LYFT - Lyft, Inc.
| Previous Close | 45.06 |
| Open | 45.00 |
| Bid | 45.20 x 3100 |
| Ask | 45.24 x 1800 |
| Day's Range | 44.17 - 45.45 |
| 52 Week Range | 37.07 - 88.60 |
| Volume | 5,046,558 |
| Avg. Volume | 6,788,303 |
| Market Cap | 13.456B |
| Beta (3Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -6.66 |
| Earnings Date | Oct 30, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 67.70 |
- Yahoo Finance Video
Uber: 3,045 sexual assaults in U.S. rides reported last year
In a new safety report, Uber reveals the company has received over 3,000 reports of sexual assault related to its 1.3 billion rides in the United States last year. Yahoo Finance's Zack Guzman, Emily McCormick and Alexis Keenan discuss with Strictly Cookies CFO Courtney Comstock.
- Yahoo Finance
20 businesses that died in the 2010s
Yahoo Finance takes a look back at some of the biggest corporate busts of the last decade.
- Zacks
Tax Loss Harvesting & Capital Gains: What ETF Investors Should Know
We discuss some smart tax moves investors should consider before the end of the year.
- Zacks
Autonomous Vehicles Aim New Highs With Driverless Tests
Alibaba (BABA)-backed AutoX applies for testing its self-driving vehicles, without in-car driver backup, thereby stirring competition in the autonomous-vehicle tech space.
- TheStreet.com
The Long-Term Argument for Buying Uber and Lyft Can be Summed Up in One Word
The way that the two ride-sharing giants have managed to expand the market for rides is the key to understanding their appeal to some.
- Financial Times
Uber and Airbnb earn praise for headway on customer safety
Gig economy companies are finally starting to take more responsibility for the safety of their customers, campaigners say, after drastic moves from Uber and Airbnb this week. The figures shocked some observers, but the increased transparency won Uber praise from campaigners against sexual assault. “Sexual assault is vastly under-reported, and this is a groundbreaking step in raising awareness and encouraging survivors to share their stories,” said the National Network to End Domestic Violence, a US campaign group.
- Bloomberg
Uber Reports 3,000 Sexual Assault Claims Last Year in Its Safety Review
(Bloomberg) -- Uber Technologies Inc. found more than 3,000 allegations of sexual assaults involving drivers or passengers on its platform in the U.S. last year, part of an extensive and long-awaited review in response to public safety concerns.The ride-hailing company released an 84-page safety report Thursday, seeking to quantify the misconduct and deaths that occur on its system and argue that its service is safer than alternatives.U.S. customers took about 1.3 billion trips last year, Uber said. About 50 people have died in Uber collisions annually for the past two years, at a rate about half the national average for automotive fatalities, according to the company. Nine people were killed in physical assaults last year, Uber said.Uber drivers reported nearly as many allegations of sexual assault as passengers, who made 56% of the claims. There is little comparable data on assaults in taxis or other transportation systems, and experts have said the attacks are widely under-reported. The assault claims reported to Uber ranged from unwanted kissing to forcible penetration.“Uber is very much a reflection of society,” said Tony West, Uber’s chief legal officer who helped spearhead the two-year research effort. “The sad, unfortunate fact is that sexual violence is more prevalent in our society than people think. People don’t like to talk about this issue.”Uber had committed more than a year ago to release a safety study, a promise Lyft Inc. made soon after. Lyft, the second-biggest ride-hailing provider in the U.S., has yet to publish a report. On Thursday, Uber said it would regularly share data with Lyft and other companies about drivers accused of serious safety lapses and continue publishing safety reports every two years.Uber has faced a steady stream of complaints in court across the country over driver misconduct, and Lyft has recently seen an explosion in legal claims by passengers. Just in California, at least 52 riders have sued Lyft this year over allegations they were assaulted or harassed by their drivers, according to filings reviewed by Bloomberg.“We remain committed to releasing our own safety transparency report and working within the industry to share information about drivers who don’t pass our initial or continuous background checks or are deactivated from our platform,” Lyft spokeswoman Alexandra LaManna said in a statement.Any number of deaths or violence is a reminder of the risks inherent to taking a ride with a stranger and the limited oversight the company has over what occurs. By publishing the data, Uber is taking an unusual step for a company, by drawing attention to the dangers of its product. The stock fell about 1.5% in extended trading after Uber put out the report.Uber shares had already fallen more than 35% from its May initial public offering through Thursday’s close. Its largest shareholder is Japan’s SoftBank Group Corp., which has struggled with its bets on Uber, WeWork and other startups in recent months.Uber has faced similar complaints in countries beyond the U.S. The company was sued in 2017 by a woman who alleged top executives violated her privacy after one of its drivers in India allegedly raped her.Regulators in London cited uncertainty about Uber’s ability to ensure the well-being of its passengers as a reason they revoked the company’s license to operate there last week. Uber will be able to continue operating in the U.K. capital as it appeals the decision. Dara Khosrowshahi, the chief executive officer, said at an event earlier this week that “a precursor to trust is transparency.”According to the study, the proportion of assaults to total trips decreased by 16% last year as Uber implemented new safety tools, such as contacting drivers and customers when the system identifies unusual activity, as well as adding a button to dial 9-1-1 from the app. “I do think Uber is one of the safest ways to get from point A to point B,” said West.Uber disclosed five categories of sexual assault allegations. In 2018, Uber received 1,560 reports of non-consensual touching of a sexual body part, 594 reports of non-consensual kissing of a non-sexual body part, 376 reports of non-consensual kissing