- Lyft Inc’s first quarterly report on Tuesday as a public company is expected to show investors its growth possibilities and competitive strength against rival Uber, whose initial public offering will hit the market later this week.
The loss-making ride-hailing company is trying to win back investors and show that it can stay on course and keep up with larger rival Uber, which could be valued at about $90 billion. For the company to gain traction with investors, Lyft has to beat Wall Street expectations and show that it can grow profitably in a not-so-distant future.
Lyft And Uber Drivers Are Going On Strike Tomorrow, May 8 Do Not Take Any Lyfts Or Ubers Tomorrow Do Not Cross Our Picket Lines
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lyft Earnings: What to WatchLyft has a lot riding on the number of so-called active riders who regularly use its services—and for that matter, how much it can make from each of them WSJ, How much of the Lyft earnings are going to shareholders? Oh...$0! Betcha didn’t “watch out” for that😉 Basic logic. Business 101 in the headline: [insert company name] has a lot riding on the number of so-called active [description of customer of company] who regularly use its services-and for that matter, how much it can make from each of them. You still think your assets are secured on exchange you use ? Think again, Do not wait until it happens with your exchange and get a Ledger Nano X now.
Source: WSJ - 🏆 98. / 63 Read more »
Qualcomm stock slides after earnings, Apple settlement to add nearly $5 billionQualcomm Inc. shares fell Tuesday after the chip maker topped estimates for the quarter and included the settlement with Apple Inc. in its guidance.
Source: MarketWatch - 🏆 3. / 97 Read more »