lyft

The Rise of Robotaxis will Shape the Global Ride Hailing Market

AI, Automotive, Investing News, Market News, Technology, The Market Buzz

The transportation industry has seen significant changes in recent years with the rise of ride-hailing services like Uber Technologies, Inc. (NYSE: UBER), Lyft Inc. (NASDAQ: LYFT), and DiDi Global Inc. (OTC: DIDIY). These services have disrupted the traditional taxi industry and have become a popular alternative for people looking for convenient and affordable transportation options. …

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Lyft Shares Tumble Following Mixed Q3 Earnings

Automotive, Investing News, Life Style, Market News, Technology, The Market Buzz, Your Environment

Lyft (NASDAQ: LYFT) shares fell over 19% Tuesday morning, after reporting mixed third-quarter earnings the previous day. Additionally, active riders also missed analysts’ estimates. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”LYFT” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” assets=”LYFT” range=”1mo” interval=”1d” axes=”true” cursor=”true” api=”yf” style=”width: 100%; height: 300px;”] The ride-hailing company reported earnings of USD0.10 per share, compared to …

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Lyft to Lay off 700 Employees

Automotive, Investing News, Life Style, Market News, Technology, The Market Buzz, Travel, Your Environment

Lyft Inc. (NASDAQ: LYFT) announced that it will lay off 13% of its staff, or almost 700 employees, as it restructures staffing, consider rising inflation, and braces for a recession. The company sent a memo to staffers on Thursday, saying the layoffs would impact every part of the company. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”LYFT” api=”yf”] …

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The Routing Company Launches On-Demand Ride-Hailing Public Transit

Automotive, Investing News, Life Style, Market News, Technology, The Market Buzz, Your Environment

The routing company, an on-demand vehicle routing management platform, is set to release apps that will bring on-demand ride-hailing to public transit. CEO James Cox, former head of product operations at Uber, is leading the company that has developed software to recognize where riders want to be picked up and how to organize them into …

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Lyft and Uber Implement Fuel Surcharges as Gas Prices Rise Nationwide

Automotive, Investing News, Life Style, Market News, Technology, The Market Buzz, Your Environment

Both Lyft (NASDAQ: LYFT) and Uber (NYSE: UBER) have opted to add temporary fuel surcharges to rides and deliveries as fuel prices nationwide skyrocket. The change comes as drivers, which are independent workers, are solely responsible for maintaining their vehicles, including gas. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”LYFT” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” assets=”LYFT” range=”1mo” interval=”1d” …

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