, Vice Media: Here Are The Major U.S. Layoffs So Far This Month
- More than 136,000 employees were laid off by major U.S. companies in the first quarter of 2023.
- 04/27/2023
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Lyft Layoffs 2023: Lyft Plans Job Cuts for 26% of Staff
- Companies are now being rewarded for cutting back on costs and improving efficiency. Unfortunately, for many workers, that means layoffs.
- 04/27/2023
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Lyft layoffs to affect 26% of workforce
- Lyft said Thursday it will cut 26% of its workforce, or about 1,072 people, as part of a restructuring plan aimed at rebuilding its core ride-hailing product and boosting profits. The company also said in a regulatory filing Thursday that it decided scale back hiring plans and will eliminate 250 open job positions.
- 04/27/2023
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Gap, Lyft, Disney, 3M: Here Are The Major U.S. Layoffs So Far This Month
- More than 136,000 employees were laid off by major U.S. companies in the first quarter of 2023.
- 04/27/2023
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2023 Layoff Tracker: Gap, Dropbox And Lyft Make Major Cuts
- Amazon, Alphabet, Meta, Salesforce and Disney have all slashed staff this year, citing cloudy economic forecasts.
- 04/27/2023
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Lyft to Cut About 26% of Workforce
- Lyft says it will terminate about 1,072 employees, or about 26% of its workforce, and scale back hiring efforts.
- 04/27/2023
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Lyft slashing over 1,000 jobs — nearly a quarter of its workforce
- CEO David Risher had said last week that the company will "significantly" cut jobs, without providing details on the number of affected staff.
- 04/27/2023
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Lyft job cuts total 1,072, or 26% of workforce
- Lyft Inc. LYFT on Thursday disclosed more details about layoffs reported last week. In a filing with the Securities and Exchange Commission, the ride-hailing company said it is laying off 1,072 employees, or about 26% of its workforce, and has eliminated more than 250 open positions.
- 04/27/2023
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2023 layoff tracker: The latest on which companies have announced job cuts
- BuzzFeed, Lyft, Whole Foods and Deloitte all recently announced layoffs affecting thousands of US workers. They join a growing list of companies cutting back on their workforce this year amid concerns about economic uncertainty, as well as the need to rightsize after going on a hiring spree during the pandemic.
- 04/25/2023
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Lyft Layoffs 2023: What to Know About the Latest LYFT Job Cuts
- Lyft (NASDAQ: LYFT ) layoffs are on the way as the ride-sharing company's new CEO looks to cut a large number of employees from the payroll. David Risher recently took over as CEO of Lyft and he sent a letter to employees warning them about the layoffs.
- 04/24/2023
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China EVs rising, Tesla loses profit ground and Lyft preps for deep cuts
- The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox.
- 04/24/2023
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Strength Seen in Lyft (LYFT): Can Its 6.1% Jump Turn into More Strength?
- Lyft (LYFT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
- 04/24/2023
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US rideshare firm Lyft plans major staff cuts
- US rideshare service Lyft on Friday sent word to employees that it plans a major staffing reduction to cut costs.
- 04/22/2023
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New Lyft CEO David Risher announces plans to lay off hundreds of workers
- Employees were informed via email that a ‘significant' number would lose their jobs to cut costs and bring fares in line with Uber
- 04/21/2023
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Lyft stock boosted amid plans to lay off 1,200 employees to reduce costs
- Yahoo Finance's Dave Briggs and Seana Smith report on a tick up in Lyft stock following news of the ridesharing company's plans to cut at least 1,200 roles.
- 04/21/2023
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Lyft to ‘Significantly Reduce' Workforce April 27 as It Restructures
- Lyft will “significantly reduce” the size of its workforce next week. The company did not specify the number of employees who will be affected, instead saying they will be notified about their employment status Thursday (April 27).
- 04/21/2023
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Lyft layoffs are 'very consistent in what we've seen in big tech' cost-cutting strategies: Analyst
- D.A. Davidson Managing Director and Senior Research Analyst Tom Forte and CFRA Research Senior Equity Analyst Angelo Zino join Yahoo Finance Live anchors Seana Smith and Dave Briggs to discuss recent layoffs in the tech sector and the future outlook for the industry.
- 04/21/2023
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Lyft plans to 'significantly reduce' workforce, CEO says
- Lyft plans to "significantly reduce" its workforce, the company's new CEO David Risher told employees on Friday, in another round of layoffs as it struggles to turn a profit and pull off a turnaround.
- 04/21/2023
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Lyft to make ‘significant' cuts across ride-hailing company
- Lyft's newly appointed CEO David Risher told employees in an email Friday that the company is significantly reducing its workforce as part of a restructuring effort. Risher said the restructuring is part of Lyft's plan to “better meeting the needs of riders and drivers.
- 04/21/2023
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2023 Layoff Tracker: Lyft Will Cut 1,200 Jobs
- Amazon, Alphabet, Meta, Salesforce and Disney have all slashed staff this year, citing cloudy economic forecasts.
- 04/21/2023
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Lyft's new CEO begins tenure with layoffs, reportedly cutting 1,200 jobs
- A week after assuming the role of CEO at Lyft, David Risher said on Friday that "we will significantly reduce the size of the team."
- 04/21/2023
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Lyft to 'Significantly Reduce' Size of Staff, CEO Says
- Lyft Chief Executive David Risher says the ride-share company to 'significantly reduce the size of the team as part of a restructuring.'
- 04/21/2023
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Lyft slashing at least 1,200 jobs in another round of layoffs: report
- The latest layoffs could affect 30% or more of Lyft's over 4,000 employees, the report said.
- 04/21/2023
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Lyft to cut at least 1,200 jobs - WSJ
- Ride-sharing company Lyft Inc will cut at least 1,200 jobs in another round of layoffs as it looks to reduce costs, the Wall Street Journal reported on Friday, citing sources familiar with the matter.
- 04/21/2023
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Lyft To Announce First Quarter 2023 Financial Results
- SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT) (the “Company” or “Lyft”) will release financial results for the first fiscal quarter of 2023 after the close of the market on Thursday, May 4, 2023. On the same day, Lyft will host a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to a live audio webcast, please visit the Company's Investor Relations page at https://investor.lyft.com/.
- 04/17/2023
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Washington Uber and Lyft drivers win paid family and medical leave
- Washington's Senate unanimously passed a bill this week that would make the state the first in the nation to grant ride-hail drivers the right to paid family and medical leave.
- 04/13/2023
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Lyft re-launches EV service, starting with business travelers
- Lyft is re-launching a feature that will allow riders to request an electric or hybrid vehicle for their next pickup. The service, Lyft Green, will initially only be available to business travelers in select cities when it begins April 17.
- 04/06/2023
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Lyft Stock Still Isn't a Buy Until New CEO David Risher Does This
- Lyft's smaller size means it must spend a relatively good deal of money on things like R&D and administrative costs. Uber Technologies, on the other hand, can afford to spend more on business-building efforts like marketing.
- 04/06/2023
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Can a New CEO for Lyft Be a Gamechanger?
- The rideshare war is over, and rideshare network operator Lyft Inc. (NASDAQ: LYFT) has fallen to a distant number two in this duopoly. While critics slammed Uber Technologies Inc. (NYSE: UBER) for its food delivery business and international expansion, Lyft maintained that it was the "pureplay" in ridesharing.
- 04/05/2023
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3 Tech Stocks to Avoid in 2023 If You Value Your Portfolio
- Identifying tech stocks to avoid is as important as discovering the next big winners in the current volatile stock market. After a turbulent 2022 for tech stocks, with the sector, most of the gains achieved in 2021, the first quarter of 2023 has brought a surprising turnaround.
- 04/04/2023
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Lyft hails new leadership, layoffs come for Lucid and Waymo retires its self-driving minivan
- The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox.
- 04/02/2023
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7 ‘Fallen Angel' Stocks to Sell Before They Plummet Again
- ‘Fallen angel' stocks, or stocks that have fallen far from their past highs, can be tempting as possible contrarian buys. Yet while there are sometimes diamonds in the rough among these names, for the most part, it's best to consider them stocks to sell.
- 04/02/2023
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New Lyft CEO's ‘unusual' pay structure is a ‘sign of the times'
- Lyft Inc. is shaking up its leadership, and it's also shaking up the way it pays its top executive.
- 03/31/2023
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Lyft might drop shared rides, stay focused on basics under new CEO
- Lyft might once again drop its shared rides offering, just one of several changes the company's newly appointed CEO could make in a bid to focus on its core ride-hailing business and become profitable.
- 03/29/2023
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Lyft: ‘We're ready to fight,' incoming CEO says
- Incoming Lyft CEO David Risher joins Yahoo Finance Live anchors Brian Sozzi and Rachelle Akuffo to discuss the future vision for Lyft, top priorities, competing with Uber, providing the best rider experience, cutting costs, and the outlook for Lyft.
- 03/29/2023
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How Uber left Lyft in the dust
- For years, Lyft positioned itself as the "nice guy" in the ride-hailing industry. It let rival Uber do most of the dirty work fighting regulators and the taxi industry to create a path for a new crop of companies to offer rides to customers through an app.
- 03/29/2023
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Lyft is due to receive ‘some new perspectives' in announced CEO changeup: Analyst
- D.A. Davidson Senior Research Analyst Tom White joins Yahoo Finance Live to discuss Lyft's new leadership and what that may mean for investors.
- 03/28/2023
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Why Lyft Stock Popped and Then Dropped Today
- Founders Logan Green and John Zimmer are stepping down from day-to-day management of the company. David Risher, a former Amazon executive, will be the next CEO.
- 03/28/2023
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Lyft needs to stabilize higher for the stock to succeed long term, says Needham's Bernie McTernan
- Bernie McTernan, Needham analyst, joins 'Power Lunch' to discuss Lyft's co-founders stepping down, how the CEO change will impact Lyft, and more.
- 03/28/2023
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These are the top 3 goals for Lyft's new CEO David Risher
- These are the top 3 goals for Lyft's new CEO David Risher
- 03/28/2023
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Lyft (LYFT) Announces New CEO, Co-founders to Step Down
- Lyft (LYFT) continues to struggle, as evidenced by the 12.9% year-to-date decline in its shares.
- 03/28/2023
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Lyft CEO Wants to Compete With Uber on Fares
- The new Lyft CEO David Risher talks about competing on price with Uber, possible plans to expand to Europe, moving beyond ride sharing, and he says the company is not for sale. He's on "Bloomberg Technology.
- 03/28/2023
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Lyft's CEO Shakeup Hints at Need to Think More Like Uber
- Lyft could use a lift. At this writing, the company's shares are trading at a bit over $9.60, well off recent peaks of more than $17.
- 03/28/2023
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Lyft ‘operating at a structural disadvantage to Uber,' analyst says
- RBC Capital Markets Internet Analyst Brad Erickson joins Yahoo Finance Live anchors Julie Hyman and Brad Smith to discuss Lyft's decision to appoint former Amazon retail exec David Risher as the rideshare giant's new CEO, competition with Uber, the driver shortage, and the outlook for Lyft.
- 03/28/2023
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Lyft's New Boss Quickly Loses His Signing Bonus
- Relief over the founders' exit gives way to worries about the new CEO and Lyft's dwindling share.
- 03/28/2023
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LYFT Stock Alert: What to Know as Lyft Announces CEO Change
- Lyft (NASDAQ: LYFT ) stock is a hot topic among traders on Tuesday after the ride-sharing company revealed a new CEO! This comes as co-founder and CEO Logan Green switches to the non-executive role of Board chairman.
- 03/28/2023
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‘Why not?' Lyft CEO shakeup gets a Wall Street embrace
- Shares of Lyft Inc. were riding higher in premarket trading Tuesday after the company announced a leadership change that, in the view of one analyst, “couldn't hurt.”
- 03/28/2023
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Former Amazon exec. David Risher to take over as Lyft CEO
- CNBC's Deirdre Bosa reports on news from Lyft.
- 03/28/2023
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Alibaba's and Lyft's stocks surge, Tommy Hilfiger parent PVH shares rally and other stocks on the move
- Here are some of the biggest movers on Tuesday with banks no longer featuring at the extremes as volatility in the sector subsides.
- 03/28/2023
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Lyft to pick up new CEO amid deepening post-pandemic losses
- Lyft co-founders Logan Green and John Zimmer are relinquishing their leadership roles to make way for a former Amazon executive as the ride-hailing service struggles to recover from the pandemic while long-time rival Uber has been regaining its momentum.
- 03/28/2023
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Lyft appoints new chief executive as co-founders step back
- Lyft Inc (NASDAQ:LYFT) has appointed a new chief executive as its two co-founders step back from managing the ride-sharing company, the Wall Street Journal reported. David Risher, who has been a Lyft board member since 2021, previously worked in management at Amazon.com Inc and Microsoft Corp before starting a childhood-reading non-profit in 2009.
- 03/28/2023
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Lyft CEO is stepping down: a reason to buy Lyft shares?
- Lyft Inc (NASDAQ: LYFT) is trading meaningfully up in extended hours after cofounder Logan Green said he would step down as the company's chief executive next month. Analyst reacts to the news on CNBC On April 17th, David Risher will replace him as the CEO of the ride-hailing company.
- 03/27/2023
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New Lyft CEO: ‘I don't think of this as just an Uber battle. It's a battle against staying at home.
- Lyft Inc.'s incoming Chief Executive David Risher looks at the ride-hailing company's competition with Uber Technologies Inc. as a way to keep both companies “honest and focused,” he said in an interview with MarketWatch on Monday.
- 03/27/2023
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Lyft Appoints Former Amazon and Microsoft Exec David Risher CEO as Founders Step Back
- Locked in competition with Uber, which controls roughly 74% of the U.S. rideshare market, Lyft is changing leadership by appointing a new CEO as the company faces a difficult ride from a distant No. 2.
- 03/27/2023
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Lyft co-founders to step down in mid-April, board member David Risher to assume CEO role
- Yahoo Finance's David Briggs reports on the news Lyft's co-founders will be stepping down from their positions and handing the reins to former Amazon and Microsoft executive — and current Lyft board member — David Risher. About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
- 03/27/2023
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Lyft announces new CEO, says co-founders will step aside from management positions
- Lyft announced on Monday that Amazon veteran David Risher will join as chief executive next month, and that co-founders Logan Green and John Zimmer will step down from their management positions at the ride-hailing company.
- 03/27/2023
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Lyft cofounders Green and Zimmer to step back from day-to-day operations
- Lyft's cofounders, Logan Green and John Zimmer, are stepping down as CEO and president, respectively. CNBC's Deirdre Bosa has the details.
- 03/27/2023
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Lyft corporate shake-up: Is this an opportunity to buy the stock?
- Dan Ives, Wedbush analyst, joins ‘Closing Bell: Overtime' to react to the news of former Amazon executive David Risher assuming the CEO position at Lyft next month.
- 03/27/2023
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Lyft CEO and president stepping down to be replaced by former Amazon exec
- Lyft co-founders, CEO Logan Green and president John Zimmer, are stepping down from their roles by mid-April, the company said Wednesday. They will serve as chair and vice chair of Lyft's board, respectively.
- 03/27/2023
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Lyft's Co-Founders to Step Down as Company Struggles
- It has been slow to bounce back from early pandemic problems even as the business of its much bigger rival, Uber, has improved.
- 03/27/2023
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Lyft stock jumps 5% as new CEO pushes co-founders from helm
- Lyft Inc. LYFT, -2.74% is bringing in a new chief executive and removing its co-founders from running the ride-hailing company on a day-to-day basis, sending shares more than 5% higher in after-hours trading. Former Amazon.com Inc. AMZN, -0.09% and Microsoft Corp. MSFT, -1.49% executive David Risher will take over as CEO, replacing co-founder Logan Green, according to an announcement from the company.
- 03/27/2023
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Lyft CEO and president to step down in mid-April, former Amazon exec David Risher named as replacement
- Lyft's cofounders, Logan Green and John Zimmer, will step back from their day-to-day roles as CEO and president, with David Risher as the new CEO.
- 03/27/2023
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Lyft Hires New CEO as Founders Step Back
- David Risher, board member since 2021, will succeed co-founder Logan Green, as Lyft faces tough competition from Uber and a battered stock price.
- 03/27/2023
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Lyft: Time To Step In Amid The Ashes
- Shares of Lyft have crumbled since reporting Q4 results and issuing a disappointing Q1 outlook. Year to date, the stock is down more than 10%, bucking the trend of recoveries in other tech stocks.
- 03/25/2023
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Uber Technologies Is A Buy. Lyft Not So Much
- Uber's management team is likely more competent than its counterpart at Lyft. Uber's mobility division growth rate far surpassed Lyft's growth rate during the pandemic.
- 03/22/2023
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Court revives Uber/Postmates fight against AB5 for app-based drivers
- A lawsuit against AB5 brought by Uber, Postmates and two of their gig drivers failed in a lower federal court in California in 2020 but has been partially revived on appeal. And it appears that the primary reason for the reversal were the words of AB5's key sponsor, Lorena Gonzalez, who was a state assemblywoman when the law was passed but is now the chief officer of the California Labor Federation.
- 03/20/2023
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Uber, Lyft group challenges Biden's labor secretary nominee over worker rules
- Uber, Lyft trade group Flex Association requested nominated DOL Secretary Julie Su to explain her stance on worker-classification rules.
- 03/20/2023
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Uber, Lyft trade group asks Biden's labor nominee to explain position on gig workers
- A trade group representing rideshare and delivery companies such as Uber and Lyft is asking President Joe Biden's nominee to lead the U.S. Department of Labor, Julie Su, to explain her position on worker-classification rules.
- 03/20/2023
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What Uber, Lyft and DoorDash's victory on gig-worker status looks like so far
- After an appeals-court decision this week, California ride-hailing drivers and other gig workers will remain independent contractors instead of employees for the foreseeable future — a win for gig companies that they will surely try to replicate around the country and beyond.
- 03/17/2023
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Uber, DoorDash, Lyft stocks rise after Prop. 22 ruling in California
- Shares of Uber Technologies Inc. UBER, Lyft Inc. LYFT and DoorDash Inc. DASH ended higher Tuesday, a day after a California appeals court handed them a partial victory that lets them continue treating their drivers and couriers as independent contractors instead of employees — though an appeal to the California Supreme Court is likely. The three-member appeals court ruled two to one that most of Proposition 22, the law that came out of a 2020 ballot initiative on which the companies spent more than $200 million, could be upheld after a judge last year declared it unconstitutional.
- 03/14/2023
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Uber, Lyft Shares Rise As California Court Rules Drivers Can Be Independent
- Uber stock jumped Tuesday, as did Lyft and DoorDash, thanks to a court ruling on how they categorize drivers. The post Uber, Lyft Shares Rise As California Court Rules Drivers Can Be Independent appeared first on Investor's Business Daily.
- 03/14/2023
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Uber and Lyft drivers are contractors, California court says
- Uber and Lyft drivers are independent contractors, not employees, of the ride-sharing companies, a California court has ruled. A three-judge panel of the state appeals court decided that a 2021 ballot measure, known as Proposition 22, was unconstitutional.
- 03/14/2023
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Uber, Lyft stocks rise as California court upholds Prop. 22
- Yahoo Finance's Daniel Howley joins the Live show to discuss the rise in stock for rideshare giants Uber and Lyft following a California court's decision to uphold Prop. 22.
- 03/14/2023
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Lyft, Uber stocks rise following California court's decision over gig workers
- Yahoo Finance Live anchors Julie Hyman and Jared Blikre discuss the rise in stock for rideshare giants Lyft and Uber.
- 03/14/2023
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California judge upholds rule that classifies gig workers as contractors
- CNBC's Andrew Ross Sorkin reports on news from a California Appeals Court.
- 03/14/2023
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Court Rules Uber and Lyft Drivers Are Contractors
- Uber and Lyft have landed a victory in their battle to treat drivers as contractors. In a ruling issued Monday (Mar.
- 03/14/2023
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Uber And Lyft Can Treat Drivers As Independent Contractors, California Court Rule
- The verdict allows companies like Uber and Lyft to bypass a 2019 California labor law, which would have forced them to offer benefits like health insurance and paid sick leave to their drivers.
- 03/14/2023
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Uber, Lyft, DoorDash win as appeals court upholds California's Prop. 22
- Uber Technologies Inc., Lyft Inc. and DoorDash Inc. on Monday scored a major victory in their battle to continue treating their drivers as independent contractors as an appeals court let most of an embattled California law stand.
- 03/13/2023
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Calif. court says Uber, Lyft can classify drivers as contractors
- CNBC's Deirdre Bosa reports on breaking news regarding the gig economy in California.
- 03/13/2023
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California court upholds Prop 22 in win for Uber, Lyft, DoorDash
- A California appeals court on Monday reversed a lower-court ruling that found Proposition 22, the ballot measure passed in November 2020 that classified Uber and Lyft drivers as independent contractors rather than employees, to be illegal.
- 03/13/2023
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Uber and Lyft shares rise after California court victory lets them classify drivers as contractors
- A California appeals court reversed a lower-court ruling that had found Proposition 22 unconstitutional.
- 03/13/2023
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California Court Mostly Upholds Prop. 22 in Win for Uber and Other Gig Companies
- The decision lessens the chances that gig drivers will be considered employees in the state, but it is expected to be appealed to the state Supreme Court.
- 03/13/2023
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Here's 2 Beaten Down Stocks to Help Your Portfolio Recovery
- Let's face it, 2022 was an ugly year for the stock market, with the NASDAQ 100 falling (32.58%) and the S&P 500 falling (18.17%). Individual stocks performed even worse.
- 03/13/2023
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7 Terrible Tech Stocks to Sell in March
- With the tech sector selling off throughout 2022 and attempting to make a recovery this year, it may seem to some that now is the time to look for tech stocks to buy, rather than tech stocks to sell. However, while there may be a case to be made for buying back into FAANG components like Facebook parent Meta Platforms (NASDAQ: META ), or even into more speculative tech growth stories with near-term catalysts, like SoFi Technologies (NASDAQ: SOFI ), there are still plenty of hard-hit tech stocks that may be in for additional declines.
