Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Lyft, Inc.
  6. News
  7. Summary
    LYFT   US55087P1049


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Lyft : records more than 4,000 sexual assault cases in long-overdue safety report

10/22/2021 | 12:44pm EST
FILE PHOTO: The Lyft logo is seen in Los Angeles

(Reuters) - Lyft Inc received reports of more than 4,000 instances of sexual assault on its ride-hailing platform between 2017 and 2019, it said, detailing the data in a safety report it had promised to publish about two years ago.

The company report, issued late on Thursday, showed sexual assault reports on its platform had increased from around 1,100 in 2017 to some 1,800 in 2019. But it said bookings increased at a higher rate during that time, resulting in a 19% drop in the overall incident rate.

Lyft said more than 99% of its journeys had occurred without any safety incident.

"While safety incidents on our platform are incredibly rare, we realize that even one is too many. Behind every report is a real person and real experience, and our goal is to make each Lyft ride as safe as we possibly can," Jennifer Brandenburger, head of policy development and research, said in a company blog post.

The company said it has invested in safety features, employed rigorous driver background checks and consulted sexual assault experts.

Lyft had committed to releasing its report at the end of 2019, when its larger rival Uber Technologies Inc provided the ride-hailing industry's first detailed safety report.

Uber at the time disclosed it had received some 6,000 reports of sexual assault related to 2.3 billion trips in the United States in 2017 and 2018.

Lyft, which services significantly fewer trips than Uber, did not disclose the total number of rides it completed in its Thursday safety report, but at 0.0002% the incident rate was the same as Uber's.

Unlike Uber, Lyft did not disclose what share of incidents resulted in drivers being harmed. Uber's report showed riders accounted for roughly half of the accused in sexual assault reports.

(Reporting by Tina Bellon; Editing by Howard Goller)

By Tina Bellon

ę Reuters 2021
All news about LYFT, INC.
01:26aSoutheast Asia's Grab takes a ride to $40 billion SPAC listing
11/2972nd Public School's Students Get Back-to-School Donation
11/28Biden told it will take two weeks to have definitive data on Omicron variant
11/26Uber Down 4%, Lyft Declines 5%
11/24Loop Capital Adjusts Price Target on Lyft to $77 From $80, Maintains Buy Rating
11/22DoorDash pays $5 million to settle San Francisco worker misclassification probe
11/18Hartsfield-Jackson and Airport Partners Prepare for Busy Holiday Travel Season; More th..
11/17LYFT : Receives a Buy rating from Goldman Sachs
11/16Massachusetts gig worker ballot measure backers submit signatures
11/16INSIDER SELL : Lyft
More news
Analyst Recommendations on LYFT, INC.
More recommendations
Financials (USD)
Sales 2021 3 178 M - -
Net income 2021 -925 M - -
Net cash 2021 1 661 M - -
P/E ratio 2021 -13,9x
Yield 2021 -
Capitalization 13 023 M 13 023 M -
EV / Sales 2021 3,58x
EV / Sales 2022 2,43x
Nbr of Employees 4 369
Free-Float 85,2%
Chart LYFT, INC.
Duration : Period :
Lyft, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LYFT, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 42
Last Close Price 38,22 $
Average target price 68,98 $
Spread / Average Target 80,5%
EPS Revisions
Managers and Directors
Logan D. Green Chief Executive Officer & Director
John Zimmer Vice Chairman & President
Brian Roberts Chief Financial Officer
Prashant Aggarwal Chairman
Valerie B. Jarrett Independent Director
Sector and Competitors
1st jan.Capi. (M$)
LYFT, INC.-22.21%13 023
NETFLIX, INC.14.25%273 643
PROSUS N.V.-15.54%266 735
AIRBNB, INC.11.09%102 119