Uber Posts First Profit Amid Driver Pay Concerns, Lyft Corrects Earnings Typo

Uber celebrates its first annual profit, sparking driver strikes over pay, while Lyft addresses a significant earnings forecast typo.

Uber announced its first annual profit, leading to a $7 billion share buyback plan.
Thousands of Uber drivers went on strike, demanding higher pay and better safety protections.
Lyft CEO admits to a typo that inflated the company's earnings outlook, causing shares to surge.
Lyft's corrected earnings still show strong performance, with a focus on operational excellence and customer satisfaction.
Both Uber and Lyft report increased rider demand, with Uber achieving its first full year of profit and Lyft recording its highest annual ridership.