LYFT

Lyft Inc. is considering taking on a partner or selling its bike and scooter business in an effort by the new chief executive officer to focus the ride-sharing company’s efforts on its core business.The company said it has received strong…

Uber Technologies said on Wednesday it was cutting 200 jobs in its recruitment division amid plans to keep the staff count flat through the year and streamline costs.The reductions affect less than 1 percent of…

Three mornings a week, Herminia Ibarra makes her way to a fleet of sparkling electric vehicles lined up in a dusty alley alongside a former diesel repair shop. Of the five Chevy Bolts, three Tesla Ys, two Volkswagen e-Golfs and a BMW i3,…

Ride-hailing company Lyft Inc on Tuesday appointed Erin Brewer as its new Chief Financial Officer (CFO). She will replace Elaine Paul, who has served as Lyft's CFO since January 2022.Paul's departure is set for May 19, while Brewer is…

Lyft Inc shares tumbled about 19% on Friday as the ride-hailing company's strategy to claw back market share from rival Uber with lower fares stoked concerns of a hit to its profit margins.At least 16 analysts slashed their price targets on…

Last Updated: May 06, 2023, 02:07 ISTWall Street stocks rallied Friday, snapping a four-day losing streak after strong US jobs data and a rebound in regional banking shares.The Dow Jones Industrial Average advanced 1.7 percent to…

A Lyft ride-hailing vehicle is parked near Empower Field at Mile High in Denver on April 30, 2020. Credit: AP Photo/David Zalubowski, File…

Since the pandemic began, Lyft employees have been able to work remotely, logging in to videoconferences from their homes and dispersing across the country like many other tech workers. Last year, the company made that policy official,…

Since the pandemic began, Lyft employees have been able to work remotely, logging into videoconferences from their homes and dispersing across the country like many other tech workers. Last year, the company made that policy official,…

Ride-hailing firm Lyft Inc said it will lay off about 1,072 employees, or 26% of its workforce, in one of the first steps by the new Chief Executive David Risher, sending its shares up by about 1% on Thursday.Risher, who took over earlier…