- 03/12/2023
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‘If they can win here, they can win anywhere': The next battleground for Uber and Lyft is Massachusetts, where drivers are fighting for the right to unionize
- Estedys Novas says he drove for Uber Technologies Inc. for almost seven years — even while he was losing family members to COVID-19 — before he was banned from the app permanently in 2020 for reasons he doesn't understand.
- 03/10/2023
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‘It was traumatic': Uber, Lyft drivers decry low pay and unfair deactivations
- Drivers call for regulation of rideshare companies they say collect up to 50% of fares and arbitrarily close workers' accounts
- 03/10/2023
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5 Best and Worst Performing Mid-Cap Stocks in February 2023
- Mid-cap stocks offer a balance between stability and growth prospects. On the one hand, they offer better growth prospects than large-cap stocks, and on the other, they carry lower risk and more stability than small-cap companies.
- 03/09/2023
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Uber and Lyft drivers receive a delayed raise after three strikes and a lawsuit in New York
- After three driver strikes and a lawsuit, the New York City Taxi and Limousine Commission on Wednesday approved a raise in rates for tens of thousands of ride-hailing drivers that should begin next week.
- 03/08/2023
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Lyft's stock hits intraday low, on track to close at lowest price ever
- Lyft Inc.'s stock, which has declined five out of the past six days, hit its lowest intraday trading level Thursday and is on track to close at a record low.
- 03/02/2023
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Uber and Lyft drivers are facing discrimination from customers — and getting banned from the apps, report finds
- Drivers for ridesharing companies like Uber Technologies Inc. and Lyft Inc. can be kicked off the apps after facing discrimination from riders, a new study has found.
- 02/28/2023
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Best Stock to Buy: Lyft vs. Uber vs. DoorDash
- The three companies are growing rapidly while generating losses on the bottom line.
- 02/28/2023
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7 Stocks That Just Have No Hope Left
- Let's face it – there are some stocks to sell that just have no hope left. Hope is a great thing.
- 02/24/2023
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Is Lyft Stock A Buy In February 2023 After Q4 Earnings?
- Lyft is trying to find its footing after a dismal Q4 earnings report. The post Is Lyft Stock A Buy In February 2023 After Q4 Earnings?
- 02/23/2023
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Lyft: A Bargain At $11
- Lyft shares look priced at bargain levels near $11 following a 36% plunge following Q4's report and Q1's weaker-than-expected guidance. Although the guidance raises questions about Lyft's turnaround plan, the ride-hailer trades at a steep discount to Uber.
- 02/21/2023
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Uber, Lyft, DoorDash trade group asks for delay of worker-classification rule after Marty Walsh resignation
- The resignation of Secretary of Labor Marty Walsh this week has prompted the lobbying group that represents Uber Technologies Inc., DoorDash Inc., Lyft Inc. and other gig companies to call for putting off finalizing a proposed Labor Department rule on worker classification.
- 02/17/2023
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Lyft is charging riders wait time fees — but drivers aren't reaping the rewards
- Lyft finally started charging riders wait time fees in December, but drivers are complaining those fees aren't making it into their wallets. At least, not yet.
- 02/17/2023
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Live to Trade Another Day: 5 Risk Management Ideas to Consider
- Being a successful investor is a marathon, not a sprint. In order to survive over the long term, risk management is critical.
- 02/16/2023
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Long in Uber's Shadow, Lyft's Financial Woes Thrust It Into the Spotlight
- Lyft recovered from pandemic restrictions slower than Uber, and critics said it lacked the kind of ambitious investments that could distinguish itself from its rival.
- 02/15/2023
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Lyft vs. Uber: Which Stock is the Better Buy After Earnings?
- Although Uber and especially Lyft stock have given back their gains since going public, they are still intriguing growth investments.
- 02/14/2023
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Why Is Everyone Talking About Lyft Stock?
- Lyft's stock was crashing after it reported earnings.
- 02/14/2023
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Uber Is Getting Better as it Gets Bigger. Lyft Isn't.
- The smaller ride-hailing outfit isn't showing any signs it will swing to an operating profit anytime soon.
- 02/14/2023
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Is Lyft Stock a Buy Now?
- The transportation services company faces tough near-term headwinds.
- 02/13/2023
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Uber and Lyft earnings diverge, a self-driving truck roadblock emerges and Redwood Materials lands a big one
- The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox.
- 02/13/2023
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LYFT Stock: 36.44% Plummet Explanation
- The stock price of Lyft (NASDAQ: LYFT) plummeted 36.44% in the most recent trading session. This is why.
- 02/11/2023
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Lyft's earnings miss looks like management is ‘playing darts blindfolded': Analyst
- Wedbush Managing Director and Senior Equity Analyst Dan Ives joins Yahoo Finance Live anchors Seana Smith to assess Lyft's earnings miss, the possibility of foreign acquisition to bolster the ride-share company, and how it can move towards profitability in the U.S. market.
- 02/10/2023
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Lyft stock crashes after reporting disappointing Q1 earnings, weakened guidance
- The Yahoo Finance Live anchors Dave Briggs and Seana Smith discuss Lyft's latest stock moves.
- 02/10/2023
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5 Investors Betting Big on Lyft (LYFT) Stock
- Lyft (NASDAQ: LYFT ) stock closed lower by more than 36% today after the ride-hailing company reported its fourth-quarter earnings. As evident by the price action, investors didn't take the results too well.
- 02/10/2023
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Uber, Lyft earnings highlight a tale of two rideshares
- Yahoo Finance's Allie Garfinkle and Pras Subramanian join the Live show to discuss quarterly earnings for Uber and Lyft.
- 02/10/2023
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Three-Stock Lunch: LYFT, EXPE & UPS
- Shelby McFaddin, sr. analyst at Motley Fool Asset Management, joins 'Power Lunch' to discuss three stocks: Lyft, Expedia and UPS.
- 02/10/2023
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Lyft Shares Tank As Earnings Disappoint Investors
- Shares of Lyft fell over 30% after it issued weak guidance going into its first quarter. SUBSCRIBE | http://t.st/TheStreetTV MORE VIDEOS: https://www.thestreet.com/video ACTION ALERTS PLUS | https://www.thestreet.com/signup/action-alerts-plus-video REAL MONEY PRO | https://www.thestreet.com/signup/real-money-video LINKEDIN | http://linkedin.com/company/theStreet FACEBOOK | https://www.facebook.com/TheStreet/ TWITTER | http://twitter.com/thestreet INSTAGRAM | https://www.instagram.com/thestreet/?hl=en #Investing #Stocks #lyft #uber
- 02/10/2023
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Lyft (LYFT) Incurs Q4 Loss, Revenues Surpass Expectations
- Lyft's (LYFT) fourth-quarter 2022 earnings decrease year over year while revenues increase.
- 02/10/2023
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Why Lyft and Expedia Dragged Down the Nasdaq Friday
- Markets were mixed, but the tech-heavy Nasdaq index was weak.
- 02/10/2023
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Lyft is heading for its worst trading day ever after grim earnings report shows the company falling behind Uber
- The ride-hailing company slumped 37% after posting weaker-than-expected revenue guidance for the first quarter of 2023.
- 02/10/2023
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Why Lyft Stock Shifted Into Reverse Today
- The company reported an unexpected fourth-quarter loss.
- 02/10/2023
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Lyft tumbles on poor guidance
- CNBC's Deirdre Bosa joins CNBC's 'Squawk on the Street' to report on Lyft after shares plunged following weak guidance in its earnings report Thursday.
- 02/10/2023
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Lyft shares skid 35% on fears Uber is speeding ahead
- Lyft shares fell 35% on Friday after a bleak forecast fueled worries that the company will have to cut prices and sacrifice profit to avoid being a distant second to rival Uber in the North American ride-sharing market.
- 02/10/2023
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Lyft's recovery stalls amid weak guidance and pricing wars
- CNBC's Deirdre Bosa joins CNBC's 'Squawk on the Street' to report on Lyft. The shares of the ride-hailing company plunged after issuing weak guidance in its earnings report on Thursday.
- 02/10/2023
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Lyft stock crash, PayPal CEO retiring, Super Bowl: What to know in markets
- Yahoo Finance's Brad Smith breaks down the top three stories on Friday morning including Lyft stock crashing, Pay Pal CEO Dan Schulman retiring, plus the finances behind the Super Bowl.
- 02/10/2023
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Lyft Losing War With Uber? Stock Heading Toward Worst Day Ever
- Lyft's $4 billion market cap Friday is six times less than what it was at its 2019 IPO.
- 02/10/2023
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Lyft stock melts down after earnings ‘debacle for the ages'
- Lyft Inc. isn't getting too many stars for its latest earnings report, which is helping to send shares down more than 30% Friday morning as numerous bulls head for the hills and fret about the company's struggles to compete against rival Uber Technologies Inc.
- 02/10/2023
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Why Is Lyft (LYFT) Stock Down 31% Today?
- Lyft (NASDAQ: LYFT ) stock is taking a beating on Friday after the ride-sharing company released its Q4 2022 earnings report. That earnings report starts with the company's earnings per share of -75 cents.
- 02/10/2023
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Lyft stock is getting punished, down more than 30% after weak guidance
- Lyft's CFO pointed to "seasonality and lower prices" to explain the guidance.
- 02/10/2023
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Lyft's Defensive Driving Stalls Out
- Having focused heavily on profits, ride-hailer Lyft is now getting beaten by rival Uber at its own game.
- 02/10/2023
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Lyft falls as forecast exacerbates worries of falling behind Uber
- Shares of Lyft fell more than 30% before the bell on Friday after forecasting first-quarter profit below estimates, amplifying worries that it was falling behind Uber as the ride-hailing firms look to rebound from pandemic lows.
- 02/10/2023
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Lyft slumps by a third on losses and downbeat forecast
- Lyft shares slumped by a third overnight in the US as the Uber rival posted another big loss in spite of record revenues. Investors sold in droves in after hours trading with shares hitting US$11.30 having closed at US$16.22.
- 02/10/2023
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Lyft Stock Tumbles Further. Uber Price War Ramps Up.
- The ride-hailing company received analyst downgrades after forecasting weak revenue as it seeks to compete with its main rival's pricing.
- 02/10/2023
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Lyft, Inc. (LYFT) Q4 2022 Earnings Call Transcript
- Lyft, Inc. (NASDAQ:LYFT ) Q4 2022 Earnings Conference Call February 9, 2023 5:00 PM ET Company Participants Sonya Banerjee - Head of Investor Relations Logan Green - Chief Executive Officer, Co Founder and Director Elaine Paul - Chief Financial Officer John Zimmer - President, Co Founder and Vice Chair Conference Call Participants Doug Anmuth - JPMorgan Chase and Company Stephen Ju - Credit Suisse Mark Mahaney - Evercore ISI Nikhil Devnani - Bernstein Eric Sheridan - Goldman Sachs Brian Nowak - Morgan Stanley Alex Potter - Piper Sandler Steven Fox - Fox Advisors Lloyd Walmsley - UBS Deepak Mathivanan - Wolfe Research John Blackledge - Cowen and Company Benjamin Black - Deutsche Bank Operator Good afternoon, and welcome to the Lyft Fourth Quarter 2022 Earnings Call. At this time, all participants are in listen-only mode to prevent any background noise.
- 02/09/2023
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Markets Slide on Interest Rate Ruminations; PYPL, LYFT, EXPE Report
- The Dow was -258 points, -0.76% for the day, the S&P 500 -0.87%, the Nasdaq sank an even -1.00% and the Russell 2000 took up the rear, -1.39%.
- 02/09/2023
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Lyft (LYFT) Reports Q4 Loss, Tops Revenue Estimates
- Lyft (LYFT) delivered earnings and revenue surprises of -850% and 1.53%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 02/09/2023
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Lyft is making 'progress towards profitability, but it's slow progress': Analyst
- ROTH MKM Managing Director Rohit Kulkarni spoke with Yahoo Finance Live anchors Dave Briggs and Seana Smith to talk about ride-share leader Lyft's latest earnings report, its revenue growth amid heightened competition with Uber, and acquisition potentials
- 02/09/2023
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Lyft stock tanks 30% on weak guidance: buy on the sell-off?
- Shares of Lyft Inc (NASDAQ: LYFT) crashed over 30% in extended trading on Thursday after the ride-hailing company cited “seasonality” and issued weak guidance for its current financial quarter. Is it a suitable time to invest in Lyft stock?
- 02/09/2023
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Lyft stock continues to slide following earnings miss, weakened revenue guidance
- Yahoo Finance's Pras Subramanian joins the Live show to help breakdown ride-share giant Lyft's latest earnings report.
- 02/09/2023
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Lyft's earnings prove it's Uber's little brother, says Wedbush's Dan Ives
- Dan Ives, Wedbush Securities, joins 'Closing Bell: Overtime' to discuss Lyft's earnings report and how the company compares to Uber.
- 02/09/2023
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Lyft shares get crushed on weak guidance for first quarter
- Lyft beat the street on revenue in the fourth quarter, but it wasn't enough to assuage investors who reacted to the ride-hailing company's weak guidance for the first three months of 2023. Lyft lowered expectations for revenue in the first quarter to $975 million.
- 02/09/2023
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Lyft Stock Plunges As Earnings Miss Big, Revenue Outlook Falls Short
- Lyft stock plunged as earnings fell below expectations, with a current-quarter outlook that was also below views for the ride-hailing firm. The post Lyft Stock Plunges As Earnings Miss Big, Revenue Outlook Falls Short appeared first on Investor's Business Daily.
- 02/09/2023
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Lyft beats on top and bottom lines, guidance down
- CNBC's Deirdre Bosa joins 'Closing Bell: Overtime' to report on Lyft's earnings. Wedbush's Dan Ives reacts to the report.
- 02/09/2023
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Lyft stock sinks more than 20% after sales outlook fails to reach $1 billion
- Lyft Inc. posted record revenue for a second consecutive quarter Thursday, but the company's worse-than-expected forecast tanked its stock in extended trading.
- 02/09/2023
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Lyft shares tank 20% after company issues weak guidance
- Lyft shares fell 20% during after hours trading after issuing weak guidance in its earnings report on Thursday.
- 02/09/2023
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Lyft forecasts revenue below estimates, blames cold weather, lower prices
- Lyft Inc on Thursday forecast current-quarter revenue below Wall Street estimates, blaming extremely cold weather in some of its major markets and lower prices, especially during peak hours, sending its shares down 23% in extended trading.
- 02/09/2023
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Trading Strategies For Lyft Stock Before And After Q4 Earnings - Lyft (NASDAQ:LYFT)
- Lyft, Inc LYFT is set to print its fourth-quarter earnings after the markets close Thursday.
- 02/09/2023
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Earnings Exchange: EXPE, LYFT & PYPL
- Steve Grasso, Grasso Global CEO, joins ‘The Exchange' to discuss a few stocks ahead of earnings, including Expedia, Lyft and PayPal.
- 02/09/2023
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Lyft, PayPal, Cloudflare set to report earnings
- Yahoo Finance Live's Rachelle Akuffo discusses the earnings expectations for Lyft, PayPal, and Cloudflare.
- 02/09/2023
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Lyft earnings: Why there are still signs of optimism amid competition with Uber
- Yahoo Finance's Allie Garfinkle joins the Live anchors to discuss the expectations for Lyft earnings, its resurgence in the ride-sharing market, the driver shortage, and the outlook for Lyft.
- 02/09/2023
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Previewing Lyft's Q4 Following Strong Results From Uber
- The market took Uber's strong results in stride, sending shares soaring in pre-market trading. Can Lyft deliver the same?
- 02/08/2023
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Lyft continues to maneuver through driver shortage as rival Uber boasts revenue growth
- Yahoo Finance tech reporter Allie Garfinkle joins Yahoo Finance Live to talk about the competition between Uber and Lyft.
- 02/08/2023
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Wedbush's Dan Ives is bullish on Uber, expects good earnings from Lyft
- Dan Ives, Wedbush Securities, joins 'Closing Bell' to discuss upgrading Uber to outperform as well as how he feels about Lyft.
- 02/08/2023
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Lyft investors should worry about it being an acquisition target, says Virtus' Joe Terranova
- CNBC's ‘Halftime Report' investment committee, Kari Firestone, Jim Lebenthal and Joe Terranova, discuss Uber's earnings and the artificial intelligence race between Big Tech companies.
- 02/08/2023
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3 Stocks to Consider Buying Before Earnings
- These three stocks offer diversification in investment portfolios across multiple sectors and appear to have more upside left despite their strong performances to start 2023.
- 02/07/2023
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Uber to steal a march on Lyft in resurgent rideshare market
- Uber Technologies Inc's revenue growth is set to outpace that of rival Lyft Inc as the rideshare firm's presence in major markets around the world gives it the heft to deal with inflationary pressures.
- 02/07/2023
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Looking for Turnaround Plays? 5 EPS Reports to Watch this Week
- Though most of big tech has reported earnings, this week still showcases some key reports. Andrew Rocco breaks down 5 key stocks to watch.
- 02/07/2023
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Lyft app downloads anticipated to miss estimates as competition with Uber heats up
- Yahoo Finance anchors Dave Briggs and Jared Blikre discuss Lyft stock downgraded to Hold as the ridesharing company is projected to miss analyst estimates for app downloads amid increased competition with Uber.
- 02/06/2023
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Rebound in travel to drive 'solid' results for ride-share giants Uber and Lyft, analysts say
- Uber Technologies Inc (NYSE:UBER) and Lyft Inc (NASDAQ:LYFT) should post “solid” quarterly results this week as the travel market rebounds post-COVID, according to analysts at Canaccord Genuity (TSX:CF, LSE:CF). Uber shares rose 1.3% trading at US$33.51 on Monday morning ahead of the company's 4Q results which are due to be released before the market opens on Wednesday, February 8.
- 02/06/2023
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Pinterest, Chipotle, Lyft, CVS: Earnings to watch next week
- This segment originally aired on Feb 2, 2023. Yahoo Finance Live's Rachelle Akuffo discusses the earnings expectations for companies like Pinterest, Chipotle, and Lyft.
- 02/05/2023
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Lyft wants to reshape shared micromobility with dockable e-scooter
- Lyft wants to see a more organized shared micromobility landscape, with fewer free-floating scooters and more dependable, docked vehicles. To help achieve this vision, the company revealed Thursday its next-generation dockable e-scooter and updated docking stations.
- 02/02/2023
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Analyst on why Lyft is in 'a tough spot' compared to Uber and DoorDash
- Michael Morton, SVB MoffettNathanson Sr. Research Analyst, discusses Outperform calls on Uber and DoorDash. Key Video Takeaways 00:18 On Lyft's business 00:30 On Uber & DoorDash's businesses 00:48 On Lyft's struggle to get drivers 00:57 On Lyft's analyst rating
- 01/30/2023
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Lyft: Metrics Point To Future Being Brighter Than The Recent Stock Action Reflects
- Lyft's stock is down significantly from its high of $63. Lyft's fortunes have slowly started to turn, as cost-cutting measures and increased prices should lead to profitability.
- 01/30/2023
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5 Stocks With Upgraded Broker Ratings for Solid Returns in 2023
- As brokers have a deeper insight into stocks, one must follow rating upgrades for solid returns. We pick Philip Morris (PM), Kroger (KR), Expedia (EXPE), Lyft (LYFT) and Agilent (A) as these witness rating upgrades.
- 01/30/2023
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Lyft: Focus On Profitability
- Lyft has crashed more than 50% over the past year, especially as its growth rates have fallen substantially behind Uber. Still, the popular ride-share app has focused on profitability while Uber has banked on "moonshots"
- 01/30/2023
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Why Lyft Is Headed for Its Own Recession
- The ride-hailer's fundamentals show its rebound is likely to stall as the new year progresses.
- 01/28/2023
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Uber and Lyft Must Convert Fleets to EVs in New York City by 2030
- The mayor of the US' largest city outlines new rules for rideshares.
- 01/26/2023
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Lyft adds wait time fees, nearly seven years after Uber
- Lyft has introduced wait time fees – in other words, charges incurred if a Lyft driver has to wait for you upon pickup. The rideshare platform hasn't had these previously, despite its main competitor Uber having them since 2016.
- 01/24/2023
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LYFT Stock Gets a Boost From Analyst Upgrade
- Lyft (NASDAQ: LYFT ) stock is on the rise Tuesday after KeyBanc analyst Justin Patterson upgraded the ride-sharing company's shares. The KeyBanc analyst upgraded shares of LYFT stock from a “sector weight” rating to an “overweight” rating.
- 01/24/2023
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Analyst Upgrades Lyft Stock After Layoffs
- Lyft Inc (NASDAQ:LYFT) stock is up 1.4% to trade at $15.62 at last glance, after Keybanc upgraded the shares to "overweight" from "sector weight.
- 01/24/2023
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Lyft Rises After Upgrade on ‘Meaningful Opportunity' for Better Earnings
- Ride-sharing app Lyft could pick up this year, according to analysts at KeyBanc who bumped the stock to Overweight from Sector Weight.
- 01/24/2023
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Lyft To Announce Fourth Quarter 2022 Financial Results
- SAN FRANCISCO--( BUSINESS WIRE )--Lyft, Inc. (Nasdaq: LYFT) (the “Company” or “Lyft”) will release financial results for the fourth fiscal quarter of 2022 after the close of the market on Thursday, February 9, 2023.
- 01/20/2023
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7 Stocks to Avoid as Layoff Headlines Explode
- Invariably, with the Federal Reserve forced into the unenviable task of taking away the monetary punch bowl, certain stocks to avoid would come up based on mass layoffs. Effectively, the earlier response to the coronavirus pandemic led to a dramatic rise in the real M2 money stock.
