Today, Uber followed Lyft in reporting its Q1 2021 earnings this week. And like its rival, its results take a little bit of work to understand. So, this afternoon, we’re going to parse them as a pair so that we both understand what’s going on at the ride-hailing and food-delivery giant. Let’s start with the… Continue reading Uber’s mixed Q1 earnings portray an evolving business
Tag: Lyft
Lyft is a ‘buy’ despite the slide in its share price after earnings and a regulatory overhang, 2 analysts say (LYFT)
Lyft’s John Zimmer in New Orleans in 2018. Stephen McCarthy/Sportsfile via Getty Images Lyft got some analyst support on Wednesday after earnings with two top Wall Street analysts reiterating their bullish stances. CFRA’s Angelo Zino reiterated his “buy” rating and $75 price target citing improved pricing. Wedbush’s Dan Ives reiterated his “overweight” rating and $85… Continue reading Lyft is a ‘buy’ despite the slide in its share price after earnings and a regulatory overhang, 2 analysts say (LYFT)
@GM: GM Reports Strong First-Quarter 2021 Results May 5, 2021
DETROIT – General Motors Co. (NYSE: GM) today reported first-quarter earnings driven by strong price and mix performance in North America, strong credit and residual value performance at GM Financial, and the industry recovery in China. The company is highly confident in its full-year 2021 guidance outlined earlier this year as it works to manage… Continue reading @GM: GM Reports Strong First-Quarter 2021 Results May 5, 2021
Investors cheer as Lyft’s Q1 revenue didn’t fall as much as expected
Investors gave Lyft’s value a small bump Tuesday after the American ride-hailing company reported results that weren’t quite as bad as the company, and Wall Street had expected. Shares of the Uber competitor rose as much as 4.5% in after-hours trading following the disclosure of its financial performance from the first three months of the… Continue reading Investors cheer as Lyft’s Q1 revenue didn’t fall as much as expected
The Station: Lyft sells its self-driving unit, Uber makes a big product push and Revel jumps into ride-hailing
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. Hi there, new and returning readers. This is The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from… Continue reading The Station: Lyft sells its self-driving unit, Uber makes a big product push and Revel jumps into ride-hailing
Lyft: Lyft To Announce Fourth Quarter 2020 Financial Results
SAN FRANCISCO, Jan. 25, 2021 (GLOBE NEWSWIRE) — Lyft, Inc. (Nasdaq: LYFT) (the “Company” or “Lyft”), today announced that it will release financial results for its fourth fiscal quarter ended December 31, 2020 after the close of the market on Tuesday, February 9, 2021. On the same day, Lyft will host a conference call at… Continue reading Lyft: Lyft To Announce Fourth Quarter 2020 Financial Results
EasyMile raises $66M for its autonomous people-and-goods shuttles
We may still be a long way off from Level 5, fully self-driving cars on the open road, but companies building autonomous vehicles and shuttles for specific uses within closed-campus deployments say they are on their way to commercial operations and are raising money to get there. In the latest development, a startup out of… Continue reading EasyMile raises $66M for its autonomous people-and-goods shuttles
@Toyota: Woven Planet Holdings, a Subsidiary of Toyota, Announces Acquisition of Lyft’s Level 5 Division to Accelerate Software Innovation for Automated Drivin…
TOKYO, Apr 27, 2021 – (JCN Newswire) – Woven Planet Holdings, Inc. (“Woven Planet”), a subsidiary of Toyota Motor Corporation, has agreed to acquire Level 5, the self-driving division of Lyft, Inc. one of the largest ride-hailing companies in the world. This marks the first major deal for the newly established Woven Planet. The deal… Continue reading @Toyota: Woven Planet Holdings, a Subsidiary of Toyota, Announces Acquisition of Lyft’s Level 5 Division to Accelerate Software Innovation for Automated Drivin…
Lyft joins Uber in ditching plans to make its own self-driving car, selling its autonomous vehicle unit to Toyota for $550 million
Toyota is buying Lyft’s self-driving technology unit for $550 million, the companies said Monday. Lyft joins Uber in ditching plans to make its own self-driving vehicle. The self-driving unit, Level 5, will become a part of Toyota’s new Woven Planet division. See more stories on Insider’s business page. Toyota Motor Corp will acquire Lyft Inc’s self-driving… Continue reading Lyft joins Uber in ditching plans to make its own self-driving car, selling its autonomous vehicle unit to Toyota for $550 million
Gett inks deal with Curb Mobility to bring yellow cabs to its enterprise-focused on-demand ride-hailing app
Gett, the ride-hailing startup that has been carving out a niche for itself in a crowded and competitive market for on-demand transportation by focusing on enterprise accounts and connecting people with rides in some 1,500 cities leveraging a number of third-party fleets, is adding another partner today as it continues to double down on its… Continue reading Gett inks deal with Curb Mobility to bring yellow cabs to its enterprise-focused on-demand ride-hailing app