Lyft's executive team at Nasdaq. Photo: Mario Tama/Getty Images

Ride hailing company Lyft has performed about as poorly as a public company as it possibly could, and it continued that theme in its first financial report yesterday.

By the numbers: Lyft posted a loss of $1.14 billion for the first quarter, more than its losses for all of 2018. It also reported a loss per share of $9.02, wildly outpacing losses of $1.81 a share predicted by economists. Lyft's stock is down by around 25% since its stock market debut.

In fairness, executives said the loss was driven by a $894 million charge for its stock-based compensation. Excluding that expense, the loss was $211.5 million. And the company’s revenue did rise 95% to $776 million.

  • Lyft also got some good news from Alphabet’s self-driving car company Waymo, which announced a new partnership with Lyft Tuesday in a Medium post.

Meanwhile: The company's drivers announced a partial strike in conjunction with Uber drivers to begin Wednesday in protest of low wages and unfair treatment.

Go deeper: Waymo inks autonomous driving partnership with Lyft

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Justice Department sues Google over alleged search monopoly

Illustration: Lazaro Gamio/Axios

The Justice Department and 11 states Tuesday filed an antitrust lawsuit against Google, accusing the company of using anticompetitive tactics to illegally monopolize the online search and search advertising markets.

Why it matters: The long-awaited suit is Washington's first major blow against the tech giants that many on both the right and left argue have grown too large and powerful. Still, this is just step one in what could be a lengthy and messy court battle.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Americans feel Trump's sickness makes him harder to trustFlorida breaks record for in-person early voting.
  2. Health: The next wave is gaining steam.
  3. Education: Schools haven't become hotspots.
  4. World: Ireland moving back into lockdown — Argentina becomes 5th country to report 5 million infections.

In photos: Florida breaks record for in-person early voting

Voters wait in line at John F. Kennedy Public Library in Hialeah, Florida on Oct. 19. Photo: Eva Marie Uzcategui/AFP via Getty Images

More Floridians cast early ballots for the 2020 election on Monday than in the first day of in-person early voting in 2016, shattering the previous record by over 50,000 votes, Politico reports.

The big picture: Voters have already cast over 31 million ballots in early voting states as of Tuesday, per the U.S. Elections Project database by Michael McDonald, an elections expert at the University of Florida.