Lyft unveils Waymo partnership as loss widens to $1.1 billion

Business May 8, 2019

Lyft unveils Waymo partnership as loss widens to $1.1 billion

Lyft said Tuesday its loss in the past quarter widened to $1.1 billion in the ride-hailing giant's first financial report as a public company, as it announced it was teaming up with former Google car unit Waymo on autonomous taxis. Revenue for California-based Lyft nearly ...

Rakuten's Hiroshi Mikitani set to be big winner in Lyft's impending initial public offering

Business / Financial Markets Mar 2, 2019

Rakuten's Hiroshi Mikitani set to be big winner in Lyft's impending initial public offering

by Devon Pendleton, Tom Metcalf and Anders Melin

A Japanese retail billionaire, rather than a Silicon Valley wunderkind, is the biggest beneficiary of Lyft Inc.'s impending initial public offering. Hiroshi 'Mickey' Mikitani's e-commerce group Rakuten Inc. owns 13.1 percent of the ride-hailing company, offering documents show. That would be worth more than $2.9 ...

Uber shifts policy for sexual misconduct claims; Lyft follows suit

Business May 16, 2018

Uber shifts policy for sexual misconduct claims; Lyft follows suit

Uber's ride-hailing service will give its U.S. passengers and drivers more leeway to pursue claims of sexual misconduct, its latest attempt to shed its reputation for brushing aside bad behavior. The shift announced Tuesday will allow riders and drivers to file allegations of rape, sexual ...