With the bull market still stampeding higher, the stock market is more expensive than at any time since just before the dot-com implosion in 2000.
Ridesharing company Lyft and artificial intelligence firm Anthropic said Thursday (Feb. 6) that they are working together to create AI products to serve Lyft's riders and drivers.
Lyft Inc. LYFT shares are trading higher on Friday.
Lyft said on Thursday it has tied up with Amazon and Alphabet-backed startup Anthropic to roll out artificial intelligence tools for the ride-hailing platform's customer care operations.
Lyft (LYFT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Lyft (LYFT) concluded the recent trading session at $13.81, signifying a +1.99% move from its prior day's close.
Lyft (LYFT 0.97%) has seen its share price decrease due to the increasing risk of driverless cars taking its market share.
Investors with an interest in Internet - Services stocks have likely encountered both Lyft (LYFT) and Shopify (SHOP). But which of these two companies is the best option for those looking for undervalued stocks?
In 3Q24, LYFT generated $1.52 billion in revenues, posting a growth of 31.52% y/y and 6.06% q/q. Net margin improved to -0.79% while FCF increased by 70% q/q. Strategic partnerships and initiatives, including collaborations with DoorDash and autonomous vehicle companies, will fuel LYFT's topline growth in FY2025. LYFT's profitability is likely to improve as the company embarks on other initiatives to reduce costs and improve revenue take-rates by reducing incentive expenses.
In the latest trading session, Lyft (LYFT) closed at $13.41, marking a -1.4% move from the previous day.
A federal judge on Thursday dismissed a lawsuit accusing Lyft of defrauding shareholders by waiting too long to correct a mistake in an earnings release about a key profit metric, an error that caused the ride-sharing company's stock price to gyrate wildly.