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Jack Daleo Tuesday, September 21, 2021

Uber eyes positive Q3 EBITDA, shares close up 11.5%

In some big news for the rideshare giant, Uber on Tuesday revised its Q3 2021 outlook and now expects earnings before interest, taxes, depreciation and amortization to be positive as early as this quarter. Shares of the company’s stock ended the day up about 11.5% on the news. In an SEC filing, Uber (NYSE: UBER) […]

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Joanna Marsh Wednesday, May 8, 2019

Lyft eyes broader stake in consumer transportation market

The partnership between ride-sharing company Lyft (NYSE: LYFT) and Google-affiliated, self-driving car technology company Waymo is just one initiative in Lyft’s strategy to stake a claim in the emerging market for on-demand consumer transportation services, company officials said on May 7. Lyft confirmed Waymo’s announcement that Waymo will use Lyft’s platform to deploy 10 self-driving […]

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Joanna Marsh Tuesday, May 7, 2019

Lyft’s net loss widens in the first quarter

Ride-hailing company Lyft (NYSE: LYFT) reported a first quarter 2019 net loss of $1.14 billion, or a net loss of $48.53 per share, the company said on May 7. In comparison, Lyft said it had a net loss of $234.3 million, or a net loss of $11.69 per share, in the first quarter of 2018. […]

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