Lyft reports Q3 revenue up 22% YoY to $1.05B, riders up 7% YoY to 20.31M, vs. 21.3M est., and a $422.2M net loss, up from $99.7M YoY; the stock drops 10%+ (Preetika Rana/Wall Street Journal)

Theo Wayt / New York Post:
Lyft says it is freezing all hiring in the US through the end of 2022  —  Ride-sharing app Lyft is freezing all hiring in the US through the end of 2022, The Post has learned.  —  The news comes amid a broader economic slump that has sent Lyft’s stock tumbling 68% this year.

Jackie Davalos / Bloomberg:
Uber reports Q3 revenue rose 72% YoY to $8.34B, beating $8.1B estimates, as gross bookings rose 26% YoY to $29.1B, including $13.7B from Uber Eats  —  Uber Technologies Inc. reported revenue that beat analysts’ expectations, fueled by a recovery in driver supply that supported increased ridership …

Wall Street Journal:
Sources: Lyft plans to cut 13% of its 4,000 employees, after previously cutting 60 people, or under 2% of its workforce, in July  —  Ride-hailing company to cut 13% of staff in second round of job cuts  —  Lyft Inc. LYFT -0.43%decrease; red down pointing triangle is cutting 13% of staff …

Rebecca Bellan / TechCrunch:
Uber reaches a $10M settlement with the City of Chicago for listing restaurants in Uber Eats and Postmates without consent and charging excess commissions  —  Uber has agreed to a $10 million settlement with the City of Chicago for listing local restaurants in the Uber Eats …

Lawrence Abrams / BleepingComputer:
Security engineer says Uber hacker had access to its HackerOne bug bounty program; source: the hacker downloaded all vulnerability reports before losing access  —  Uber suffered a cyberattack Thursday afternoon with a hacker gaining access to vulnerability reports and sharing screenshots …

Kirsten Korosec / TechCrunch:
Lyft faces 17 lawsuits across 11 states from drivers and passengers accusing the company of failing to protect its users from sexual and physical assault  —  Lyft is facing a fresh batch of lawsuits from drivers and passengers who say they were sexually and physically assaulted during rides …