Stocks making the biggest moves midday: Uber, Lyft, Airbnb, Starbucks and more

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Check out the companies making headlines in midday trading.

Lyft — Shares of Lyft tumbled about 32% after the ride-hailing company issued disappointing guidance for the second quarter and said it would increase spending to attract more drivers, due to surging gas prices.

Uber — The ride-hailing app saw its stock drop nearly 8% after the company posted a massive loss on investments. Uber reported a loss of $5.9 billion during the first quarter, which it said was primarily due to its equity investments in Grab, Aurora, and Didi. The sell-off came even as Uber posted surging revenue as it recovers from its coronavirus lows.

Advanced Micro Devices — The semiconductor stock added 2.7% after beating revenue and earnings estimates in the recent quarter. AMD's sales jumped 71% even as analysts worry about a PC slowdown.

Starbucks — Shares jumped about 7% after Starbucks surpassed revenue expectations in its most recent earnings report. The coffee chain earned 59 cents per share on an adjusted basis, meeting consensus expectations from Refinitiv. The firm posted $7.64 billion in revenue, compared to the $7.6 billion figure forecast by analysts from Refinitiv, following strong domestic sales that offset declines overseas.

Airbnb — The vacation rental stock gained about 1.6% after Airbnb reported a smaller-than-expected loss for the first quarter. The company reported a loss of 3 cents per share on $1.51 billion in revenue. Analysts surveyed by Refiniv were expecting a 29-cent per-share loss on $1.45 billion of revenue. The company said it had its highest number of bookings on record and more than $1 billion in free cash flow during the quarter.

Match Group — Shares of the online dating company fell roughly 1.5%