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DoorDash announces a $750M stock buyback program and says Chief Financial Officer Prabir Adarkar will replace President and COO Christopher Payne on March 1 (Jackie Davalos/Bloomberg)

[ad_1] Jackie Davalos / Bloomberg: DoorDash announces a $750M stock buyback program and says Chief Financial Officer Prabir Adarkar will…

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Technology

Memo: DoorDash plans to lay off around 1,250 employees, aiming to curb expenses; sources say that represents around 6% of its workforce (Jackie Davalos/Bloomberg)

[ad_1] Jackie Davalos / Bloomberg: Memo: DoorDash plans to lay off around 1,250 employees, aiming to curb expenses; sources say…

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Technology

Lyft reports Q2 revenue up 30% YoY to $990.7M, vs. $986.7M est., a $377.2M net loss, and active riders up 16% YoY to 19.9M, vs. 19.8M est.; the stock is up 5%+ (Jackie Davalos/Bloomberg)

[ad_1] Jackie Davalos / Bloomberg: Lyft reports Q2 revenue up 30% YoY to $990.7M, vs. $986.7M est., a $377.2M net…

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Technology

DoorDash reports Q1 revenue of $1.46B, up 35% YoY, vs. $1.38B est., 404M orders, up 23%, gross order value of $12.4B, up 25%, vs. $11.7B est.; stock up 9%+ (Jackie Davalos/Bloomberg)

[ad_1] Jackie Davalos / Bloomberg: DoorDash reports Q1 revenue of $1.46B, up 35% YoY, vs. $1.38B est., 404M orders, up…

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Technology

Lyft reports Q1 revenue of $875.6M, up 44% YoY, vs $844.5M est., and a net loss of $196.9M, but misses on 17.8M active riders, vs 18M expected; stock down 25%+ (Jackie Davalos/Bloomberg)

[ad_1] Jackie Davalos / Bloomberg: Lyft reports Q1 revenue of $875.6M, up 44% YoY, vs $844.5M est., and a net…

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