Reported 17 days ago
Lyft shares surged nearly 23% after outperforming expectations in third quarter revenue. CEO David Richard expressed confidence in future growth attributed to high rider numbers and driver hours, emphasizing a focus on customer satisfaction driving profitable growth. He highlighted Lyft's strong commuter demand, the new 'Price Lock' feature, and partnerships like DoorDash, suggesting that competitor scale won't disadvantage them against Uber.
Source: YAHOO