lyft
Uber, Lyft hold off suspending services in California after court stay on adding drivers to rolls
A judge had originally given Uber and Lyft until Friday to comply with a labour law on the matter, which went into effect this year.
Uber reports massive losses, to lay off 3,700 employees
Uber recorded $3.54 billion in total revenue for the first three months of the year, but still posted a $2.9 billion loss in the period
Uber, Lyft suspend shared rides in US, Canada, but not yet in India
Pooled rides show up on the Uber and Ola apps in India even now
Uber loses USD 5 billion, misses Wall Street targets despite easing price war
The company’s core business, ride-hailing, grew revenue only 2 per cent to USD 2.3 billion.
Lyft files lawsuit to block San Francisco from allowing other bike sharing companies
The lawsuit is asking for a temporary restraining order against the city and county of San Francisco.
Uber unveils IPO terms that are well below expectations
The lower valuation reflects the poor stock performance of smaller rival Lyft Inc following its IPO last month.
Pinterest valued at USD 12.7 billion in IPO, sign of tech demand after Lyft struggles
A key difference between Pinterest and Lyft however were their valuation expectations.
Braking issues: Lyft pulls electric bikes in three US cities
The company already operates about 17,000 traditional bikes in those cities.
Uber reveals strong growth, huge losses ahead of IPO
Uber racked up nearly USD 8 billion in losses over its 10 years in existence.
Lyft's stock slide casts long shadow on Uber's IPO
Lyft’s poor stock performance bodes ill for these IPOs, especially for companies like Uber with no profits to show.