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☆ Cramer's gig economy roundup: Where he stands on Uber, Lyft, DoorDash and Instacart
▼ + stars: | 2024-05-13 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Monday provided his take on four major stocks in the gig economy sector: Uber , Lyft , DoorDash and Instacart parent Maplebear . "After hearing from all of these companies, what I see is a confusing situation: Uber, DoorDash and Instacart are all lower after earnings, while Lyft managed to gain a bit of ground," he said. Uber: Cramer said Uber's recent quarter yielded solid results, but the ride-share company did report some weakness in bookings. Lyft: Lyft reported a good quarter, and Cramer noted that, unlike competitor Uber, it actually saw higher-than-expected bookings. AmazonUber, Lyft, DoorDash and Maplebear did not immediately respond to a request for comment.

Persons: CNBC's Jim Cramer, Lyft, Uber, Cramer, that's, he's, David Risher, Maplebear

☆ Lyft CEO David Risher on Q1 results: Customer obsession drives profitable growth
▼ + stars: | 2024-05-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLyft CEO David Risher on Q1 results: Customer obsession drives profitable growthLyft CEO David Risher joins 'Squawk Box' to discuss the company's quarterly earnings results, impact of company partnerships, strength of the consumer, and more.

Persons: David Risher

☆ Lyft CEO David Risher on refocusing the company: Customer obsession leads to profitable growth
▼ + stars: | 2024-04-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLyft CEO David Risher on refocusing the company: Customer obsession leads to profitable growthDavid Risher, CEO of Lyft, joins CNBC's 'The Exchange' to share his growth targets for the company, reactions from customers, and more.

Persons: David Risher

☆ Looking for dividend income? Jim Cramer says consider this beverage giant's stock
▼ + stars: | 2024-02-14 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Overall, it was an "unbelievably good quarter," Jim said. Coca-Cola : The beverage giant's fourth-quarter earnings met Wall Street expectations, while sales exceeded analyst projections. I think that stock works its way higher over time," Jim said. Meanwhile, Uber announced a $7 billion stock buyback program, which Jim called "really nice." It was a very good quarter," Jim said.

Persons: Jim Cramer, Harley Finkelstein, Jim, David Risher's, Uber, Kraft, Oscar Mayer Organizations: Management, Kraft Heinz, Robinhood

☆ Lyft CEO takes blame for 'extra zero that slipped' into earnings release
▼ + stars: | 2024-02-14 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Lyft CEO David Risher took responsibility for the major error that appeared in the company's fourth-quarter earnings release late Tuesday, telling CNBC's "Squawk Box" that it's "super frustrating" for everyone on the team. It is an extra zero that slipped into a press release." Lyft reported $1.22 billion in revenue for the quarter, an increase of 4% from $1.175 billion a year earlier. In a note titled, "Lyft: We all make mistakes," analysts at MoffettNathanson raised their rating on the shares to neutral from sell. "Typos aside, we too are guilty of a mistake," the analysts wrote, citing their downgrade on the stock in October.

Persons: David Risher, CNBC's, Lyft, Erin Brewer, Risher, we've, Gross, MoffettNathanson, — CNBC's Ari Levy

☆ Lyft CEO David Risher on Q4 results, earnings report error and Taylor Swift effect
▼ + stars: | 2024-02-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLyft CEO David Risher on Q4 results, earnings report error and Taylor Swift effectLyft CEO David Risher joins 'Squawk Box' to discuss the company's quarterly earnings results, how the error was made in its earnings report, the Taylor Swift effect, consumer demand, and more.

Persons: David Risher, Taylor Swift

☆ Lyft CEO says 'unacceptable' earnings error was 'my bad'
▼ + stars: | 2024-02-14 | by ( Ana Altchek | ) www.businessinsider.com time to read: +2 min

Lyft CEO David Risher apologized for a typo that led to a 60% stock surge. AdvertisementLyft's CFO can breathe easy — her boss isn't making her the fall person for a major earnings typo. "There are a lot of eyes on this press release, but at the end of the day, my bad." "It's an unacceptable error," Risher said. Within seconds of realizing the error, the CEO said Lyft quickly corrected the mistake.

