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Lyft Reports Strong Demand, Expects Growth Slowdown

Lyft said late Thursday its gross bookings rose 23% in the second quarter to $5.5 billion, beating the 18% to 21% growth the company forecast in May, as its European taxi business and a record share of rides booked through partnerships lifted the average value of each trip. But it forecast a ...

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Airbnb Raises its Forecast as Travel Demand Rebounds

Airbnb said late Thursday that revenue for the three months ended in June rose 17% from the year-ago quarter to $3.6 billion, topping its guidance of 14% to 16%, as the short-term rental company reported higher demand across regions. Net income climbed 27% to $816 million. Shares jumped 9% late ...

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