Technology
Lyft files to go public and now we know how much money it’s lost
Ride-hailing app Lyft filed its initial public offering for $100 million on Friday.
In its filing with the U.S. Securities and Exchange Commission, Lyft released its financial history for the first time. With the public disclosure we now know that for the past three years Lyft has been losing money … a lot of money.
Lyft pulled in revenue of $2.2 billion in 2018, but also recorded a net loss of more than $911 million.
Much bigger competitor Uber is expected to file its IPO later this month or next. Uber could go public with a $90-billion valuation.
This story is developing…
Every Samsung Galaxy Unpacked announcement, including S25 phones
10 Sundance films you should know about now
What drives John Cena? The ‘What Drives You’ host speaks out
‘The Brutalist’ AI backlash, explained
OnePlus 13 review: A great option if you’re sick of the usual flagships
‘Night Call’ review: A bad day on the job makes for a superb action movie
How ‘Grand Theft Hamlet’ evolved from lockdown escape to Shakespearean success
If TikTok is banned in the U.S., this is what it will look like for everyone else
‘One of Them Days’ review: Keke Palmer and SZA are friendship goals
‘Back in Action’ review: Cameron Diaz and Jamie Foxx team up for Gen X action-comedy
What’s new to streaming this week? (Dec. 27, 2024)
2025’s public domain works and how you can use them, from Popeye to ‘The Sound and the Fury’
The greatest ’90s films on Prime Video
How to watch ‘Wicked’ at home: Release date, streaming deals, and more
CES 2025 highlights: 12 new gadgets you can buy already
‘American Primeval’ review: Can Netflix’s grimy Western mini-series greatest ‘Yellowstone’?
Tesla launched the new Model Y in China. Here’s what you need to know
Eight ways Mark Zuckerberg changed Meta ahead of Trump’s inauguration
Meta ditches fact-checking for community notes ahead of second Trump term
Space calendar 2025: Here are the moments you won’t want to miss
Every Samsung Galaxy Unpacked announcement, including S25 phones
10 Sundance films you should know about now
What drives John Cena? The ‘What Drives You’ host speaks out
‘The Brutalist’ AI backlash, explained
OnePlus 13 review: A great option if you’re sick of the usual flagships
‘Night Call’ review: A bad day on the job makes for a superb action movie
How ‘Grand Theft Hamlet’ evolved from lockdown escape to Shakespearean success
If TikTok is banned in the U.S., this is what it will look like for everyone else
‘One of Them Days’ review: Keke Palmer and SZA are friendship goals
‘Back in Action’ review: Cameron Diaz and Jamie Foxx team up for Gen X action-comedy
-
Entertainment7 days agoWhat’s new to streaming this week? (Jan. 17, 2025)
-
Entertainment6 days agoExplainer: Age-verification bills for porn and social media
-
Entertainment6 days agoIf TikTok is banned in the U.S., this is what it will look like for everyone else
-
Entertainment6 days ago‘Night Call’ review: A bad day on the job makes for a superb action movie
-
Entertainment6 days agoHow ‘Grand Theft Hamlet’ evolved from lockdown escape to Shakespearean success
-
Entertainment6 days ago‘September 5’ review: a blinkered, noncommittal thriller about an Olympic hostage crisis
-
Entertainment6 days ago‘Back in Action’ review: Cameron Diaz and Jamie Foxx team up for Gen X action-comedy
-
Entertainment6 days ago‘One of Them Days’ review: Keke Palmer and SZA are friendship goals
