Lyft posts US$1.1 billion loss in Q1
Lyft is the second-largest ride-hailing service behind Uber and claims more than 20.5 million active riders. – EPA pic, May 8, 2019.
LYFT said yesterday its loss in the past quarter widened to US$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 doubled from a year earlier to US$776 million and the number of active riders grew to more than 20.5 million.
Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump tax returns from 1985-94 show US$1 bln in lossesTrump lost so much money that he was able to avoid paying income taxes for eight of the 10 years.
Read more »
US DoJ to take possession of US$1.7mil jewellery linked to Jho Low's mumPETALING JAYA: Fugitive businessman Low Taek Jho, also known as Jho Low, says he is looking forward to resolving claims related to jewellery worth US$1.7mil (RM7.02mil) that was purportedly given to his mother Evelyn Goh.
Read more »
DOJ: 'Custodian' to return Jho Low's mum's diamond earrings, ringIn its latest court filing, the US agency does not name the keeper of the US$1.7m 1MDB-linked jewellery.
Read more »
Missile contracts surge as US exits arms treaty: StudyGENEVA: Washington has signed more than US$1 billion in new missile contracts in the three months since it announced plans to withdraw from a key Cold...
Read more »
Jho Low aims to resolve mum’s jewellery claimsPETALING JAYA: Fugitive businessman Low Taek Jho, also known as Jho Low, says he is looking forward to resolving claims related to jewellery worth US$1.7mil (RM7.02mil) that was purportedly given to his mother Evelyn Goh Gaik Ewe.
Read more »
Malaysia expects to soon recoup US$7 billion stolen from 1MDB, says PM | The Malaysian InsightUS, Singapore giving it back because they know it's our money, says Dr Mahathir.
Read more »
HSBC profits leap 31% in Q1 | The Malaysian InsightLondon-based behemoth cuts operating expenses by 12%.
Read more »
US, Singapore to return US$200 million in 1MDB-linked funds | The Malaysian InsightMoney allegedly misappropriated from state investor may be transferred to Malaysia as soon as next week, says Bloomberg.
Read more »
Zahid blames ‘hate culture’ for BN’s GE14 loss | The Malaysian InsightUmno president says party’s victory obvious but voters duped by Pakatan Harapan’s promise to lower cost of living.
Read more »