Lyft Stock News

Lyft disclosed Wednesday a restructuring of its bikes and scooters operation, which will lead to some job cuts and a charge of up to $46 million.

Ride-sharing platform Lyft said on Wednesday it will dispose some assets related to bikes and scooters and lay off 1% of its employees.

In the summer of 2023, Lyft was contemplating the sale of its micromobility business after receiving strong interest from prospective buyers. Today, the ride-hail company is doubling down on its docked scooter and bikeshare operations, positioning itself as the ideal partner for cities looking to enhance their urban transportation networks.

Rideshare operator Lyft Inc. NASDAQ: LYFT finally made good on its path to profitability, scoring its first-ever GAAP profitable quarter. Unfortunately, the good news was overshadowed by its soft forward guidance, which sent shares tumbling 17% following its second-quarter 2024 earnings release.

SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT) announced today that David Risher, Chief Executive Officer, and Erin Brewer, Chief Financial Officer, will participate in a fireside chat at the Goldman Sachs Communacopia & Technology Conference on Tuesday, September 10, 2024 in San Francisco, CA at 10:50 a.m. Pacific Time. A live webcast of the event will be available on the investor r...

Lyft expanded its offerings with earned wage access for drivers and a new service for pet owners. The earned wage access offering is one of several new features for the Lyft Direct debit card and banking app designed for drivers and powered by Payfare, the two companies said in a Tuesday (Aug. 27) press release.

In an effort to improve its security measures, Lyft announced Tuesday a new rider verification pilot program to help drivers verify riders' identities and ensure that they are indeed who they say they are.

Nomura upgraded Lyft stock from reduce to neutral. The company's operational improvements and cost-cutting efforts are paying off.