Lyft forecast current-quarter core earnings above analysts' estimates and reported better-than-expected third-quarter revenue on Wednesday, helped by workers returning to office and a higher number of
The current state of the United States economy is unique due to its continuing recovery from the significant disruptions of the COVID-19 pandemic. As businesses grapple with a more challenging environ
CNBC's Deirdre Bosa reports on the latest news from Uber, Lyft, and more ahead of earnings reports.
Lyft's price cuts may have helped the ride-hailing firm make a small dent in Uber's U.S. market share, but not enough to prevent the bigger rival from reporting its second quarterly operating profit.

Lyft: 30% Market Share, 3% Market Cap

02:58am, Monday, 06'th Nov 2023
Lyft has lost its ground to Uber in recent years, as Uber expanded more aggressively, making it the market leader in ride-hailing. The Company's market share in the ridesharing industry remains strong
Uber and Lyft have agreed to pay drivers in New York a combined $328 million to settle wage-theft complaints. The settlement is the result of state attorney general Letitia James' investigation into w
Uber and Lyft will pay $328 million to settle a New York probe alleging that the companies "cheated" drivers, in an accord that also establishes paid sick leave, state officials announced Thursday.
Uber and Lyft will pay $328 million to settle accusations from New York's attorney general that the ride-sharing giants were “stealing earnings” from thousands of Big Apple drivers for years.
Drivers celebrate ‘historic victory' as companies agree to settlement after being accused of withholding wages and benefits
Uber and Lyft will pay a combined settlement of $328 million after multi-year investigations into their practices by the New York State Attorney General. The investigations found that the companies wi
Uber and Lyft drivers in New York will now be guaranteed paid sick leave under the settlement.
In addition to a financial settlement, Uber and Lyft agreed to ongoing changes in how they pay drivers and offer benefits in New York state
The ride-hailing company is scheduled to post fiscal third-quarter earnings on Nov. 8.
Lyft (NASDAQ: LYFT ) stock is on the move Tuesday as investors react to a new rating for the ride-sharing company's shares. MoffettNathanson analyst Michael Morton is behind today's news as he downgra
Nearly four years ago, Lyft Inc. stopped reporting certain metrics like gross bookings and rides — a move that MoffettNathanson analyst Michael Morton said created a “foggy windshield” for inves
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