Tag: Lyft

Uber squeaks tiny adjusted profit in Q3 despite $2.4B net loss

Today after the bell American ride-hailing giant Uber reported its third-quarter financial results. Critically, the long-unprofitable company managed to squeak $8 million worth of adjusted EBITDA — a very modified profit metric — while still posting net losses of more than $2 billion. The adjusted-profit result comes days after Lyft, Uber’s domestic rival, also recently… Continue reading Uber squeaks tiny adjusted profit in Q3 despite $2.4B net loss

Lyft reports adjusted profitability again as revenue per rider rises

Lyft reported Tuesday its second consecutive quarter of adjusted profitability as riders returned to the U.S. ride-hailing company’s service. The ride-hailing service, which competes with Uber in the ride-hailing business, reported revenues of $864.4 million in the third quarter, a 73% pop from the $499.7 million in the same year-ago period. Analysts expected revenue of… Continue reading Lyft reports adjusted profitability again as revenue per rider rises

Technology · November 4, 2021 · 11:02 PM UTCUber makes first operating profit as driver shortage easesUber Technologies Inc on Thursday reported its f…

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 Nov 4 (Reuters) – Uber Technologies Inc (UBER.N) on Thursday reported its first profitable quarter on an adjusted basis since it launched more… Continue reading Technology · November 4, 2021 · 11:02 PM UTCUber makes first operating profit as driver shortage easesUber Technologies Inc on Thursday reported its f…

Parsing Hertz’s Big EV Bet

Given the ease to consumers of using an Uber, car rental companies were forced to up their game. Hertz’s deal with Tesla helps its need to restock fleet post pandemic, and garnered much positive press. Photo by Charlie Deets on Unsplash The rental car and electric vehicle worlds have been abuzz with the announcement of a “deal” between Hertz… Continue reading Parsing Hertz’s Big EV Bet

The Station: Amazon reveals Rivian stake, the Tesla FSD saga continues and Aurora snaps up a CIG startup

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your spooktacular central hub for all past, present and future means of moving people and packages from Point A to Point B.… Continue reading The Station: Amazon reveals Rivian stake, the Tesla FSD saga continues and Aurora snaps up a CIG startup

Uber aims for 50,000 Teslas on its platform by 2023

Uber is acquiring 50,000 Tesla vehicles to rent to its drivers as part of an ambitious plan to electrify its fleet in the US by 2030. The ride-hailing company is working with rental car company Hertz, which announced yesterday that it had ordered 100,000 Teslas. The move comes as car companies and transportation providers around… Continue reading Uber aims for 50,000 Teslas on its platform by 2023

Lyft Releases Safety Report

Over 99% of Lyft rides had no reported safety incidents, the study reports.  Photo via www.quotecatalog.com/Flicker Between 2017 and 2019, Lyft received reports of over 4,000 instances of sexual assault on its ride-hailing platform, according to data in the company’s safety report. The incidents were reported directly to Lyft, brought to attention through law enforcement, or identified… Continue reading Lyft Releases Safety Report

Lyft’s first-ever safety report reveals over 4,000 assaults between 2017-2019

Warning: this story contains descriptions of sexual assault that some readers may find disturbing. Ten people were killed in physical altercations and over 4,000 people were assaulted during Lyft rides from 2017-2019, the company revealed in its first-ever safety report. Also during that period, 105 people died in fatal vehicle crashes involving a Lyft car.… Continue reading Lyft’s first-ever safety report reveals over 4,000 assaults between 2017-2019

Autos & Transportation · 4:11 PM UTCLyft records more than 4,000 sexual assault cases in long-overdue safety reportLyft Inc received reports of more t…

The Lyft Driver Hub is seen in Los Angeles, California, U.S., March 20, 2019. REUTERS/Lucy Nicholson/File Photo Oct 22 (Reuters) – Lyft Inc (LYFT.O) received reports of more than 4,000 instances of sexual assault on its ride-hailing platform between 2017 and 2019, detailing the data in a safety report it had promised to publish about… Continue reading Autos & Transportation · 4:11 PM UTCLyft records more than 4,000 sexual assault cases in long-overdue safety reportLyft Inc received reports of more t…