💨 Abstract

Lyft, a San Francisco-based ride-hailing service, reported better-than-expected Q3 sales due to increased office return and weekday demand. Shares rose 18%. Forecasting Q4 gross bookings above estimates, Lyft anticipates maintaining its strong second-place standing in the market. The company is investing in strategies to attract drivers and has partnered with robotaxi industry leaders for self-driving cars.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