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.
21 Aug 2020 6:23 PM
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
08 May 2020 11:25 AM
Pooled rides show up on the Uber and Ola apps in India even now
18 Mar 2020 5:56 PM
The company’s core business, ride-hailing, grew revenue only 2 per cent to USD 2.3 billion.
09 Aug 2019 9:27 AM
The lawsuit is asking for a temporary restraining order against the city and county of San Francisco.
10 Jun 2019 10:15 AM
The lower valuation reflects the poor stock performance of smaller rival Lyft Inc following its IPO last month.
28 Apr 2019 1:05 PM
A key difference between Pinterest and Lyft however were their valuation expectations.
18 Apr 2019 4:18 PM
The company already operates about 17,000 traditional bikes in those cities.
15 Apr 2019 8:29 AM
Uber racked up nearly USD 8 billion in losses over its 10 years in existence.
14 Apr 2019 2:58 PM
Lyft’s poor stock performance bodes ill for these IPOs, especially for companies like Uber with no profits to show.
12 Apr 2019 1:31 PM
Uber released financial data earlier this year showing it lost USD 865 million in the fourth quarter of 2018.
11 Apr 2019 10:13 AM
The number of active Lyft riders has surged fivefold to 18.6 million in the fourth quarter of 2018.
07 Apr 2019 1:15 PM
Both companies hope to push people away from car ownership and promote shared and sustainable transportation services.
03 Apr 2019 12:58 PM
Shares of the money-losing San Francisco company fell as much as 4.2 percent to USD 66.10.
03 Apr 2019 12:48 PM
Analysts blamed the 12 percent slump on lingering questions about how loss-making Lyft will become profitable.
02 Apr 2019 1:08 PM
Lyft’s IPO, which is the year’s biggest thus far, sets the stage for other Silicon Valley unicorns seeking to debut in the stock market.
31 Mar 2019 1:00 PM
Lyft started its IPO investor road show earlier this month with a target range of USD 62-USD 68 per share.
29 Mar 2019 10:09 AM
With the revision disclosed Wednesday, Lyft is now seeking USD 70 to USD 72 per share, up from its previous goal of USD 62 to USD 68.
28 Mar 2019 11:26 AM
Lyft will meet with investors across the United States before pricing the IPO and listing on the Nasdaq at the end of the month.
18 Mar 2019 10:44 AM
Lyft launched its self-driving service in January in Las Vegas, where passengers can take a ride in an autonomous BMW.
21 Aug 2018 7:43 PM