ridesharing

Joanna Marsh Wednesday, May 8, 2019

Lyft eyes broader stake in consumer transportation market

The partnership between ride-sharing company Lyft (NYSE: LYFT) and Google-affiliated, self-driving car technology company Waymo is just one initiative in Lyft’s strategy to stake a claim in the emerging market for on-demand consumer transportation services, company officials said on May 7. Lyft confirmed Waymo’s announcement that Waymo will use Lyft’s platform to deploy 10 self-driving […]

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Joanna Marsh Tuesday, May 7, 2019

Lyft’s net loss widens in the first quarter

Ride-hailing company Lyft (NYSE: LYFT) reported a first quarter 2019 net loss of $1.14 billion, or a net loss of $48.53 per share, the company said on May 7. In comparison, Lyft said it had a net loss of $234.3 million, or a net loss of $11.69 per share, in the first quarter of 2018. […]

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