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Lyft Inc. (NASDAQ:LYFT) reportedly faces multi-billion-dollar liabilities from its legal challenges due to alleged sexual assault claims, according to short-seller Bleecker Street Research, which announced that it was shorting the ride-hailing company. Lyft Faces Thousands of Cases According to the short-seller’s research report released on Thursday, Lyft faces an estimated $1.3 billion to $2.7 billion in potential exposure stemming from consolidated rideshare sexual assault litigation. Bleecker

Lyft (LYFT) reached $14.02 at the closing of the latest trading day, reflecting a -4.37% change compared to its last close.

Lyft (LYFT) closed the most recent trading day at $14.83, moving +1.51% from the previous trading session.

Lyft (LYFT) concluded the recent trading session at $14.08, signifying a -2.22% move from its prior day's close.

Uber stock and DoorDash stock have slumped his year despite strong overall demand for food-ordering and app-based rides.

ZoomInfo stock cratered after sweeping layoffs and weak guidance reignited fears that AI could disrupt the company’s core sales-intelligence business.

Lyft revenues rise 13.8% in Q1 as gross bookings climb 19%, though earnings miss estimates and cash balances decline.

(Bloomberg) -- Lyft Inc. reported profit in the first quarter that fell short of Wall Street’s estimates after it spent heavily on an international expansion and on adding higher-end offerings like chauffeur services.Most Read from BloombergBillionaire Duke of Westminster to Sell £700 Million of US Real Estate AssetsUS Has Opened a Passage Through Hormuz, Central Command SaysDOJ Plans Intervention in Trump Supreme Court Carroll AppealChina Asks Banks to Pause New Loans to US-Sanctioned RefinerSo

While they beat expectations on both revenue and gross bookings, both earnings and total rides came in a bit light. Shares initially rose a few percentage points after the report was released before falling around 3% to $13.71. Revenue for the first quarter came in at $1.650 billion, ahead of expectations for $1.631 billion.

Avis Budget Group (CAR) reported a first-quarter earnings per share (EPS) loss of $8.01, significantly deeper than the consensus estimate. While the headline loss suggests a business retreat, a singular operational metric of 70% vehicle utilization reveals a fundamental pivot in the company's capital strategy.