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Lyft's acquisition of FreeNow will nearly double its potential market and open doors to major European cities such as London, Frankfurt, Paris, Dublin and Milan

Lyft to enter European market with €175m FreeNow deal

Lyft is buying mobility platform FreeNow from German automotive giants BMW and Mercedes-Benz for €175m to expand into the European lift-hailing market, the US company said today.

Business • 16 Apr

Uber's revenue rose 16% to $10.70 billion in the second quarter ending June

Uber second-quarter revenue beats on lift-sharing demand

Uber has today beaten Wall Street estimates for second-quarter revenue and core profit, helped by steady demand for its lift-sharing and food-delivery services, sending the company's shares up 5% before the bell.

Business • 06 Aug 24

Uber has a presence in about 70 countries and a wide range of services, including logistics services

Uber forecasts gross bookings for Q2 below expectations

Uber has forecast second-quarter gross bookings below expectations after missing the target for the first three month, sending it shares down nearly 10% before the bell.

Business • 08 May 24

Lyft shares were set for their worst day on record today

Lyft shares sink after grim forecast

Lyft shares fell 35% today after a bleak forecast fueled worries that the company will have to cut prices and sacrifice profit to avoid being a distant second to rival Uber in the North American ride-sharing market.

Business • 10 Feb 23

Uber said there were 19 fatal assaults related to the company over the two-year period

Uber reveals thousands of reported sex assaults in US

Nearly 6,000 sexual assaults, including more than 450 cases of rape, were reported to Uber in the US in 2017 and 2018, the ridesharing company said, as it faces increasing pressure over its response to abuse complaints.

World • 06 Dec 19

Hundreds of the company's identical, driverless minivans have been carrying paying riders in Phoenix since December

Waymo offers Wifi and other perks into robotaxis

Waymo is rolling out amenities to entice riders to use its self-driving taxis, creating a potential route to profitability in a money-losing industry.

Business • 08 Jul 19

Uber said it lost $3.03 billion in 2018 from operations.

Uber unveils IPO but warns it may never make a profit

Uber Technologies has 91 million users, but growth is slowing and it may never make a profit, the lift-hailing company has said in its IPO filing.

Business • 12 Apr 19

Lyft raised its IPO price range to between $70-$72 a share, meaning it is now targeting a valuation of up to $24.3 billion

Lyft ups IPO target as investors fret over missing out

Lyft has raised the price range for its initial public offering, as investors looked past the lift-hailing startup's mounting losses to the company's growing market share against larger rival Uber Technologies.

Business • 28 Mar 19

Jaguar Land Rover announces deal with US firm Lyft

JLR unit invests $25m in Lyft to develop self-drive car

Britain's biggest carmaker Jaguar Land Rover said its mobility services business, InMotion Ventures, would invest $25m in US ride services company Lyft to help develop and test technology for self-driving cars.

Business • 12 Jun 17

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