Lyft reports Q4 revenue up 3% YoY to $1.59B, below $1.76B est., forecasts Q1 adjusted EBITDA below est., and announces a $1B share buyback; LYFT drops 13%+
Lyft (LYFT.O) forecast first-quarter adjusted core profit below expectations on Tuesday as severe U.S. winter storms weigh on demand …
Lyft acquires Hamburg-based taxi app FreeNow from BMW and Mercedes-Benz for €175M and says the combined operations will serve 50M+ riders annually
Tim Bradshaw / Financial Times :
Lyft co-founders Logan Green and John Zimmer plan to step down as CEO on April 17 and president on June 30; ex-Amazon executive David Risher is set to be CEO
- Lyft's cofounders, Logan Green and John Zimmer, will step back from their day-to-day roles as CEO and president, respectively.
Lyft and Uber say they will cover legal fees for drivers who are sued under Texas' new abortion law for transporting women to abortion clinics
- Lyft and Uber said Friday they would cover legal fees for drivers on their respective platforms who are sued under Texas' restrictive abortion law that went into effect this week...
Lyft and Uber say they will cover legal fees for drivers who are sued under Texas' new abortion law for transporting women to abortion clinics
- Lyft and Uber said Friday they would cover legal fees for drivers on their respective platforms who are sued under Texas' restrictive abortion law that went into effect this week...
Lyft says it now requires drivers and riders to confirm they are free of COVID-19 symptoms and to wear face masks or coverings during rides
Megan Rose Dickey / TechCrunch :
Lyft says it now requires drivers and riders to confirm they are free of COVID-19 symptoms and to wear face masks or coverings during rides
Megan Rose Dickey / TechCrunch :
After criticism, Lyft hopes to improve rider safety by mandating driver education and adding a new notification system for potentially dangerous off-track rides
and sharing additional initiatives toward our goal of making Lyft the safest form of transportation for everyone. Learn more: https://blog.lyft.com/... https://twitter.com/... Faiz...