A bill being considered by Washington lawmakers limits the amount that ride-hail companies charge passengers to 120% of the driver's cut.
Ridesharing has become a highly lucrative fintech niche occupied by two big names: Uber Technologies (UBER) and Lyft (LYFT). However, a third ...
The convenience of ride-hailing services comes with greater greenhouse gas emissions, air pollution, traffic congestion and ...
The median price of an Uber and Lyft ride in the U.S. rose 7.2% in 2024 and the rideshare companies risk a dropoff in demand ...
Drivers for Lyft and Uber are creating cooperatives - or co-ops - to combat lost wages aligned with company, state and city ...
The problem with both social media and ride-sharing is that the people paying for the service aren’t treated as the primary customers, which creates a decoupled revenue model.
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Uber, Lyft drivers seek to unionize in GeorgiaAtlanta Uber and Lyft drivers went on strike at Hartsfield-Jackson Atlanta International Airport. They have demanded higher wages, benefits and job security.
FEATURE Lyft stock was falling Wednesday after the ride-hailing app reported lower-than-expected gross bookings for the fourth quarter and issued mixed guidance. Shares tumbled 6.4% to $13.47. The ...
Lyft shares tumbled close to 14% in premarket trading on Wednesday after the company issued weaker-than-expected guidance for first-quarter gross bookings, raising concerns about its ability to ...
If the new rules went into effect, Golden said, Lyft would “have to remove the equivalent of over 1,200 full-time drivers to maintain 2024 utilization rates.” Josh Gold, a spokesman for ...
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