Lyft's Trading Volume Surges to $243 Million but Stock Drops as Waymo Eyes New York City

On June 18, 2025, Lyft's trading volume reached $243 million, marking a 40.37% increase from the previous day. This placed Lyft at the 319th position in terms of trading volume for the day. However, Lyft's stock price fell by 1.67%, marking the second consecutive day of decline, with a total decrease of 1.80% over the past two days.

Waymo, a subsidiary of Alphabet Inc., has applied for a permit to test its self-driving cars in New York City. This move has sparked concerns among competitors, including Lyft, as it could potentially disrupt the ride-hailing market. Waymo's application comes as the company continues to expand its autonomous ride-hailing services in several major U.S. cities, including San Francisco, Austin, Los Angeles, and Phoenix. The company plans to launch its services in Atlanta, Miami, and Washington D.C. in the near future.

Waymo's entry into New York City, known for its challenging urban street environments, could pose a significant threat to Lyft's market share. The company has been offering paid autonomous ride-hailing services in several cities and plans to expand further. Waymo's application for a testing permit in New York City has raised concerns among investors, leading to a decline in Lyft's stock price. The company's stock has been trading lower following the news, as investors worry about the potential impact of Waymo's expansion on Lyft's business.

Waymo's application for a testing permit in New York City has raised concerns among investors, leading to a decline in Lyft's stock price. The company's stock has been trading lower following the news, as investors worry about the potential impact of Waymo's expansion on Lyft's business. Waymo's entry into New York City, known for its challenging urban street environments, could pose a significant threat to Lyft's market share. The company has been offering paid autonomous ride-hailing services in several cities and plans to expand further. Waymo's application for a testing permit in New York City has raised concerns among investors, leading to a decline in Lyft's stock price. The company's stock has been trading lower following the news, as investors worry about the potential impact of Waymo's expansion on Lyft's business.