Lyft Inc is a transportation network company that operates a popular ride-hailing platform, connecting passengers with drivers through its mobile app. The company provides a convenient and cost-effective way for individuals to request rides in real-time, offering a variety of transportation options to suit different needs. In addition to its core ride-hailing services, Lyft also focuses on sustainable transportation solutions, including bike and scooter rentals, and has made efforts to expand its offerings to include partnerships in autonomous vehicle technology and public transportation initiatives. Lyft aims to enhance urban mobility while promoting a more environmentally friendly approach to transportation. Read More
The more robust EPS outlook of Uber is a stronger bet, though it’s worth remembering that Lyft shares have been stuck in limbo over the past year, with the recent results also likely to finally drive some near-term positivity.
Gary Black says Tesla may not make money with its robotaxi service for several years as it creates a network of riders and competes with established rail hailing services like Uber and Lyft.
Fund manager and long-term Tesla Inc. (NASDAQ: TSLA) bull, Gary Black, is weighing in on the long-running debates surrounding the EV giant, the industry's future, and trends such as autonomy and driverless ridesharing.
Top mid-cap performers in last week: Pony AI Inc. (+72.4%), Dave Inc. (+59.68%), Sezzle Inc. (+56.29%), Coeur Mining Inc. (+57.65%), D-Wave Quantum Inc. (+40.20%), Lyft Inc. (+31.62%), Oscar Health Inc. (+29.62%), Bitdeer Technologies Group (+28.71%), Sunrun Inc. (+28.67%).
Palantir Technologies Inc. remains a stock to hold for the long term despite recent market volatility, with the potential to reach a $1 trillion valuation, according to Will McGough, director of investments at Prime Capital Financial.
Lyft Inc. CEO David Risher's leadership strategy, shaped by his decade working under tech titans Bill Gates and Jeff Bezos, has propelled the ride-sharing company to record performance in 2024.
Shares of ride sharing service Lyft (NASDAQ: LYFT)
jumped 27.4% in the afternoon session after the company reported strong first quarter 2025 results which significantly beat analysts' EPS and EBITDA expectations. Rides climbed 16% and the number of riders grew 11%, both setting new highs.
Engine Capital LP (together with its affiliates, “Engine” or “we”) today announced that it is withdrawing its nomination of candidates for election to Lyft, Inc.’s (NASDAQ: LYFT) (“Lyft” or the “Company”) Board of Directors (the “Board”) at the 2025 Annual Meeting of Shareholders following its engagement with the Company.