Persons: David Risher, Risher, —, isn't, Lyft, Erin Brewer, it's Organizations: Service, Bloomberg, Wall

☆ Everyone needs an editor. Lyft just learned it the hard way
▼ + stars: | 2024-02-14 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

That goes for MBAs as much as MFAs, and it’s a lesson Lyft executives learned the hard way on Tuesday, when an errant zero sent its stock (briefly) to the stratosphere. The Lyft typo came in an earnings report that stated, incorrectly, that the company’s estimated gross margin would expand by 500 basis points, which would amount to a stunning five-percentage-point bump. The stock shot up more than 60% before Lyft’s CFO corrected the error on a call with analysts, bringing the stock back to Earth. With the error in the rear view, Lyft shares were up up 30% Wednesday, bolstered by stronger-than-expected earnings and a rosy outlook for future cash flows. “Look, it was a bad error, and that’s on me,” Lyft CEO David Risher told CNBC on Wednesday.

Persons: CNN Business ’, History’s, —, Arthur C, Clarke, Galena Biopharma, King Charles I, ”, David Risher Organizations: CNN Business, New York CNN, MBAs, Citibank, Citi, Mizuho Securities, NASA, New York Times, Bangladesh Bank, Reuters, Maine, SEC, CNBC Locations: New York, Mizuho, Galena

☆ Lyft shares jump on earnings beat, guidance
▼ + stars: | 2024-02-13 | by ( Ari Levy | ) www.cnbc.com time to read: +2 min

Lyft shares rose in extended trading on Tuesday after the ride-hailing company reported better-than-expected earnings and gave guidance that topped estimates. Revenue: $1.22 billion, vs. $1.22 billion expected by analysts, according to LSEG. Gross bookings for the first quarter will be $3.5 billion to $3.6 billion, topping analyst estimates of $3.46 billion, according to StreetAccount. Gross bookings for the year increased 14% to $13.8 billion, while bookings for the quarter rose 17% to $3.7 billion. Prior to Tuesday's report, Lyft shares were down 19% to start 2024.

Persons: Lyft, Gross, Uber, David Risher Organizations: Los Angeles International Airport, Revenue, Tuesday's Locations: Los Angeles, LSEG

☆ Lyft says it's going to give some of its drivers a pay bump
▼ + stars: | 2024-02-07 | by ( Jacob Zinkula | Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Lyft reported that drivers, on average, took home 88% of rider payments after external fees. AdvertisementIn recent months, several Uber and Lyft drivers have told BI that ride-hailing has become less profitable than it used to be. Lyft also noted that drivers can now see the breakdown of how each rider's payments are split between drivers, Lyft, and external fees. Still, 94% of Lyft drivers only drive less than 20 hours a week and use driving to supplement other income. In November 2023, Lyft agreed to pay $38 million to settle claims that it improperly collected some fees and taxes from New York drivers — Uber agreed to pay $290 million.

Persons: Lyft, —, David Risher, Sergio Avedian, Uber, Guy, Avedian, he's, Kara Swisher, Dara Khosrowshahi, — Uber Organizations: Service, Drivers, Cleveland Uber, New, New York State, Elite, EV Locations: Cleveland, New York City, Seattle , California, New York, Minneapolis , Chicago, Massachusetts

☆ Lyft CEO David Risher talks the company's on-time pickup promise
▼ + stars: | 2023-11-30 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLyft CEO David Risher talks the company's on-time pickup promiseLyft CEO David Risher sits down with Jim Cramer to talk consumer trends, the new 'women + connect' mode, Lyft's outlook for the future and more.

