Articles tagged “ride share”

Lyft Posts Big Gains in Public Debut As It Continues to Lose Money

Lyft Posts Big Gains in Public Debut As It Continues to Lose Money

Olivia Zaleski and Eric Newcomer, Bloomberg

Lyft lost $911 million on revenues of $2.2 billion last year. Yet its stock closed up more than 8 percent on the day of its IPO. What a world.

6 months ago

Why Car Rental Companies Won’t Go Out of Business Anytime Soon

Why Car Rental Companies Won’t Go Out of Business Anytime Soon

Justin Fox, Bloomberg

Yes, consumers — even business travelers — like to use ridesharing apps. But corporate travelers are still renting plenty of cars and paying hefty prices for them. Sometimes, that's still the best way to get around.

1 year ago