Lyft

Uber CEO Dara Khosrowshahi
Richard Drew/AP
May 13, 2019 - 11:40 am
NEW YORK (AP) — Uber shares were down 8% in morning trading and dipped below $38 after the opening bell. Monday was the first full day of trading for the ride-hailing company after its rocky debut on the stock market Friday. Its shares had been priced at $45 each. It's rare to see shares in a tech...
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FILE - In this Wednesday, May, 8, 2019 file photo, drivers for ride-hailing companies Uber and Lyft hold a rally at a park near Los Angeles International Airport.
Damian Dovarganes/AP Photo
May 11, 2019 - 4:37 pm
SAN FRANCISCO (AP) — A fare war between Uber and Lyft has led to billions of dollars in losses for both ride-hailing companies as they fight for passengers and drivers. But in one way it has been good for investors who snatched up the newly public companies' stock: The losses have scared off the...
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The statue of Fearless Girl stands in front of the New York Stock Exchange before Uber, the world's largest ride-hailing service, holds its initial public offering, Friday, May 10, 2019.
Mark Lennihan/AP Photo
May 10, 2019 - 12:51 pm
By Cathy Bussewitz, Michael Liedtke and Tom Krisher AP Business Writers NEW YORK (AP) — Uber began trading as a public company at $42 per share Friday, nearly 7% below its initial public offering price on an already volatile day for the markets. The ride-hailing giant sold shares in the IPO at $45...
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Jonathan Harris and Christina Kraft
Montgomery County District Attorney's Office/Facebook
Jim Melwert
May 09, 2019 - 12:11 pm
UPDATED: 6:40 p.m. PHILADELPHIA (KYW Newsradio) — It took jurors about 5 1/2 hours to find the man who killed a model in her Ardmore condo guilty of first-degree murder. Jonathan Harris showed little reaction as the verdict was read and he was found guilty of first-degree murder, kidnapping and...
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Philadelphias Uber hub near PHL airport
Tim Jimenez/KYW Newsradio
Tim Jimenez
May 08, 2019 - 6:46 am
UPDATE: 1:48 p.m. PHILADELPHIA (KYW Newsradio) — Unions representing Uber and Lyft drivers are calling a national day of action on Wednesday, pushing for many of those drivers to stay off the road, and encouraging riders to do the same. Philadelphia drivers gathered to protest at the Uber hub near...
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Lyft said Tuesday it lost $1.14 billion in the first three months of the year, primarily due to stock-based compensation and other expenses connected to its initial public offering.
Scott Olson/Getty Images via CNN
May 07, 2019 - 6:56 pm
By Seth Fiegerman, CNN Business (CNN) -- Lyft said Tuesday it lost $1.14 billion in the first three months of the year, primarily due to stock-based compensation and other expenses connected to its initial public offering. With those costs excluded, Lyft's net loss for the quarter was $211.5...
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Jonathan Harris and Christina Kraft
Montgomery County District Attorney's Office/Facebook
Jim Melwert
May 07, 2019 - 1:40 pm
UPDATED: 5:35 p.m. ___ NORRISTOWN, Pa. (KYW Newsradio) — Jurors in the trial of a Philadelphia man accused of murdering a one-time Playboy model in her Ardmore condo last summer heard from the man who was the last one to see the two before she was killed. Jurors watched video Tuesday of Christina...
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Police Light Generic
Dreamstime
May 04, 2019 - 9:39 am
PHILADELPHIA (KYW Newsradio) -- Newark Police say a man pretending to be a driver for a ride-hailing service held a woman at knifepoint and sexually assaulted her near the University of Delaware. Authorities say the 21-year-old victim was walking near South Chapel Street and Delaware Avenue around...
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Uber app
Richard Drew/AP, file
April 26, 2019 - 1:45 pm
NEW YORK (AP) — Ride-hailing giant Uber is aiming to raise $9 billion in its mammoth initial public stock offering that, while smaller than initially expected, still dwarfs most stock market debuts. The San Francisco-based company expects to be valued at $80.5 billion to $91.5 billion, falling well...
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In this Tuesday, Jan. 31, 2017, file photo, the Slack app is displayed on a mobile phone in New York.
Mark Lennihan/AP Photo, File
April 26, 2019 - 12:15 pm
NEW YORK (AP) — Work messaging platform Slack is taking the next step in filing to go public, the latest in several highly anticipated tech IPOs. In documents posted with the Securities and Exchange Commission Friday, Slack Technologies Inc. says it posted a loss of $138.9 million on revenue of $...
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