News

Lyft Posts Second-Quarter Profit Beat With Rides Hitting Record

Lyft Inc. posted profit in the second quarter that far exceeded Wall Street’s expectations, signaling that the ride-hailing ...

Lyft shares tumble more than 8% on Q2 results

CNBC's MacKenzie Sigalos joins 'Closing Bell Overtime' with Lyft's Q2 results. Fake nurse in Florida is arrested and accused ...

Airbnb and Lyft shares drop after hours on cautious outlook, competitive pressure

CNBC's MacKenzie Sigalos reports on Airbnb’s post-earnings reversal despite a Q2 beat, and Lyft’s drop after missing revenue ...

Lyft's revenue miss clouds upbeat bookings forecast on European expansion

Lyft's quarterly revenue miss overshadowed an upbeat gross bookings forecast for the September-quarter on Wednesday, as the ...

Lyft misses quarterly revenue estimates on competition, weak US travel demand

Lyft missed second-quarter revenue estimates on Wednesday, weighed down by intensifying competition with Uber and weakening U ...

Should Lyft and Uber Charge More if Your Battery Is Low? California May Soon Ban That

Lawmakers want to ban companies from using data about consumers’ devices like battery life, model and geolocation to set ...

Uber’s ride results disappoint even as bookings top estimates

Uber Technologies Inc.’s rideshare division missed Wall Street estimates, disappointing investors who were looking for signs ...

Uber rally loses steam even as gross bookings top expectations

Uber Technologies Inc.’s upbeat forecast and better-than-expected quarterly gross bookings failed to boost the rideshare and ...

Palantir CEO Alex Karp calls a job at his company 'by far the best credential in tech.' We asked recruiters if they agree.

CEO Alex Karp says having Palantir on your résumé means "everyone knows you're good." Recruiters have mixed opinions on the ...

Lyft: Buy The Dip As The Company Concentrates On Market Share Recovery

Lyft's discounted valuation, strong bookings, and strategic growth position it as a strong buy. Read here for an investment ...

Lyft shares struggle to keep up with Uber following mixed results. ‘Comparison is the thief of joy,’ analyst says.

Ride-hailing platform Lyft Inc. on Wednesday forecast key demand metrics that were better than Wall Street expected, but ...

Lyft Partnerships and European Expansion Increases the Addressable Market, but Uber Remains Dominant

In terms of research and development, Uber and Lyft have pulled back from capital-intensive autonomous technology. While this has boosted near-term profitability, it also introduces some uncertainty ...