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Is Lyft For Sale? This Analyst Believes Takeover Rumors Have 'Little Validation'

Benzinga

NASDAQ: LYFT ) stock has significantly outperformed peers, rising 14% on a potential takeover bid, despite no sources validating these speculations, according to Bank of America Securities. The Analyst: Michael McGovern maintained an Underperform rating for Lyft, with the price target unchanged at $14.

Banking 52
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Microsoft Strikes Nware Deal to Woo European Officials Over Activision Acquisition, Lyft Lay-offs Over 1K Employees, Big Oil Earnings: Top Stories For Today

Benzinga

After the acquisition closes, the deal also includes rights to stream Activision Blizzard, Inc's (NASDAQ: ATVI ) titles on Nware's platform. On Thursday, Lyft disclosed a restructuring plan as part of its efforts to reduce operating costs. The company. billion, beating the consensus of $85.41

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Uber vs. Lyft: The profit race

Valutico

Uber Technologies, Inc. & & Lyft, Inc. Lyft, not far behind, projects to hit its operational break-even point in 2024. Given this positive financial outlook for both ride-sharing enterprises, we present a comparative analysis of Uber and Lyft, including their operating models and financial performance.

EBITDA 96
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zTrip®, the largest taxi fleet operator in the U.S., with operations in 26 cities, more than 2,700 vehicles and over 3,170 contracted drivers on its platform, to become publicly traded via business combination with Spree Acquisition Corp.

Benzinga

31, 2022 (GLOBE NEWSWIRE) -- WHC Worldwide, LLC, doing business as zTrip®, a technology-based, North American-wide transportation company (" zTrip " or the " Company "), and Spree Acquisition Corp. Upon closing of the transaction, the combined company will be named WHC Worldwide, Inc. transportation industry.

EBITDA 40
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Arnold & Porter Discusses Attacks on Board Diversity Initiatives

Reynolds Holding

The attorneys general of 17 “red” states have faced off against the SEC, the ACLU, an “ Ad Hoc Coalition of Nasdaq-Listed Companies,” and a group of “Investors and Investment Advisers.” The rule requires companies to make this disclosure on an annual basis. In addition, the Financial Industry Regulatory Authority, Inc.