[embedded content] Here’s a test. You’re in Seattle, trying to get to a destination that isn’t easily reached by public transit. What mode of transportation do you turn to? For many people, the answer is Uber and Lyft. While these services are filling in gaps left by public transportation, they come with drawbacks. Ride-hailing apps… Continue reading Seattle transportation officials experiment with ride-hailing to fill transit gaps
Tag: Lyft
Lyft Announces Record Second Quarter Results
Second quarter revenue grew to $867 million, up 72% year-over-yearBased on execution and improving market environment, raising outlook for fiscal 2019 SAN FRANCISCO, Aug. 07, 2019 (GLOBE NEWSWIRE) — Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its second quarter ended June 30, 2019. “Lyft’s second quarter was marked by strong execution and important advances… Continue reading Lyft Announces Record Second Quarter Results
Lyft Announces Record First Quarter Results
First quarter revenue grew to $776 million, up 95% year-over-yearActive Riders grew to over 20.5 million in the quarter SAN FRANCISCO, May 07, 2019 (GLOBE NEWSWIRE) — Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its first quarter ended March 31, 2019. “The first quarter was a strong start to an important year, our first… Continue reading Lyft Announces Record First Quarter Results
Uber lost more than $5B last quarter
Uber has disclosed earnings for the second time since becoming a public company, reporting revenues of $3.16 billion on losses of $5.2 billion for the second quarter of 2019. Uber (NYSE: UBER) closed up more than 9% Thursday at $42.98 per share, just below its $45 IPO price, but took a nose dive of more… Continue reading Uber lost more than $5B last quarter
US government quietly kills autonomous vehicle committee
Sponsored Links AkaratPhasura via Getty Images The Department of Transportation’s Advisory Committee on Automation in Transportation (ACAT) hasn’t been active since it was formed in 2017. And it won’t be active anytime in the future, because according to The Verge, the administration has quietly killed it without even telling its members. Under President Obama, the… Continue reading US government quietly kills autonomous vehicle committee
Skip scooters are returning to Washington, D.C. after battery fires
Following battery issues and a single-alarm fire caused by improperly disposed of batteries in Washington, D.C., Skip has been given the green light to resume operations in Washington, D.C. and the surrounding areas of Alexandria and Arlington. The plan is to redeploy the scooters in the coming weeks. In June, a battery on one of… Continue reading Skip scooters are returning to Washington, D.C. after battery fires
Uber shares tumble as profit figures disappoint
Uber’s shares went into reverse on Thursday after the taxi-hailing company unveiled profit figures that failed to live up to expectations. Revenue growth slowed in face of heavy competition, leading to the company posting its largest quarterly loss. Uber and its rivals are spending heavily to expand, but boss Dara Khosrowshahi said that the competitive… Continue reading Uber shares tumble as profit figures disappoint
Uber loses $5 billion, misses Wall Street targets despite easing price war
(Reuters) – Uber Technologies Inc (UBER.N) reported a $5.2 billion loss and revenue that fell short of Wall Street targets on Thursday as growth in its core ride-hailing business slowed, sending its shares down 6%. FILE PHOTO: Uber’s logo is seen on a smartphone screen as a picture of stock exchange graph is displayed on… Continue reading Uber loses $5 billion, misses Wall Street targets despite easing price war
Uber Posts $5.2 Billion Loss and Slowest Ever Growth Rate
SAN FRANCISCO — Uber set two dubious quarterly records on Thursday as it reported its results: its largest-ever loss, exceeding $5 billion, and its slowest-ever revenue growth. The double whammy immediately renewed questions about the prospects for the company, the world’s biggest ride-hailing business. Uber has been dogged by concerns about sluggish sales and whether… Continue reading Uber Posts $5.2 Billion Loss and Slowest Ever Growth Rate
Lyft’s scooters steering new customers to ride-hailing, but winter is coming
FILE PHOTO: A man rides a Lyft scooter near the White House in Washington, U.S., March 29, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – A quarter of Lyft Inc LYFT.N customers who use its bikes and scooters are new to the company, executives said on Wednesday, outlining how investments in the expensive growth area may eventually… Continue reading Lyft’s scooters steering new customers to ride-hailing, but winter is coming