Here is the list of major companies that have said they are downsizing their workforce
Lyft, Uber and Airbnb depend on travel, vacations and gatherings. That's a problem when much of the world is staying home
Uber and Lyft, both based in San Francisco, are ride hailing's odd couple
The company is trying to stop growing where it doesn't make sense
San Francisco-based Uber is seeking to assure investors it can evolve from a ride-hailing service to a global all-in-one transportation platform.
Billionaire Silicon Valley investors, sneaker-clad founders and button-down bankers all expected enormous stock sales to turn companies like Uber, Lyft into a new generation of corporate giants
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
The standard claim is that the company's officers and underwriters overhyped its prospects, leading to investor losses
Lyft sold 32.5 million shares for $72 apiece after initially marketing 30.8 million shares at $62 to $68 each
The San Francisco-based company's offering will be the biggest from a tech upstart since Snap Inc
In 2018, the company's revenue totalled $2.2 billion, while it lost $911.3 million
Lyft hasn't disclosed the number of shares, or their value, it will sell.
The companies said they will work together to introduce autonomous vehicles to Lyft's ride-hailing network
Fresh funding expected to raise the Uber rival's valuation to $11.5 billion
Lyft already has partnerships in place with autonomous car companies to advance its self-driving strategy
This year, Lyft is on pace for $1.5 billion in net revenue
Alphabet's investment ratchets up the high-stakes battle for supremacy in the ride-hailing industry
Offer could come as early as next year
Lyft said it has closed a $600-million round of financing
US-based ride hailing service Lyft has acquired Pune-based startup FinitePaths for an undisclosed sum as it follows its larger rival Uber in tapping India's large talent base to solve its global technology problems.Vinay Kakade and Balaji Raghavan, co-founders of FinitePaths, will join the Lyft team and will shut down their startup's sole product offering which is available on Google and Apple's app stores. The announcement comes at a time when India is emerging as a talent hub for ride-hailing companies."We are very excited to have Balaji and Vinay join our team. They have extensive experience building large scale infrastructure and services. We see this experience as playing a critical role in helping us tackle some of the unique challenges we have at Lyft," said Luc Vincent, VP of Engineering at Lyft, in a statement.The details of the deal were not disclosed, while the founders did not mention if the rest of the small team at FinitePaths would be transitioning to work with Lyft as .