Persons: David Risher, Jim Cramer

☆ Lyft CEO David Risher goes one-on-one with Jim Cramer
▼ + stars: | 2023-11-30 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLyft CEO David Risher goes one-on-one with Jim CramerLyft CEO David Risher sits down with Jim Cramer to talk consumer trends, the new 'women + connect' mode, Lyft's outlook for the future and more.

Persons: David Risher, Jim Cramer

☆ Lyft CEO touts success of airport 'on-time pickup promise' for riders
▼ + stars: | 2023-11-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Lyft CEO David Risher told CNBC's Jim Cramer on Thursday said he's bullish on the company's "on-time pickup promise" program, which was launched before the busy holiday travel season. If we are more than ten minutes late, we will pay you up to $100 in Lyft cash." Risher said over the past few weeks, Lyft has given 2.5 million rides to the airport and only had to reimburse 72 rides for late pick-ups. "We just saw the results, just yesterday, of our most recent [employee satisfaction survey]," he said. "What that tells you is that the thousands and thousands – 3000 plus team members who work for Lyft – are starting to believe.

Persons: David Risher, CNBC's Jim Cramer, he's bullish, Risher, Lyft, Uber, Lyft –

☆ The president of Lyft shares how she learned to trust her instincts — and the Taylor Swift song she listens to before difficult meetings
▼ + stars: | 2023-11-27 | by ( Josée Rose | ) www.businessinsider.com time to read: +10 min

She has Slacked senior women leaders "The Man" by Taylor Swift as a reminder of "you got this." She was its first general counsel, helped take the company public, and was named president this July. As you learn who the Lyft customer is, what do you want to change and make better for them? I really say, "Have the courage of a mediocre white male." And this was tough to hear, but in some ways heartening, because like I said, with our new customer obsessed orientation, it's actually something that we've already been really, really actively working on.

Persons: Kristen Sverchek, Taylor Swift, —, she's, It's, Sverchek, David, Risher, that's, gee, what's, Lyft, we've, We've, Slack, undergrad, Lindsay Llewellyn, who's, I've, we're Organizations: Service, Business, Berkeley Law Locations: Lyft

☆ Lyft CEO: Our real focus is on riders and drivers
▼ + stars: | 2023-11-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLyft CEO: Our real focus is on riders and driversLyft CEO David Risher joins 'Squawk on the Street' to discuss whether the company can continue to price aggressively, how the company's focus on the consumer plays into the profitability outlook, and more.

Persons: David Risher

REUTERS/Mike Blake/File Photo Acquire Licensing RightsNov 6 (Reuters) - Lyft's (LYFT.O) price cuts may have helped the ride-hailing firm make a small dent in Uber's (UBER.N) U.S. market share, but not enough to prevent the bigger rival from reporting its second quarterly operating profit. Reuters GraphicsFor Lyft, which under new boss David Risher has signaled a more aggressive pricing strategy, market share wins have been slow. Lyft's share has risen just 200 basis points to 29% since January, when the price war started, YipitData said. "If Uber wants to take more market share quicker from Lyft, it could lower prices. Reuters GraphicsBut Uber's growth has slowed.

Persons: Mike Blake, Lyft, David Risher, YipitData, Uber, Adam Ballantyne, that's, Christopher Vandergrift, Akash Sriram, Shinjini Organizations: San Diego State University, REUTERS, Reuters, Cambiar Investors, Columbia Threadneedle Investments, Thomson Locations: San Diego , California, U.S, Bengaluru

☆ I am a food delivery and rideshare driver who advocates for thousands of gig workers. I follow these steps to prevent apps from firing me.
▼ + stars: | 2023-11-05 | by ( Nancy Luna | ) www.businessinsider.com time to read: +8 min

Dozens of gig drivers say they are getting fired from apps like Uber, DoorDash, Lyft, and Uber Eats. AdvertisementAdvertisementFood delivery and rideshare drivers say they are getting booted off apps like Uber and DoorDash in droves. Avedian, a multi-app gig driver who shares his best practices on The Rideshare Guy , said he receives about 1,000 emails each week from gig workers seeking his advice. The 56-year-old former Wall Street broker estimates he has logged about 12,000 trips over eight years driving for DoorDash, Uber, Uber Eats, and Lyft. AdvertisementAdvertisementHe spoke with Insider and shared his best tips for preventing gig drivers from getting fired from apps.

