Tag: Lyft

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Lyft shares fall 30% as it struggles to attract drivers

Placeholder while loading article actions The Silicon Valley ride-hailing giants saw their shares tumble on Wednesday despite strong revenue growth, as Lyft’s ridership trajectory weighed on investors. Its stock fell nearly 30%, dragging Uber lower along the way. Lyft posted revenue of $875.6 million in the first quarter, an increase of 44% over the same…
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Uber’s revenue doubles, but stocks fall after Lyft warns of higher ride costs

UberTechnologies Inc. UBER -4.65% revenue more than doubled in the last quarter as demand for rides rebounded from the slowdown caused by the Covid-19 outbreak late last year and the company’s food delivery increased despite the reopening of restaurants. Uber issued a bullish outlook for the current quarter, but its shares fell about 5% on…
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Uber’s revenue doubles, but stocks fall after Lyft warns of higher ride costs

UberTechnologies Inc. UBER -4.65% revenue more than doubled in the last quarter as demand for rides rebounded from the slowdown caused by the Covid-19 outbreak late last year and the company’s food delivery increased despite the reopening of restaurants. Uber issued a bullish outlook for the current quarter, but its shares fell about 5% on…
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Uber on Wall Street: We’re not Lyft

A screen displays the Uber Technologies Inc company logo at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid/File Photo/File Photo Join now for FREE unlimited access to Reuters.com Register May 4 (Reuters) – Uber Technologies Inc (UBER.N) said on Wednesday it did not need to increase incentives further…
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