Behind its simple ride-hailing concept, Lyft (NASDAQ: LYFT) has faced significant financial challenges, including underwhelming earnings and costly customer service investments. The company’s stock, ...

Lyft (NASDAQ: LYFT) stock has decreased from approximately $24 to $20 over the last month, representing a decline of about 16%. This downturn reflects a mix of company-specific issues along with a ...

Lyft Inc. projected an acceleration in bookings this quarter, easing concerns about the ride-hailing company’s efforts to expand globally and maintain customer loyalty. The company expects gross ...

Lyft management made the following statement on the share buyback program: “Our board of directors has authorized an increase to our share repurchase program to a new total of $750 million. We intend ...

Lyft operates with a narrower focus strategy compared to its larger peer, Uber. Thanks to cost-cutting measures and increased efficiency, Lyft is now on track to achieve sustainable profitability.