Lyft Stock News

Rideshare giant Lyft launched a feature to curb surge pricing for commuters. Both Lyft and Uber are aiming to boost driver supply to lower surge pricing.

Despite a 29.4% drop in shares, Lyft's consistent growth and push toward profitability justify maintaining a 'buy' rating. Lyft's Q2 2024 revenue surged by 40.6%, driven by a 15.4% increase in rides and a 10.2% rise in active riders. The company achieved profitability for the first time, with significant improvements in operating cash flow and EBITDA.

Shares of Lyft have been pressured by mixed financial trends and industry uncertainties. The company's second-quarter earnings were highlighted by record-operating metrics.

Lyft's stock is now selling at a much lower price than at its IPO. You would have lost money by investing in the stock three years ago.

Lyft has debuted a new feature designed to help commuters stay within budget. “To make your day more predictable, we're launching price lock, a new subscription that caps the price of your regular commute,” Audrey Liu, executive vice president of rider experience at Lyft, said on the company's blog Wednesday (Sept.

Shares of ride-hailing platform  Lyft Inc (NASDAQ:LYFT) are 1% higher at $11.47 at last glance, as they look to log their third win in four sessions.

Lyft Inc (NASDAQ:LYFT) has announced it will be laying off staff and it will be making changes to its bikes and scooters offering as part of a restructuring plan aimed at cutting costs. The San Fransisco-based ride-share platform said it will lay off 1% of its nearly 3,000 employees as of the end of 2023 and will incur about $34 million to $46 million in charges largely related to asset disposa...

Lyft (LYFT) will cut some jobs and restructure its bike and scooter rental service as part of a broader effort to "align strategic priorities and to reduce operating costs" after reporting its first-ever profitable quarter last month.