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    LYFT   US55087P1049

LYFT, INC.

(LYFT)
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Delayed Nasdaq  -  04:00 2022-06-24 pm EDT
16.34 USD   +2.90%
06/24LYFT, INC.(NASDAQGS : LYFT) added to Russell 2500 Growth Index
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06/24LYFT, INC.(NASDAQGS : LYFT) added to Russell Small Cap Comp Value Index
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06/24LYFT, INC.(NASDAQGS : LYFT) added to Russell 3000E Value Index
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Lyft to slow hiring, assess budget cuts

05/24/2022 | 06:25pm EDT
FILE PHOTO: The Lyft Driver Hub is seen in Los Angeles

(Reuters) - Ride-hailing firm Lyft Inc said on Tuesday it would slowdown hiring and assess budget cuts in some departments, joining rival Uber Technologies Inc in attempting to rein in costs.

Lyft said no employee layoffs are planned and added it would grant special stock options to eligible employees.

"We're also being responsible about costs and will significantly slow hiring," the company said in a statement.

Shares of Lyft have tumbled nearly 61% this year amid broader declines in tech stocks and closed down 17.2% on Tuesday.

Earlier this month, Uber's Chief Executive Officer Dara Khosrowshahi said the company would scale back hiring and reduce expenditure on its marketing and incentive activities.

(The story corrects syntax error in headline)

(Reporting by Eva Mathews in Bengaluru; Editing by Amy Caren Daniel)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
LYFT, INC. 2.90% 16.34 Delayed Quote.-61.76%
UBER TECHNOLOGIES, INC. 2.95% 23.03 Delayed Quote.-45.08%
All news about LYFT, INC.
06/24LYFT, INC.(NASDAQGS : LYFT) added to Russell 2500 Growth Index
CI
06/24LYFT, INC.(NASDAQGS : LYFT) added to Russell Small Cap Comp Value Index
CI
06/24LYFT, INC.(NASDAQGS : LYFT) added to Russell 3000E Value Index
CI
06/24LYFT, INC.(NASDAQGS : LYFT) added to Russell Midcap Value Index
CI
06/24LYFT, INC.(NASDAQGS : LYFT) added to Russell 2500 Value Index
CI
06/24LYFT, INC.(NASDAQGS : LYFT) added to Russell 1000 Value Index
CI
06/24LYFT, INC.(NASDAQGS : LYFT) added to Russell 3000 Value Index
CI
06/24LYFT, INC.(NASDAQGS : LYFT) added to Russell 2500 Index
CI
06/23LYFT, INC. : Submission of Matters to a Vote of Security Holders (form 8-K)
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06/23Gas at $5 leads some U.S. rideshare drivers to wrap cars in ads
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Financials (USD)
Sales 2022 4 233 M - -
Net income 2022 -715 M - -
Net cash 2022 1 601 M - -
P/E ratio 2022 -7,98x
Yield 2022 -
Capitalization 5 686 M 5 686 M -
EV / Sales 2022 0,97x
EV / Sales 2023 0,70x
Nbr of Employees 4 634
Free-Float 87,5%
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Mean consensus OUTPERFORM
Number of Analysts 40
Last Close Price 16,34 $
Average target price 39,64 $
Spread / Average Target 143%
EPS Revisions
Managers and Directors
Logan D. Green Chief Executive Officer & Director
John Zimmer Chief Operating Officer & Director
Elaine Paul Chief Financial Officer
Prashant Aggarwal Chairman
Valerie B. Jarrett Independent Director
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