LYFT Stock Recent News

Despite a 29.4% drop in shares, Lyft's consistent growth and push toward profitability justify maintaining a 'buy' rating. Lyft's Q2 2024 revenue surged by 40.6%, driven by a 15.4% increase in rides and a 10.2% rise in active riders. The company achieved profitability for the first time, with significant improvements in operating cash flow and EBITDA.

Yahoo Finance Executive Editor Brian Sozzi sits down with Lyft (LYFT) CEO David Risher at the Goldman Sachs Communicopia and Tech Conference to discuss the company's performance and how autonomous vehicles will affect its growth story. Risher argues that "customer obsession drives profitable growth," and highlights initiatives from lowering prices to rolling out its Women+ Connect as ways Lyft has grown over the last year.

Shares of Lyft have been pressured by mixed financial trends and industry uncertainties. The company's second-quarter earnings were highlighted by record-operating metrics.

Lyft (LYFT) reported earnings 30 days ago. What's next for the stock?

Lyft's stock is now selling at a much lower price than at its IPO. You would have lost money by investing in the stock three years ago.

Shares of ride-hailing platform  Lyft Inc (NASDAQ:LYFT) are 1% higher at $11.47 at last glance, as they look to log their third win in four sessions.

Lyft Inc (NASDAQ:LYFT) has announced it will be laying off staff and it will be making changes to its bikes and scooters offering as part of a restructuring plan aimed at cutting costs. The San Fransisco-based ride-share platform said it will lay off 1% of its nearly 3,000 employees as of the end of 2023 and will incur about $34 million to $46 million in charges largely related to asset disposal costs.

Lyft disclosed Wednesday a restructuring of its bikes and scooters operation, which will lead to some job cuts and a charge of up to $46 million.

Ride-sharing platform Lyft said on Wednesday it will dispose some assets related to bikes and scooters and lay off 1% of its employees.

SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT) announced today that David Risher, Chief Executive Officer, and Erin Brewer, Chief Financial Officer, will participate in a fireside chat at the Goldman Sachs Communacopia & Technology Conference on Tuesday, September 10, 2024 in San Francisco, CA at 10:50 a.m. Pacific Time. A live webcast of the event will be available on the investor relations section of the Lyft website at http://investor.Lyft.com. About Lyft Lyft is one of the la.