Lyft

Lyft, a ride-hailing platform that is smaller in size compared to its biggest rival Uber, is taking the first steps toward filing for an initial public offering, Reuters reported. Lyft is said to be seeking out the services of an IPO advisory firm to help Lyft's management pick bankers and...

Twilio Inc (NYSE: TWLO) cautioned investors in May that one of its biggest clients, Uber, is scaling back its relationship. The company's announcement sent the stock tumbling as Uber alone contributed 12 percent of its total revenue in the first quarter. However, Twilio's second-quarter earnings...

Gone may be the days when you have to tell your Lyft driver to make an impromptu stop at the Taco Bell when your on the way home from the bar. Beginning Thursday, Yum! Brands, Inc.'s (NYSE: YUM) Taco Bell will test a feature that allows Lyft passengers to push a button to have their driver to...

With Uber rolling out in-app tipping nationwide, drivers are now incentivized to provide a premium service and differentiate their ride-hailing experience. Jeff Cripe is sympathetic to their pressures, particularly as the more crowded and competitive industry is limiting driver pay. At the same...

Uber and Lyft's head-to-head battle pits two of the most valuable startups in the planet against each other. Making the situation more interesting is the fact that the two companies offer nearly identical services and are both betting their future on autonomous driving. Uber, valued at $68 billion...

Fans of Uber’s hail-a-ride app praise Uber for filling a void in urban, on-demand transportation. But as the company deals with the fallout from the ouster of CEO Travis Kalanick and ongoing questions about its leadership and direction, one of the biggest questions facing investors and the...

It’s not often that management changes have a significant impact on a company or its stock. However, the recently announced departure of former Uber CEO Travis Kalanick could trigger a major boost in Uber’s business. Kalanick’s vision for the Uber ride-sharing model has changed...

Avis Budget Group Inc. (NASDAQ: CAR) announced Monday it has formed a partnership with Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)’s autonomous car business, Waymo. Under a multi-year agreement, Avis will service and store 600 of Waymo’s self-driving cars. The fleet is part of Waymo...

Loup Ventures analyst Doug Clinton has a message for Uber: “Bad culture doesn’t scale.” Clinton published a note Thursday detailing the fatal flaw in Uber, which recently took its latest victim: now-former CEO Travis Kalanick. A Unicorn Time Bomb Clinton noted that a poor work...

This article originally appeared on DriveWealth. It’s not hard to see why the ride-share industry has become so widely popular in the past few years. For all of us, the abilities to hail a car to our exact location and then pay directly from a mobile phone are just two of the major pulls to...

VeriFone Systems Inc (NYSE: PAY) shares are taking a beating on Friday following the release of its second-quarter results after the close of trading on Thursday. Expectations Go Lower And Lower ... BTIG in a note commented that management just set the bar lower for the year, even as it was...

The market optimism about the new Ford Motor Company (NYSE: F) CEO Jim Hackett was short-lived. Ford shares initially jumped 1.3 percent on news last week that Hackett would be taking over the top leadership position from former CEO Mark Fields. However, since the day of the announcement, Ford...

“Gig workers” make up almost 34 percent of the workforce, and Recode expects this number to double in four years. Gig workers are the Uber drivers, AirBnB property owners, the freelance writers, the self-employed musicians — the workers who make their own schedule and find their...

The new partnership between Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)’s Waymo autonomous vehicle technology unit and ride-hailing company Lyft may have given birth to a legitimate Tesla Inc (NASDAQ: TSLA) competitor. In fact, Google could choose to spin off Waymo down the line at a...