Lyft Stock News

Lyft is suing the city of San Francisco, claiming the city unfairly charged the ride-hailing company over $100 million in taxes, Bloomberg reports. The lawsuit alleges that, over the course of five years, San Francisco unfairly labeled money earned by Lyft drivers as company revenue.

Jack Welch, the longtime CEO of General Electric in the late 20th century, preferred to target the No. 1 and No. 2 companies in an industry when seeking to buy businesses.

Lyft sued San Francisco, saying it was unfairly charged $100 million in taxes from 2019 to 2023. Lyft argues the city's tax formula unfairly includes passenger payments as revenue.

Lyft (LYFT 1.46%) is the #2 ride-sharing company in the U.S., but it has a chance to emerge as an industry leader in autonomous driving. Travis Hoium explains why the company's business model could be built for autonomy in this video.

I'm upgrading Lyft from sell to buy as I don't see any bad news weighing stock price down and see potential green shoots on the horizon. I'm watching Lyft's strides in partnerships, focusing on DoorDash and new teasers on its work in AV, which I expect to support outperformance in 2025. My core optimism on Lyft is management's focus on customer satisfaction, which I expect will allow them to gr...

Lyft's Q3 2024 financials show 32% revenue growth and $242.8 million in positive free cash flow, indicating strong underlying profitability despite minimal GAAP profits. Management's 2027 targets include 15% annual gross bookings growth and a 4% Adjusted EBITDA margin, potentially generating nearly $1 billion in FCF; $1.8 billion in FCF for upside case. Autonomous vehicles are unlikely to disru...

The S&P 500 looks expensive, and we expect finding uncorrelated return streams should be important in 2025. Buying UBER and shorting LYFT could be a good way to expose yourself to a great company while hedging out market risk. LYFT's shares appear cheap, but UBER's dominant market position makes it the clear 'Buy' out of the two.

Lyft, Inc. (NASDAQ:LYFT ) Barclays 22nd Annual Global Technology Conference December 11, 2024 2:35 PM ET Company Participants Erin Brewer - Chief Financial Officer Conference Call Participants Ross Sandler - Barclays Ross Sandler We are going to get started as people roll in here. Welcome everybody.