Business, Technology

Barclays: Uber, Lyft ‘Well Positioned’ to Turn a Profit

Uber app The Uber app is seen open on a cellphone in London on Nov. 25, 2019. (Kirsty Wigglesworth/Associated Press)

A new analysis by Barclays Capital of about 2.4 billion taxi and ride-hailing trips in New York City addresses the biggest question investors have about Uber Technologies Inc. and Lyft Inc. When will they turn a profit?

Esha Dey | Bloomberg News
December 10, 2019
Business, Technology

Lyft Forecasts Profit by End of 2021, Sending Shares Surging

A Lyft driver with map visible on phone A Lyft driver navigates to a passenger. (Mike Coppola/Getty Images for Lyft)

Ride-hailing company Lyft Inc. is expected to turn a profit by the end of 2021, a year earlier than analysts had expected, company executives said.

Lizette Chapman | Bloomberg News
October 22, 2019
Government, Business, Technology, Fuel, TCA

Wisconsin Utility Offers Cash for Electric Vehicle Drivers Who Join Lyft

Lyft sign lit up Gabby Jones/Bloomberg News

MADISON, Wis. — Madison Gas & Electric is partnering with Lyft to promote the use of electric vehicles.

Chris Hubbuch | Wisconsin State Journal
August 22, 2019
Business, Technology

Lyft Shares Rise Ahead of Insiders’ First Chance to Sell Stock

Lyft sign lit up Gabby Jones/Bloomberg

Some early investors in Lyft Inc., one of the most anticipated yet disappointing IPOs of the year, will get their first opportunity to sell shares Aug. 19.

Esha Day | Bloomberg News
August 16, 2019
Business, Technology, Logistics

Lyft Gains as Analysts Say Results May ‘Win Over Skeptics’

Lyft Earnings David Paul Morris/Bloomberg News

Lyft Inc.’s second-quarter results blew past market estimates and won accolades from Wall Street, as analysts said they now see a clearer path to profitability and a “more rational competitive environment.”

Sam Unsted and Esha Dey | Bloomberg News
August 8, 2019
Business, Technology

Lyft COO Jon McNeill to Depart Company

Lyft Jon McNeill, is stepping down as Lyft Chief Operating Officer. (Christinne Muschi/Bloomberg News)

Jon McNeill, who was hired last year to run Lyft Inc.’s operations, is leaving the company. The founders, who have struggled to retain an operating chief, said they won’t hire a replacement.

Dana Hull and Eric Newcomer | Bloomberg News
July 29, 2019
Business, Technology, Autonomous

Lyft Making Driverless Data Public in Bid to Speed Development

Lyft Gabby Jones/Bloomberg News

Lyft is making research data on self-driving technology available to the public in a bid to accelerate the development of robotic cars, which is seen as critical to the ride-hailing giant’s future viability.

Keith Naughton | Bloomberg News
July 23, 2019
Business, Technology

GM Beats Profit Estimates With a Raise From Lyft

Lyft Kyle Grillot/Bloomberg News

General Motors Co. needed a little help from ride-hailing company Lyft Inc. to beat analysts for first-quarter profit as cost cuts only partially made up for lower sales.

April 30, 2019
Business, Technology, Autonomous

Lyft Reveals Big Growth but No Profits as It Readies for IPO

Lyft sign Josh Edelson/AP Images for Lyft

NEW YORK — Lyft revealed that it is growing quickly ahead of its initial public offering but continues to bleed money and may struggle to turn a profit, according to a federal filing.

March 4, 2019
Business, Technology, Safety, Autonomous, TCA

Lyft to Put Fleet of Driverless BMWs to Work in Las Vegas


A fleet of 30 driverless BMW 5 Series vehicles is about to hit the streets of Las Vegas.

Mick Akers | Las Vegas Sun
May 3, 2018