The Latest Breaking News from Lyft

Back in May, ride-sharing giant Uber Technologies Inc. (NYSE: UBER) delivered its first-quarter 2022 earnings report.

LOS ANGELES — In his dim motel room, flies and dust swirled through a slanted blade of sunlight. A shoulder-high heap of boxes, trash bags, electronics and clothes prevented him from opening the curtains.

Ride-sharing apps like Uber, DiDi and Lyft may have driven across much of the globe, but they haven’t yet rolled into Venezuela

Driver kicks out six passengers after disagreement, leading to one of them being run over

The Port of Oakland has been brought to a grinding halt this week as hundreds of protesting truckers hold a key commerce hub captive. The action — following a similar one at Southern California ports last week — has dealt another blow to supply chains already reeling from pandemic delays.

With recession fears mounting — and inflation, the war in Ukraine and the lingering pandemic taking a toll — many tech companies are rethinking their staffing needs, with some of them instituting hiring freezes, rescinding offers and even starting layoffs.

The surcharge would start at $1 for fares up to $20, then go to $2 for fares up to $40 and to $3 for tabs over $40. The Business and Consumer Affairs would be empowered to terminate the surcharge whenever gasoline prices fall below $5 a gallon.

The bill would also shield the rights of any person or group helping someone get an abortion out of state.

Pent-up demand for ride-sharing services has helped Uber (UBER) and Lyft (LYFT) register solid revenue and booking figures in the last quarter. Both have high trading volumes. Let’s discuss which stock is a better buy now….

Ride-share drivers are turning to renting or buying electric vehicles. The move, which was being done to help combat high prices for gas at the pump, is turning into higher tips for some drivers as well.

LYFT (LYFT) stock won't get much of a lift as harsh macro-level conditions persist. The stock has been in free fall for over a year, and it's hard to be optimistic unless Lyft can somehow attract price-sensitive customers.