lyft

Business, Technology, Logistics

Uber, Lyft Win Delay on Converting Drivers to Employees

Driver putting Lyft sticker car next to Uber sticker A Lyft logo is installed on a Lyft driver's car next to an Uber sticker. (Gene J. Puskar/Associated Press)

Uber and Lyft were spared from having to rapidly convert their California drivers to employees after an appeals court agreed they can keep their business models in place while challenging a judge’s order to comply with a state labor law.

Joel Rosenblatt | Bloomberg News
August 20, 2020
Government, Business, Technology

Uber Takes Shot at Lyft in Defense to Gig-Worker Suit

A pedestrian checks her phone in front of the Uber headquarters in San Francisco. A pedestrian checks her phone in front of the Uber headquarters in San Francisco. (David Paul Morris/Bloomberg News)

Uber Technologies Inc. is trying to duck a California lawsuit that threatens to upend its business model — by pointing a finger at Lyft Inc.

Joel Rosenblatt | Bloomberg News
July 16, 2020
Business, Logistics

Lyft Suggests Drivers Work for Amazon After Ridership Plummets

A Lyft driver navigates to her passenger in San Francisco. A Lyft driver navigates to her passenger in San Francisco. (Mike Coppola/Getty Images)

Amazon.com Inc. is teaming up with Lyft Inc. on recruiting the ride-hailing company’s drivers to deliver packages and groceries as the pandemic keeps people indoors.

Lizette Chapman | Bloomberg News
March 27, 2020
Business, Technology

Lyft to Cut 2% of Staff in Pursuit of a Profit Next Year

Signage is displayed during the Lyft IPO at the company's service center in Los Angeles in March 2019. Signage is displayed during the Lyft IPO at the company's service center in Los Angeles in March 2019. (Kyle Grillot/Bloomberg News)

Lyft Inc. will eliminate about 90 jobs as the unprofitable ride-booking company seeks to deliver on a promise to stop losing money by the end of next year.

Lizette Chapman | Bloomberg News
January 29, 2020
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

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