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Lyft’s fourth quarter topped Wall Street’s expectations, but no update on its path to profitability left investors unenthused

Lyft's results come a week after Uber said it would turn a profit this year, much sooner than previously anticipated.
Uber CEO Dara Khosrowshahi speaks onstage at Day 1 of the Vanity Fair New Establishment Summit 2018 at The Wallis Annenberg Center for the Performing Arts on October 9, 2018 in Beverly Hills, California.

Uber says it will be profitable sooner than expected as it tops Wall Street expectations

With the better-than-expected results, Uber's stock could trade above its IPO price for the first time in more than eight months since going public.

Grab is hot on Dego Ride’s trail as it begins piloting GrabBike in Malaysia’s Klang Valley

Good news if you want to hail a bike in Klang Valley.
Bus tickets are now available on the Uber app in Las Vegas

Uber has expanded public transit options to Las Vegas

Sin City is the ride-hailing app's second market to see public transportation options after it launched Denver in 2019.

After 3 long years, Malaysia’s first e-hailing bike service is back on the road with 700 riders

However, only riders of the same sex can ride together, and less than 50 of the 700 approved riders currently are female.
Lyft CEO Logan Green.

Lyft slammed with a new lawsuit by 20 more sexual-assault victims who say the company is not doing enough to keep riders safe

The new victims say they were attacked by Lyft drivers since September, when the company laid out new safety plans and a features for its app.
Uber CEO Dara Khosrowshahi

Uber losses keep growing as the ride-hailing giant scrambles to get its finances in order

Shares of the company fell as much as 6% in after-hours trading on Monday after third-quarter earnings disappointed Wall Street investors.
Lyft CEO Logan Green

Lyft lost less money than Wall Street expected in the third-quarter as the company keeps adding new riders

The company said last week that it expects to turn a profit a full year ahead of when Wall Street analysts had expected it to.

Uber is launching ‘Uber Money,’ a financial services team that could help it save money and pay drivers more quickly

The ride-hailing company wants to eventually offer bank accounts to drivers, and possibly even riders.
Drivers have been expected to meet minimum ratings to keep working on the platform. Now, riders will be expected to do the same.

Only 1% of passengers always tip their Uber drivers, a new study of 40 million rides found

New research published by the National Bureau of Economic Research found only 16% of Uber rides are tipped, codifying a common complaint of drivers.