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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.
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.
Good news if you want to hail a bike in Klang Valley.
Sin City is the ride-hailing app's second market to see public transportation options after it launched Denver in 2019.
However, only riders of the same sex can ride together, and less than 50 of the 700 approved riders currently are female.
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.
Shares of the company fell as much as 6% in after-hours trading on Monday after third-quarter earnings disappointed Wall Street investors.
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.
New research published by the National Bureau of Economic Research found only 16% of Uber rides are tipped, codifying a common complaint of drivers.