Tag: lyft
Lyft makes face masks mandatory for drivers and riders
Lyft is introducing a new set of safety rules meant to protect its riders and drivers during the coronavirus pandemic. As part of its new “health safety program,” the ride sharing app will require riders and drivers to wear face masks while in the ca… Source
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Lyft now requires face masks for riders and drivers
Lyft today announced a new health initiative that requires drivers and riders to wear face masks or coverings during rides. Additionally, Lyft says it will provide cleaning supplies and masks for drivers. Riders and drivers must all confirm they will cover their faces and not ride or drive with Lyft…
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How Lyft intends to navigate and survive COVID-19
A glimpse at Lyft’s stock price Wednesday, which soared as much as 16.77% after first-quarter earnings were reported, suggested all was well in the ride-hailing company’s world. In this COVID 19-era, “well” is a relative term. Lyft’s net losses did dramatically improve from the year-ago quarter (a loss of $398…
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Lyft shares rally 14% after it reports Q1 revenue growth of 23% to $955.7M
Fresh off of a large round of layoffs, Lyft reported its Q1 results this afternoon. The ride-hailing company disclosed that it generated revenue of $955.7 million in the first three months of 2020, up 23% from its year-ago Q1 revenue result of $776 million. The company’s net loss of $398.1…
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Autotech Ventures raises more than $150 million with an eye on ground transportation startups
Autotech Ventures popped on the scene three years ago with a $120 million debut fund and a plan to invest in early-stage ground transportation startups. Now, with investments in 26 startups and a handful of exits, including Xnor.ai, DeepScale and Frontier Car Group, the venture firm is back with a…
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The great unicorn retreat
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re taking stock of what’s happening to a number of unicorns, both public and private. This is the third time we’ve sat down to document what feels like a…
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