Shares of ridesharing giant Lyft plunged 30 percent in intraday trading on Wednesday as investors expect short-term headwinds and surging gas prices to weigh heavily on the company's performance in the coming months.

Lyft Inc. stock dropped sharply after a disappointing second quarter outlook. Shares were down nearly 27% in pre-market trading.

Tech companies are responding to the leaked Supreme Court draft opinion, and we've got the latest on a man who scaled Salesforce Tower yesterday.

The ride-sharing app said it surpassed expectations for both revenue and operating earnings in the first quarter.

Stocks have been volatile in recent weeks, notching their worst start to the year since 1939. Between the war in Ukraine, decades-high inflation and recession fears, it's been difficult for investors to convince themselves to put more money into the market.

The tech industry has been blamed for San Francisco's homelessness problem, but it's also been a way out for a lucky few.

Wall Street and private businesses have funneled millions of dollars into anti-union tactics and lobbying, and they've gotten what they wanted: Union membership has been on a steady decline in the United States for the past four decades.

A glimpse at Lyft’s stock price Wednesday, which soared as much as 16.77% after first-quarter earnings were reported, suggested all was well in the ride-hailing company’s world. In this COVID 19-era, “well” is a relative term. Lyft’s net losses did dramatical…

A glimpse at Lyft's stock price Wednesday, which soared as much as 16.77% after first-quarter earnings were reported, suggested all was well in the ride-hailing company's world. In this COVID 19-era, "well" is a relative term. Lyft's net losses did dramatical…

Uber said it's cutting about 14% of its workforce as people either stay indoors or try to limit contact with others

Slashing costs as ridership falls. "There are some who will not get into a car for the next one to three years," one analyst said.

Slashing costs as ridership falls. "There are some who will not get into a car for the next one to three years," one analyst said.

Since the last global recession, the gig economy has transformed life around the world, shaking up transportation in cities, food delivery and even the way people think about housework. (Why hang a painting yourself when you can use TaskRabbit?)

The optimism that confounded many in April may be slipping in May, as stocks fell during Friday’s trading session and are down again this morning. The tech-heavy Nasdaq Composite is off 0.55% this morning, putting it 13% off its record highs set this year, bu…

U.S. stock futures bounce Wednesday after concerns about the unprecedented oil collapse wiped more than 1,200 points off the Dow this week.

Google always should have had its eye on Lyft, and now that Lyft's stock has been devastated, Google is in a position to buy. The post Lyft Stock Is Plunging – It’s Only a Matter of Time Until Google Gobbles It Up appeared first on CCN.com

Ride-hailing firms like Uber search for lifelinesOn Thursday, Uber told financial analysts that it couldn’t forecast how much revenue it would generate this year because of the upheaval caused by the coronavirus.

Medal is among a growing number of startups offering stock-for-salary trades to preserve cash as the tech industry reels and economic uncertainty mounts.

Hello and welcome back to our regular look at private companies, public markets and the gray space in between. This afternoon we’re digging into Lyft’s earnings results, unpacking the company’s performance, the market’s expectations and why shares in the Amer…

Lyft Inc on Tuesday reported record quarterly revenue of more than $1 billion, but the ride-hailing company forecast slower growth in the new year as ridership growth stagnated in the second half of 2019, sending shares down.

A German artist tricks Google Maps into seeing gridlock, and the market shows Elon Musk love.

Casper's IPO could spell bad news for other startups looking to go public this year. The company went public at a market capitalization that was less than half the $1.1 billion valuation venture investors gave it a year ago, and it raised far less money than …

RT @StockConsultant: $LYFT stock breakout , fill that upside price gap , see https://t.co/vCMCnO0fqm #investment #LYFT https://t.co/Aoyc9yb…

$LYFT stock breakout , fill that upside price gap , see https://t.co/vCMCnO0fqm #investment #LYFT https://t.co/Aoyc9ybmn1

Is There Any Hope Left for Lyft Stock? https://t.co/DEt7cxpFRU

#lyft stock is up and only going up from here. https://t.co/70GKLnUTWM

Is There Any Hope Left for Lyft Stock? https://t.co/EnyJs95RLU

$LYFT - Is There Any Hope Left for Lyft Stock? https://t.co/CQPNb8h0yW

$LYFT - Is There Any Hope Left for Lyft Stock? https://t.co/DsXDiAzqe6

Running the numbers on what $LYFT needs to do in order to make the stock work is actually super depressing https://t.co/1hjxspreTC

RT @chitchatmoney: Not So Deep Dive: Lyft Stock $LYFT - Second-place rideshare platform in NA - New CEO from $AMZN: can he turn things aro…

$LYFT trends in S&M and R&D spending efficiency The problems seem to stem from too much R&D...or is that just to keep them running in place? From this week's podcast episode covering the stock https://t.co/RRF87YMxmK https://t.co/k9HDFyZvMx

RT @chitchatmoney: Not So Deep Dive: Lyft Stock $LYFT - Second-place rideshare platform in NA - New CEO from $AMZN: can he turn things aro…

RT @chitchatmoney: Not So Deep Dive: Lyft Stock $LYFT - Second-place rideshare platform in NA - New CEO from $AMZN: can he turn things aro…

Not So Deep Dive: Lyft Stock $LYFT - Second-place rideshare platform in NA - New CEO from $AMZN: can he turn things around? - What are they spending R&D dollars on? - Is the stock cheap? Spotify: https://t.co/gAJnntSITB YouTube: https://t.co/9yPiXMxd5k

Went to @cvs for my meds. 2 of them not in stock. Trying to get a Lyft home & the wifi network is down. @cvs, ypu really need to get it together. Also there is no more jam! Grape OR strawberry

Good first step by $LYFT toward selling the ride sharing business by exploring the sale of the bike and scooter business.. take those funds and do a massive stock buyback. $UBER $GRAB https://t.co/7lDRCehzzD

What's Going On Lyft Stock Monday? https://t.co/8dxMX0rAD8 https://t.co/Sq6bnWTvMW

[Post 409] Uber’s stock growth is largely due to the demise of Lyft as a competitor, says DPCM’s Emil Michael https://t.co/aiTlrGgsfS

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They sayin Uber and Airbnb business models arent sustainable?? And they struggling still. I sold my Lyft stock after a year of holding for minor return. Imagine if these companies folded. #IndustryDisrupters

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$lyft Real-time stock analyst ratings and target your prices-... https://t.co/nYq3fgXKi0

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