Don’t miss the latest developments in business and finance.

Uber Lyft

Lyft wins dismissal of shareholder lawsuit over earnings report error

The judge found no proof that the San Francisco-based company and its top executives intended to defraud anyone by reporting an incorrect profit margin

Updated On: 17 Jan 2025 | 8:44 AM IST

California court considers law treating Uber, Lyft drivers as contractors

Uber, Lyft and other app-based services spent more than $200 million on a campaign to pass Prop 22 and have said that without it, the increased costs could force them to stop doing business

Updated On: 22 May 2024 | 9:13 AM IST

A 'clerical error' in Lyft outlook triggers 67% jump before reality dawns

The firm mistakenly said that the margins will rise by 500 basis points. (bps). The actual figure was 50 bps

Updated On: 15 Feb 2024 | 12:58 AM IST

Volume Icon

10 well-known companies that laid off staff due to coronavirus

Here is the list of major companies that have said they are downsizing their workforce

Updated On: 19 May 2020 | 7:31 PM IST

Rivals Uber and Lyft are driving down different roads in search of profit

Uber and Lyft, both based in San Francisco, are ride hailing's odd couple

Updated On: 09 Feb 2020 | 12:58 AM IST

Older people need rides, but what's stopping them from using Uber and Lyft?

More than half of adults over 65 own smartphones, the Pew Research Center has reported. Yet among adults 50 and older, only about a quarter used ride-hailing services in 2018

Updated On: 18 Aug 2019 | 12:26 AM IST

Seattle loss may have union lessons for Uber, Lyft drivers

The court concluded that Washington state didn't authorise the Seattle measure specifically enough

Updated On: 12 May 2018 | 8:24 PM IST