A screen displays the company logo of Uber Technologies Inc on the day of its IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid Aug 4 (Reuters) – Uber Technologies Inc (UBER.N) on Wednesday reported widening losses as it spent more to entice drivers to return to… Continue reading Autos & TransportationUber posts $509 mln adjusted loss on driver incentives even as trips riseAugust 4, 2021
Tag: Lyft
Uber CEO calls Massachusetts gig economy ballot measure the ‘right answer’
Uber CEO Dara Khosrowshahi expressed his support Wednesday for a ballot initiative in Massachusetts that would keep gig economy workers classified as independent contractors, fulfilling a promise he made nearly a year ago to push for laws that preserve its business model. “In the state of Massachusetts, we think the right answer is our IC+… Continue reading Uber CEO calls Massachusetts gig economy ballot measure the ‘right answer’
Uber shares fall despite revenue beat as its core operations continue to lose money
The company reaffirmed Q4 adjusted profit target, swung to positive net income thanks to investments Alex Wilhelm Kirsten Korosec 8 hours Today after the bell U.S. ride-hailing giant Uber reported its second-quarter financial results. The company’s numbers come a day after its domestic rival, Lyft, shared its own Q2 earnings. Notably while Lyft managed to… Continue reading Uber shares fall despite revenue beat as its core operations continue to lose money
Technology · August 3, 2021 · 10:57 PM UTCLyft posts adjusted profit ahead of target, but warns of driver shortage, Delta threatLyft Inc (LYFT.O) on T…
The Lyft Driver Hub is seen in Los Angeles, California, U.S., March 20, 2019. REUTERS/Lucy Nicholson Aug 3 (Reuters) – Lyft Inc (LYFT.O) on Tuesday posted an adjusted quarterly profit three months ahead of target, seizing on a leaner cost structure as rides rebounded, but it warned of ongoing driver shortages and the spread of… Continue reading Technology · August 3, 2021 · 10:57 PM UTCLyft posts adjusted profit ahead of target, but warns of driver shortage, Delta threatLyft Inc (LYFT.O) on T…
Lyft reaches adjusted profitability milestone despite continuing net losses
Today after the bell, U.S. ride-hailing company Lyft reported its second quarter financial performance. In aggregate the company’s performance was a rebound from the year-ago second quarter, which was heavily impacted by the onset of the COVID-19 pandemic and resulting lockdowns in the United States. Lyft also managed to produce positive adjusted EBITDA in the… Continue reading Lyft reaches adjusted profitability milestone despite continuing net losses
Autos & TransportationUber, Lyft seen boosted by return of riders, but driver shortage, stubborn virus cloud outlook3:03 PM UTC
A sign marks a rendezvous location for Lyft and Uber users at San Diego State University in San Diego, California, U.S., May 13, 2020. REUTERS/Mike Blake/File Photo Aug 2 (Reuters) – Ride hailing companies Uber Technologies Inc (UBER.N) and Lyft Inc (LYFT.O) promised Wall Street they would be back on the road to profitability and… Continue reading Autos & TransportationUber, Lyft seen boosted by return of riders, but driver shortage, stubborn virus cloud outlook3:03 PM UTC
@GM: BrightDrop Appoints New Executives to its Leadership Team
BrightDrop Appoints New Executives to its Leadership Team New chief technology, product, people and revenue officers bring extensive experience in technology and software to BrightDrop’s growing team 2021-07-20 DETROIT – BrightDrop today named four new executives to its leadership team, appointing Anthony Armenta as chief technology officer, Rachad Youssef as chief product officer, Shaluinn Fullove as chief… Continue reading @GM: BrightDrop Appoints New Executives to its Leadership Team
Ford, Lyft to Launch Self-Driving Car Network this Year
Lyft users within the defined service areas will be able to select a Ford self-driving vehicle to hail a ride. Photo: Argo AI Ford Motor Company is partnering with Argo AI and Lyft to create an autonomous ride hailing service, according to the companies’ press release. Argo AI and Ford will release self-driving Ford vehicles… Continue reading Ford, Lyft to Launch Self-Driving Car Network this Year
Self-driving leader Argo AI’s CEO explains how his new deal with Lyft helps the startup clear a critical hurdle
Robotaxis from Argo AI and Ford are coming to Miami this year and Austin in 2022. Lyft’s customer base and data made it an attractive partner, Argo CEO Bryan Salesky said. He’s looking forward to getting feedback from riders outside the company. Five years after its founding, Argo AI had an automated-driving system that had… Continue reading Self-driving leader Argo AI’s CEO explains how his new deal with Lyft helps the startup clear a critical hurdle
Ford, Argo AI team with Lyft to launch self-driving robotaxi service in Miami, Austin
Ford Motor Co. and Argo AI will launch a limited robotaxi service on ride-sharing company Lyft’s platform beginning later this year, the companies announced Wednesday. The initial deployment of the service in two cities — Miami later this year, and Austin next year — marks a significant step on Ford’s path to launching a commercial autonomous-vehicle business. The project… Continue reading Ford, Argo AI team with Lyft to launch self-driving robotaxi service in Miami, Austin