Persons: Uber, Sergio Avedian, Guy, —, Grubhub, DoorDash, Lyft, Avedian, David Risher, Biden, Trump, Mario Andretti, I'm Organizations: Service, Wall, DoorDash, Guy YouTube, Money, Cannabis Locations: Los Angeles, Russian, that's

☆ Tech Industry Made Americans Lonelier, Now It Has to Help Connect Us
▼ + stars: | 2023-10-10 | by ( David Risher | ) www.businessinsider.com time to read: +11 min

A company that prioritizes product-market fit can build a great, customer-focused business. The venture capitalist Marc Andreessen has said that for startups, product-market fit is "the only thing that matters." I appreciate Marc's wisdom: Great product-market fit produces a sugar high. And that goal is well aligned with the broader social goal of making people less lonely. Over time, it became apparent that this was not a great social fit.

Persons: I'm, Vivek Murthy, Robert Putnam's, Jeff Bezos, I've, Marc Andreessen, It's, haven't, Apple, Eventbrite, David Risher Organizations: Netflix, Apple, Amazon, Lyft Locations: —

☆ The Latest News, Headlines, and Business Stories for October 10
▼ + stars: | 2023-10-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Business: All the best deals for Amazon's October Prime Day sales. 3 things in businessAmazonAll the best October Prime Day deals. Amazon Prime Big Deals Days (also known as the October Prime Day) kicks off today.

Persons: —, you've, Yasser Qudih, Tom, Khan Yunis, Said Khatib, Janet Yellen, Chip Somodevilla, Yellen, Ray Dalio, David Risher, Kendall Jenner, Naomi Osaka, Charli D'Amelio, Tom Brady, Bob Iger, Nelson Peltz, Brady MacDonald, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Tech, Hamas, Getty, Bridgewater Associates, America, Technology, Meta, Disney, ESPN, ABC, National Hockey League, Vegas Golden Knights, Nashville Predators, Tampa Bay Lightning, Chicago Blackhawks, Pittsburgh Penguins, Amazon, PepsiCo, Sky, Delta Sky Club, LAX, LAX Sky Club, Hollywood Locations: Israel, Gaza, AFP, Dadu, Charli, Phoenix, Seattle, New York City, San Diego, London, New York

☆ CEOs from Alphabet, Walmart, Pfizer meet White House officials on refugees
▼ + stars: | 2023-09-14 | by ( Jeff Mason | Thomson Reuters | Jeff Mason Is A White House Correspondent For Reuters. He Has Covered The Presidencies Of Barack Obama | ) www.reuters.com time to read: +2 min

REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsCompanies Accenture PLC FollowAirbnb Inc FollowAlphabet Inc Follow Show more companiesWASHINGTON, Sept 14 (Reuters) - Chief executives from a wide array of U.S. companies will meet White House Chief of Staff Jeff Zients on Thursday to discuss refugee resettlement and sponsorship programs, a White House official said. The CEOs will include Alphabet's Sundar Pichai, Walmart's Doug McMillon, Pfizer's Albert Bourla, HP's Enrique Lores and others. They are part of a council of leaders affiliated with Welcome.US, a group dedicated to helping support refugees in the United States. They will meet Zients and other White House officials "to discuss specific ways we can continue to work together to support safe, orderly pathways for people in need of safety to come to the United States, including through refugee resettlement and new, expanded humanitarian sponsorship programs," a White House official told Reuters. The White House, which says it wants to partner with the private sector to build a humane immigration system, worked with Welcome.US to help Afghan refugees coming to the United States after Biden pulled U.S. troops out of Afghanistan in 2021.

