Tag: Lyft

Trafi takes its mobility-as-a-service platform to LatAm, starting with Bogota

Trafi, the Lithuanian startup that created a platform that lets users plan, book and pay for various modes of transportation within a city, is expanding beyond the European market where it got its start to tackle one of the most congested urban areas in the world. The company said it has reached an agreement to… Continue reading Trafi takes its mobility-as-a-service platform to LatAm, starting with Bogota

Uber and Lyft are ‘proxies for the reopening’ as investors look to rideshare to predict the pandemic recovery (UBER, LYFT)

Investors are looking at Uber and Lyft as early signs of how the economic recovery may take shape. Analysts told Insider the companies’ fates are closely tied to post-pandemic travel and consumer trends. They said Uber and Lyft became much more nimble during the pandemic, but uncertainty remains. Visit the Business section of Insider for more… Continue reading Uber and Lyft are ‘proxies for the reopening’ as investors look to rideshare to predict the pandemic recovery (UBER, LYFT)

Uber and Lyft are getting less unprofitable, but COVID-19 is still a drag on their business

Uber and Lyft reported their quarterly earnings this week, and while both companies are showing signs of improvement, the COVID-19 pandemic continues to cast a long shadow over the overall ride-hailing business. It raises the question of how both companies, neither of which have ever turned a profit, can hope to claw their way out… Continue reading Uber and Lyft are getting less unprofitable, but COVID-19 is still a drag on their business

BusUp Raises $6M in Series A Funding

BusUp, a Spanish corporate bus commuter management solution in the E.U. and LatAm, closed its $6m Series A financing. The round was led by Proeza Ventures, and supported by US transportation venture capital firm Autotech Ventures (investor in Lyft and Volta Charging), and IESE’s Business School venture fund Finaves V, among others. The company intends… Continue reading BusUp Raises $6M in Series A Funding

Uber beats Q4 2020 earnings expectations but misses on $3.17 billion in revenue amid slow pandemic recovery (UBER)

Uber on Wednesday reported $3.17 billion in Q4 revenue, missing expectations of $3.58 billion. Uber reported GAAP losses per share of $0.54, beating analyst expectations of $0.55. Uber’s valuation doubled in 2020 despite the pandemic and the company’s inability to turn a profit. Visit the Business section of Insider for more stories. Uber on Wednesday… Continue reading Uber beats Q4 2020 earnings expectations but misses on $3.17 billion in revenue amid slow pandemic recovery (UBER)

Why Lyft’s food delivery strategy centers on sharing customer data with restaurants and retailers

Lyft is piloting B2B on-demand delivery in certain US markets. Adding delivery is part of the company’s long-term growth strategy. Lyft said merchants are looking for delivery partners that allow them to keep relationships with customers. Visit the Business section of Insider for more stories. Just when the crowded delivery space was thinning out amid… Continue reading Why Lyft’s food delivery strategy centers on sharing customer data with restaurants and retailers

Lyft could pay about $3,000 for failing to disclose that it paid for some ads in its $48 million Prop 22 campaign (LYFT)

Lyft could pay $3,371 for not noting it paid for some Prop 22 ads. Lyft spent $48 million campaigning for Prop 22, which would allow it to pay drivers as contractors. California voters approved the legislation in the November election. Visit the Business section of Insider for more stories. Lyft is being threatened with a… Continue reading Lyft could pay about $3,000 for failing to disclose that it paid for some ads in its $48 million Prop 22 campaign (LYFT)

@GM: GM Reports Strong 2020 Full-Year and Fourth-Quarter Results February 10, 2021

DETROIT – General Motors Co. (NYSE: GM) today reported strong 2020 full-year and fourth quarter earnings despite production interruptions caused by the COVID-19 pandemic and the impact of the Takata airbag-inflator recall announced in November. Click here to download GM Chairman and CEO Mary Barra’s letter to shareholders. Barra and Chief Financial Officer Paul Jacobson… Continue reading @GM: GM Reports Strong 2020 Full-Year and Fourth-Quarter Results February 10, 2021

Lyft CEO Logan Green predicts US will reach ‘critical immunity levels’ faster than many international markets (LYFT)

Lyft CEO Logan Green said the US will reach “critical immunity” faster than many other countries. Lyft told investors Tuesday that it will be EBITDA-profitable in 2021 if the recovery continues. The US still has one of the worst COVID-19 outbreaks, but has higher-than-average vaccine rates. Visit the Business section of Insider for more stories.… Continue reading Lyft CEO Logan Green predicts US will reach ‘critical immunity levels’ faster than many international markets (LYFT)