- 01/16/2023
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I'll Avoid These Sectors In 2023
- I wrote an article about which sectors I intend to focus on for this year, with a number of example picks for each sector. In this article, it's the opposite. I will show you what sectors I will try to avoid, given volatility or negative potential for these sectors.
- 01/15/2023
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Final Trades: STEM, XRT, AGG & LYFT
- The final trades heading into the holiday weekend. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Bonawyn Eison, Steve Grasso and Jeff Mills.
- 01/13/2023
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Pay raises for Uber and Lyft drivers ‘held up by a technicality,' NYC judge says
- A judge who blocked what he called a deserved pay raise for ride-hailing drivers in New York City is asking the commission that mandated raises to show its math work.
- 01/10/2023
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UBER Stock Benefits From a Favorable Court Ruling
- The court ruling saves UBER from incurring additional monthly cost between $21-$23 million.
- 01/10/2023
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Uber, Lyft stocks boosted as Wall Street continues to like gig companies' recession chances
- Uber Technologies Inc. and Lyft Inc. shares jumped in Monday trading as Wall Street analysts continued to suggest that gig companies — largely created during and after the last large U.S. recession — could flourish in any coming economic pullback.
- 01/09/2023
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Uber, Lyft and DoorDash drivers fear losing out if a recession fuels influx of new gig workers
- If a possible recession and higher unemployment this year lead to an influx of new gig workers, as some analysts are predicting, existing ride-hailing drivers and delivery workers worry that will mean less work for them.
- 01/05/2023
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Lyft Has Plenty Of Upside Potential Starting 2023 Near All-Time Lows
- Lyft is heavily discounted to peers and offers as much as 60% upside to trade closer alongside Uber in our view. Lyft is closer to long-term continual profitability than competitors and trades near all-time lows.
- 01/04/2023
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Uber, DoorDash and Lyft could see hundreds of thousands of new gig workers this year, analysts say
- Echoing what gig-company executives have been saying lately, Bank of America Securities analysts wrote in a note Tuesday that the companies could see an upside from a recession and higher unemployment this year: hundreds of thousands more gig workers.
- 01/03/2023
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Grubhub co-founder: ‘When you care about delivering a better product,' don't rely solely on the gig-work model
- Mike Evans co-founded Grubhub Inc., one of the top food-delivery platforms in the nation after DoorDash Inc. DASH, -1.53% and Uber Technologies Inc.'s UBER, -0.72% Uber Eats.
- 12/30/2022
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Lyft stock closes lower than $10 for the first time, three-quarters of its valuation has been wiped away this year
- Shares of Lyft Inc. closed lower than $10 for the first time Tuesday as the ride-hailing company's shares head for their worst year yet.
- 12/27/2022
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3 Monster IPOs You Should Watch for in 2023
- Improving market conditions could see these giants go public next year.
- 12/23/2022
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Are Lyft and Beyond Meat Viable Investments for 2023 and Beyond?
- Despite the setbacks, this year's massive drop in Lyft and Beyond Meat stock may be intriguing to many investors.
- 12/21/2022
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Goldman Sachs Out With 10 Top Tech and Internet Stock Picks for 2023
- More than once, the technology and internet world has crashed and burned, and often for far different reasons.
- 12/16/2022
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Bear Signal Threatens to Pressure Lyft Stock Lower
- Ride-hailing platform Lyft Inc (NASDAQ:LYFT) and EVgo (EVGO) are launching a new partnership to provide Lyft drivers with discounted charging on EVgo's fast-charging network.
- 12/14/2022
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Lyft: No Bankruptcy Risk Here
- Lyft trades at all-time lows as investors misunderstand the financials and assign irrational bankruptcy risk to the company. The transportation network is already generating solid adjusted EBITDA profits and should generate operating cash flows soon.
- 12/14/2022
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Uber and Lyft's compensation fight with California takes on bigger question of voters' sway
- What happens next in the saga of Proposition 22, the California voter-approved law that would allow gig companies to continue treating drivers as independent contractors instead of employees, is in the hands of an appeals court, and the results could have larger implications than just what's in store for these plaintiffs.
- 12/13/2022
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Lyft drivers to receive discounted charging with EVgo
- One of the core advantages of owning an electric vehicle over a gas-powered one is that, despite the higher upfront cost, charging and maintaining it is typically significantly less expensive. For Lyft (NASDAQ: LYFT) drivers, it just got even cheaper when the company on Tuesday, announced a new discounted charging program with EVgo Inc. (NASDAQ: EVGO), which operates one of the nation's largest networks of fast-charging stations for EVs.
- 12/13/2022
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Lyft Gives Drivers Another Reason to Go Electric, With EVgo Charging Discount
- EVgo operates about 850 direct-current, fast-charging locations that serve more than 60 metropolitan areas across 30-plus U.S. states.
- 12/13/2022
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Wallbox ($WBX) and Lyft ($LYFT) Announce Partnership to Increase Home EV Charging
- Wallbox (NYSE: WBX) and Lyft (NASDAQ: LYFT) have announced a new partnership to make Level 2 home EV chargers available to Lyft drivers. The new partnership marks the first collaboration between the two companies and highlights their commitments to lowering barriers to electric vehicle ownership in North America.
- 12/13/2022
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Lyft Looks More Like A Risky Option Than An Investment
- Present value at $4.7 billion, value at maturity of $26 billion. May be considered undervalued for portfolios that can absorb the risk.
- 12/07/2022
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7 Nasdaq Stocks to Sell Before They Plunge in 2023
- While the concept of Nasdaq stocks to sell won't resonate too kindly with generally optimistic Americans, it's become a reality. It's not just about the fact that on a year-to-date basis, the benchmark S&P 500 index still trades in negative territory.
- 12/05/2022
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7 Boom-Bust Stocks to Sell Before They Become Worthless
- 2022 was a disaster. Over these last 11 months, inflation hit a 40-year high.
- 11/28/2022
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Lyft Earnings Call Results — Why The Stock Sank After Delivering Good News
- Lyft stock continues to fall in spite of solid earnings results, as the rideshare industry continues to rebound from pandemic lows. Investor sentiment muddies the outlook amid rising gas prices and layoffs.
- 11/27/2022
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Lyft, Redwood Materials partner to recycle shared e-bike and e-scooter batteries
- Lyft is partnering with Redwood Materials, a battery recycling company founded by ex-Tesla co-founder JB Straubel, to ensure the batteries from its fleets of shared electric bikes and scooters don't end up in landfill at their end of life.
- 11/23/2022
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Lyft stock downgraded amid concerns about economic pressures, insurance costs
- Shares of Lyft Inc. LYFT, -1.43% were down more than 1% in premarket trading Tuesday after Cowen & Co. analyst John Blackledge downgraded the stock to market perform from outperform, writing of potential pressures stemming from insurance costs and the macroeconomic climate. On Lyft's last earnings call, President John Zimmer said that inflationary pressures and rising insurance costs were an "industry issue" and that they were "primarily driven by rising premiums as a result of higher cost of used vehicles, vehicle repair, higher medical costs and increased litigation costs.
- 11/22/2022
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Lyft beats revenue, $609M vs. $559M estimated
- Deirdre Bosa joins 'Closing Bell' to report Lyft's quarterly earnings reports.
- 11/19/2022
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We'll be looking for Lyft's profitability timeline: D.A. Davidson analyst
- Tom White, senior research analyst of D.A. Davidson, joins 'Closing Bell' to discuss Lyft earnings.
- 11/19/2022
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A Lyft earnings alert after the call
- CNBC's Deirdre Bosa follows up on Lyft earnings following the conference call. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Steve Grasso.
- 11/19/2022
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Lyft, Motional to launch robotaxi service in Los Angeles
- Lyft and driverless technology firm Motional said on Thursday that residents in Los Angeles will be able to book robotaxis on the ride-hailing company's app, but did not specify by when the service will be available.
- 11/17/2022
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Uber, Lyft to pay NYC drivers more by end of year
- Uber and Lyft will have to increase the minimum pay rates for drivers in New York City by the end of the year, Engadget reports. The fare increase comes amid a driver shortage post-pandemic, in large part due to rising operational costs.
- 11/15/2022
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After Earnings and Burning Cash, Is Lyft in Trouble?
- Lyft just reported its biggest quarter ever, and management is optimistic. But a weakening balance sheet and continued cash burn paint a different picture.
- 11/15/2022
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Poor Q3 Results From Lyft and Uber Rekindle Questions About Ride-Hailing's Future
- Maybe the business model just doesn't make sense (or money) as is.
- 11/11/2022
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Lyft-backed plan to fund electric cars flops in California
- California voters shot down a plan to make electric vehicles more affordable for some residents, dealing a blow to Lyft and the EV industry alike. Proposition 30 would have taxed residents making more than $2 million a year to subsidize electric cars and public charging stations as well as funded wildfire prevention programs.
- 11/09/2022
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Why LYFT Stock Plunges 22.91% Despite Q3 Earnings Beat
- In the third quarter of 2022, LYFT's total revenues of $1053.8 million lag the Zacks Consensus Estimate of $1054.7 million.
- 11/09/2022
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In An Emotional Letter, Zuckerberg Details Reason For Mass Layoffs
- Meta stock climbed as Chief Executive Mark Zuckerberg announced plans to slash about 11,000 jobs, or 13% of its workforce. The post In An Emotional Letter, Zuckerberg Details Reason For Mass Layoffs appeared first on Investor's Business Daily.
- 11/09/2022
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Why Lyft Backs Prop 30
- Lyft Co-Founder and President John Zimmer joins Emily Chang after its earnings report showing weaker-than-expected growth in riders. He also discusses the company's second round of layoffs of the year, and shares his thoughts on Proposition 30 in California.
- 11/08/2022
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Lyft stock swerves downward amid declines in rider volume
- Yahoo Finance Live anchors Dave Briggs, Seana Smith and Rachelle Akuffo discuss Lyft shares following a disappointing earnings report.
- 11/08/2022
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Why Lyft Stock Was Tumbling Today
- Growth in Lyft's rider base is slowing faster than expected.
- 11/08/2022
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Lyft co-founder talks earnings, layoffs, and competition with Uber
- Lyft Co-Founder John Zimmer joins Yahoo Finance Live to discuss the company's latest quarterly earnings, the sell-off in the stock, the outlook for profitability and growth, recent mass layoffs, competing for market share with Uber, and the future of autonomous vehicles.
- 11/08/2022
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Lyft third-quarter earnings and market outlook
- John Hancock Investment Management Co-Chief Investment Strategist Emily Roland joins Yahoo Finance Live to discuss third-quarter earnings for Lyft, U.S. inflation, a recession, and the outlook for the global economy.
- 11/08/2022
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Lyft plunges 18% after disappointing 3rd-quarter earnings suggest Uber is taking share from the ride-hailing company
- While Lyft saw a decline in active riders, Uber saw a surge in active riders last quarter, bolstering the idea that Uber is taking share from Lyft.
- 11/08/2022
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Lyft President John Zimmer breaks down mixed Q3 earnings report
- Lyft President John Zimmer joins CNBC's 'Squawk Box' to break down the ride-hailing company's mixed third-quarter earnings report.
- 11/08/2022
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Lyft shares tumbles 17% after disappointing revenue, active rider miss
- Lyft reported third-quarter revenue that fell short of estimates, and active riders came in below Wall Street's forecast.
- 11/08/2022
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Lyft stock sinks amid ‘very concerning' rider trends and pressure from Uber
- Analysts hailed Uber Technologies Inc. as their ride-sharing preference Tuesday as Lyft Inc. posted quarterly results that indicated it was feeling some pressure from its larger rival.
- 11/08/2022
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Investors dump Lyft on signs Uber is snatching market share
- Lyft Inc shares sank 20% on Tuesday on signs that competition from bigger rival Uber was stalling user growth and eating into the market share of the ride-hailing firm.
- 11/08/2022
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Lyft Keeps Pumping the Wrong Gas
- As its share price falls, Lyft is still gassing up the same single-lane approach.
- 11/08/2022
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Lyft Stock Tumbles on Growth Concerns. Uber Casts a Shadow Over Its Rival.
- Lyft says it lost market share in the quarter due to Uber's aggressive driver incentives.
- 11/08/2022
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Lyft, Inc. (LYFT) Q3 2022 Earnings Call Transcript
- Lyft, Inc. (NASDAQ:LYFT ) Q3 2022 Earnings Conference Call November 7, 2022 4:30 PM ET Company Participants Sonya Banerjee - Head, IR Logan Green - Co-Founder, CEO & Director Elaine Paul - CFO John Zimmer - Co-Founder, President & Vice Chairman Conference Call Participants Douglas Anmuth - JPMorgan Chase & Co. Stephen Ju - Crédit Suisse Mark Mahaney - Evercore ISI John Blackledge - Cowen Eric Sheridan - Goldman Sachs Steven Fox - Fox Advisors Deepak Mathivanan - Wolfe Research Brian Nowak - Morgan Stanley Benjamin Black - Deutsche Bank Operator Good afternoon, and welcome to the Lyft Third Quarter 2022 Earnings Call. [Operator Instructions].
- 11/07/2022
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Markets Up Ahead of Election Day; LYFT, TRIP, ATVI Report
- "Gridlock" is seen as good for the markets because it keeps Capitol Hill from regulating, taxing or otherwise augmenting the marketplace.
- 11/07/2022
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Lyft (LYFT) Surpasses Q3 Earnings Estimates
- Lyft (LYFT) delivered earnings and revenue surprises of 37.50% and 0.08%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 11/07/2022
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Lyft takes $135.7 million hit on Argo AI shutdown
- Ride-hailing company Lyft lost $135.7 million in the third quarter due to the shutdown of autonomous vehicle company Argo AI, in which Lyft had a small stake.
- 11/07/2022
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Stocks moving in after hours: Lyft, Take-Two, Activision, Trip Advisor, Groupon
- Yahoo Finance Live's Seana Smith breaks down how stocks are trading after hours.
- 11/07/2022
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Lyft gets hammered after active rider miss
- Eric Jackson of EMJ Capital joins 'Closing Bell: Overtime' to discuss Lyft shares dropping after disappointing earnings. The company appears to be losing market share to Uber.
- 11/07/2022
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Lyft beats EPS but misses on revenue and active riders
- CNBC's Deirdre Bosa reports on Lyft earnings.
- 11/07/2022
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Lyft Shares Tumble as Earnings Disappoint
- After a strong quarter last week from Uber, expectations were high for Lyft's results. Investors wanted better results than the company posted.
- 11/07/2022
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How To Trade Lyft Into Q3 Earnings: Has Stock Bottomed Or More Pain Ahead? - Lyft (NASDAQ:LYFT)
- Lyft, Inc (NASDAQ: LYFT) is set to print its third-quarter earnings after the markets close on Monday. The stock has been heavily beaten down since reaching an all-time high of $68.28 on March 18, 2021.
- 11/07/2022
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As Layoffs Hit The Tech Sector, Facebooks Plans To Cut Thousands
- Meta stock jumped Monday as a report said the social network plans large-scale layoffs that could hit thousands of employees. The post As Layoffs Hit The Tech Sector, Facebooks Plans To Cut Thousands appeared first on Investor's Business Daily.
- 11/07/2022
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5 Mid Cap Stocks to Buy Ahead of Q3 Earnings Results This Week
- We have chosen five mid-cap companies that will report third-quarter earnings results this week. These are: FIVN, PLTK, TRIP, FSK and LYFT.
- 11/07/2022
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Lyft, Stripe, Twitter among tech companies laying off employees
- Yahoo Finance's Akiko Fujita discusses the layoffs and hiring freezes sweeping the tech sector.
- 11/04/2022
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Fintech Layoffs 2022: What to Know About Stripe, Chime Job Cuts
- Fintech layoffs are a hot topic among traders today with both Stripe and Chime announcing job cuts. Let's start with Stripe, which is cutting 14% of its workforce.
- 11/04/2022
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Lyft Layoffs 2022: What to Know About LYFT Job Cuts
- Lyft (NASDAQ: LYFT ) stock is on the move Friday after the ride-sharing company revealed plans to cut more jobs. This has Lyft cutting 13% of its workforce, which is the second time the company has reduced its headcount since July.
- 11/04/2022
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Is a Surprise Coming for Lyft (LYFT) This Earnings Season?
- Lyft (LYFT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 11/04/2022
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Read part of the memo Lyft's cofounders sent to employees as the company begins laying off nearly 700 staffers
- "Despite efforts to avoid this day, we've made the difficult decision to lay off 13% of the team," Lyft cofounders told employees in a memo Thursday.
- 11/03/2022
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Breaking Down Lyft (LYFT) Stock Before Earnings
- Lyft will be a highlight of earnings next week, with the company set to release its Q3 report on Monday, November 7. Only three years removed from its IPO in 2019, each quarterly report and the company's guidance are crucial for LYFT's stock.
- 11/03/2022
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Lyft, Amazon and Twitter announce layoffs or hiring freezes amid tech slowdown
- Yahoo Finance's Dan Howley discusses how the slowdown in tech is affecting companies' hiring plans.
- 11/03/2022
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Lyft laying off nearly 700 workers
- Ride-share company Lyft announced Thursday that it has plans to slash its total headcount by 13%, with approximately 683 workers being impacted.
- 11/03/2022
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Lyft to lay off 13% of staff
- Lyft on Thursday said it will lay off 13% of its staff, or nearly 700 employees, as it rethinks staffing amid rising inflation and fears of a looming recession.
- 11/03/2022
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Lyft to cut 13% of its workforce in second round of layoffs
- Yahoo Finance Live's Akiko Fujita discusses Lyft's plans to cut 13% of its workforce in a second round of layoffs.
- 11/03/2022
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Lyft lays off 13% of workforce as it tries to slash operating expenses
- Lyft said Thursday it is laying off 13% of its workforce as it tries to reduce operating expenses, according to a securities filing. The ride-hailing company described the cuts as proactive step to ensure it “is set up to accelerate execution and deliver strong business results in Q4 of 2022 and in 2023.
- 11/03/2022
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Lyft lays off 13% of workers in second round of cuts this year, maintains financial guidance
- Lyft Inc. is laying off 13% of its workforce, which amounts to about 650 jobs, in what its executives are calling a proactive step as they look to a possible recession and plan for the coming year.
- 11/03/2022
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Lyft to lay off 683 employees in cost-cutting push
- Lyft Inc said on Thursday it would lay off 13% of its workforce, or about 683 employees, in the ride-hailing firm's latest cost-cutting step to cope with a weakening economy.
- 11/03/2022
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Lyft cuts 13% of its workforce
- Lyft said Thursday it's cutting 13% of its workforce, impacting all teams.
- 11/03/2022
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Lyft Plans to Lay Off Hundreds of Staffers
- The company is cutting 13% of staff, translating to hundreds of jobs, the second round of cuts at the ride-hailing giant in recent months.
- 11/03/2022
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Lyft (LYFT) to Report Q3 Earnings: Is a Beat in the Cards?
- Lyft's (LYFT) third-quarter 2022 revenues are expected to have benefited from increase in Active Riders. Rising expenses are likely to have hurt its bottom line.
- 11/02/2022
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Why Lyft Stock Was Climbing Today
- A strong report by rival Uber gave Lyft a boost.
- 11/01/2022
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The problem for travel stocks is fear of a weakening consumer next year, says Goldman's Sheridan
- Eric Sheridan, Goldman Sachs managing director, joins 'TechCheck' to discuss Sheridan's thoughts on Uber's quarterly earnings results, if Uber's result foreshadows what investors will hear from other companies and more.
- 11/01/2022
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Breaking Down UBER Stock Ahead of Earnings
- Trading 45% from its highs, investors will be closely watching Uber Technologies (UBER) Q3 earnings release on November 1. Investors and Wall Street alike will want to see if the company is getting closer to profitability amid a challenging operating environment for most companies.
- 10/31/2022
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Lyft Co-Founder Talks Stock-Price Tumble, Autonomous Cars | Tech News Briefing Podcast | WSJ
- Ride-hailing is facing a lot of challenges: Fares are up, drivers are in short supply, and the prospect of a recession looms. Lyft co-founder and President John Zimmer says that is why his company is sticking with its core business.
- 10/26/2022
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Lyft relaunches monthly subscription plan at half the price
- Ride-hail giant Lyft has relaunched Lyft Pink, its monthly subscription plan, at half of its previous price. At $9.99 per month or $99 per year, the new membership offers perks like free priority pickups and a discount of “at least” 5% on Preferred, Lux and XL rides, the company said Tuesday.
- 10/25/2022
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Uber, Lyft stocks rise as Deutsche Bank points to strong ridesharing demand
- Yahoo Finance's Brian Sozzi breaks down a Deutsche Bank note on ridesharing companies.
- 10/21/2022
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Lyft: Days Could Be Numbered As A Standalone Business
- We believe Lyft is a good acquisition candidate for several players in the market, such as Amazon, Google, or any car services/taxi companies. Competition is intensifying, and traditional taxi services are now offering prices that rival ride-sharing prices in many major metros, limiting growth for Lyft.
- 10/21/2022
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Lyft co-founder says autonomous vehicles won't replace drivers for at least a decade
- In appearance at TechCrunch Disrupt, John Zimmer spoke on slow AV rollout and why Lyft hasn't banned drivers from using Autopilot.
- 10/20/2022
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Uber plans to show ads on its app, Lyft launches new parking reservation feature
- Yahoo Finance Live anchor Dave Briggs breaks down the latest news on Uber and Lyft.
- 10/20/2022
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Lyft now lets users reserve parking spots in app
- Yahoo Finance anchors Julie Hyman, Brad Smith and Brian Sozzi discuss a new feature Lyft rolled out that lets users book parking spots.
- 10/19/2022
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3 Gig Economy Stocks That Biden's About to Sink
- The U.S. Department of Labor recently proposed a key rule change that may hurt gig economy stocks. This update will make it tougher for gig employers to treat their workers as independent contractors.
