Lyft Inc is a transportation network company that operates a popular ride-hailing platform, connecting passengers with drivers through its mobile app. The company provides a convenient and cost-effective way for individuals to request rides in real-time, offering a variety of transportation options to suit different needs. In addition to its core ride-hailing services, Lyft also focuses on sustainable transportation solutions, including bike and scooter rentals, and has made efforts to expand its offerings to include partnerships in autonomous vehicle technology and public transportation initiatives. Lyft aims to enhance urban mobility while promoting a more environmentally friendly approach to transportation. Read More
Palantir Technologies Inc. remains a stock to hold for the long term despite recent market volatility, with the potential to reach a $1 trillion valuation, according to Will McGough, director of investments at Prime Capital Financial.
Lyft Inc. CEO David Risher's leadership strategy, shaped by his decade working under tech titans Bill Gates and Jeff Bezos, has propelled the ride-sharing company to record performance in 2024.
Shares of ride sharing service Lyft (NASDAQ: LYFT)
jumped 27.4% in the afternoon session after the company reported strong first quarter 2025 results which significantly beat analysts' EPS and EBITDA expectations. Rides climbed 16% and the number of riders grew 11%, both setting new highs.
Engine Capital LP (together with its affiliates, “Engine” or “we”) today announced that it is withdrawing its nomination of candidates for election to Lyft, Inc.’s (NASDAQ: LYFT) (“Lyft” or the “Company”) Board of Directors (the “Board”) at the 2025 Annual Meeting of Shareholders following its engagement with the Company.
The company said weekly purchase applications declined by double-digit percentage points throughout April, which the industry hadn’t witnessed since the financial crisis of 2008.
The ride-hailing firm would utilize $500 million of this authorization within the next 12 months, with $200 million to be used in the next three months.
Ride sharing service Lyft (NASDAQ: LYFT) missed Wall Street’s revenue expectations in Q1 CY2025, but sales rose 13.5% year on year to $1.45 billion. Its GAAP profit of $0.01 per share was $0.03 above analysts’ consensus estimates.