Persons: Annegret, Jeff Zients, Alphabet's Sundar Pichai, Doug McMillon, Pfizer's Albert Bourla, HP's Enrique Lores, Richard Dickson, Julie Sweet, David Risher, Hamdi Ulukaya, Mike Sievert, Goldman Sachs, Kathy Hochul, Zients, Biden, Donald Trump, Welcome.US, Jeff Mason, Christian Schmollinger Organizations: Google, Arena, REUTERS, Accenture, White, Welcome.US, Reuters, Lyft, Mobile, Blackstone, Comcast, Meta, Republicans, Democrat, Republican, Biden, Thomson Locations: Berlin, Germany, WASHINGTON, United States, Airbnb, New, New York City, United, Afghanistan

☆ Lyft CEO David Rishner: We're seeing commute up 19% year-over-year
▼ + stars: | 2023-09-12 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Lyft CEO David Rishner: We're seeing commute up 19% year-over-yearDavid Risher, Lyft CEO, joins 'Mad Money' host Jim Cramer to talk a climb in ridership, taking over as CEO and its new 'Women+' program.

Persons: David Rishner, David Risher, Jim Cramer

☆ Lyft forecasts strong earnings as it banks on competitive pricing to chase down Uber
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +2 min

Shares of the company rose more than 12% in extended trading, after Lyft also reported higher-than-expected adjusted core profit for the April-June period. But that strategy dragged down its revenue per active user by 5% to $47.51 in the second quarter. In the quarter ending September, Lyft expects revenue in the range of $1.13 billion to $1.15 billion, higher than estimates of $1.09 billion, according to Refinitiv data. The company, which has promised profitability by 2023-end, forecast adjusted core earnings of $75 million to $85 million and a margin of 7%. Revenue grew 3% to $1.02 billion, in line with estimates, while adjusted EBITDA of $41 million was well above expectations of $27.9 million.

Persons: Dado Ruvic, Lyft, David Risher, Risher, Yuvraj Malik, Anil D'Silva Organizations: REUTERS, Uber, Revenue, Thomson Locations: Lyft, Bengaluru

☆ Lyft CEO David Risher’s Efforts to Turn the Company Around: Cheaper Rides, Fewer Distractions
▼ + stars: | 2023-07-26 | by ( Preetika Rana | Emily Glazer | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Your Lyft ride got cheaper because the company laid off so many employees
▼ + stars: | 2023-07-25 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

Lyft has lowered ride prices after laying off over 1,000 corporate employees this spring. As a result, it has claimed some market share from rival Uber, the Wall Street Journal reported. Both Lyft and Uber have raised ride prices significantly over the last several years. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. As planned, Lyft has lowered prices in the months following the layoffs, the Wall Street Journal reported on Monday.

Persons: Lyft, Uber, David Risher, —, Risher, DCist Organizations: Wall Street Journal, Service, Wall Street, Uber, Forbes, Reuters Locations: Wall, Silicon, Washington

☆ Lyft's new CEO reversed its WFH policy. Now he says employees should want to come back to the office 'for the snacks.'
▼ + stars: | 2023-07-25 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Lyft's CEO says workers who don't want to return to the office should come back — for the snacks. David Risher's mandate is a reversal of the "fully flexible" work policy Lyft instituted in 2022. Lyft's CEO David Risher, however, thinks office snacks should be enough reason enough for employees to head back in. At a company meeting in April, Risher reversed the "fully flexible" work policy Lyft instituted in March 2022. It appears Lyft's office offers snacks like baby carrots and dipping sauce.

Persons: David Risher's, Lyft, David Risher, Risher, didn't, We've, We're, Roberto Machado Noa, Lyft's, Uber Organizations: Morning, New York Times, Street, Uber

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