- 10/19/2022
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Lyft Battles California Over EV Tax Funding | Tech News Briefing Podcast | WSJ
- A ballot measure in California for a new tax that would fund green transportation and wildfire prevention is pitting the state's environmentally conscious governor against ride-hailing company Lyft. But their positions on the matter may surprise you.
- 10/18/2022
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Lyft increases service fees for riders amid rising insurance costs
- Lyft is increasing the service fees its riders in the U.S. pay for each ride. The rise in cost, which will go directly to Lyft, aims to cover the higher costs of insurance, reports Reuters.
- 10/17/2022
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Lyft To Announce Third Quarter 2022 Financial Results
- SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT) (the “Company” or “Lyft”) will release financial results for the third fiscal quarter of 2022 after the close of the market on Monday, November 7, 2022.
- 10/17/2022
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Is the Uber, Lyft and gig economy battle over workers nearing its end game?
- Efforts to give Uber and Lyft drivers more worker rights and benefits are underway at both the federal and state level, with big consequences for the companies.
- 10/16/2022
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Lyft Battles Gavin Newsom Over California Measure to Fund EVs
- Lyft is backing Prop 30 in California, which would tax the rich to fund EV charging and incentives. Campaigning against the measure in ads is Gov.
- 10/16/2022
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Lyft shares could double from here: Analyst
- Lyft Inc (NASDAQ: LYFT) ended in the green on Wednesday after a Gordon Haskett analyst said the beaten down stock could double from here. Lyft shares have a 100% upside It's the first time that Robert Mollins has turned bullish on the ride-hailing company in more than a year.
- 10/12/2022
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Gig economy regulations are ‘more than priced' into stocks, analyst says
- Fox Advisors Founder & CEO Steven Fox joins Yahoo Finance Live anchors Brian Sozzi, Brad Smith and Julie Hyman to discuss the Biden administration's proposal of change to the classification of gig workers, how this will affect Uber and Lyft, regulatory concerns, and the outlook for rideshare companies.
- 10/12/2022
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Lyft stock bounces off record low after analyst recommends buying, given ‘overly negative' sentiment
- Shares of Lyft Inc. LYFT, -12.02% jumped 3.5% in premarket trading Wednesday, off the previous session's record low close, after Gordon Haskett analyst Robert Mollins recommended investor buy, citing “overly negative” sentiment and a number of potential positive catalysts. The stock had tumbled 12.0% on Tuesday, and rival ride-share company Uber Technologies Inc.'s stock UBER, -10.42% dropped 10.4%, after the U.S. Labor Department said it would revisit rules that designate whether workers are classified as employees or independent contractors.
- 10/12/2022
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Lyft: No Nuance Left
- The Biden Administration's gig worker proposal has come at a really bad time for Lyft. It's difficult to imagine a scenario where a new dawn isn't going to come.
- 10/12/2022
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Uber and Lyft see shares drop as Biden administration proposes new gig worker rule
- Uber Technologies Inc (NYSE:UBER) and Lyft Inc (NASDAQ:LYFT) saw their shares drop on Tuesday after US President Joe Biden's administration unveiled proposals for a new rule that could put more gig workers on company payrolls The rule would scrap a Donald Trump administration rule from 2021 that made it easier for firms to classify workers as independent contractors. The proposal would affect millions of workers across a range of industries, including healthcare, restaurants, construction and ride-share transportation, the US Labor Department said.
- 10/12/2022
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Gig worker labor law: 'Uber is better positioned than Lyft as most would think,' analyst says
- CFRA Research Senior Equity Analyst Angelo Zino joins Yahoo Finance Live anchors Dave Briggs and Seana Smith to discuss President Biden's proposed labor laws protecting gig workers and how that would impact ride-share giants Uber and Lyft.
- 10/11/2022
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Uber, Lyft, and Door Dash Might Be In Trouble
- A proposed rule from the U.S. Department of Labor that might make it possible for gig workers to become employees instead of just having contractor status. SUBSCRIBE | http://t.st/TheStreetTV MORE VIDEOS: https://www.thestreet.com/video ACTION ALERTS PLUS | https://www.thestreet.com/signup/action-alerts-plus-video REAL MONEY PRO | https://www.thestreet.com/signup/real-money-video LINKEDIN | http://linkedin.com/company/theStreet FACEBOOK | https://www.facebook.com/TheStreet/ TWITTER | http://twitter.com/thestreet INSTAGRAM | https://www.instagram.com/thestreet/?hl=en #uber #lyft #uberdriver #business
- 10/11/2022
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Federal gig worker proposal tanks Uber, Lyft and DoorDash stocks
- The stock prices of Uber, Lyft and DoorDash slid on Tuesday after the Department of Labor announced proposed changes to how workers should be classified. The prospective guidance is intended to “combat employee misclassification,” the federal agency said.
- 10/11/2022
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Uber, Lyft and DoorDash react to Biden's gig worker rule
- Uber, Lyft and DoorDash reacted Tuesday to the Department of Labor's proposed rule about classifying workers as employees versus independent contractors.
- 10/11/2022
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The labor department's proposal sparks selloff of gig economy stocks
- Tusk Ventures' Bradley Tusk, an early investor in Uber, joins 'Closing Bell' to discuss the labor departments proposal to classify gig workers as employees, how union forces are striving to get more worker's rights, and the market selloff sparked by the Biden Administration's announcement.
- 10/11/2022
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Biden Proposal Could Lead to Employee Status for Gig Workers
- A proposed rule, long awaited by labor activists, would make it harder for companies to classify workers as independent contractors.
- 10/11/2022
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Proposed labor rule could give millions of gig workers employee status
- The Biden administration is proposing a new labor rule that could classify millions of gig workers as employees — a move that would challenge the low-cost labor models behind Silicon Valley heavyweights such as Uber, Lyft and DoorDash.
- 10/11/2022
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New gig economy rules look like 'gut punch' for Uber and Lyft, says Dan Ives
- Dan Ives, Wedbush Securities managing director and senior equity analyst, joins 'The Exchange' to discuss Ives' take on the reclassification proposal for gig economy workers, what happens if rides from Uber, Lyft and DoorDash become more expensive and more.
- 10/11/2022
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‘Gig work' rule is in Biden administration's crosshairs, sending DoorDash and Lyft stocks to all-time lows
- The Labor Department on Tuesday proposed a rule that could cut at the heart of the business models of Uber Technologies Inc., Lyft Inc., DoorDash Inc. and other companies that primarily rely on “gig workers,” and could affect the classification of contract workers in many other industries.
- 10/11/2022
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Uber, Lyft and DoorDash tumble as Biden administration proposes gig-worker rule that eases path to full employee
- The proposed rule would base the determination of whether to classify a worker as a contractor or employee on a broad assessment.
- 10/11/2022
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Labor Department Proposal On Gig Workers Hits These Businesses
- Uber stock, as well as Lyft and DoorDash, dropped on a Labor Department proposal that could reclassify millions of gig workers. The post Labor Department Proposal On Gig Workers Hits These Businesses appeared first on Investor's Business Daily.
- 10/11/2022
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Why Lyft Is Plunging Today
- The ridesharing app could face dramatically higher costs under a new proposed Labor Dept. rule change.
- 10/11/2022
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Uber, Lyft shares sink after Labor Department issues proposal on gig workers
- Shares of ride-hailing companies Lyft and Uber fell following the opening bell on Tuesday after the U.S. Labor Department issued a proposal to classify drivers as employees, not contractors.
- 10/11/2022
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Uber, Doordash plunge after Labor Department proposes change to gig worker classification
- The proposed rule sent stocks for gig companies like DoorDash, Lyft and Uber down.
- 10/11/2022
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Lyft testing new pay algorithm to lure drivers
- Ride-hailing firm Lyft Inc said on Tuesday it was testing an earnings algorithm that will allow drivers in 18 U.S. cities to see destination and pay details before accepting a request.
- 10/11/2022
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Lyft president still thinks driverless cars will dominate ride-share. He just won't say when
- John Zimmer still believes his company can help bring about revolutionary change to transportation — just on a different timeline than he'd first envisioned.
- 10/11/2022
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Cramer says investors should buy shares of Uber over Lyft
- Cramer on Monday gave his take on why Uber is the superior stock over Lyft.
- 10/10/2022
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Uber ‘massively outperformed' Lyft on wait times, analyst says
- RBC Capital Markets Analyst Brad Erickson joins Yahoo Finance Live anchors to discuss the road ahead for Lyft and Uber, downgrading Lyft amid longer wait times, driver supply, consumer spending, rising prices, and the outlook for the ridesharing space.
- 10/10/2022
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Lyft stock dives following analyst downgrade
- Yahoo Finance Live anchors Rachelle Akuffo, Seana Smith and Dave Briggs look at Lyft's shares following a stock downgrade citing comparisons to Uber's superior driver count.
- 10/07/2022
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Lyft stock falls after admittedly ‘late' downgrade highlights Uber threat
- Lyft Inc.'s competitive risk from Uber Technologies Inc. “may be more structural than originally thought,” according to RBC Capital Markets.
- 10/07/2022
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Another Analyst Picks Uber Over Lyft
- RBC today downgraded LYFT Inc (NYSE:LYFT) to "sector perform" from "outperform", while cutting its price target nearly in half from $30 to $16.
- 10/07/2022
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Geely's Europe expansion continues, Argo robotaxis on the Lyft app and Tesla AI Day takeaways
- The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox.
- 10/03/2022
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Lyft Shows the Cost of Being (a Distant) Second
- They're in the same business, but Lyft simply lacks -- and needs -- the scale Uber enjoys.
- 10/02/2022
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There's going to be a much bigger focus on cash flow in the coming quarter, says Margins' editor Roy
- Ranjan Roy, Margins editor, joins 'TechCheck' to discuss the coming judgment day for cash bleeders like Uber and DoorDash, what will happen to stocks in the next quarter and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis.
- 09/30/2022
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7 Stocks to Sell in October
- Stocks to sell is a necessary discussion. Although it may feel good to remain loyal to an organization in the hopes of a substantial turnaround, it's time to let go of some of the weaker entities.
- 09/30/2022
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Why Uber And Lyft Shares Are Diving - Lyft (NASDAQ:LYFT), Uber Technologies (NYSE:UBER)
- Uber Technologies Inc (NASDAQ: UBER) and LYFT Inc (NASDAQ: LYFT) shares are trading lower by 7.11% to $26.04 and 9.00% to $13.20, respectively, during Thursday's trading session.
- 09/29/2022
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Argo AI's robotaxis officially available via Lyft in Austin
- Ride-hailing giant Lyft and autonomous vehicle technology company Argo AI are now officially offering public robotaxi service in Austin, Texas. This is the second city in which Lyft and Argo are operating a commercial robotaxi service after Miami, which launched in December.
- 09/29/2022
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Lyft freezing US hiring for remainder of year
- Lyft is halting its hiring in the United States for the remainder of the year, according to a statement Wednesday from a spokesperson of the ride-share company.
- 09/28/2022
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Lyft (LYFT) to Stop Recruiting Employees Through Year-End
- Lyft (LYFT) started informing aspirants about the decision to freeze job enrollment.
- 09/28/2022
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Lyft freezes hiring in the US amid economic instability
- Lyft has been canceling job interviews this week and is reportedly on a hiring freeze in the U.S., according to anonymous professional network Blind. The freeze affects all departments in the U.S. and should last into next year as the ride-hail giant continues to face economic uncertainty, according to Bloomberg, which was first to report.
- 09/28/2022
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Will Lyft Stock Lag After Hiring Freeze? Why Analysts Say Uber Could Capture Market - Lyft (NASDAQ:LYFT)
- Lyft Inc.'s (NASDAQ: LYFT) U.S. hiring freeze has analysts anticipating what the impact could be on the e-hailing industry.
- 09/28/2022
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Lyft freezes hiring in the U.S. amid economic slowdown
- Yahoo Finance Live anchors discuss ride share giant Lyft freezing its hiring in the U.S. amid economic uncertainty.
- 09/28/2022
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LYFT Stock Alert: What to Know as Lyft Pumps the Brakes on Hiring
- Source: Tero Vesalainen / Shutterstock.com Lyft (NASDAQ: LYFT ) stock is getting a boost on Wednesday after the ride-sharing company revealed a stop to hiring in the U.S. for the rest of the year. A spokesperson for the company revealed that no new hires will be made as the company seeks ways to combat the recession.
- 09/28/2022
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Lyft, Uber shares tank after Post's report on rideshare hiring freeze
- “Like many other companies navigating an uncertain economy, we are pausing hiring for all U.S.-based roles through the end of the year,” Lyft spokesperson Ashley Adams said.
- 09/28/2022
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Lyft to freeze hiring through end of the year
- Ride-hailing giant Lyft Inc. is freezing hiring through the end of 2022, the company confirmed Tuesday.
- 09/28/2022
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Lyft (LYFT) Stock: Why It Slightly Fell After Hours Today
- The stock price of Lyft (LYFT) fell by 0.35% after hours today. This is why.
- 09/27/2022
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Fast Money traders share their five-year stocks
- The traders offer up their picks for the next five years. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Guy Adami.
- 09/27/2022
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Ride-hailing firm Lyft freezes U.S. hiring - New York Post
- Ride-hailing company Lyft Inc is freezing all hiring in the United States until the end of the year, the New York Post reported on Tuesday.
- 09/27/2022
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UBS claims drivers prefer Uber over Lyft – downgrade the stock
- Lyft (NYSE: LYFT) shares ended the trading day on September 26, down by 3.
- 09/27/2022
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Lyft stock falls after UBS downgrades as survey shows drivers and consumers prefer Uber
- Shares of Lyft Inc. extended their selloff on Monday, after UBS backed away from its bullish call on the ride-hailing company, citing concerns the company won't be able to match the revenue growth of its competition in an environment of slowing economic growth and a weaker active-rider environment.
- 09/26/2022
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Lyft Stock Skids. It Has a 'Lack of Growth Drivers,' Analyst Says.
- An analyst at UBS downgraded Lyft shares to Neutral from Buy, saying rival Uber 'has a lion's share of the market.'
- 09/26/2022
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Drivers, Consumers Prefer Uber Over Lyft, Says UBS
- It seems as though drivers and consumers prefer Uber (UBER) to LYFT Inc (NYSE:LYFT), at least according to a recently issued bear note from UBS.
- 09/26/2022
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Now Is Not the Time to Hitch a Ride With LYFT Stock
- Lyft (NASDAQ: LYFT ) stock was hit hard by the Covid-19 pandemic but is now trying to stage a recovery. This won't be easy, however, as Lyft is facing not just one, but multiple lawsuits over alleged assaults.
- 09/23/2022
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Why Lyft Stock Is Falling Today
- An analyst said Lyft probably isn't being acquired.
- 09/22/2022
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Uber and Lyft drivers net less than $7 an hour after California law passed, driver-led study finds
- Ride-hailing drivers in California are taking home about $6.20 an hour under a law that was approved by the state's voters a couple of years ago, according to a report published Wednesday.
- 09/21/2022
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FTC sends a warning to Uber, Lyft, DoorDash and other ‘gig-work' companies
- The Federal Trade Commission announced Thursday that it plans to crack down on the exploitation of gig workers, whom the agency said are entitled to protection regardless of their worker classification.
- 09/15/2022
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Is Lyft Going To Make It As Acquisition Rumors Swirl?
- What should investors make of Lyft and ridesharing companies in general as rumors of acquisition swirl around the company?
- 09/14/2022
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Why Lyft Stock Got a 4% Lift Today
- Some investors are believing the hype that the company is in the crosshairs of a potential acquirer.
- 09/09/2022
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LYFT Stock Alert: Is General Motors Really Going to Buy Lyft?
- Source: Tero Vesalainen / Shutterstock.com Lyft (NASDAQ: LYFT ) stock is up more than 15% this week following rumors of a General Motors (NYSE: GM ) acquisition. However, neither company has confirmed the rumors, although they share a storied past.
- 09/09/2022
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Why urban streets around the world are going car-free
- Some city streets around the world are going car-free to make way for pedestrian plazas. Walkability is gaining popularity, especially with younger generations.
- 09/09/2022
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Why Lyft Stock Was Soaring Today
- Shares of the ridesharing stock jumped on rumors of a buyout.
- 09/08/2022
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Lyft and Uber tried to change the law. Driver who was assaulted believes ‘it's a way for Lyft not to be held accountable.
- Lyft Inc. driver Erika Garcia-Galicia voted against a 2020 California ballot initiative that would exempt Lyft and other “gig work” companies from having to treat their drivers as employees instead of independent contractors.
- 09/08/2022
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Lyft stock falls after Bank of America chimes in with bearish stance
- Shares of Lyft Inc. skidded in Tuesday's session after Bank of America weighed in with a bearish call on the ride-hailing company.
- 09/06/2022
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Why Lyft Stock Was Sliding Today
- An analyst gave the ride-hailing company a sell rating.
- 09/06/2022
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Lyft sued by drivers, passengers claiming company failing to protect users from assault
- Lyft is facing a fresh batch of lawsuits from drivers and passengers who say they were sexually and physically assaulted during rides and accused the ride-hailing company of failing to protect its users.
- 08/31/2022
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‘I'm scared to drive for Lyft because I'm scared to be attacked': Lyft sued over alleged assaults of 17 drivers and passengers
- Seventeen Lyft Inc. drivers and passengers announced Wednesday that they are suing the ride-hailing giant, accusing it of failing to protect them from physical and sexual assault.
- 08/31/2022
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3 Stocks That Are Screaming Buys Right Now
- Few things are more exhilarating than finding “screaming buys” in the stock market. When everything lines up and you know you're buying a stock at an insanely low price, the adrenaline flows.
- 08/26/2022
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Lyft (LYFT) is a Top-Ranked Momentum Stock: Should You Buy?
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 08/26/2022
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Lyft (LYFT) Plans to Rent Out Its Office Space in Four Cities
- Lyft's (LYFT) plans to sublease its office space at four locations as majority of its employees continue to work from home mode.
- 08/24/2022
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Robotaxis hit the streets of Las Vegas on Lyft's network
- Motional president and CEO Karl Iagnemma discusses the company's partnership with Lyft and plans to scale throughout the U.S. on 'The Claman Countdown.' #foxbusiness #theclamancountdown Subscribe to Fox Business!
- 08/24/2022
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Lyft to sublease its office space in four cities because of remote work
- Lyft Inc. said Tuesday that it will sublease nearly half of the office space in its corporate offices in four cities because many of its employees are on flexible working arrangements.
- 08/23/2022
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Ride-Hailing Stocks Reverse After Recent Rally
- Uber, Lyft and Grab benefit from postpandemic reopening, but hit speed bumps.
- 08/19/2022
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Rating 3 of Goldman Sachs's Top Growth Stock Picks
- My criteria for identifying the top growth stock picks are fairly simple and straightforward. In general, I try to identify names that can benefit from strong, ongoing macro trends and whose businesses are growing rapidly or are very well-positioned to do so.
- 08/17/2022
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Lyft and Motional's New Electric Robotaxis Now Offering Rides in Las Vegas
- Interested riders can download the Lyft app to request a ride.
- 08/16/2022
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Lyft ($LYFT) And Motional Deliver First Rides In New All-electric Ioniq 5 Autonomous Vehicle
- Lyft ($LYFT) and Motional have announced the launch of the partnership's new all-electric IONIQ 5-based robotaxi, an autonomous vehicle designed for fully driverless ride-hailing operations in Las Vegas.The companies say that the launch is the next milestone in a lead-up to fully driverless service, with plans to roll out in 2023 and scale to multiple U.S. cities. Motional and Lyft have been conducting autonomous rides in Las Vegas since 2018 and says that riders will now be among the first to experience Motional's new AV, which has a custom-designed user experience for a fully autonomous journey.
- 08/16/2022
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Watch Out Tesla And Waymo! Lyft Debuts Self-Driving Vehicle In Las Vegas
- Ride-hailing service Lyft Inc. (NASDAQ: LYFT) has teamed up with Motional to bring self-driving taxis to cities around the nation.
- 08/16/2022
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Lyft Unveils Self-Driving Car Service in Las Vegas (With Caveats)
- The company joins several others that are introducing self-driving services — but the cars often have drivers or are otherwise limited in their autonomy.
- 08/16/2022
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Motional launches autonomous Hyundai IONIQ 5s on Lyft network in Las Vegas
- Motional, the Aptiv-Hyundai joint venture that's working to commercialize autonomous driving technology, has launched its new all-electric IONIQ 5-based robotaxi for driverless ride-hail operations on the Lyft network in Las Vegas. The news follows years of collaboration between the two companies in Las Vegas.
- 08/16/2022
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Is Lyft Stock A Buy Or Sell After Q2 Earnings?
- Lyft posted a Q2 earnings beat as ride-share demand increased as more travelers hit the road. The post Is Lyft Stock A Buy Or Sell After Q2 Earnings?
- 08/12/2022
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Lyft Stock's Recent Bounce Could be Short-Lived
- This commentary first appeared on Forbes Great Speculations , where Schaeffer's Investment Research is a regular contributor.
- 08/11/2022
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Three Stock Lunch: Lyft, Riot Blockchain and Grid Dynamics
- Fred Lane, Lane Generational founder and CEO, joins 'Power Lunch' to discuss Lane's investing take on three stocks: Lyft, Riot Blockchain and Grid Dynamics.
- 08/10/2022
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Lyft Stock's Recent Bounce Could Be Short-Lived
- And though the company's most recent earnings report helped LYFT cover some lost ground, a study from Schaeffer's Senior Quantitative Analyst Rocky White shows the stock just ran into a trendline that has been a bearish indicator in the past
- 08/10/2022
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Lyft (LYFT) Shares Up 14% Since Q2 Earnings: Here's Why
- Lyft (LYFT) second-quarter 2022 earnings and revenues increase year over year.
