Lyft's revenue growth is likely to lag bigger rival Uber Technologies for the sixth straight quarter, with Wall Street eagerly looking forward to a turnaround plan from its new CEO David Risher. He took charge last month and has already moved to cut more than 1,000 jobs to kick-start a company that has str
Lyft's revenue growth is likely to lag bigger rival Uber Technologies for the sixth straight quarter, with Wall Street eagerly looking forward to a turnaround plan from its new CEO David Risher.
"The latest round of layoffs and change in leadership have been taken positively, with checks also pointing to Lyft regaining some market share," JP Morgan analysts said in their pre-earnings note. Lyft had cut prices in January after Uber dropped its fuel surcharge, and analysts have said the company's larger presence on the US West Coast is a drag as many technology companies in the region have not returned to office.
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