Ride-hailing giant Lyft reported earnings for the second quarter after the bell Thursday.
The ride-hailing giant has struggled to turn a profit over the years, but that finally changed in 2021.
Estonia-based Bolt offers a platform similar to Uber’s, with a ride-hailing business and food and grocery delivery services.
Q3 2021 marked the first adjusted EBITDA-profitable quarter in Uber’s publicly traded history and the second in a row for Lyft.
After becoming adjusted EBITDA-profitable for the first time ever in Q2 2021, Lyft keeps it rolling with another solid quarter.
The proposed $1 trillion infrastructure package includes a provision that would study the potential for a “driving tax” of 8 cents per mile.
Self-driving technology company Aurora said it will deploy a Toyota Sienna autonomous vehicle in rideshare service in the next six months.
Didi, the largest ride-hailing company in China, is denying reports that it is considering taking the company private just one month after it debuted on the New York Stock Exchange.
On Sunday, China banned new downloads of Didi’s ride-hailing app, and on Tuesday, the stock dropped more than 23% in response.
Chinese ride-hailing giant Didi has filed paperwork with the SEC for an IPO on a major U.S. stock exchange.
