lyft News Updates

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

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.

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.

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?

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.

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

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.

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.”

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.

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.