- 08/09/2022
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Lyft forms new media division to expand its advertising services
- Lyft Inc. LYFT, +0.74% has formed Lyft Media, a new business unit consolidating and expanding the advertising offerings at the ride-hailing company.
- 08/08/2022
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Lyft creates media division to cash in on in-car ads
- Lyft has created a new business unit to beef up its digital advertising business across its tablets, mobile app, rooftops and bicycles, creating the potential to add billions of dollars to its bottom line.
- 08/08/2022
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Lyft targets in-vehicle advertising with new business unit
- Riders getting into Lyft vehicles may soon be greeted with advertising as the company has confirmed it will start rolling out in-vehicle and rooftop displays. The advertising push comes as the rideshare business has jumped in recent months and as competitor Uber (NYSE: UBER) targets $1 billion in advertising revenue by 2024.
- 08/08/2022
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Lyft Co-Founder on the Gig Economy
- Lyft Co-Founder and President John Zimmer joins Emily Chang to discuss the state of the labor market and gig economy following July's US employment report. Plus, his thoughts on driver supply, auto industry trends, and competition with Uber.
- 08/05/2022
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Why Lyft Stock Leaped Today
- The ride-hailing industry is recovering from its pandemic lows.
- 08/05/2022
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Gig economy stocks popped this week after showing strong demand for their services
- Shares of gig economy companies popped this week as Uber, Lyft, DoorDash and Airbnb posted quarterly reports that showed strong demand.
- 08/05/2022
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Lyft lays out a bold roadmap for the future, stock rises on earnings beat
- Yahoo Finance anchors discuss second-quarter earnings for Lyft.
- 08/05/2022
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Lyft President John Zimmer: We are seeing improvements in pricing and service levels
- Lyft President John Zimmer joins CNBC's 'Squawk Box' to react to the ride-hailing company's second-quarter earnings report.
- 08/05/2022
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DraftKings, Zillow, Lyft, AMC and Other Stock Market Movers
- Stock futures were wavering Friday ahead of the closely watched U.S. jobs report.
- 08/05/2022
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Lyft Shares Up on Rides Demand Surge
- In Lyft's Q2 results, the ride-share company saw profits rising as demand surged due to continued reopenings of the economy after the pandemic, a company release said. The company also said it had seen more drivers signing up as people need money with the rising costs of living.
- 08/04/2022
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Lyft, Inc. (LYFT) CEO Logan Green on Q2 2022 Results - Earnings Call Transcript
- Lyft, Inc. (NASDAQ:LYFT ) Q2 2022 Earnings Conference Call August 4, 2022 4:30 PM ET Company Participants Sonya Banerjee - Head, IR Logan Green - Co-Founder, CEO & Director Elaine Paul - CFO John Zimmer - Co-Founder, President & Vice Chairman Conference Call Participants Douglas Anmuth - JPMorgan Chase & Co. Stephen Ju - Crédit Suisse Mark Mahaney - Evercore ISI John Blackledge - Cowen and Company Steven Fox - Fox Advisors Eric Sheridan - Goldman Sachs Group Brian Nowak - Morgan Stanley Itay Michaeli - Citigroup Benjamin Black - Deutsche Bank Operator Good afternoon, and welcome to the Lyft Second Quarter 2022 Earnings Call. [Operator Instructions].
- 08/04/2022
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DoorDash earnings beat, despite flat growth and orders; Lyft also beats on earnings
- Stephanie Link, Hightower Advisors; Dan Greenhaus, Solus Alternative Asset Management; and Liz Young, SoFi, join 'Closing Bell: Overtime' to discuss DoorDash and Lyft earnings beats and the markets.
- 08/04/2022
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Lyft has been a little brother to Uber, says Wedbush's Dan Ives
- Dan Ives, Wedbush Securities managing director, joins 'Closing Bell: Overtime' to discuss Lyft's second quarter earnings.
- 08/04/2022
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Lyft rides post-COVID recovery to record earnings, but faces inflationary headwinds
- Ride-hail giant Lyft reported strong second-quarter earnings Thursday. Earlier this year, investors had been skeptical of Lyft's ability to offset the costs of increased investments to attract and retain drivers.
- 08/04/2022
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Lyft stock ticks up following a second-quarter earnings beat
- Yahoo Finance's Pras Subramanian breaks down Lyft second-quarter results.
- 08/04/2022
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Lyft's operating profit surges on rideshare demand, hiring slowdown
- Ride-hailing firm Lyft Inc on Thursday reported a record adjusted operating profit, benefiting from a surge in demand for rides and a dramatic slowdown in company-wide hiring that helped manage costs, sending its shares up 5%.
- 08/04/2022
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Lyft assured no layoffs were coming. Now employees are scrambling for their next gig.
- The day before Lyft shut down its in-house rental service and laid off close to 60 employees, the team in charge of the program was consumed by what they thought was a much bigger problem. Throughout June, the rentals team had attempted to get the service up and running in New York without success.
- 08/03/2022
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Lyft Q2 Preview: Can an EPS Beat Drive Shares Upwards?
- Lyft shares tacked on 16% following Uber's quarterly results.
- 08/03/2022
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Job Cuts Only Add to Uncertainty for Lyft Stock
- Headquartered in San Francisco, Lyft (NASDAQ: LYFT ) is an American ride-share business. Not only is the company reducing its workforce, but Lyft is also shutting down its business segment that rents cars to riders.
- 08/03/2022
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New Strong Buy Stocks for July 26th
- XHR, LYFT, RM, KRG, and WRB have been added to the Zacks Rank #1 (Strong Buy) List on July 26, 2022.
- 07/26/2022
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Google, Lyft are latest tech companies to hit brakes on hiring
- With recession fears mounting—and inflation, the war in Ukraine and the lingering pandemic taking a toll—many tech companies are rethinking their staffing needs, with some of them instituting hiring freezes, rescinding offers and even starting layoffs.
- 07/21/2022
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Lyft to shutter its car-rental business and lay off about 60 workers
- Lyft is responding to economic concerns by laying off about 60 workers, shuttering its car-rental business and consolidating its global operations team.
- 07/21/2022
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Lyft Shuts Car Rental Unit, Cuts About 60 Jobs
- Lyft has laid off about 60 people and announced it was ending its program that let people rent its cars on its app. The Wall Street Journal reported Wednesday (July 20) that Lyft has been consolidating its global operations.
- 07/20/2022
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Lyft lays off about 60 employees, shutters in-house car rentals program
- Lyft has joined the ranks of tech companies trimming its workforce. The news of the layoffs, initially spotted in LinkedIn posts by now-former Lyft employees, has been confirmed by the company.
- 07/20/2022
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Lyft to end direct car rentals, will lay off 60 workers
- Lyft Inc. said Wednesday that it is discontinuing its direct car-rental business and is laying off about 60 people as a result.
- 07/20/2022
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Lyft lays off about 60 workers from rental division
- Lyft Inc said on Wednesday it was cutting about 60 jobs in its rental division as it tries to reorganize the business amid rising costs.
- 07/20/2022
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Lyft To Announce Second Quarter 2022 Financial Results
- SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT) (the “Company” or “Lyft”) will release financial results for the second fiscal quarter of 2022 after the close of the market on Thursday, August 4, 2022. On the same day, Lyft will host a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to a live audio webcast, please visit the Company's Investor Relations page at https://investor.lyft.com/. The archi
- 07/19/2022
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Lyft Stock Lacks Sufficient Catalysts to Drive It Out of the Gutter
- LYFT stock has poor fundamentals and there are no significant catalysts ahead to help drive it out of the gutter. The post Lyft Stock Lacks Sufficient Catalysts to Drive It Out of the Gutter appeared first on InvestorPlace.
- 07/13/2022
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3 Smid Caps Under $20 Set to Recover
- Lately, there have been more stocks falling into the smid cap category. Over time, these three sub-$20 stocks should graduate to the large cap big leagues.
- 07/12/2022
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Lyft: Deep Into Value Territory After The 75% Selloff
- Lyft's business is still operating well despite the violent selloff. There are still question marks regarding driver incentives and international expansion.
- 07/11/2022
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Dr. Doom: Disheartened By These 3 Disruptors
- Wall Street has been in a bear market for several weeks. As the reality of a recession draws near, avoiding stocks with little to no profits, limited growth, and strong sell quant ratings may help limit your downside risk.
- 07/07/2022
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Uber, Lyft drivers switch to Teslas amid high gas prices
- This segment originally aired on June 28, 2022. Yahoo Finance's Dan Howley joins the Live show to discuss Uber and Lyft drivers switching over to EVs amid rising gas prices.
- 07/02/2022
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Hiring Slowdown Should Make Lyft Stock Holders Jittery
- LYFT stock has been in free fall for over a year, and it's hard to be optimistic unless Lyft can somehow attract price-sensitive customers. The post Hiring Slowdown Should Make Lyft Stock Holders Jittery appeared first on InvestorPlace.
- 06/30/2022
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Uber, Lyft Drivers Switch to Teslas as Gas Prices Soar
- Bloomberg's Ed Ludlow joins Emily Chang to discuss why some Uber and Lyft drivers are finding that renting or buying a Tesla, the luxury electric car, has become a more profitable option amid soaring gas prices.
- 06/28/2022
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KKR: Growth, Value and a Cheeky Dividend
- KKR & Co. ( KKR , Financial) is a leading alternative asset manager that is growing rapidly and now has $349 billion in assets under management.
- 06/24/2022
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As Lyft Faces a Price-Fixing Lawsuit, Here Are 2 Better Stocks to Buy
- Lyft closed 2019 at $43.50. In 30 months since, LYFT stock lost 66% of its value.
- 06/24/2022
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Lyft Adds Cash Payment Option
- For those who prefer or need to pay using cash, rideshare platform Lyft is partnering with more than 35,000 retailers across the U.S. — including Walmart, ACE Cash Express and Kroger Family of Stores — to enable people to use paper money to add to their Lyft Cash balance. To use the cash option, riders […]
- 06/22/2022
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Uber, Lyft drivers claim price-fixing in lawsuit against companies
- A group of drivers for Uber and Lyft on Tuesday accused the companies of unfairly controlling how much passengers are charged for rides in an antitrust lawsuit in California state court.
- 06/22/2022
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Drivers accuse Uber and Lyft of price-fixing, antitrust violations in attempt at class-action lawsuit
- Three ride-hailing drivers in California sued Uber Technologies Inc. and Lyft Inc. on Tuesday, accusing the companies of antitrust violations that include price-fixing in a lawsuit seeking class-action status.
- 06/21/2022
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Uber, Lyft drivers claim price-fixing in lawsuit against companies
- A group of drivers for Uber Technologies Inc and Lyft Inc on Tuesday accused the companies of unfairly controlling how much passengers are charged for rides in an antitrust lawsuit in California state court.
- 06/21/2022
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Drivers' Lawsuit Claims Uber and Lyft Violate Antitrust Laws
- They accuse the companies of depriving them of employee benefits while also denying them the freedoms of independent contractors.
- 06/21/2022
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Why Investors Abandoning Lyft Stock Will Regret It
- Market panic and worries about the profitability of the ride-sharing business hurt Lyft, despite the potential strengths ahead. The post Why Investors Abandoning Lyft Stock Will Regret It appeared first on InvestorPlace.
- 06/20/2022
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Evercore says "Buy" Uber & Lyft
- The "Halftime Report" traders debate the biggest analyst calls of the day.
- 06/17/2022
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Lyft agrees to $25 million settlement with shareholders over safety-related allegations
- Lyft has agreed to a $25 million settlement with shareholders over allegations that it failed to adequately disclose threats to its reputation and business ahead of going public.
- 06/16/2022
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Massachusetts court quashes Uber, Lyft, and other ride-hailing companies' $17.8 million attempt to call gig workers contractors
- The court's justices said the proposal did not meet Massachusetts' constitutional requirements to limit ballot measures to related subjects.
- 06/15/2022
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Massachusetts court rejects Uber- and Lyft-backed effort to keep gig workers independent
- There will be no November ballot initiative in Massachusetts to maintain the independent contractor status of app-based delivery drivers. In a decision that many observers had expected, the Massachusetts Supreme Judicial Court said the initiatives backed by Uber and Lyft had failed to pass the state's requirement that a ballot initiative “must contain only related or mutually dependent subjects.
- 06/14/2022
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Things Look Grim for Lyft Stock As It Chases Profits
- Lyft stock skated by without ever approaching profitability in the past. That's over now and stakeholders should beware.
- 06/10/2022
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Lyft president says company plans to build a hybrid network of autonomous and driver vehicles
- CNBC's Jim Cramer spoke with Lyft co-founder and President John Zimmer on Tuesday's episode of "Mad Money."
- 06/07/2022
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Lyft plans to build a hybrid network of autonomous and driver vehicles, co-founder says
- "It'll do five percent of the trips. 95% of the time you're going to rely on a rideshare driver," Zimmer said.
- 06/07/2022
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Today's Strong Jobs Market Could Soon Collapse
- Many tech companies are either slowing or pausing hiring -- or outright firing workers. And a lot of them are big creators of jobs.
- 06/04/2022
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LYFT Shares Plunge Nearly 60% YTD Amid Multiple Headwinds
- LYFT is being hurt by the prevalent pandemic-related woes, rising gas prices, and other cost headwinds.
- 05/30/2022
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5 Gig Economy Stocks This Analyst Thinks Will Thrive in a Recession
- Market futures were relatively higher to start off Thursday, but that is not to say this week has been without its ups and downs.
- 05/26/2022
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Market Instability Prompts Lyft to Ease Spending, Hiring
- Lyft isn't planning layoffs but is slowing hiring, reeling in spending and concentrating on profitable growth as market instability continues and its share price hovers below $17 from a 52-week high of $63. “We're focused on accelerating profitable growth.
- 05/25/2022
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LYFT to Slow Down Hiring & Reduce Costs, Shares Decline
- While LYFT plans to slow down hiring and cut costs in some departments, it does not intend to lay off employees. The company has been focusing on boosting profits.
- 05/25/2022
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Lyft joins Uber in 'significantly' slowing hiring and cutting budgets, but promises no layoffs: WSJ
- Both ride-sharing apps are finding it hard to lure drivers back to their platforms as economies reopen.
- 05/25/2022
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Lyft cutting hiring, costs as its stock nears all-time low
- Lyft Inc. is slowing hiring, cutting budgets and taking other actions as its stock lost another 17% on Tuesday, reaching a 52-week closing low and hovering near its all-time low.
- 05/24/2022
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Lyft to slow hiring, assess budget cuts
- (Reuters) -Ride-hailing firm Lyft Inc said on Tuesday it would slowdown hiring and assess budget cuts in some departments, joining rival Uber Technologies Inc in attempting to rein in costs.
- 05/24/2022
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LYFT, UBER Stock Fall as Bernstein Cuts Targets on Ride-Hailing Stocks
- A big price cut from a bullish analyst on LYFT and UBER stock sent shares of these ride-hailing companies much lower in today's session. The post LYFT, UBER Stock Fall as Bernstein Cuts Targets on Ride-Hailing Stocks appeared first on InvestorPlace.
- 05/24/2022
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Cheap Buys: These 3 Stocks are Now Trading Under $20
- These three long-term winners have dipped to levels that make them attractive buys.
- 05/24/2022
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The Surprising Difference in How Uber and Lyft Spend Money
- Lyft's smaller size creates budgetary constraints that may be stifling its profitability and growth.
- 05/13/2022
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UBER to Slash Marketing & Incentive Costs, Reduce Hiring
- UBER aims for a leaner business model by reducing expenses on marketing and incentives, and slowing down hiring as it sees a "seismic shift" in investor sentiment.
- 05/11/2022
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Lyft Vs. Uber Stock: Which Is The Better Buy?
- Both Lyft and Uber drastically rationalized their cost structures during the pandemic. Lyft has even posted 4 consecutive quarters of positive Adjusted EBITDA.
- 05/11/2022
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7 Growth Stocks to Buy on the Dip
- Although the wave of red ink in the major indices is intimidating, it also presents an intriguing opportunity for growth stocks to buy. The post 7 Growth Stocks to Buy on the Dip appeared first on InvestorPlace.
- 05/10/2022
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Can Lyft Stock Recover To $50? Consider Financial Outlook And Valuations
- Lyft's stock price fell by -33% in the three trading days post-earnings release because of weak EBITDA and revenue guidance for the second quarter of 2022. A recovery in LYFT's stock price to $50 in time to come is realistic considering its current Enterprise Value-to-Revenue multiple, sell-side price targets and historical trading levels.
- 05/10/2022
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Better Buy: Airbnb vs. Lyft
- These two tech growth stocks are still headed in opposite directions.
- 05/10/2022
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Uber, DoorDash, Lyft lose combined $9 billion in market cap amid selloff
- The nation's three largest app-based gig companies extended their losing streaks and shedded a combined $9.12 billion in market capitalization Monday after a broad market selloff.
- 05/09/2022
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Time to Buy These 3 Oversold Mid-Caps
- Investors looking to pounce on the dip in individual names can use fundamental queues in combination with technical clues to find the biggest winners. These three oversold mid-caps check both boxes.
- 05/09/2022
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Uber, Lyft face shareholder push to disclose how much they are spending in fight for new labor laws
- For the second year in a row, investors in Uber Technologies Inc. will vote Monday on a shareholder proposal calling for more transparency into its lobbying, and Lyft Inc. shareholders will face the same question next month.
- 05/09/2022
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Diverging businesses: Uber vs Lyft in six graphics
- Lyft Inc's choice to stay on the narrow ride-hail road worries investors as its larger rival Uber Technologies Inc explores more profitable paths, such as becoming a food delivery giant during the pandemic.
- 05/06/2022
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LYFT Shares Plunge Nearly 30% Since Q1 Earnings Release
- Despite better-than-expected first-quarter 2022 results owing to increase in Active Riders and Revenue per Active Riders, LYFT provides a bleak second-quarter guidance.
- 05/06/2022
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Lyft brings shared rides back to more U.S. cities in bid to win riders
- Lyft is bringing back shared rides to San Francisco, San Jose, Denver, Las Vegas and Atlanta this May, the company announced on Thursday, noting that the popular reduced fare service will be expanding to other markets in phases throughout the year. The company originally abandoned its carpooling service in March 2020 when the pandemic made […]
- 05/05/2022
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Why Lyft Stock Tanked 30% This Week
- Investors were not impressed with the ride-sharing company's latest quarterly results.
- 05/05/2022
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Options traders get bullish, bet it can't get any worse for Uber and Lyft
- Options traders used the post-earnings washout in ride-hailing stocks to make bullish bets on Uber and Lyft, with two particularly lofty bets drawing the eye.
- 05/05/2022
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3 Travel Stocks to Buy That Could Rebound This Summer
- Among the earnings rubble we can find 3 travel stocks to buy. Investors are punishing them because of emotional trauma, not systemic risks.
- 05/05/2022
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Why Lyft Stock Crashed Today
- The ride-hailing industry is facing some serious challenges.
- 05/04/2022
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Uber and Lyft struggle to find drivers, DraftKings and FanDuel back California sports betting bill
- Yahoo Finance Live anchors Rachelle Akuffo, Seana Smith and David Briggs report on today's trending stocks.
- 05/04/2022
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Door Dash Should Buy Lyft to Compete With Uber: Analyst
- Lyft stock is getting crushed. Its performance is dragging down shares of peers.
- 05/04/2022
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Lyft stock is ‘getting a lot cheaper here,' strategist says
- Needham and Company Managing Director Bernie McTernan joins Yahoo Finance anchor Akiko Fujita to discuss quarterly earnings for Lyft, Uber, and Airbnb.
- 05/04/2022
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Lyft stock is ‘getting a lot cheaper here,' strategist says
- Bernie McTernan, Needham and Company Managing Director, joins Yahoo Finance Live anchors to discuss quarterly earnings for Lyft, Uber, and Airbnb.
- 05/04/2022
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LYFT Stock Plunges 30% on Disappointing Guidance. What to Know.
- The ride-hailing and delivery company's stock is tanking today following weak first-quarter results and lower forward guidance. The post LYFT Stock Plunges 30% on Disappointing Guidance.
- 05/04/2022
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Uber shares sink on Lyft warning despite big jump in revenue
- Uber Technologies on Wednesday beat expected operating earnings and forecast a strong second quarter, saying it had no need to offer extra incentives to boost its driver supply, unlike its smaller rival Lyft.
- 05/04/2022
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MarketWatch First Take: Uber makes a big push to outshine rival Lyft, but its shares fall anyway
- Uber Technologies pulled out all the stops on Wednesday to distance itself from the issues that have pulled down rival Lyft Inc. and convince investors it's the long-term leader in mobility, but its shares fell anyway.
- 05/04/2022
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Uber, Lyft Post-Pandemic Platform Successes Hinge on the Cross-Sell
- Rides rebound. Delivery is still in demand.
- 05/04/2022
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Lyft stock tumbles, dragging down Uber stock with it
- Yahoo Finance anchor Julie Hyman discusses how ride-sharing stocks are performing after the opening bell.
- 05/04/2022
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Earnings: Lyft stock plunges on dismal forecast, Uber revenue doubles
- Yahoo Finance Live anchors Brian Sozzi, Julie Hyman and Brad Smith discuss quarterly earnings for Lyft.
- 05/04/2022
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Lyft's John Zimmer on earnings: Q2 is an opportunity to kick start growth
- John Zimmer, president and co-founder of Lyft, joins CNBC's 'Squawk Box' to break down the ride-hailing company's latest quarterly earnings report, which sent shares of the company lower in premarket trading.
- 05/04/2022
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Lyft shares plunge 29% on disappointing guidance
- Some analysts said in notes following Lyft's earnings report that the sell-off was overblown.
- 05/04/2022
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Lyft plummets 27% after outlook disappoints and the ride-hailing company says it will need to spend more to attract drivers
- Lyft Inc. stock dropped sharply after a disappointing second quarter outlook. Shares were down nearly 27% in pre-market trading.
