lyft
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Uber, Lyft shares surge after court decision to treat drivers as contractors
Shares of Uber Technologies and Lyft Inc. rose on Tuesday after a California court ruled that drivers can be treated…
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California court ruling allows Uber, Lyft to classify drivers as independent contractors
FOX Business’ Stuart Varney weighs in on President Biden tightening rules on independent contractors. Ride-sharing apps like Uber and Lyft…
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A California appeals court reverses a lower court ruling that found Prop 22 illegal, preserving the independent contractor model of companies like Uber and Lyft (Preetika Rana/Wall Street Journal)
Preetika Rana / Wall Street Journal: A California appeals court reverses a lower court ruling that found Prop 22 illegal,…
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A survey of 810 Uber and Lyft California drivers: ~66% have experienced deactivation, 30% of whom were never told why, and 43% were sexually harassed on the job (Asian Law Caucus)
Asian Law Caucus: A survey of 810 Uber and Lyft California drivers: ~66% have experienced deactivation, 30% of whom were…
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Uber and Lyft Are More Likely to Fire Drivers of Color
James Jordan had worked as an Uber driver in Los Angeles for five and a half years by the spring…
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Lyft opens down 32% after saying it expects $975M in Q1 revenue vs. $1.09B est.; Lyft CFO blamed "seasonality and lower prices" for the weak guidance (Lauren Feiner/CNBC)
Lauren Feiner / CNBC: Lyft opens down 32% after saying it expects $975M in Q1 revenue vs. $1.09B est.; Lyft…
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Lyft reports Q4 revenue up 21% YoY to $1.2B, a net loss of $588.1M vs. $283.2M YoY, and active riders up 8.7% YoY to 20.4M; stock is down 20%+ on weak guidance (Kathryn Hardison/Wall Street Journal)
Kathryn Hardison / Wall Street Journal: Lyft reports Q4 revenue up 21% YoY to $1.2B, a net loss of $588.1M…
Read More » - Technology
New York City Mayor Eric Adams says Uber and Lyft will be required to have zero-emissions fleets by 2030, potentially affecting over 100K for-hire vehicles (Andrew J. Hawkins/The Verge)
Andrew J. Hawkins / The Verge: New York City Mayor Eric Adams says Uber and Lyft will be required to…
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Lyft starts charging wait-time fees to customers after two minutes, except for Shared, Access, Assisted, and Car Seat rides; Uber has had such fees since 2016 (Darrell Etherington/TechCrunch)
Darrell Etherington / TechCrunch: Lyft starts charging wait-time fees to customers after two minutes, except for Shared, Access, Assisted, and…
Read More » - Technology
Lyft Aspired to Kill Car Ownership. Now It Aims to Profit From It
Lyft customers recognize it as the bright-pink app they use to find a ride, or rent a scooter or bike. Lyft…
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