PYMNTS-MonitorEdge-May-2024

profitability

Lyft’s Q3 Sees Boost In Revenue, Riders
Lyft’s Q3 Sees Boost In Revenue, Riders
October 31, 2019  |  Earnings

Lyft announced its Q3 earnings results, which showed a rise in revenue and ridership. The company reported Q3 revenue of $955.6 million versus $585 million...

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Lyft Stock Pops On News Of Faster Path To Profitability
Lyft Stock Pops On News Of Faster Path To Profitability
October 23, 2019  |  Investments

Lyft said it would turn a profit by the end of 2021, one year earlier than expected. Bloomberg reported that the news pushed the ride-hailing...

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Amazon Denies Algorithm Manipulation Claims
Amazon Denies Algorithm Manipulation Claims
September 16, 2019  |  Amazon

Amazon has responded to a recent story in The Wall Street Journal which claimed the eCommerce giant has changed its algorithm to benefit its profitability,...

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Luckin Stock Sinks 43 Pct Post-IPO
Luckin Stock Sinks 43 Pct Post-IPO
May 24, 2019  |  IPO

Shares in Luckin Coffee have fallen 39 percent after its initial public offering (IPO) as investors are worried about the company’s cash-burn strategy. Starbucks’ rival...

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Blue Apron CEO, CTO To Step Down For Greener Pastures
Blue Apron CEO, CTO To Step Down For Greener Pastures
April 03, 2019  |  Personnel

Blue Apron, the struggling meal kit provider, announced Tuesday (April 2) Brad Dickerson, president and CEO of the company, has decided to resign. Additionally, the...

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Snap Braces For Biggest Round Of Layoffs Yet
Snap Braces For Biggest Round Of Layoffs Yet
March 08, 2018  |  Personnel

Just like the photos and videos shared on its social platform, Snap employees are about to disappear as the company braces for another round of...

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Postmates Waves Goodbye to Community Managers
Postmates Waves Goodbye to Community Managers
March 27, 2017  |  Retail

With any business, there are a fair share of ups and downs. As such, there will likely always be a need to adjust staff and...

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