- 05/04/2022
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Why Lyft Shares Are Slamming The Brakes Today
- Lyft Inc (NASDAQ: LYFT) shares are trading lower Wednesday after the company reported financial results and issued guidance below analyst estimates. Lyft said first-quarter revenue increased 44% year-over-year to $875.6 million, which beat the $846 million estimate.
- 05/04/2022
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Lyft shares shares plummet on rising driver costs
- Lyft Inc (NASDAQ:LYFT)'s stock plunged 26% after it said it would have to spend heavily to recruit drivers and forecast earnings would be more than US$50mln below Wall Street estimates. A rival to Uber, Lyft said second-quarter revenue will be between US$950mln and US$1bn, down from analysts' expectations of US$1.02bn.
- 05/04/2022
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Uber Tops Q1 With 136% Revenue Growth Reflecting Recovery Kicking In; Lyft Shares Continues To Bleed On Dismal Outlook
- Uber Technologies, Inc (NYSE: UBER) reported first-quarter FY22 revenue growth of 136% year-on-year to $6.85 billion, beating the consensus of $6.13 billion. Lyft, Inc's (NASDAQ: LYFT) first-quarter revenue rose 44% Y/Y to $875.6 million, beating the.
- 05/04/2022
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Lyft shares tank 26% on higher cost of getting drivers back on street
- Lyft Inc. stock plunged 26% on Tuesday after the ride hail company said it would have to spend more heavily to attract drivers and forecast operating earnings less than a quarter of Wall Street targets, reflecting the added costs.
- 05/04/2022
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Lyft shares plunge on weak earnings outlook
- Lyft Inc. said it would invest in the current quarter to ensure adequate driver supply and grow its ride-hailing platform, spooking investors as the spending weighs on operating profit.
- 05/04/2022
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Lyft, Inc. (LYFT) CEO Logan Green on Q1 2022 Results - Earnings Call Transcript
- Lyft, Inc. (NASDAQ:LYFT ) Q1 2022 Earnings Conference Call May 3, 2022 4:30 PM ET Company Participants Sonya Banerjee - Head of IR Logan Green - Co-Founder and CEO Elaine Paul - Chief Financial Officer John Zimmer - Co-Founder and President Conference Call Participants Doug Anmuth - JPMorgan Eric Sheridan - Goldman Sachs Stephen Ju - Credit Suisse Mark Mahaney - Evercore Deepak Mathivanan - Wolfe Research Ygal Arounian - Wedbush John Blackledge - Cowen Brad Erickson - RBC Benjamin Black - Deutsche Bank Steven Fox - Fox Advisors Lloyd Walmsley - UBS Operator Good afternoon and welcome to the Lyft First Quarter 2022 Earnings Call. [Operator Instructions] As a reminder, this conference call is being recorded.
- 05/03/2022
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Lyft (LYFT) Q1 Earnings and Revenues Top Estimates
- Lyft (LYFT) delivered earnings and revenue surprises of 200% and 3.96%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 05/03/2022
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Earnings Results: Uber moves up earnings report after Lyft forecast sends stock into a slump
- After Lyft Inc.'s financial results sent Uber Technologies Inc. shares into a spiral late Tuesday, Uber announced executives would move up the time of their own earnings announcement.
- 05/03/2022
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Lyft's Outlook Was So Bad, Uber Stock Is Sinking, Too
- The ride-hailing firm is predicting second-quarter Ebitda of between $10 million and $20 million, well below analyst expectations at $83.1 million.
- 05/03/2022
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Lyft shares plunge on light guidance, continued driver incentives
- The company has struggled with driver supply and demand imbalances throughout the pandemic, leading to higher costs or long wait times.
- 05/03/2022
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Lyft stock falls sharply in post-market trading despite revenue beat
- Ride-hailing giant Lyft reported stronger-than-expected Q1 2022 earnings results after the bell on Tuesday. Lyft's revenue of $875.6 million in Q1 beat the analyst consensus estimate of $845.5 million as rideshare ride volumes reached a new COVID-era high.
- 05/03/2022
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Lyft tanks 20% on Q1 results: ‘it's a super cheap stock and we'd be buying'
- Lyft Inc (NASDAQ: LYFT) on Tuesday reported better-than-expected results for its fiscal first quarter. Shares still tanked more than 20% in extended trading on a slight miss on number of riders.
- 05/03/2022
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Lyft continues its COVID recovery, but investors are far from impressed
- American ride-hailing company Lyft reported Tuesday its first quarter financial performance, a report that showed continued improvement from the loss of business it experienced during the COVID-19 pandemic. In Q1, the former startup unicorn generated revenues of $875.6 million, up some 44% from the year-ago period.
- 05/03/2022
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Why Lyft Shares Are Falling After Hours
- Lyft Inc (NASDAQ: LYFT) shares are trading lower in Tuesday's after-hours session after the company reported first-quarter financial results. Lyft said first-quarter revenue increased 44% year-over-year to $875.6 million, beating the $846 million estimate.
- 05/03/2022
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Lyft stock falls after rider numbers come up just short, but execs say demand is increasing
- Lyft Inc. said Tuesday that it had a better-than-expected first quarter, with ride-hailing volumes hitting “a new COVID high,” according to Chief Executive Logan Green.
- 05/03/2022
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Lyft says customers spending despite inflation, results top targets
- Consumers eager for post-pandemic normalcy shrugged off higher prices to keep spending on Lyft Inc rides in the first quarter, and the company on Tuesday surpassed expectations for revenue and operating earnings.
- 05/03/2022
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Options Bulls Latch Onto Lyft Stock Ahead of Earnings
- Lyft Inc (NASDAQ:LYFT) is seeing an options surge, as traders target the stock ahead of the company's first-quarter earnings report, due out after the close today.
- 05/03/2022
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Earnings Previews: Lyft, Match, Starbucks
- The normally quiet weekend was livened up this past Saturday with Berkshire Hathaway's annual shareholders' meeting and quarterly report.
- 05/02/2022
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Between Uber and Lyft, which is the better buy?
- Uber Technologies Inc. (NYSE:UBER) and Lyft Inc. (NASDAQ:LYFT) are the two leading ride-hailing services. They face similar operating and regulatory environments.
- 04/24/2022
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Why This Analyst Thinks Tesla's Disruptive Potential Can Put These Companies Out Of Business
- Tesla, Inc. (NASDAQ: TSLA) reported Wednesday forecast-beating results for its first quarter. Given the all-around strength and the management's positive commentary on the mainstay EV operations and other businesses, an analyst at Loup Ventures said Tesla is putting the prospects of companies.
- 04/23/2022
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Airlines, Uber and Lyft drop COVID-19 mask mandates
- Yahoo Finance Live anchors David Briggs, Brad Smith and Rachelle Akuffo discuss how travel and transportation providers responded to a federal judge ruling against the federal mask mandate.
- 04/20/2022
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Lyft to Acquire Bike-Share Provider PBSC Urban Solutions
- Ride-sharing app Lyft announced Tuesday (April 19) that it has agreed to buy PBSC Urban Solutions, a supplier of bicycle sharing equipment and technology to customers around the world. According to Lyft's announcement, since 2008, PBSC has deployed 95,000 bicycles and 7,500 stations in 45 markets in 14 countries.
- 04/20/2022
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Lyft follows Uber's lead and removes its mask mandate
- Despite the ongoing COVID-19 pandemic, face masks are no longer required for Lyft riders and drivers. Yesterday, Florida federal judge Kathryn Kimball Mizelle voided a federal mask mandate on transportation, affecting airplanes, taxis, buses and other forms of mass transit.
- 04/19/2022
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Lyft doubles micromobility footprint with PBSC acquisition
- Lyft has signed an agreement to acquire PBSC Urban Solutions, a Canadian supplier for bikeshare equipment in technology, in a move that the company says will double its scale in micromobility. The ride-hailing company is on a mission to increase its micromobility footprint.
- 04/19/2022
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Ride Share Stocks Rev Higher After Lifting Mask Mandate
- Ridesharing bigwigs Uber Technologies Inc (NYSE:UBER) and Lyft Inc (NASDAQ:LYFT) are on the rise today after both companies announced they were lifting their mask mandates for both drivers and passengers, starting today.
- 04/19/2022
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Uber drops mask mandate, Lyft still requiring face coverings
- Uber dropped its mask requirement for US passengers and drivers on Tuesday after a federal judge ruled against the Centers for Disease Control and Prevention's mandate. “Riders and drivers are not required to wear masks when using Uber,” the company told users in a message early Tuesday.
- 04/19/2022
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Uber, Lyft face scrutiny for surge pricing after NYC subway shooting
- Yahoo Finance's Brian Cheung and Akiko Fujita discuss Uber and Lyft coming under fire for surge pricing after a shooting in a New York subway station Tuesday.
- 04/13/2022
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Soaring gas prices are forcing some Uber, Lyft drivers off the road
- Gas prices are up nearly 50% from this time last year, forcing many rideshare drivers to quit or scale back.
- 04/13/2022
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Uber, Lyft slammed for surge pricing after Brooklyn subway shooting
- Uber Technologies Inc. and Lyft Inc. on Tuesday said they would suspend surge pricing in New York City after a mass shooting on a Brooklyn subway.
- 04/12/2022
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Uber, Lyft's Win in Washington State Comes Before NLRB Rules on Gig Worker Standard
- Last week, Washington Gov. Jay Inslee signed a new law governing ride-hailing drivers that provides them with additional rights such as sick pay and minimum pay guarantees based on the time and distance they spend on each trip.
- 04/05/2022
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Washington Sets Minimum Pay for Uber, Lyft
- Washington has become the first U.S. state to set earnings standards for ride-hailing companies after Governor Jay Inslee signed into law a minimum pay standard for Lyft and Uber drivers. As Reuters reported Friday (April 1), the law — signed Thursday (March 31) — said Uber and Lyft drivers in Washington will earn a minimum […]
- 04/01/2022
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Uber and Lyft get their first legislative win in campaign to write new labor laws
- In the first legislative success for gig companies in their attempt to rewrite labor laws, Washington Gov. Jay Inslee on Thursday signed into law a bill that ensures new benefits for ride-hailing drivers in the state but does not classify them as employees.
- 04/01/2022
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Washington Gov. signs state-wide Uber, Lyft driver pay guarantee into law
- Washington Governor Jay Inslee on Thursday signed into a law a minimum pay standard for Uber and Lyft drivers across the Northwestern state, the first time a U.S. state is implementing industry-wide ride-hail earnings standards.
- 03/31/2022
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Uber and Lyft drivers say fuel surcharge is ‘an insult to drivers'
- Nearly half of Uber and Lyft drivers in the U.S. have quit or are driving less due to high gas prices caused by Russia's war in Ukraine, despite temporary fuel surcharges added to fares by those ride-hailing companies, according to a survey shared with TechCrunch. “Forty-three percent of Uber and Lyft drivers still say they're […]
- 03/29/2022
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Lyft Teams With Spin Scooters to Offer New US Transportation Mode
- Lyft and Spin are teaming up to offer scooter transportation in 60 U.S. markets with an initial rollout in Nashville, Tennessee, followed by 13 additional cities in April, according to a press release on Thursday (March 24). By partnering with Spin, Lyft is offering riders new, cost-effective and sustainable modes of transportation, per the release.
- 03/24/2022
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You can find, and pay for, Spin scooters on Lyft's app now
- Shared micromobility company Spin and ride-hailing company Lyft are partnering to bring Spin electric scooters to the Lyft app in 60 U.S. markets by the end of the year. The integration, which will enable users to not only find but also pay for scooters through Lyft's app, will initially roll out on Thursday in Nashville, […]
- 03/24/2022
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Lyft's surcharge takes effect as gas prices remain elevated
- The ride-share company's fuel surcharge takes effect this week and will last for at least the next 60 days, according to Lyft's announcement. The surcharge fees will go directly to the drivers.
- 03/21/2022
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Read Why RBC Capital Slashed Price Targets Of Uber, Lyft
- RBC Capital analyst Brad Erickson slashed the price target on Uber Technologies Inc (NYSE: UBER) to $50 from $65 (57% upside) but kept an Outperform. Erickson cut the price target on Lyft Inc (NASDAQ: LYFT) to $50 from $53 (37% upside) and kept an.
- 03/21/2022
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Uber, Lyft drivers consider quitting as pain at the gas pump grows
- A number of Uber and Lyft drivers are considering quitting the app-based ride-hailing platforms as fueling up becomes costlier, with some calling the newly announced surcharges "insulting".
- 03/18/2022
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Uber, Lyft Drivers Struggle With High Gas Prices
- Some drivers say they find it hard to justify spending hours on the road for Uber or Lyft as fuel costs continue to tick upward.
- 03/17/2022
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Lyft to add fuel surcharge of 55 cents due to rising gas prices
- Lyft said Wednesday riders in the US, except for those in New York City and Nevada, would have to pay an extra 55 cents for their commute as the ride-hailing company looks to cushion the impact of high gas prices on drivers.
- 03/16/2022
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Lyft will add 55 cent surcharge to each ride to help drivers with higher gas prices
- Lyft said said the 55 cent surcharge will last for at least 60 days.
- 03/16/2022
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Lyft to charge 55 cents as fuel surcharge due to rising gas prices
- Lyft Inc said on Wednesday riders in the United States, except for those in New York City and Nevada, would have to pay an extra 55 cents for their commute as the ride-hailing company looks to cushion the impact of high gas prices on drivers.
- 03/16/2022
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LYFT Joins UBER in Adding a Fuel Surcharge to Help Drivers
- LYFT plans to add a temporary fuel surcharge on ride trips to help drivers cope with rising gas prices.
- 03/15/2022
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Lyft, Uber add surcharge due to high gas prices
- Lyft and Uber are adding temporary fuel surcharges to fares for ride-hail and deliveries as fuel prices around the country rise. The rising prices are due to Russia's invasion of Ukraine, which has resulted in a mountain of economic sanctions from the west against Russia, including the U.S.'s ban last week of Russian oil imports […]
- 03/14/2022
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Lyft joins Uber in adding surcharges to rides to help offset the cost of gas for drivers
- Following Uber, Lyft announced it will add temporary surcharges to rides to cover cost of gas for drivers.
- 03/14/2022
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Lyft follows Uber in adding fuel surcharge due to high gas prices
- Lyft follows Uber in adding fuel surcharge due to high gas prices
- 03/14/2022
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Lyft joins Uber in charging customers extra for fuel amid high gas prices
- Lyft Inc on Monday joined Uber Inc to levy fuel surcharge on rides from customers in an attempt to cushion the impact on drivers' pockets from higher fuel costs.
- 03/14/2022
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Lyft follows Uber in adding fuel surcharge for riders because of surging gas prices
- Lyft said the fuel surcharges will go to drivers, who are in charge of filling up their own tanks.
- 03/14/2022
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Uber and Lyft drivers are frustrated by surging gas prices following the Ukraine invasion. It's only a matter of time before customers start paying more for rides.
- Uber and Lyft drivers are taking a cut to their margins with higher gas prices. One expert said the companies would likely pass the cost to consumers.
- 03/10/2022
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Lyft will let most employees work and live wherever they want
- In general, Lyft employees won't need permission to relocate within the country, the company said.
- 03/09/2022
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10 Beaten-Down Tech Stocks to Buy for the Long Term
- Tech stocks have traversed a rocky road since we turned the calendar over to 2022. General fears that the pandemic recovery was fully priced in heading into the new year, coupled with concerns about inflation and higher interest rates, caused many of the biggest and most widely held names out there to take a spill.
- 03/09/2022
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Lyft, Uber and unions back new Washington state legislation protecting drivers
- Washington state lawmakers have approved first-of-its kind legislation that sets a minimum wage and other benefits for Lyft and Uber drivers, while maintaining their status as gig workers and not company employees.
- 03/07/2022
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Lyft Didn't Get an Earnings Lift, but the Shares Are Still a Buy
- LYFT stock has entered into bear-market territory, but the omicron factor should be temporary and the company's fiscal stats are impressive. The post Lyft Didn't Get an Earnings Lift, but the Shares Are Still a Buy appeared first on InvestorPlace.
- 03/02/2022
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Rising Rates Have Lyft Stock Investors Running Scared
- Lyft's lack of profitability makes it vulnerable to rising interest rates. Patience and a better LYFT stock chart are needed before you buy.
- 02/25/2022
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Lyft Shares are Ready to Be Lifted Up Down Here
- Rideshare network operator Lyft (NASDAQ: LYFT) stock is attempting to rally on the heels of its first adjusted EBITDA profitable quarter.
- 02/25/2022
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Lyft offers Ukraine staff financial support for moves, supplies
- Ride-hailing app provider Lyft Inc said on Thursday it is offering its employees in Ukraine financial support for emergency supplies or to temporarily move, along with increased time off, amid a Russian invasion of the country.
- 02/24/2022
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My Top Things To Expect This Week
- Did you know the S&P 500 has a 60% chance of dropping on Valentine's Day? That's just one trend that could be worth watching this week.
- 02/14/2022
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Wall Street's top analysts like these stocks for the long term amid market turmoil
- TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, like Snap & Spotify
- 02/13/2022
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Why Lyft Stock Took Off This Week
- Growth could accelerate in 2022, according to management's latest outlook.
- 02/11/2022
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Lyft vs Uber: Two Roads to the Same Destination
- After ride-sharing firm Lyft Inc. (NASDAQ: LYFT) reported earnings Tuesday afternoon, seven analysts weighed in on the company's performance and outlook.
- 02/10/2022
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LYFT's Q4 Earnings Meet, Revenues Beat on Active Rider Growth
- LYFT's Q4 results benefit from higher revenues owing to rise in Active Riders and Revenue per Active Rider.
- 02/10/2022
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LYFT (LYFT) Stock: Why The Price Jumped Up Today
- The stock price of LYFT Inc (NASDAQ: LYFT) increased by over 5% during intraday trading today. This is why it happened.
- 02/09/2022
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Lyft Stock Bounces After Q4 Earnings: 5 Top Analysts React To Revenue Beat, Rider Miss
- LYFT Inc LYFT shares traded higher by 2.7% on Wednesday after the company reported a fourth-quarter revenue beat despite disappointing rider growth. Lyft reported fourth-quarter adjusted EPS of 9 cents on revenue of $970 million, Both numbers topped the consensus analyst estimate of 8 cents and $940.1 million, respectively.
- 02/09/2022
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5 Key Things for LYFT Stock Investors to Know Following Q4 Earnings Results
- Lyft (LYFT) stock is gaining speed on Wednesday after the ride-sharing company revealed results for its fourth quarter of 2021. The post 5 Key Things for LYFT Stock Investors to Know Following Q4 Earnings Results appeared first on InvestorPlace.
- 02/09/2022
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Earnings: Lyft beats on revenue as higher fares offset fewer riders
- Yahoo Finance Live's Julie Hyman and Brian Sozzi discuss fourth quarter earnings for Lyft, price increases for riders amid driver shortages, and the outlook for the company's earnings as Omicron rates drop.
- 02/09/2022
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Lyft Sinks, but This Stock Is Lighting Up the Nasdaq
- Earnings reports continued to move the market on Wednesday.
- 02/09/2022
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Wedbush Lowers Price Target On Lyft Stock But Still Sees 21% Upside
- Wedbush Securities analyst Daniel Ives on Tuesday said he continues to see upside in Lyft Inc.'s LYFT stock despite the mixed earnings results for the fourth quarter. The Analyst Rating: Ives has an Outperform rating on the stock and reduced the price target from $77 to $50, still implying a 21.35% upside over last closing price.
- 02/09/2022
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Lyft's revenue jumps 70% as higher fares offset fewer riders
- Lyft Inc. said revenue increased 70% in the fourth quarter, as longer trips and higher fares offset weaker-than-expected ridership numbers.
- 02/09/2022
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Lyft, Inc. (LYFT) CEO Logan Green on Q4 2021 Results - Earnings Call Transcript
- Lyft, Inc. (LYFT) CEO Logan Green on Q4 2021 Results - Earnings Call Transcript
- 02/08/2022
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Markets Solidly in the Green; Chipotle Beats, Lyft Meets
- Indexes bounced off their Monday doldrums and are now looking to notch their second-straight up-week.
- 02/08/2022
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Lyft reports first-ever full year adjusted profit
- Ride-hailing platform Lyft announced its earnings for Q4 2021 and FY2021 after the bell on Tuesday, turning in its first-ever profitable year in terms of adjusted earnings before interest, taxes, depreciation and amortization. The company reported a figure of $92.9 million after a loss of more than $750,000 in 2020.
- 02/08/2022
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Lyft had a solid fourth quarter: ‘we prefer Uber over Lyft'
- Lyft Inc (NASDAQ: LYFT) on Tuesday said it had a solid fourth quarter that helped hit its target of full-year positive EBITDA. Shares, however, slipped just under 10% after-hours on dovish guidance for the future.
- 02/08/2022
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Lyft's revenue growth masks active riders slippage
- U.S. ride-hailing company Lyft dropped its fourth-quarter financial results Tuesday, a report that showed a mixed bag of growth — that in the area of active riders failed to meet analysts' expectations. The public company had Q4 2021 revenues of $969.9 million, up around 70% from its year-ago quarter that was hit hard by the […]
- 02/08/2022
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Needham senior analyst prefers Uber over Lyft
- Bernie McTernan, Needham senior analyst, joins 'Closing Bell' to discuss Lyft's latest earnings report.
- 02/08/2022
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Earnings Results: Lyft ridership hits pandemic high, but stock falls on disappointing forecast
- Lyft Inc. said Tuesday that it met its goal of full-year positive Ebitda, and that its fourth quarter was “solid,” but its outlook for the current quarter weighed on its stock in after-hours trading.
- 02/08/2022
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Lyft beats on top and bottom line, gives light guidance on active riders
- Deirdre Bosa reports Lyft's latest earnings on 'Closing Bell.'
