MINNEAPOLIS (AP) — Lyft and Uber said they will cease operations in Minneapolis after the city’s council voted Thursday to override a mayoral veto and require that ride-hailing services increase driver wages to the equivalent of the local minimum wage of $15.57 an hour. Lyft called the ordinance “deeply flawed,” saying in a statement that … Read more
Rideshare drivers rally at a staging area near O’Hare International Airport during a work strike on February 14, 2024, in Chicago, Illinois.Photo: Scott Olson (Getty Images) Uber and Lyft drivers in the U.S. are receiving tips for rides just 28% of the time, according to a study by gig worker tech company Gridwise. And that … Read more
An empty Lyft pick-up area is shown as rideshare drivers hold a rally as part of a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights”, in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Lyft shares traded over 34% … Read more
It’s a truth universally acknowledged that typos can be embarrassing and frustrating. They can also, as ride-sharing company Lyft found out on Tuesday, make everyone forget that you actually had a pretty good year. Why Bitcoin won’t reach $1,000,000 Everything started with Lyft’s press release announcing its fourth quarter and full-year 2023 financial results, which … Read more
If you love the idea of love, then you can prove it to me this Valentine’s Day by not calling an Uber or a Lyft or getting food delivered on DoorDash. The ride-sharing platforms and food delivery app are expected to go on strike on Valentine’s Day as part of their continued fight for fair … Read more
Air travelers walk toward a Lyft pickup area at Los Angeles International Airport in Los Angeles on Aug. 20, 2020. Mario Tama | Getty Images Lyft shares initially soared in extended trading on Tuesday but pulled way back after the company’s finance chief acknowledged on an earnings call that the release included a major error. … Read more
Rabbit says it’s about the size of a stack of Post-it notes. Image: Rabbit Jesse Lyu, founder and CEO of Rabbit, was bothered by how we have to open a different app each time we wish to get something done on our phones. So, he came up with a device that will manage all your … Read more
New York City and New Jersey residents who are already exasperated by periodic increases in MTA subway fares are going to lack even more options for cheap public transit. Out of the blue on Thursday, Citi Bike suddenly announced its bike share program was raising prices across the board, impacting annual paying members and non-members … Read more
The co-founder of Cruise, Kyle Vogt, resigned from his duties as CEO, CTO, and President on Sunday night, following a month of turbulence for General Motors’ self-driving car subsidiary. Vogt exits the startup he launched in his garage 10 years ago, just weeks after Cruise recalled 950 robotaxis after one of them dragged a pedestrian … Read more
Lyft is introducing a “more affordable sort of higher-end ride” in an attempt to offer ride-hail products that customers actually want, CEO David Risher said Wednesday during the company’s third-quarter earnings call. The move comes after Lyft has been successful, by some metrics, in regaining market share from Uber by slashing its ride-hail fares. In … Read more