lyft News Updates

Lyft suffered its worst stock decline in more than a year after the rideshare firm issued a disappointing forecast that missed Wall Street expectations.

The San Jose, Calif.-based company could seek $300 million to $400 million, a source told Bloomberg. A listing in the U.S. could take place as soon as the end of this year or early 2027.

Drivers for Lyft and Uber protested self-driving Waymo taxis in San Francisco on Jan. 9, urging state regulators to exercise greater oversight of autonomous vehicles.

Lyft projected an acceleration in bookings this quarter, easing concerns about the ride-hailing company’s efforts to expand globally and maintain customer loyalty. 

Lyft Inc. is partnering with autonomous vehicle developer Tensor Auto to deploy a fleet of hundreds of robotaxis in Europe and North America starting in 2027.

Lyft is testing the feature with a limited number of drivers, and it will gather data and community feedback before deciding on a broader roll-out.

Waymo is already an established partner with Lyft rival Uber.

Lyft will offer rides in a fleet of Toyota Sienna minivans equipped with autonomous technology developed by May Mobility.

The Guangzhou-headquartered firm’s optimism comes as it eyes new markets in Europe. Road testing is being carried out in Luxembourg.

The results landed just hours after Uber issued a better-than-expected forecast for the third quarter and exceeded Wall Street’s expectations on gross bookings.