- 02/08/2022
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Lyft reports first full-year adjusted profit as ride-hail customers pay more than ever
- Lyft Inc closed 2021 with its first full-year adjusted profit as customers eager to step out and travel paid a record amount for trips during the fourth quarter and more drivers returned to work, the ride-hailing company said on Tuesday.
- 02/08/2022
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Earnings Previews: Chipotle, Enphase, Global Foundries, Lyft, Peloton
- Merger Monday was living up to its name, as Frontier Airlines has announced a merger with Spirit Airlines aimed at creating the lowest-cost U.S.
- 02/07/2022
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Uber, Lyft, Instacart, DoorDash form coalition in Washington state to ‘protect driver independence'
- Five evenings a week, sometimes more, Carmen Figueroa gets into her car, signs into her GrubHub account and sets out for a night of deliveries.
- 02/07/2022
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7 Superior Stocks That Smart Investors Will Buy on the Dip
- The recent sell-off presents long-term investors with many robust stocks to buy on the dip. These seven provide a start.
- 02/07/2022
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Earnings Outlook: Nearly two years into the pandemic, Uber and Lyft still looking for a consistent lane
- Nearly two years into the COVID-19 pandemic, the ride-hailing industry is still seeking stability.
- 02/04/2022
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Lyft Stock Could Change Gears with Upcoming Earnings Report
- Lyft Inc (NASDAQ:LYFT) announced that it will release its fourth-quarter earnings after the close on Tuesday, Feb. 8.
- 02/04/2022
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Lyft (LYFT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- Lyft (LYFT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/01/2022
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Lyft, Delta update app partnership to show flight statuses and air travel info
- Lyft and Delta Air Lines are making rides to the airport less stressful with in-app flight status updates that'll be delivered to customers who have linked Delta SkyMiles accounts.
- 01/30/2022
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Cazoo, Uber, Lyft and other car crash IPOs
- As US markets continue to tumble, a number of companies must be thanking their lucky stars they got their flotations away last year. One of the telltale signs of a bubble is a spate of overpriced initial public offerings (IPOs), and 2021 was a bumper year, with 1,051 companies floating in the US – an all-time record.
- 01/27/2022
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Stock Wars: Lyft Vs. Uber
- Benzinga's weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment. This week, the duel is between a pair of ride-hailing services: Lyft Inc. (NASDAQ:LYFT) and Uber Technologies Inc. (NYSE:UBER).
- 01/26/2022
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Why Uber And Lyft Shares Are Rising Today
- Uber Technologies, Inc. (NYSE:UBER) and Lyft, Inc. (LYFT) shares are trading higher after KeyBanc maintained bullish ratings on the stocks and adjusted its price targets, respectively. Keybanc analyst Edward Yruma maintained on Overweight rating on Uber Technologies and lowered the price target from $75 to $65.
- 01/20/2022
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7 Gig Economy Stocks to Buy Following Post-Degree Jobs Dearth
- With recent college grads struggling for permanent employment, gig economy stocks look to fill critical needs in the labor market. The post 7 Gig Economy Stocks to Buy Following Post-Degree Jobs Dearth appeared first on InvestorPlace.
- 01/14/2022
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The Ratings Game: DoorDash stock could thrive amid broader recovery but Lyft faces a tough winter, says analyst
- DoorDash Inc. could be a lasting beneficiary of trends that emerged during the pandemic even as in-person activity rebounds.
- 01/12/2022
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T-Mobile acquires Octopus Interactive, an ad network for screens inside Uber and Lyft cars
- T-Mobile has swooped up Octopus Interactive, a Bethesda, Md.
- 01/10/2022
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Grocery space for delivery will be increasingly important, says Needham's McTernan
- Bernie McTernan, Needham senior analyst, joins 'Squawk on the Street' to discuss delivery stocks in 2022 and how omicron will impact the companies.
- 01/05/2022
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Restaurant Platform Olo Launches Lyft Partnership
- Olo, an on-demand commerce platform for restaurants, has formed a partnership with Lyft to deliver digital orders. The partnership will use Olo's Dispatch service, which lets restaurants fulfill orders generated through their apps and websites via a network of external delivery services, such as Lyft.
- 12/14/2021
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Proposed EU legislation could give gig workers employee rights
- As many as 4.1 million gig workers in the European Union edged closer to full employment status on Thursday, when the European Commission, the executive branch of the EU, released draft legislation that would effectively grant them employee rights. Currently, the burden of proof of employment status in the EU rests on the gig workers themselves, which has forced them to go to court in order to prove that they are employees.
- 12/10/2021
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Lyft won't require its staff to return to the office until 2023
- Lyft is giving its employees another year to work remotely, a dramatic step among major businesses that are continuing to delay a return to the office.
- 12/09/2021
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Lyft to allow office employees to work remotely through 2022
- Lyft Inc., which had aimed for a February return to offices, will allow employees to work remotely for all of 2022.
- 12/08/2021
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LYFT Stock (LYFT): $60 Price Target From UBS
- The shares of LYFT Inc (NASDAQ: LYFT) have received a price target of $60 from UBS. These are the details.
- 12/08/2021
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Is Lyft Stock A Buy, Sell, Or Hold During The Dip?
- Is Lyft Stock A Buy, Sell, Or Hold During The Dip?
- 12/07/2021
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Former Lyft CSO and Freestyle Capital co-founder team up to back climate tech startups
- When it comes to saving the planet, Raj Kapoor, Lyft's former chief strategy officer and head of business, doesn't think asking consumers (or the government) to change their ways is an effective strategy. Instead, he and Josh Felser, the co-founder of Freestyle Capital and a serial entrepreneur, are betting that the future of climate tech […]
- 12/06/2021
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LYFT Chooses Amazon Executive & Disney Veteran as NEW CFO
- LYFT chooses new CFO as Brian Roberts steps down after being in the role for seven years. The newly appointed CFO is set to assume office next January.
- 12/06/2021
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Lyft names Elaine Paul new CFO
- Yahoo Finance's Brian Sozzi discusses Lyft appointing Amazon Studios' Elaine Paul as its new CFO. Don't Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: https://youtu.be/Sb179GLPNYE Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube: https://youtu.be/gx-OzwHpM9k
- 12/03/2021
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Lyft names Amazon Studio's Elaine Paul as CFO
- Ride hailing firm Lyft Inc on Thursday named Amazon.com Inc's executive Elaine Paul as its new chief financial officer, replacing Brian Roberts who is stepping down after seven years in the role.
- 12/02/2021
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Lyft names Elaine Paul, formerly of Amazon Studios and Hulu, as new CFO
- Lyft Inc. on Thursday named a new chief financial officer, Elaine Paul, to replace Brian Roberts, who is moving on to a yet-unknown company.
- 12/02/2021
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UBS Sees Lyft Gaining From Robust Post-Pandemic Recovery; Sees 51% Upside
- UBS analyst Lloyd Walmsley initiated coverage of Lyft Inc (NASDAQ:LYFT) with a Buy rating and $60 price target, implying a 50.8% upside. The company benefits from a robust post-pandemic recovery as a pure-play rideshare business operating in a "stable duopoly market," with little noise around investment in delivery wars and having no exposure to international competition.
- 12/02/2021
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Lyft's co-founder and president on the outlook for the ride-sharing economy
- John Zimmer, Lyft co-president, on whether the omicron variant will derail the recovery. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Dan Nathan and Karen Finerman.
- 12/01/2021
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Trend Alert: Grab Mega-Returns From This VC Fund's Next Target
- VC firm Andreessen Horowitz has made numerous great early investment bets, and it has its attention on healthcare and biotech. The post Trend Alert: Grab Mega-Returns From This VC Fund's Next Target appeared first on InvestorPlace.
- 11/30/2021
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Tusk Ventures founder Bradley Tusk on the outlook for ride hailing stocks
- Bradley Tusk, Tusk Ventures founder, joins 'Closing Bell' to discuss whether ride sharing companies like Uber and Lyft are profitable.
- 11/26/2021
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With Uber and Lyft prices rising, passengers return to original ride-hailing service: Taxi cabs
- As ride-hailing prices have become more expensive during the course of the coronavirus pandemic, some of the biggest metro areas in the country are seeing customers return to taxis.
- 11/22/2021
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3 Stocks to Buy If You Think Autonomous Taxis Will Take Off
- These stocks are moving the needle for AVs and can gain big as companies look for profitable ways to offer autonomous taxis. The post 3 Stocks to Buy If You Think Autonomous Taxis Will Take Off appeared first on InvestorPlace.
- 11/22/2021
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Goldman Names Amazon As 2022 Top Internet Pick; Hails Uber, Lyft, Snap, Meta
- Goldman Sachs named Amazon.com Inc (NASDAQ: AMZN) as its top stock pick for 2022 in the Internet space, The Street reports. Goldman analysts led by Eric Sheridan see Amazon as their top pick for 2022, assigning a Buy rating and a $4,100 price target, implying a 15.8% upside on November 16 closing price of $3,540.70.
- 11/18/2021
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BZ Chart Of The Day: Uber Vs. Lyft
- Shares of Uber Technologies, Inc. (NYSE:UBER) and Lyft, Inc. (NASDAQ:LYFT) may be about to move, but for different reasons. Uber has dropped to support.
- 11/11/2021
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Finding Value In Lyft's Unit Economics
- Headlines focus on Lyft's continued losses. Investors should focus on Lyft's unit economics to anticipate positive momentum.
- 11/10/2021
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Lyft and Motional pick Las Vegas for commercial robotaxi launch in 2023
- Driverless tech-maker Motional AD and U.S. ride-hailing firm Lyft Inc will launch a fully driverless public ride-hailing service in Las Vegas starting 2023, the companies said on Tuesday.
- 11/09/2021
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Motional and Lyft to launch driverless commercial robotaxi service in Las Vegas in 2023
- Lyft and Motional, the Aptiv-Hyundai joint venture aimed at commercializing autonomous driving technology, have announced plans to launch their first fully driverless ride-hail service in Las Vegas in 2023. The news follows multiple years of collaboration, both between the two companies and within the City of Sin.
- 11/09/2021
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7 Sharing Economy Stocks to Buy as the Pandemic Changes Work
- With digitalization increasingly inspiring people to get away from their cubicles, these sharing economy stocks could benefit. The post 7 Sharing Economy Stocks to Buy as the Pandemic Changes Work appeared first on InvestorPlace.
- 11/08/2021
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High prices spell no demand problem for resurgent Uber and Lyft
- Uber and Lyft are emerging from the pandemic as leaner, lower-cost companies with a long-elusive operating profit and the unexpected power to raise prices without alienating riders.
- 11/08/2021
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Lyft (LYFT) Stock: $60 Price Target From MKM Partners
- The shares of LYFT Inc (NASDAQ: LYFT) have received a price target of $60 from MKM Partners. These are the details.
- 11/07/2021
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Lyft Could Become COVID Rebound Winner With These Key Metrics From Q3 Earnings
- Lyft appears poised to exit COVID much stronger as revenue per ride and contribution margin reach all time highs during the quarter. Key trends should improve in 2022, which should benefit Lyft's top and bottom line.
- 11/05/2021
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Stocks Heading Into Holiday Season With Record Highs
- Stocks continued their run of near daily record highs heading into November, as investors digested a slew of economic updates and earnings reports.
- 11/05/2021
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Rideshare rebound: Breaking down Uber's and Lyft's big Q3
- In 2019, a pair of financially unproven but promising rideshare companies debuted two of the largest public offerings of the decade, just two weeks apart from each other –– and they let just about everyone down. At the time, assessments of Uber's and Lyft's IPOs ranged from “modest” to outright “bleak” as the rivals failed to live up to the lofty expectations they had set for themselves.
- 11/05/2021
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Why Lyft Stock Leapt Today
- The ride-hailing industry is recovering as the economy reopens.
- 11/03/2021
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Lyft's Earnings Beat Gives Uber Stock a Boost
- The shares of Lyft Inc (NASDAQ:LYFT) are up 9.1% at $49.46 this afternoon, following the ride share name's third-quarter earnings and revenue beat, which was attributed to a return of drivers and customers, as well as drastic cost cutting.
- 11/03/2021
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6 Lyft Analysts Break Down Q3 Earnings: 'We Think Uber Should Benefit'
- LYFT Inc (NASDAQ:LYFT) shares traded higher by 8.8% and Uber Technologies Inc (NASDAQ:UBER) gained 6.8% Wednesday after Lyft reported third-quarter earnings and revenue beats and said driver shortages are easing. Lyft reported third-quarter adjusted EPS of 5 cents on revenue of $864.4 million.
- 11/03/2021
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Lyft president John Zimmer: The recovery is happening in our business
- Lyft co-founder and president John Zimmer join 'Squawk Box' to discuss its latest earnings where revenue grew 13% quarter-over-quarter to $864.4 million.
- 11/03/2021
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LYFT Shares Jump 13% Following Q3 Earnings & Revenues Beat
- LYFT's Q3 results benefit from significant increase in Active Riders as rideshare rides continue to recover from the coronavirus-led slump.
- 11/03/2021
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Lyft, Inc.'s (LYFT) CEO Logan Green on Q3 2021 Results - Earnings Call Transcript
- Lyft, Inc.'s (LYFT) CEO Logan Green on Q3 2021 Results - Earnings Call Transcript
- 11/02/2021
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Lyft rises after earnings as one analyst says company 'is a pure play'
- Manhattan Venture Partners Head of Research Santosh Rao joins the Yahoo Finance's Adam Shapiro discuss Lyft earnings. Don't Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: https://youtu.be/Sb179GLPNYE Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube: https://youtu.be/gx-OzwHpM9k
- 11/02/2021
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All 4 Major Indexes Now at Record Highs
- This is reminiscent of early September, toward the end of Q2 earnings season, which brought the same level of exuberance among market participants.
- 11/02/2021
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Lyft beats on top and bottom, says it's 100% focused on transportation
- Deirdre Bosa joins 'Closing Bell' to discuss Lyft's latest earnings results.
- 11/02/2021
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Why Lyft Stock Is Trading Higher During Tuesday's After-Hours Session
- Shares of Lyft, Inc. (NASDAQ: LYFT) pushed higher during Tuesday's after-hours session following the release of the company's third-quarter earnings results. The company reported third-quarter sales of $864.40 million, beating the consensus estimate of $862.68 million.
- 11/02/2021
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Lyft reports adjusted profitability as revenue per rider rises
- U.S. ride-hailing company Lyft reported its third-quarter earnings Tuesday, results that beat analyst expectations and sent shares up after the market closed. Lyft, which competes with Uber in the ride-hailing business, reported revenues of $864.4 million in the third quarter, a 73% pop from the $499.7 million in the same-year ago period.
- 11/02/2021
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Lyft says drivers are coming back, but disappoints on active riders
- Lyft reported 18.94 million active riders this quarter, compared to the expected 19.69 million, per StreetAccount.
- 11/02/2021
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Why Uber, Lyft's Rides Continue To Pinch?
- Americans hailing an Uber Technologies (NYSE: UBER) or a Lyft Inc (NASDAQ: LYFT) ride still face high prices due to a crisis of drivers, the Wall Street Journal reports. Both companies report Q3 results next week and will likely address the labor crisis and price surge.
- 11/01/2021
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7 Gig Economy Stocks to Buy as Workers Refuse to Return
- With the Great Resignation forcing a rethink in the labor market, these gig economy stocks could be one of the biggest beneficiaries. The post 7 Gig Economy Stocks to Buy as Workers Refuse to Return appeared first on InvestorPlace.
- 11/01/2021
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Earnings Previews: Activision Blizzard, Lyft, T-Mobile
- More than 1,500 companies are expected to report quarterly earnings this week. Of nine in our watch list for Monday morning, three missed profit estimates and four missed revenue estimates.
- 11/01/2021
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Uber is beating Lyft for both riders and drivers, analysts say
- Uber Technologies Inc. appears to be outperforming its smaller competitor, Lyft Inc., as the ride-hailing companies attempt to drive their businesses back from pandemic lows, some analysts say.
- 10/29/2021
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Why Earnings Season Could Be Great for Lyft (LYFT)
- Lyft (LYFT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 10/29/2021
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Lyft & Uber's Newest Focus: Trying To Solve A Huge Problem In Healthcare
- Both companies are using their robust infrastructures to tackle an incredibly challenging problem in healthcare.
- 10/27/2021
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Lyft (LYFT) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release
- Lyft (LYFT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/26/2021
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Lyft recorded 4,000 reports of sexual assault within three years
- Company reveals figures, including 1,800 reports in 2019, as ride-hailing companies face growing safety scrutiny
- 10/22/2021
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Lyft records more than 4,000 sexual assault cases in long-overdue safety report
- Lyft Inc received reports of more than 4,000 instances of sexual assault on its ride-hailing platform between 2017 and 2019, detailing the data in a safety report it had promised to publish about two years ago.
- 10/22/2021
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Lyft Says 1,807 Sexual Assaults Occurred in Rides in 2019
- The company's first-ever safety report, which it committed two years ago to producing, also included four fatal assaults and 49 deaths in crashes.
- 10/21/2021
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Delimobil: Russia's Ridesharing Company
- Delimobil: Russia's Ridesharing Company
- 10/21/2021
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Moves wants to reward gig workers with shares in Uber, Lyft, DoorDash, Grubhub
- Moves, a Toronto-based gig economy fintech startup, wants to reward gig workers with stocks from the companies for which they drive. The first version of the Moves Collective, as the startup's new service is called, launches on Thursday with Uber stocks available and then quickly offer Lyft, DoorDash and Grubhub shares, says CEO of Moves, […]
- 10/21/2021
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Instacart shoppers plan nationwide strike for Saturday
- It should come as no surprise that the state of the gig economy is a precarious one. Gig companies like Uber and Lyft are still struggling to make a profit – they're also struggling to pay their rideshare and food delivery drivers adequately, which has resulted in a nationwide wave of pushback against gig employers, both from their workers and from legislators.
- 10/15/2021
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Want To Arrange A Ride For Your Tinder Date? Lyft Can Do It For You
- Lyft Inc (NASDAQ: LYFT) and Match Group Inc's (NASDAQ: MTCH) Tinder aim to tap the recovery-triggered face-to-face dating through a Lyft feature that allows Tinder users to send their date a Lyft ride. Lyft users will be able to access Tinder's new Explore hub and purchase a Lyft ride credit for their match.
- 10/07/2021
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Joby Stock Could Be a Big Winner
- Given Joby's strong backers, first-mover advantage, reasonable valuation, and very talented CEO, JOBY stock is a buy for some investors. The post Joby Stock Could Be a Big Winner appeared first on InvestorPlace.
- 09/24/2021
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‘We Can Control Our Own Destiny': John Zimmer Shares Lyft's Vision For The Company's Future And $1 Trillion Market Opportunity
- Lyft cofounder John Zimmer shares the future vision for the ridesharing giant as they hit profitability ahead of analyst expectations—as well as their competitors.
- 09/23/2021
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Why Lyft Shares Are Shifting Gears Today
- Lyft Inc (NASDAQ: LYFT) is trading higher Tuesday in sympathy with Uber Technologies (NYSE: UBER) after the company announced it narrowed its third-quarter gross bookings guidance and said it expects to deliver sequential adjusted EBITDA improvement in the fourth quarter. Uber said it expects third-quarter gross bookings to be in a range of $22.8 billion and $23.2 billion.
- 09/21/2021
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Goldman Sachs Initiated Facebook, Snap, Pinterest, Amazon, Peloton, Uber And Lyft This Week
- Analyst ratings measure the expected performance of a stock during a given time period. Traders and investors should know analysts and brokerage firms often use ratings when they issue stock recommendations to stock traders.
- 09/19/2021
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The Best Looking Private Investment I've Ever Seen (and Perhaps One of the Worst)
- Crowdfunding offers individuals the opportunity to participate in early investments in startups. Here's one good one and one lousy one.
- 09/10/2021
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Why Your Uber and Lyft Rides Are So Expensive | WSJ
- Rides may never cost what they did before the pandemic Your average Uber or Lyft ride cost 50% more this summer than before the pandemic. But prices were inching up even before lockdowns began.
- 09/10/2021
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Uber follows Lyft's lead, will cover drivers' legal fees under Texas SB8
- CNBC's Contessa Brewer reports that Uber will cover legal fees for any Uber driver who's charged with taking women to get an abortion.
- 09/03/2021
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Massachussetts AG greenlights Uber, Lyft-backed gig worker ballot initiative
- Massachusetts Attorney General Maura Healey gave a coalition of app-based service providers like Uber and Lyft the go-ahead to start collecting signatures needed to put a proposed ballot measure before voters that would define drivers as independent contractors rather than employees. Backers of the initiative, which is essentially a MA version of Proposition 22, would […]
- 09/01/2021
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Uber and Lyft rides are more expensive than ever because of a driver shortage
- The cost of a ride from a ride-sharing app like Uber or Lyft increased 92% between January 2018 and July 2021, and the recent driver shortage is to blame.
- 08/31/2021
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Pick Uber Stock Over Lyft As Covid Uncertainty Lingers
- Although both the companies have been impacted by the pandemic, as the ride-sharing market collapsed through the Covid-19 lockdowns, Uber's financial performance has been better driven by rising demand for its food delivery business.
- 08/30/2021
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Why You Shouldn't Bet Blindly on Uber or Lyft
- The same challenge to both companies' core business model just won't go away.
- 08/26/2021
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Lyft Prez ‘Confident' Rideshare Firms Will Prevail Over Renewed Prop 22 Battle
- Lyft Co-founder and President John Zimmer told CNBC's Jim Cramer that the renewed legal fight regarding California's Proposition 22 and the classification of workers will be on the side of his company, as well as other firms entrenched in the gig economy, CNBC reported.
- 08/24/2021
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Jim Cramer: Uber and Lyft are good temperature takers on labor
- The 'Squawk on the Street' team discuss Uber and how the Analog Devices-Maxim deal could impact Chinese stocks.
