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 company’s shares up 9 percent on Tuesday (Oct. 22). The company said it has been focusing more on profitable growth,...
February 21, 2020
New York Attorney General Letitia James announced plans to sue New York City for allegedly fraudulent practices by its Taxi and Limousine Commission (TLC), according to reports on Thursday (Feb. 20). James accused the agency of running a scheme on taxi drivers that created a “trapdoor of despair” and is asking for $810 million. “Government […]
October 23, 2019
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 company’s shares up 9 percent...
