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The Latest Breaking News from Lyft

Investors Wanted Uber To Be Profitable - It's Close, And Lyft Is Along For The Ride

Back in May, ride-sharing giant Uber Technologies Inc. (NYSE: UBER) delivered its first-quarter 2022 earnings report.

Benzinga

Homeless and hoarding in LA: The special struggles and anxieties of unhoused people

LOS ANGELES — In his dim motel room, flies and dust swirled through a slanted blade of sunlight. A shoulder-high heap of boxes, trash bags, electronics and clothes prevented him from opening the curtains.

Los Angeles Times

Ride-sharing apps rise in Venezuela as public transit decays

Ride-sharing apps like Uber, DiDi and Lyft may have driven across much of the globe, but they haven’t yet rolled into Venezuela

The Independent UK

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Man struck and killed on highway after Lyft driver kicked him and friends out of car

Driver kicks out six passengers after disagreement, leading to one of them being run over

The Independent UK

Truckers are holding the Oakland port captive. Can Newsom end the standoff?

The Port of Oakland has been brought to a grinding halt this week as hundreds of protesting truckers hold a key commerce hub captive. The action — following a similar one at Southern California ports last week — has dealt another blow to supply chains already reeling from pandemic delays.

Tribune News Service

Google, Lyft are latest tech companies to hit brakes on hiring

With recession fears mounting — and inflation, the war in Ukraine and the lingering pandemic taking a toll — many tech companies are rethinking their staffing needs, with some of them instituting hiring freezes, rescinding offers and even starting layoffs.

Tribune News Service

Lightfoot proposes temporary fuel surcharge on taxi fares

The surcharge would start at $1 for fares up to $20, then go to $2 for fares up to $40 and to $3 for tabs over $40. The Business and Consumer Affairs would be empowered to terminate the surcharge whenever gasoline prices fall below $5 a gallon.

Chicago Sun-Times

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U.S. House approves Rep. Lizzie Fletcher’s bill to protect the right to seek an abortion out of state

The bill would also shield the rights of any person or group helping someone get an abortion out of state.

The Texas Tribune

Both Uber and Lyft Have High Volume, but Which Stock Is a Better Bet?

Pent-up demand for ride-sharing services has helped Uber (UBER) and Lyft (LYFT) register solid revenue and booking figures in the last quarter. Both have high trading volumes. Let’s discuss which stock is a better buy now….

StockNews.com

Better Tips For Uber Drivers, Consider Getting A Tesla

Ride-share drivers are turning to renting or buying electric vehicles. The move, which was being done to help combat high prices for gas at the pump, is turning into higher tips for some drivers as well.

Benzinga

Hiring Slowdown Should Make Lyft Stock Holders Jittery

LYFT (LYFT) stock won't get much of a lift as harsh macro-level conditions persist. The stock has been in free fall for over a year, and it's hard to be optimistic unless Lyft can somehow attract price-sensitive customers.

StockNews.com

Where Lyft Stands With Analysts

Within the last quarter, Lyft (NASDAQ:LYFT) has observed the following analyst ratings:

Benzinga

Surging Gas Prices Make Tesla An Attractive Option For Some Uber, Lyft Drivers - Read How

Some Uber Technologies, Inc (NYSE: UBER) and Lyft, Inc (NASDAQ: LYFT) drivers found renting or buying a Tesla, Inc (NASDAQ:

Benzinga

Anti-choice right gloats, and dreams big

On social media, far right dunks extensively, promises national abortion ban and "thousand-year White Boy Summer"

Salon

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Los Angeles Times

How a Lyft driver became the unwitting getaway driver in Nipsey Hussle's slaying

LOS ANGELES — Bryannita Nicholson had no idea Nipsey Hussle had been shot — even as she drove the man who killed the beloved L.A. rapper away from the crime scene.

Benzinga

Uber, Lyft Drivers File Antitrust Case Against Ride Hailing Companies

A group of Uber Technologies, Inc (NYSE:UBER) and Lyft, Inc (NASDAQ:LYFT) drivers slapped an antitrust lawsuit on the companies for unfairly controlling passenger fares. The drivers claimed that lower consumer fares would provide them with "the most competitive compensation." The suit adds that companies hurt driver earnings by charging higher fares to the customers. The lawsuit…

Los Angeles Times

Michael Hiltzik: Uber, Lyft's attempt to gut labor law for their own benefit hits a roadblock in Massachusetts

Following their successful effort to gull California voters into endorsing their method of exploiting their drivers and field workers, Uber, Lyft and other gig companies expanded their campaign to gut labor protections into other states.

Ballotpedia

Massachusetts Supreme Court disqualifies app-based drivers initiative from November ballot

On June 14, the Massachusetts Supreme Court issued a ruling disqualifying the app-based drivers initiative backed by Lyft, Instacart, DoorDash, and Uber, from the November ballot.

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Benzinga

Analyst Ratings for Lyft

Analysts have provided the following ratings for Lyft (NASDAQ:LYFT) within the last quarter:

Tribune News Service

2 charged with robbing, carjacking Uber and Lyft drivers during Twin Cities spree

MINNEAPOLIS — Two men lured numerous Uber and Lyft drivers to pick them up and then robbed them in a violent spree that lasted more than five weeks across the Twin Cities, according to federal charges.

Benzinga

Broadcom, Palo Alto, Lyft And This Stock Will Be Featured On 'Mad Money' Tonight

Jim Cramer is set to conduct interviews with executives from a handful of popular companies Tuesday night on CNBC's "Mad Money."

Benzinga

Alphabet Owned Waymo Collaborates With Uber Freight - Read Why

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) self-driving trucking unit Waymo Via, and Uber Technologies, Inc's (NYSE:UBER) Freight business collaborated for the efficient deployment of autonomous trucks. The financial terms of the transaction remain undisclosed. Now Waymo customers can use Uber Freight to plan their automated and human-driven trucking fleets more efficiently. Also Read: Lyft Pauses Hiring, Budgets To…

The Conversation

Therapy on the go: Mildly depressed or simply stressed, people are tapping apps for mental health care

It might be surprising to think about browsing for therapists and ordering up mental health care the way you can peruse a menu on Grubhub or summon a car on Lyft.

StockNews.com

Stocks to Avoid: 3 Popular Companies That Recently Initiated Cost-Cutting Measures

Technology stocks have suffered a massive sell-off this year on investor concerns about the Federal Reserve's aggressive interest rate increases to fight record-high inflation, ongoing geopolitical crises, and a potential economic slowdown. Several hard-hit tech companies have initiated cost-cutting measures of late. Thus, it could be wise to now avoid…

Benzinga

Lyft Pauses Hiring, Budgets To Beat Slowdown Following Uber's Footsteps

Lyft, Inc (NASDAQ:LYFT) looks to slow hiring, reducing some of its departments' budgets and granting new stock options to some employees to make up for its share price fall, the Wall Street Journal reports. Lyft joined rival Uber Technologies, Inc (NYSE:UBER) in outlining cuts as investor optimism cooled on tech stocks. Lyft looked to prioritize fewer…

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