- 08/23/2021
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Uber, Lyft hit by Prop 22 punch
- Ride-hailing giants Uber Inc. and Lyft Inc. were dealt a blow after a California judge ruled California's Proposition 22, which classified drivers as independent contractors, was unconstitutional.
- 08/23/2021
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Prop 22: ‘The fight isn't over' for Uber and Lyft drivers, analyst says
- A judge in Califofornia invalidated a 2020 ballot initiative, exempting ride-hailing services like Uber and Lyft from a state law that would require its drivers to become employees. Jason Helfstein, Head of Internet Research and Managing Director at Oppenheimer & Co., joins Yahoo Finance Live to discuss how Uber and Lyft are trading after the court ruling and the outlook for gig economy.
- 08/23/2021
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Shares of Uber, Lyft and Doordash tank after CA judge strikes down gig law
- When markets opened Monday, Uber shares were down 2.3 percent at $39.05 and Lyft shares had fallen 3.1 percent to $44.48, according to MarketWatch data.
- 08/23/2021
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Gig Worker Stocks: What UBER, LYFT and DASH Investors Need to Know Today
- Gig worker stocks are on the move Monday after a California judge weighed in on a lawsuit over the state's Proposition 22 legislation. The post Gig Worker Stocks: What UBER, LYFT and DASH Investors Need to Know Today appeared first on InvestorPlace.
- 08/23/2021
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What Will the Stock Market Do Today, Aug. 23? 3 Big Stories to Watch.
- So what will the stock market do today? All eyes are on gig economy stocks like Uber after a judge ruled Proposition 22 was unconstitutional.
- 08/23/2021
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Why Uber And Lyft Shares Are Trading Lower Today
- Uber Technologies (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) are trading lower Monday after a California judge ruled that classifying gig workers as independent contractors rather than employees is unconstitutional. Alameda County Superior Court Judge Frank Roesch found Proposition 22 to be unenforceable because of a section that "limits the power of a future legislature to define app-based drivers as workers subject to workers' compensation law.
- 08/23/2021
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Lyft and Uber shares down after court says California gig worker push is unconstitutional
- The move is a hard hit to gig economy companies that have lobbied for the measures to pass in order for their business models to keep operating as normal.
- 08/23/2021
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Uber Stock, Lyft Fall as California Prop 22 Ruled Unconstitutional
- The companies' stock fell in premarket trading after a California judge struck down a law allowing the companies to classify drivers as contractors rather than employees.
- 08/23/2021
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California Judge Strikes Down Gig Worker Exemption From Labor Law
- In a blow for Uber and Lyft, a California court has ruled that a 2020 ballot measure making it so rideshare and food delivery drivers were not able to be included in a state labor law is unconstitutional, The Sacramento Bee reported. The measure, called Proposition 22, was passed with 58 percent approval from voters.
- 08/22/2021
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Uber and Lyft's Proposition 22 is unconstitutional, judge rules
- The measure classifies gig workers as contractors rather than employees.
- 08/21/2021
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Judge Shoots Down Law That Kept Uber and Lyft Drivers From Being Employees
- Uber Technologies, Lyft, DoorDash, Instacart and other app-based companies funneled more than $200 million into support for Proposition 22, which recused their businesses from treating drivers as employees under state law.
- 08/21/2021
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California judge sides with ride-share app drivers in blow to Uber, Lyft
- California Superior Court Judge Frank Roesch ruled that Proposition 22, a measure that denied ride-share app drivers benefits, was unconstitutional.
- 08/21/2021
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California judge rules Prop 22 unconstitutional, dealing blow to gig worker initiative backed by Uber and Lyft
- Proposition 22 exempted ride-hailing and food delivery companies from complying with state laws on minimum wage, healthcare, and unemployment benefits.
- 08/21/2021
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Judge shoots down landmark law that kept Uber and Lyft drivers from being employees
- A judge Friday shot down a law that would have allowed app-based companies to continue treating drivers as contractors instead of employees in California, ruling unconstitutional a proposition passed by voters after a record-breaking campaign.
- 08/20/2021
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California Judge Strikes Down Ballot Measure That Let Uber, Lyft Treat Drivers As Contractors
- It's a setback for gig companies after the ballot measure, which they heavily supported, was passed by California voters late last year.
- 08/20/2021
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Here's Why I'm Still Not Buying Uber or Lyft
- These companies prove that managing the needs of multiple stakeholders is not an easy task.
- 08/18/2021
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Uber And Lyft: The Limits Of The Amazon Model
- The Amazon business model of undercharging and overproducing to gain scale at the expense of profits is beginning to show its limits. Uber and Lyft are in an alterable cycle of driver, customer and platform costs that eat into almost all their bookings.
- 08/15/2021
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Swiss National Bank Scooped Up AMC Stock. It Also Bought Uber and Lyft.
- Switzerland's central bank more than quadrupled its stake in AMC Entertainment stock, bought more Uber shares, initiated a stake in Lyft, and sold McDonald's stock in the second quarter.
- 08/15/2021
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LYFT Stock Price $88 Target From Citi
- The shares of LYFT Inc (NASDAQ: LYFT) have received a price target increase from $80 to $88. These are the details.
- 08/08/2021
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Uber, Lyft Drivers Are Back To Work, But Prices At Record High
- The fares of Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) in the U.S. are at a record high, despite their drivers returning to work. The fares have risen month-to-month from February through July, WSJ reports quoting Rakuten Intelligence's data.
- 08/07/2021
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MarketWatch First Take: Uber and Lyft are staging a ridiculous race for fake profits
- Lyft finally showed positive adjusted Ebitda in the second quarter, while Uber promises it by the end of the year, but none of it is worth cheering as companies continue to run businesses with little hope of turning an actual profit anytime soon
- 08/05/2021
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Massive Amount of Demand Coming Back: Lyft President
- Aug.05 -- John Zimmer, Lyft president, discusses the ride hailing company's 2Q earnings that show its first ever quarterly adjusted profit despite driver shortages and the country coming out of the pandemic. He speaks with Emily Chang on “Bloomberg Technology.
- 08/05/2021
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Uber And Lyft's Strategies Diverge To Ride Economic Recoveries
- Investing for growth is a strategy that pays dividends — eventually. Maybe. But once the cash is spent, once the dollars allocated toward marketing, product development — you name it — what comes as return on investment, especially for the ride-hailing companies, might be less than appetizing, at least for Wall Street.
- 08/05/2021
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RBC's Brad Erickson sees an about 30% upside in Lyft stock
- Lyft Inc (NASDAQ: LYFT) reported a strong revenue beat in its second quarter results which helped the ride-hailing company become EBITDA profitable for the first time ever. In a note sent to clients following the earnings release, RBC Capital Markets' Brad Erickson maintained an Outperform rating on Lyft's stock with an unchanged $70 price target.
- 08/05/2021
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Uber, Lyft take different spending routes in race to add drivers
- A return to business as usual for Uber Technologies Inc and its rival Lyft Inc has thrown up a new challenge to the ride-hailing firms looking for profitability - spend more to bring back drivers to meet the rising demand for rides.
- 08/05/2021
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Kroger partners with Lyft for discount COVID vaccine rides
- Kroger Co. has partnered with Lyft Inc. to offer discounted rides to and from COVID-19 vaccination appointments. Customers in certain markets can go to the Kroger website where they will receive a code that will provide $12 per ride and make an appointment for a Kroger pharmacy or The Little Clinic location.
- 08/05/2021
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The Ratings Game: Lyft stock sinks on worries about outlook, pandemic uncertainty and growth
- Lyft Inc. shares fell sharply Wednesday, a day after the ride-hailing company reported results that included a 125% increase in revenue amid a continued recovery from the COVID-19 pandemic, but softer than expected guidance.
- 08/04/2021
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So What's Up With Uber And Lyft Today?
- Uber Technologies Inc (NYSE:UBER) shares are trading lower in Wednesday's session ahead of the company's Q2 earnings report, which is scheduled for after the close today. Ridesharing peer LYFT Inc (NASDAQ:LYFT) reported second-quarter earnings yesterday after the close and is now trading lower.
- 08/04/2021
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Group backed by Uber, Lyft pushes Massachusetts gig worker ballot measure
- A coalition of app-based companies, including Uber Technologies Inc, Lyft Inc and DoorDash Inc, on Wednesday took the first step to put a measure before Massachusetts voters that would define their drivers as independent contractors entitled to minimum benefits but avoid having them declared their employees.
- 08/04/2021
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Lyft Results Beat Expectations. Here's Why the Stock Is Falling.
- Investors appear disappointed with Lyft's third-quarter outlook and the company's increasing costs for driver incentives. Some analysts, meanwhile, prefer Uber stock.
- 08/04/2021
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Why This $57B Fund Loves Amazon, Apple, and Lyft Stock
- Sonu Kalra, who manages the Fidelity Blue Chip Growth fund, invests in companies whose products or services customers can't live without. That has led to holdings like Amazon.com, Apple, and Alphabet.
- 08/04/2021
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Lyft Adds 3.6 Million Active Riders In Q2
- The ranks of Lyft's Active Riders increased by over 3.6 million from the prior quarter — demand for the ridesharing platform continued to rise even as reported COVID case counts were on the uptick. Brian Roberts, Lyft's chief financial officer, noted that the year-over-year revenue for this quarter came out to 125 percent higher, with […]
- 08/03/2021
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Lyft, Inc. (LYFT) CEO Logan Green on Q2 2021 Results - Earnings Call Transcript
- Lyft, Inc. (LYFT) CEO Logan Green on Q2 2021 Results - Earnings Call Transcript
- 08/03/2021
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Lyft (LYFT) Reports Q2 Loss, Tops Revenue Estimates
- Lyft (LYFT) delivered earnings and revenue surprises of 73.91% and 9.10%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 08/03/2021
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Lyft achieves adjusted-EBITDA profitability, sets sights on continued growth
- Ride-hailing company Lyft released its Q2 earnings after the bell on Tuesday, recording a massive 125% increase in year-over-year revenue and a 25% gain on last quarter's revenue, while also recording profitable adjusted earnings before interest, taxes, depreciation and amortization for the first time in its history. The company brought in $765 million in revenue for the quarter compared to $339.3 million last year.
- 08/03/2021
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Lyft turns EBITDA profitable for the first time in Q2
- Lyft Inc. (NASDAQ: LYFT) said on Tuesday it turned EBITDA profitable in the fiscal second quarter for the first time since it went public. The Uber rival saw a sharp increase in riders and reported better-than-expected results for the fiscal Q2.
- 08/03/2021
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Lyft reaches adjusted profitability milestone despite continuing net losses
- Today after the bell, U.S. ride-hailing company Lyft reported its second quarter financial performance. In aggregate the company's performance was a rebound from the year-ago second quarter, which was heavily impacted by the onset of the COVID-19 pandemic and resulting lockdowns in the United States.
- 08/03/2021
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Earnings Results: Lyft more than doubles revenue, adds millions more riders during ‘exceptional' quarter
- Lyft Inc. on Tuesday reported an "exceptional" second quarter as it added millions more riders and saw adjusted Ebitda profitability for the first time.
- 08/03/2021
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Lyft revenue grows 125% from last year
- The company also beat analyst expectations when it came to active riders.
- 08/03/2021
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Lyft Announces Second Quarter Results
- SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its second quarter ended June 30, 2021. “We had a great quarter. We beat our outlook across every metric and we have growing momentum,” said Logan Green, co-founder and chief executive officer of Lyft. “Since our inception, we've worked hard to defy the odds with a deep belief in our mission. We've consistently innovated and made big bets and this is just the beginning. We want to improve people's liv
- 08/03/2021
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Uber, Lyft and others face a reckoning
- About two weeks ago, thousands of people across the United States took to the streets in protest, hoisting signs with damning statements like “Driving us into poverty” or “32 cents a mile is not enough.” In cities from Los Angeles to Boston, the masses clamored to be heard, tensions flared and the streets seemed suspiciously devoid of ridesharing vehicles.
- 08/03/2021
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What Will the Stock Market Do Today? 3 Big Stories to Watch.
- So what will the stock market do today? All eyes are on Chinese stocks like TCEHY stock and BABA stock following new crackdowns.
- 08/03/2021
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Uber, Lyft Riders Return As Delta Variant Surges, Drivers Steer Clear
- Uber and Lyft have finally started to see riders return to the on-demand transportation service, but that bounceback could be short-lived if the Delta variant of the coronavirus continues its surge and drivers continue to resist a return to sharing their vehicles with passengers who might be contagious. Uber has shifted its focus to delivering […]
- 08/02/2021
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Earnings Previews: Activision, Lyft, Occidental, Skillz
- This week will bring June-quarter results from several oil and gas exploration and production companies, along with some big health care firms, media companies and utilities.
- 08/02/2021
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Why This Analyst Sees Huge Upside Potential in Gig Economy Stocks
- Government-imposed lockdowns crushed the U.S. economy last year, and to a degree some of the fallout is still lingering.
- 08/02/2021
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Lyft's Earnings Outlook
- Lyft (NASDAQ:LYFT) releases its next round of earnings this Tuesday, August 03. Here is Benzinga's essential guide to Lyft's Q2 earnings report.
- 08/02/2021
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Uber And Lyft Race To Raise Hood On Driver Shortages, Alternative Revenue Sources
- As people have become more comfortable leaving their homes again, major global economies and their industries are riding gains on the path to a return to normal. But ride-sharing companies Uber Technologies (NYSE: UBER) and Lyft (NASDAQ: LYFT) seem to have been having trouble accelerating as people increasingly take to the streets.
- 08/02/2021
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Uber And Lyft Race To Raise Hood On Driver Shortages, Alternative Revenue Sources
- As people have become more comfortable leaving their homes again, major global economies and their industries are riding gains on the path to a return to normal.
- 08/02/2021
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Uber, Lyft seen boosted by return of riders, but driver shortage, stubborn virus cloud outlook
- Ride hailing companies Uber Technologies Inc and Lyft Inc promised Wall Street they would be back on the road to profitability and growth by the time they reported second-quarter results this week, thanks to cost-cutting done to survive the pandemic.
- 08/02/2021
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GeekWire's Great Race II: Taxi, Lyft, e-bike, scooter, bus — here's who won in Seattle rush hour
- We had a ton of fun testing Seattle's transportation options through rush hour traffic during our inaugural GeekWire Great Race back in 2017.
- 07/30/2021
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Lyft: Anticipated 2021 Recovery Already Reflected In Stock Price
- The company is a ride-hailing platform that saw a blow to its user base last year with the lockdowns but is expected to recover by 54% as mobility trends improve. However, its take rate may see limited upside as drivers' earnings stagnate and face competition from rising Uber driver earnings, which is a tailwind for revenue growth.
- 07/27/2021
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Uber, Lyft drivers call for better pay and working conditions
- Yahoo Finance's Dan Howley reports details on Uber and Lyft drivers' one-day strike for better pay and working conditions. Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube: https://youtu.be/gx-OzwHpM9k
- 07/25/2021
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GMO's 2021 Mid-Year Letter: Quality Strategy
- June marked six years since the formation of our team and the refocusing of GMO's efforts on quality investing. We are writing to update you on your portfolio, reflect on what has changed over those six years, and share how we're thinking about quality investing today.
- 07/23/2021
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Self-Driving Fords Set for Lyft-off in Miami and Austin
- Ford might have to adjust its slogan from "Have you driven a Ford lately?" to "Has a Ford driven you lately?
- 07/23/2021
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Lyft will team up with Ford and a self-driving car start-up to offer rides in Miami.
- The companies plan to begin offering the service this year, expanding later to Austin, Texas. A human will still be behind the wheel.
- 07/21/2021
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Uber and Lyft drivers are on a day-long strike for the right to organize
- On Wednesday, July 21, drivers in 11 cities (including LA, San Francisco, Austin, and Las Vegas) are turning off their apps to support the PRO Act and protest what they say are shrinking pay rates. Uber and Lyft drivers in 11 cities across the country are striking on Wednesday, July 21, in protest of poor working conditions and declining pay rates, and to call on the U.S. Senate to pass the Protecting the Right to Organize Act, or PRO Act, which would give app-based workers the right to organize with a union.
- 07/21/2021
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Uber and Lyft drivers strike, seek passage of PRO Act
- Ride-hailing drivers across the country executed a strike Wednesday, calling on the U.S. Senate to pass the PRO Act, a bill that would allow them to organize.
- 07/21/2021
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Ford and partner Argo AI will launch Lyft self-driving cars this year - Roadshow
- The first autonomous cars ready for ride hailing will hit the road in Miami by the end of this year.
- 07/21/2021
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Ford, Argo AI, Lyft To Launch Self-Driving Car Service By Year's End
- Argo AI, Lyft and Ford Motor Company are collaborating to launch self-driving cars at scale, according to a Wednesday (July 21) announcement. The joint effort brings together self-driving technology, vehicle fleet and transportation network.
- 07/21/2021
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Ford to run self-driving cars on Lyft network later this year
- Lyft will begin running autonomous vehicles within its rideshare network before the end of 2021 through a partnership with Ford and Argo AI. The three companies announced an agreement Wednesday morning that will place self-driving ride-hailing vehicles on Miami city streets later this year and on Austin, Texas, roadways in 2022.
- 07/21/2021
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Ford, Argo AI To Launch Self-Driving Vehicles On Lyft Network By 2021-End
- Ford Motor Company (NYSE: F), Lyft Inc (NASDAQ: LYFT), and Argo AI have entered into a partnership to commercialize autonomous ride-hailing at scale. Lyft will receive 2.5% of the common equity of Argo AI as part of the licensing and data access agreements.
- 07/21/2021
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Argo AI, Ford and Lyft to launch self-driving ride-hail service in Miami and Austin
- Self-driving startup Argo AI, carmaker Ford Motor Co and ride-hail company Lyft Inc on Wednesday said they partnered to offer robotaxi trips to Lyft customers in Miami and Austin.
- 07/21/2021
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Ford and Argo AI to launch self-driving cars with Lyft by the end of the year
- Self-driving rides with safety drivers will roll out this year in Miami by request and next year in Austin.
- 07/21/2021
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Lyft Invests In Argo AI; Ford's First Robotaxis Arrive In Late 2021
- Ford and automated driving partner Argo AI will launch automated ride-hailing services on Lyft's platform in Austin and Miami this year. Lyft will provide Argo with data to help optimize deployments and evaluate the safety of the vehicles in exchange for a 2.5% stake
- 07/21/2021
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Uber and Lyft drivers to join day-long strike over working conditions
- Workers for app companies call for better wages and protections for those seeking to unionize
- 07/21/2021
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Lyft Rolls Out Modified Shared Rides
- With cities around the country easing their COVID restrictions, Lyft has reintroduced shared rides, its lowest-cost ride option, in three U.S. cities. The feature will roll out in Philadelphia, Chicago and Denver, with more cities to follow, the ride-hailing service said on Thursday (July 15).
- 07/15/2021
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Lyft To Resume Shared Trips In Phases Subject To Health Protocols
- Lyft Inc's (NASDAQ: LYFT) consumers in Philadelphia, Chicago, and Denver, can avail shared rides from Monday, the company said in a blog. Lyft had pulled the shared rides since Mar. 2020 owing to COVID-19.
- 07/15/2021
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Lyft bringing back shared rides but will require everyone to wear masks
- Starting Monday, consumers in Philadelphia, Chicago and Denver can book the option that allows passengers to split a car that's going in the same direction.
- 07/15/2021
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Lyft is bringing back a version of shared rides
- Shared rides were a key part of how the founders of Uber and Lyft envisioned disrupting transportation. Back in 2014, the companies raced each other to be first to announce their carpooling options, with the promise of creating a more efficient service that's also more affordable for riders.
- 07/15/2021
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Lyft to resume shared rides in U.S. for first time since pandemic
- Lyft Inc on Thursday said it will return the option for passengers to book shared rides in select U.S. markets for the first time since the pandemic, when shared trips were scrapped to halt the spread of the novel coronavirus.
- 07/15/2021
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Uber, Lyft aim to boost incentives as labor shortage persists
- Uber and Lyft prices surge as the driver shortage hits ride-hailers and incentives ride-sharing companies are offering to entice workers. Yahoo Finance's Dani Romero shares the details.
- 07/06/2021
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LYFT Stock Price: $76 Target From Cowen
- The shares of LYFT Inc (NASDAQ: LYFT) have received a price target increase from $72 to $76 from Cowen. These are the details.
- 07/04/2021
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Why many Uber and Lyft drivers aren't coming back
- Rideshare companies are still struggling to bring drivers back to full speed, leading to longer wait times for customers and higher prices.
- 07/04/2021
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Why Uber And Lyft Are Moving Today
- Shares of Uber Technologies, Inc. (NYSE:UBER) and Lyft, Inc. (NASDAQ:LYFT) are trading higher Cowen & Co. maintained an Outperform rating on the stocks and raised its price targets. Cowen & Co. analyst John Blackledge maintained an Outperform rating on Uber and raised the price target from $76 to $80.
- 07/01/2021
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Uber, Lyft, DoorDash Drivers Resort To Apps That Help With Gig Work Info: WSJ
- Uber Technologies Inc (NYSE: UBER), Lyft Inc (NASDAQ: LYFT), and DoorDash Inc (NYSE: DASH) drivers are flocking to a wave of apps tailored for better functioning gig work, the Wall Street Journal reported. What Happened: Gridwise Inc's app, which collates drivers' earnings across platforms, noted more than twice downloads in May Y/Y.
- 06/23/2021
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Massachusetts coalition launches to fight Uber, Lyft and avoid California gig-work outcome
- Trying to avoid a repeat of gig companies' victory in California in November, Massachusetts workers, community organizers, labor and civil-rights groups on Tuesday launched an effort to fight an expected ballot measure over worker classification.
- 06/22/2021
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