Lyft

The on-demand taxi-hailing market in the U.S. overlooks a race that might be the first of its kind, as both Uber and Lyft battle it out on who would go public first. Reports came in last week that Lyft had filed for an initial public offering with the SEC, but the Wall Street Journal ran a story a...

With 2019 just a few months away, investors' interest in the third quarter financials of Uber and Lyft has been sky-high, as the cab-hailing companies are entangled in a high stakes game towards going public next year. Though a private company, Uber chooses to put its financial results out...

Michigan Gov. Rick Snyder, Lyft chief strategy officer Raj Kapoor, Detroit Economic Growth Corporation CEO Kevin Johnson and Sherif Markaby, the CEO of Ford Motor Company (NYSE: F)'s autonomous vehicles division, discussed the self-driving vehicle market with The New York Times'...

What's going on for drivers in what J.P. Morgan Chase & Co. (NYSE: JPM) calls the "online platform economy"—think Uber and Lyft—is exactly the opposite of what is happening in the market for truck drivers. There are more of them. And their earnings are falling. That is...

Over the last few months, Uber Inc. has been on the path of extending its services to different domains, of which the electric bike-sharing business looks to be a primary focal point. In April, Uber acquired bike-share startup Jump for nearly $200 million, getting a foot on the door and launching...

For consumers, the innovation of ride-sharing services has arguably made travel better and more convenient. For existing taxi drivers and other ride-hailing drivers, that's far from the case. What Happened On Wednesday, New York City became the first major U.S. city to temporarily halt new...

Popular ride-hailing company Uber Technologies, Inc. has spent extensive time in the spotlight lately: from hiring drivers with criminal records to demonstrating wage discrimination, Uber continues to generate bad press.  What Happened Due to a recent spike in...

The first half of 2018 brought Dropbox Inc (NASDAQ: DBX), Spotify Technology SA (NYSE: SPOT) and 118 other market newbies raising an aggregate $35.2 billion — the most since 2014. Bettors on the young blood generally made off nicely, as the average IPO traded 22 percent above its...

Major shifts in consumer habits not only change the way we think about the economy, but lead the direction for where the economy is heading. One of the most obvious examples of this sentiment is seen with the ever-increasing growth of the so-called “sharing economy.” Companies like Uber...

Magna International Inc. (NYSE: MGA) has growing momentum as a “meaningful player” in emerging auto technologies, according to BMO Capital Markets. The Analyst BMO Capital Markets’ Peter Sklar upgraded Magna from Market Perform to Outperform and raised the price target from $64...

Last quarter’s fatalities involving autonomous vehicle technology were seen to justify some of the concerns voiced by Tesla Inc (NASDAQ: TSLA) bears. Critics were confident the crashes would dent consumer enthusiasm toward self-driving cars and, in one case involving the Model X, weigh...

Lyft is taking its advocates on a wild ride this week. While announcing a multiyear, self-driving technology partnership with Magna International Inc. (USA) (NYSE: MGA), management unveiled plans for a monthly subscription model. The subscription program, which The Verge said would shift the...

Magna International Inc. (USA) (NYSE: MGA) announced a multiyear partnership with Lyft this week — and a $200-million investment in the ride-hailing service — to develop and manufacture self-driving systems at scale. The strategy puts the companies on pace to commercialize and...

With the rising cost of car insurance and an increase of millennials moving into urban areas, it makes sense that renting, leasing, or buying a car are becoming less attractive options. Riders don't have to worry about having the best car insurance, regular maintenance, or car payments. Now...

A breakout year for IPO has yet to materialize after the stellar showing in both 2013 and 2014. The performance in 2017 can at best be qualified as lukewarm — despite the record run of the equity markets. IPOs could become easier, gaccording to a report in the Wall Street Journal Thursday...