Lyft has been sued by shareholders for securities fraud after a mistake in a recent earnings release about a key profit metric sent the ride-sharing company’s stock price on a wild ride up, and then down.In a proposed class action on Tuesday, shareholders said Lyft was careless in initially saying on Feb. 13 that one of its profit margins would expand in 2024 by 500 basis points, or 5 percentage points, when it actually expected 50 basis points.The mistake disclosed at 4:05 p.m. EST triggered a buying frenz ...

Ride-hailing, which involves booking transportation services via a smartphone app, is a two-horse race in the United States. Aside from legacy taxis, Uber Technologies (UBER -2.85%) and Lyft (LYFT 0.03%) are the dominant players. Uber is the market-share leader and an industry Goliath, while Lyft is a smaller competitor that might promise more upside as the underdog.Which stock is the better investment today? It's a head-to-head you don't want to miss.Uber's held onto its market share over timeUber and Lyft ...

Lyft Inc (NASDAQ:LYFT) was last seen up 5% to trade at $17.17, bouncing off a floor at the $15 level, with added support from the 20-day moving average. Today's jump comes after RBC upgraded shares to "outperform" from "sector perform," and lifted its price objective to $23 from $17. LYFT is pacing for its third-straight gain, poised to make another run at its Feb. 15 52-week high of $19.42, and has added more than 69% in the last nine months.This bull note could inspire other covering brokerages to change ...

SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (“Lyft”) (NASDAQ: LYFT) today announced the pricing of $400 million aggregate principal amount of Convertible Senior Notes due 2029 (the “notes”) in a private offering (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Lyft also granted the initial purchasers of the notes an option to purchase, for settlement within a 13-day period begin ...

SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (“Lyft”) (NASDAQ: LYFT) today announced its intention to offer, subject to market conditions and other factors, $400 million aggregate principal amount of Convertible Senior Notes due 2029 (the “notes”) in a private offering (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Lyft also expects to grant the initial purchasers of the notes ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-38846 Lyft, Inc. (Exact name of registrant as specified in its charter) Delaware 20-8809830 (State or other jurisdiction of incorpora ...

The interplay of finance and technology will lead to inevitable ups and downs for investors.gettyLyft’s LYFT fourth quarter earnings report contained an embarrassing typo earlier this week, accidentally tacking on an extra zero to one of its key financial forecasts. The company said a profitability metric would rise 500 basis points rather than 50. The blunder lit trading algorithms ablaze, sending Lyft’s stock price surging over 60% in after-hours trading. Within a day, cooler heads prevailed and shares ga ...

Key PointsLyft achieved its first-ever positive adjusted EBITDA but grappled with driver churn and pre-pandemic ridership levels.A typo in their earnings report briefly inflated the stock by 66%, highlighting the fragility of investor sentiment.Lyft faces key challenges like driver shortage and electrification alongside opportunities like autonomous vehicles and partnerships.5 stocks we like better than LyftLyft NASDAQ: LYFT, known for its distinctive pink mustaches and a strong presence in the urban mobili ...

SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT) announced today that Erin Brewer, Chief Financial Officer, will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on Tuesday, March 5, 2024 in San Francisco, CA. Brewer is scheduled to appear at 1:20 p.m. Pacific Standard Time. A live webcast of the event will be available on the investor relations section of the Lyft website at http://investor.Lyft.com. About Lyft Lyft is one of the largest transportation ...

Shares of Lyft (LYFT 16.53%) were moving higher for the second session in a row today as investors continued to respond to better-than-expected results from the ride-sharing company. It also received another round of price-target hikes from Wall Street.As of 1:35 p.m. ET, the stock was up 16.3% after gaining 35% yesterday. Is Lyft finally turning it around?Several Wall Street analysts raised their price targets on Lyft this morning, commenting on the improved competitive dynamics in the industry. This has h ...