Lyft Inc is a transportation network company that operates a popular ride-hailing platform, connecting passengers with drivers through its mobile app. The company provides a convenient and cost-effective way for individuals to request rides in real-time, offering a variety of transportation options to suit different needs. In addition to its core ride-hailing services, Lyft also focuses on sustainable transportation solutions, including bike and scooter rentals, and has made efforts to expand its offerings to include partnerships in autonomous vehicle technology and public transportation initiatives. Lyft aims to enhance urban mobility while promoting a more environmentally friendly approach to transportation. Read More
Travelers reported a 3% rise in net written premiums to $10.52 billion, with growth taking a hit due to higher levels of ceded premium primarily associated with an enhanced casualty reinsurance program in Business Insurance.
The company said the deal would increase its annualized gross bookings by approximately €1 billion and diversify revenue streams, supporting its multi-year targets.
Engine Capital LP (together with its affiliates, “Engine” or “we”), which owns approximately one percent of the outstanding common shares of Lyft, Inc. (NASDAQ: LYFT) (“Lyft” or the “Company”), today announced that it is filing a preliminary proxy statement in connection with its nomination of two highly qualified and independent candidates – Alan L. Bazaar and Daniel B. Silvers – for election to the Company’s Board of Directors (the “Board”) at the 2025 Annual Meeting of Shareholders (the “Annual Meeting”).
Lyft, Inc. (Nasdaq: LYFT), a leading ride hailing marketplace, today announced it has entered into a definitive agreement to acquire FREENOW, a leading European multi-mobility app with a taxi offering at its core, from BMW Group and Mercedes-Benz Mobility for approximately €175 million or $197 million* in cash. FREENOW will continue operating as it does today, with its talented leadership team and employees in place to drive growth across 9 countries and over 150 cities across Ireland, the United Kingdom, Germany, Greece, Spain, Italy, Poland, France, and Austria. The transaction is expected to close in the second half of 2025, subject to customary closing conditions.
Lyft, Inc. (Nasdaq: LYFT) (the “Company” or “Lyft”) will release financial results for the first quarter of 2025 after the close of the market on Thursday, May 8, 2025.
Pennsylvania rideshare accident lawyer from Luxenberg Garbett Kelly & George P.C. has published an article offering essential information about rideshare accidents in Pennsylvania. The article outlines who may be held responsible in the event of a crash, what legal protections apply to passengers, drivers, and other involved parties, and how rideshare insurance coverage works, aiming to help accident victims better understand their rights.
Atlanta, GA - April 10, 2025 - As rideshare services like Uber and Lyft continue to grow in popularity across Atlanta, the number of accidents involving these vehicles has seen a concerning uptick. Dozier Law Firm, a trusted name in Georgia's legal community since 1966, is extending its specialized legal services to assist victims of rideshare accidents in navigating the complex aftermath of such incidents.
Shares of ride sharing service Lyft (NASDAQ: LYFT)
jumped 5.6% in the afternoon session after markets rallied sharply on news that President Trump announced a 90-day tariff pause. Reciprocal tariffs were also dropped to 10% for most countries, sparking renewed optimism amid ongoing trade talks. The major stock indices rose as investors, growing impatient of seemingly irrational tariff actions, welcomed the pause as a sign of a more measured path forward.
A number of stocks fell in the afternoon session after markets gave up early gains with optimism over progress in US-China trade talks quickly fading as the Trump administration announced plans to raise tariffs on all Chinese imports to well above 100%.
What has Wall Street been buzzing about this week? Here is a quick look at the top 5 buy calls and the top 5 sell calls made by Wall Street's best analysts during the trading week of March 31-April 4, 2025.
Value investing has created more billionaires than any other strategy, like Warren Buffett, who built his fortune by purchasing wonderful businesses at reasonable prices.
But these hidden gems are few and far between - many stocks that appear cheap often stay that way because they face structural issues.
