Lyft's soft forecast fans worries of losing ground to Uber, shares tank
Lyft's shares tanked 16% on Wednesday after a soft forecast for the key summer quarter stirred worries that it may be losing ground to rival Uber.
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Lyft's shares tanked 16% on Wednesday after a soft forecast for the key summer quarter stirred worries that it may be losing ground to rival Uber.
August 07, 2024Uber's second-quarter results beat Wall Street estimates on the back of steady demand for its ride-sharing and food-delivery services, sending the company's shares up 5% on
August 06, 2024Meta Platforms is expected to report a 20% rise in quarterly revenue, helped by strong ad sales driven by the Olympics and elections in several countries, but investors
July 30, 2024OpenAI is venturing into a territory long dominated by Google with the selective launch of SearchGPT, an artificial intelligence-powered search engine with real-time access
July 25, 2024Google-parent Alphabet is expected to report a nearly 14% rise in quarterly revenue, its fourth straight quarter of double-digit growth, driven by steady demand for its
July 22, 2024News outlet CNN will cut about 100 jobs as part of a plan to consolidate news operations and bolster its digital business, according to an internal memo seen by Reuters on
July 10, 2024Uber will pay $1,000 in credits to certain commuters in the U.S. and Canada who ditch their cars for five weeks in favor of public and other transport services, it said on
June 27, 2024Shopify made its artificial intelligence-powered tools, including the Sidekick assistant and image-generation feature, available to more users on Monday, in a bid to
July 03, 2024Apple iPhone sales likely rose 3% in the key holiday period, the best growth in five quarters, but analysts expect a tough year for the company in China, where it faces
January 31, 2024Microsoft is expected to report a 15.8% jump in quarterly revenue, its best growth in nearly two years, as rising adoption of its products infused with generative AI fuels
April 26, 2024Ride-hailing giant Uber on Tuesday predicted strong holiday-quarter demand would drive up profits more than analysts expect, after accounting changes hampered growth
November 07, 2023Apple investors will have one big question when the world's most valuable company reports earnings on Thursday - will Huawei's resurgence in China dampen its holiday-
April 26, 2024Apple on Monday unveiled a range of AI-enabled features and software enhancements for its devices, including the iPhone, in a bid to bolster sagging sales.
June 10, 2024Lyft is targeting a 15% annual increase in gross bookings through 2027, the ride-hailing firm said at its inaugural investor day event, adding that its nascent advertising
June 24, 2024Shares of Dell Technologies hit a record high on Friday amid a rally in companies working on generative artificial intelligence applications, buoyed by strong optimism for
June 10, 2024Uber posted a surprise quarterly loss and forecast gross bookings below Wall Street expectations, sending its shares down 9% and putting the ride-share and food delivery
May 22, 2024Ride-hailing company Lyft projected higher-than-expected gross bookings and core profit for the current quarter on Tuesday, driven by robust demand for its services and
May 07, 2024Apple's plan to add generative AI to its iPhones and revive sagging sales in the crucial Chinese market will be in focus on Thursday, when the tech giant is expected to
May 16, 2024Three of the Wall Street's heavyweight technology firms have reported better-than-expected sales at their cloud computing units in recent days, as interest in artificial
May 16, 2024