Lyft

Uber Technologies Inc.’s UBER -4.65% revenue more than doubled last quarter, as demand for rides rebounded from the downturn caused by the Covid-19 surge late last year and the company’s food delivery grew despite restaurant reopenings. Uber issued a bullish outlook for the current quarter, but its shares fell about 5% Wednesday, triggered in part by rival Lyft Inc.’s LYFT -29.91% results a day earlier. Lyft spooked…

A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers "basic employee rights'' in Los Angeles, California, U.S., August 20, 2020.Mike Blake | ReutersShares of Lyft lost more than a quarter of their value in after-hours trading Tuesday after the company provided light second-quarter guidance and warned investors it will have to keep spending on driver…

Uber and Lyft have both pledged to cover legal fees in case their drivers are sued under Oklahoma’s restrictive abortion bill, according to a report from CNBC. While the bill has not yet been signed into law, Republican Governor Kevin Stitt is expected to approve it within the next few days. On Friday, Oklahoma’s House passed the Heartbeat Act (SB 1503), a law that bans abortions at around six weeks of pregnancy — much earlier than many women become aware that they’re pregnant — and now awaits Governor Stitt’s…