Category: lyft
Aptiv’s self-driving cars have given 100,000 paid rides on the Lyft app
What started out as a temporary pilot project to test a robotaxi service in Las Vegas has turned into a multi-year partnership between self-driving software company Aptiv and Lyft and a new milestone that suggests the operation is ramping up. The companies announced Tuesday that they’ve given 100,000 paid rides…
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Unpacking Uber’s new profitability promise
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Yesterday Uber reported its Q4 2019 financial performance. Today, following the news, shares of the ride-hailing giant are up over 9%, pushing Uber’s stock above $40 per share. While Uber’s…
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Lyft confirms 90 layoffs as it targets profitability
Shares of popular American ride-hailing giant Lyft are off 1.5% today in regular trading after the New York Times reported that the company would cut some staff. TechCrunch confirmed with the company that 90 individuals are expected to be impacted by the changes. The company’s shares dipped as far as…
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Opera and the firm short-selling its stock (alleging Africa fintech abuses) weigh in
Internet services company Opera has come under a short-sell assault based on allegations of predatory lending practices by its fintech products in Africa. Hindenburg Research issued a report claiming (among other things) that Opera’s finance products in Nigeria and Kenya have run afoul of prudent consumer practices and Google Play…
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