Heard on the Street: Ride-share giant Lyft is gassing up to amass a loyal customer base, but the payoff looks uncertain
Laura FormanLyft is accelerating at warp speed, but what happens if its loyal riders have to pump the brakes?
Ride-sharing app Lyft is slated to commence trading on Friday with a market value of roughly $24 billion at its initial public offering price. That paints a very bullish picture of future consumer spending for a company that last year posted a loss greater than any other U.S. company in the 12 months ahead of its public offering.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lyft and Uber's European rivals are trying to make money before going publicEuropean ride-hailing and carpooling start-ups are more focused on profitability than their U.S. counterparts.
Read more »
Lyft to investors: We'll get to 20% margins...somedayLyft is expected to price its shares above the target range for its initial public offering, which is expected on Friday.
Read more »
Lyft Prices IPO at $72, the Latest Move In Its Money-Raising Battle With UberLyft, the ride-hailing underdog whose survival was once in doubt, priced its IPO at $72 a share in what could be one of the hottest initial public offerings of the year.
Read more »
Lyft prices IPO at $72 per share: SourceLyft IPO priced ahead of Nasdaq debut expected Friday.
Read more »
Lyft prices IPO at $72 per shareLyft IPO priced ahead of Nasdaq debut expected Friday.
Read more »
Lyft valued at $24.3 billion in first ride-hailing IPOLyft Inc was valued at $24.3 billion in the first initial public offering (IPO) ...
Read more »
Lyft raises IPO price target as investor fret over missing outLyft Inc on Wednesday raised the price range for its initial public offering, as...
Read more »
Lyft can retain drivers with its new driver-focused debit card“Lyft Driver Services” includes financial tools like a no-fee bank account and debit card, as well as discounts on rental cars and vehicle maintenance:
Read more »
Pinterest has spent $309 million on Amazon's cloud since 2017 as part of a $750 million contractPinterest, like Lyft, is under a massive Amazon Web Services contract.
Read more »