of a sexual body part, 280 reports of attempted non-consensual sexual penetration and 235 reports of non-consensual sexual penetration.The extent of sexual misconduct, while staggering, isn’t unique to Uber, said Ebony Tucker, executive director at Raliance, an advocacy and consulting firm focused on preventing sexual violence. Uber’s findings “didn’t surprise any of us,” she said. “Sexual assault is pervasive. It’s everywhere.”Counting assaults is a complicated exercise. Only about a third of claims the company received about penetration without consent were reported to the police, Uber estimated. In about a quarter of cases, Uber said its team didn’t successfully communicate with the victim after the initial report. Women reported 89% of the rape allegations, the company said.Uber opted not to disclose many other troubling forms of sexual misconduct that it had previously identified as possible reporting categories. For instance, the company didn’t say how many times drivers and riders made inappropriate comments to one another, nor did it disclose incidents of indecent exposure.But advocates for victims of sexual violence called the decision to release data a potential watershed moment. “It’s really unprecedented for a company to collect this kind of systematic data over time and then share it with the public,” said Karen Baker, chief executive officer of the National Sexual Violence Resource Center, which advised Uber on the study. Baker said she has urged other companies in the hospitality and transportation industries in the U.S. to follow suit.Both Baker and Uber’s legal chief said the company may see an increase in reports of sexual misconduct in the future. That would actually be a positive sign, Baker said, because it would reflect victims’ confidence that their claims would be taken seriously.(Updates with Lyft statement in eighth paragraph.)\--With assistance from Robert Burnson.To contact the reporters on this story: Eric Newcomer in San Francisco at enewcomer@bloomberg.net;Lizette Chapman in San Francisco at lchapman19@bloomberg.netTo contact the editors responsible for this story: Mark Milian at mmilian@bloomberg.net, Anne VanderMeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Financial Times
Uber discloses almost 6,000 incidents of sexual assaults in US
An average of eight people reported sexual assaults while using Uber’s service each day in the US, according to a first-of-its-kind safety report released by the car-booking app on Thursday. While the numbers are difficult to put in context for a service that offers more than 3m trips a day, the raw figures are jarring: in 2018 Uber reported 3,045 incidents of sexual assault in the US, ranging from non-consensual kissing to non-consensual sexual penetration. Sexual assault of the most serious kind occurred 235 times last year — more than four times a week.
- Zacks
Beyond Meat Strikes Costco Deal: Should Investors Buy BYND Stock?
Beyond Meat (BYND) announced Thursday that its plant-based burger patties would appear in select Costco (COST) stores.
- Zacks
Peloton (PTON) Stock Tries to Rebound After Commercial Backlash
Peloton (PTON) was down over 9% at one point in Tuesday's trading after it faced scrutiny over its new holiday commercial.
- American City Business Journals
Lyft sued by more than 20 women for ongoing sexual assaults
A new lawsuit alleges the company tried to "conceal" knowledge of a pattern of sexual abuse committed by its drivers.
- Financial Times
Holed up with Huawei
Li Hongyuan was at the company for 13 years before being accused of extortion and then being incarcerated by police. The court said there was insufficient evidence against him and awarded him Rmb108,000 ($15,000) in compensation. Huawei has defended its right to report suspected illegal activity to the authorities.
- Insider Monkey
Here is What Hedge Funds Think About Lyft, Inc. (LYFT)
"Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]
- Financial Times
FirstFT: Today’s top stories
FT subscribers can click here to receive FirstFT every day by email. Nearly two-thirds of Americans say this year’s record-setting Wall Street rally has had little or no impact on their personal finances, ...
- Financial Times
Lyft faces claim it failed to protect female passengers
Nineteen women claimed in a lawsuit on Wednesday to have been raped or sexually assaulted while using Lyft, the ride-hailing app which the women say has not done enough to screen drivers or protect vulnerable passengers. A lawsuit on behalf of the women was filed in a California court by Estey & Bomberger, a law firm that has already once sued Lyft and previously sued Uber on similar allegations. The latest suit claims that Lyft has lax safety standards and fails to monitor drivers.
- Quartz
Uber’s free-wheeling era of growth is coming to an end
Uber never managed to turn a reliable profit in a decade of loose oversight. Things will get even tougher as regulations crack down.
- Yahoo Finance
Bill fighting robocalls will have consequences for companies like Uber
Washington is set to take on the problem of “call spoofing,” but what will it mean for businesses that use the technique for legitimate reasons?
- Yahoo Finance
Why the 2010s were a decade divided
America is a nation at odds with itself, a state of affairs that has come to pass mostly over the previous 10 years.
- GlobeNewswire
Lyft Co-Founder and Chief Executive Officer to Keynote at the Credit Suisse 23rd Annual Technology Conference
SAN FRANCISCO, Dec. 02, 2019 -- Lyft, Inc. (Nasdaq:LYFT) announced today that Logan Green, Co-Founder and Chief Executive Officer, will keynote at the Credit Suisse 23rd Annual.
- GuruFocus.com
Uber Can't Spend Its Way Out of Economic Reality
The ride-sharing company is priced as if it will have immense pricing power; the reality is that the industry is headed toward commodity pricing Continue reading...
CBS News VideosEye Opener at 8: Lyft sued by 19 women
A look back at what we've been covering on "CBS This Morning."
- CBS News Videos
Lyft sued by 19 women who allege they were harassed or raped by drivers
Ride-share giant Lyft is defending its commitment to safety after 19 women allege they were sexually harassed, abused or raped by Lyft drivers. A lawsuit filed Wednesday says the company’s “response to this sexual predator crisis amongst Lyft drivers has been appallingly inadequate." Jamie Yuccas reports.
