Lyft shares tank 26% on higher cost of getting drivers back on street
Lyft Inc. stock plunged 26% on Tuesday after the ride hail company said it would have to spend more heavily to attract drivers and forecast operating earnings less than a quarter of Wall Street targets, reflecting the added costs.
Lyft shares plunge on weak earnings outlook
Lyft Inc. said it would invest in the current quarter to ensure adequate driver supply and grow its ride-hailing platform, spooking investors as the spending weighs on operating profit.
Uber restarts service in Ukrainian capital of Kyiv amid Russia's invasion
Uber said it is restarting its ridesharing service in the Ukrainian capital of Kyiv on Thursday with the goal of supporting “a return to normality as quickly as possible.”
Uber and Lyft suspend surge pricing in area of Brooklyn subway shooting after catching heat on social media
Uber and Lyft said they are suspending surge pricing near a Brooklyn neighborhood where a gunman opened fire on a subway Tuesday morning after New Yorkers voiced outrage about inflated fares on social media.
Uber heeding driver calls for help to counter soaring gas prices
Uber told FOX Business it is considering taking further action to help the company’s drivers, who are feeling the pinch of higher gas prices and are reportedly contemplating quitting because of it.
Lyft's surcharge takes effect as gas prices remain elevated
The ride-share company's fuel surcharge takes effect this week and will last for at least the next 60 days, according to Lyft's announcement. The surcharge fees will go directly to the drivers.
Uber, Lyft drivers consider quitting as pain at the gas pump grows
Uber and Lyft drivers consider quitting over rising fuel costs.
Lyft follows Uber in adding fuel surcharge due to high gas prices
Rideshare company Lyft has followed its competitor, Uber, in adding a fuel surcharge to customers due to soaring gas prices.
Uber posts profit as ride-hailing service bounces back
Uber’s ride-hailing service edged closer to returning to its pre-pandemic levels during the final three months of last year, but its prospects remain clouded by the future direction of the novel coronavirus that has plagued its business.
Lyft’s revenue jumps 70% as higher fares offset fewer riders
Lyft Inc. said revenue increased 70% in the fourth quarter, as longer trips and higher fares offset weaker-than-expected ridership numbers
Lyft, Delta update app partnership to show flight statuses and air travel info
Lyft and Delta Air Lines are making rides to the airport less stressful with in-app flight status updates that’ll be delivered to customers who have linked Delta SkyMiles accounts.
Uber, Lyft drivers want more protection as rising crime keeps many off the roads
Lyft driver Lamont Liner thought he was picking up a regular fare in Chicago late last year. Instead, his passengers pulled out a pistol and stole his car and phone. He hasn’t returned to drive for the app since, even as ride-sharing companies have tried to tempt drivers with more money.
Lyft's sexual assault data shows 360 rapes over 3 year span
Lyft tallied 10 deaths and more than 4,100 reports of sexual assault – including hundreds of rapes — during rides on its ride-hailing app in a three-year period, company officials said.
Lyft, Uber to cover fees for drivers sued under Texas law
Ride-hailing companies Uber and Lyft said Friday they will cover the legal fees of any driver who is sued under the new law prohibiting most abortions in Texas.
Uber, Lyft hit by Prop 22 punch
Ride-hailing giants Uber Inc. and Lyft Inc. were dealt a blow after a California judge ruled California’s Proposition 22, which classified drivers as independent contractors, was unconstitutional.
City residents' 2021 receipts look a lot different than they did in 2020, 2019
Inflation has driven up consumer prices across the board in major cities across the U.S., making receipts from 2019 and 2020 look a lot different than receipts in 2021.
Judge rules California ride-hailing law is unconstitutional
Uber says it plans to appeal a California judge's ruling that struck down a state ballot measure that exempted app-based ride-hailing and delivery services from a state law requiring drivers to be classified as employees eligible for benefits and job protections.
Migrants crossing border in New Mexico area instructed to take Ubers and Lyfts, local police helpless
Migrants crossing the border into one New Mexico town are sometimes instructed by smugglers to use popular ridesharing services Uber or Lyft once they cross into the U.S.
Uber delays office return, makes vaccination mandatory for US employees
Uber Technologies Inc (UBER.N) is pushing back its back-to-office date to late October globally, and all employees in the United States will have to be fully vaccinated before returning to office, a spokesperson said on Thursday.
Self-driving Ford cars coming to Miami Lyft customers by end of 2021
Ford and ride-share app Lyft are bringing autonomous vehicles to Lyft customers in Miami by the end of 2021.