Overview

• 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.