Lyft stock fell 29.9% on Wednesday as investors expected the firm to face short-term difficulties. After the bell on Tuesday, Lyft posted better-than-expected top and bottom-line results. However, because to rising gas prices, the business offered low second-quarter guidance and indicated it would have to continue spending on driver incentives,Continue Reading

The Securities and Exchange Commission of the United States is probing Didi following its tainted initial public offering, putting further more pressure on the Chinese ride-hailing behemoth. The SEC contacted Didi after the firm went public, according to the company’s annual report, which was released on Monday. Didi stated thatContinue Reading