Industry Keyword: Lyft

Uber is testing a new driver earnings algorithm in 24 US cities that allows drivers to see pay and destinations before accepting a trip and raises the incentives for drivers to take short rides...

Uber laid out a $5 billion operating profit for 2024 that fell short of analyst estimates, sending its shares down 4% on Thursday, even as the ride-hailing company revealed several strategies to boost ridership...

Ride hailing firm Lyft Inc has named Amazon.com Inc's executive Elaine Paul as its new CFO, replacing Brian Roberts who is stepping down after seven years in the role. Paul will take up the new...

Uber Technologies Inc has said it was resuming shared rides, which were scrapped during the pandemic, detailing a revamped offer aimed at reducing the previously high losses in the pooled rides segment. Uber said the...

Uber has reported its first profitable quarter on an adjusted basis since it launched more than a decade ago with its two most important segments, ride-hailing and restaurant delivery, both turning the corner. Company executives...

Lyft Inc shares soared more than 13% in extended trading after the company reported an adjusted profit for the third quarter and outlined a path to sustained profitability on the back of drastic cost...

Uber could post its first profit on an adjusted basis for the current quarter, reaching the elusive milestone sooner than expected as online food ordering surges and ride bookings recover from pandemic lows. Shares of...

Uber Technologies Inc has proposed a plan for a flexible benefits fund for app-based ride-hail and food delivery drivers in Canada under which all gig industry players would share data on workers' hours and...

A return to business as usual for Uber Technologies Inc and its rival Lyft Inc has thrown up a new challenge to the ride-hailing firms looking for profitability - spend more to bring back...

Uber Technologies Inc reported widening losses as it spent more to entice drivers to return to its platform, sending shares of the ride-hail and food delivery company down in after-hours trade. Investors sold the shares...

Lyft Inc has posted an adjusted quarterly profit three months ahead of target, seizing on a leaner cost structure as rides rebounded, but it warned of ongoing driver shortages and the spread of the...

Self-driving start-up Argo AI, carmaker Ford Motor Co and ride-hail company Lyft Inc have said they partnered to offer robotaxi trips to Lyft customers in Miami and Austin. The service is expected to launch in...