Lawmakers take aim at Uber and Lyft with bill targeting surge pricing after big events
A bill being considered by Washington lawmakers limits the amount that ride-hail companies charge passengers to 120% of the driver's cut.
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Uber, Lyft riders choose ride-hailing over transit to save time: study
The convenience of ride-hailing services comes with greater greenhouse gas emissions, air pollution, traffic congestion and ...
Lyft Gets Lone Sell Rating as Arete Downgrades Stock on Uber Competition
The intense competition Lyft Inc. faces from rival Uber Technologies Inc. is threatening to pressure its margins, according ...
Lyft's First-Quarter Bookings Forecast Pressured by Fierce Competition With Uber
Lyft is locked in fierce competition with Uber to attract riders, prompting it to match prices with the larger rival to grab ...
Lyft eyes robotaxi launch in 2026
Lyft says it will launch a fleet of robotaxis, using self-driving technology from Intel’s Mobileye, in Dallas in “as soon as ...
Uber, Lyft, or DiDi Global: Which Rideshare Stock Takes the Fast Lane to Investor Returns?
Ridesharing has become a highly lucrative fintech niche occupied by two big names: Uber Technologies (UBER) and Lyft (LYFT). However, a third ...
Lyft and Anthropic Are Joining Forces to Bring Artificial Intelligence to Ridesharing
Lyft and Anthropic are teaming up to bring AI powered apps and tools to Lyft products. The announcement comes months after ...
Lyft Sees Growth Slowdown in Gross Bookings
Lyft posted a quarterly profit of $61.7 million compared with a loss of $26.3 million a year ago. Wall Street analysts had ...
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Lyft Shares Slide as Lower Pricing Trends Persist Amid Competition With Uber
Lyft on Tuesday forecast gross bookings below Wall Street estimates, similar to rival Uber's projection last week. Lyft's 12-month forward price-to-earnings ratio is 13.4, compared to Uber's 29.4 ...