Lyft
Uber revamps driver pay algorithm in large US pilot to attract drivers
Uber is testing a new driver earnings algorithm in 24 US cities that allows drivers to see pay and destinations before accepting a trip and raises the incentives for drivers to tak...
Uber 2024 profit forecast falls short of expectations, shares drop
Uber laid out a $5 billion operating profit for 2024 that fell short of analyst estimates, sending its shares down 4% on Thursday, even as the ride-hailing company revealed several...
Lyft names Amazon Studio’s Elaine Paul as CFO
Ride hailing firm Lyft Inc has named Amazon.com Inc’s executive Elaine Paul as its new CFO, replacing Brian Roberts who is stepping down after seven years in the role.
Uber introduces revamped shared rides offer in the US
Uber Technologies Inc has said it was resuming shared rides, which were scrapped during the pandemic, detailing a revamped offer aimed at reducing the previously high losses in the...
Uber makes first operating profit as driver shortage eases
Uber has reported its first profitable quarter on an adjusted basis since it launched more than a decade ago with its two most important segments, ride-hailing and restaurant deliv...
Lyft soars as company charts a path out of the pandemic
Lyft Inc shares soared more than 13% in extended trading after the company reported an adjusted profit for the third quarter and outlined a path to sustained profitability on the b...
Uber could post first adjusted profit this quarter as ride demand returns
Uber could post its first profit on an adjusted basis for the current quarter, reaching the elusive milestone sooner than expected as online food ordering surges and ride bookings ...
Uber proposes industry-wide gig worker benefits model in Canada
Uber Technologies Inc has proposed a plan for a flexible benefits fund for app-based ride-hail and food delivery drivers in Canada under which all gig industry players would share ...
Uber and Lyft take different spending routes in race to add drivers
A return to business as usual for Uber Technologies Inc and its rival Lyft Inc has thrown up a new challenge to the ride-hailing firms looking for profitability – spend more ...
Uber posts $509 million adjusted loss on driver incentives even as trips rise
Uber Technologies Inc reported widening losses as it spent more to entice drivers to return to its platform, sending shares of the ride-hail and food delivery company down in after...
Lyft posts adjusted profit ahead of target, but warns of driver shortage, Delta threat
Lyft Inc has posted an adjusted quarterly profit three months ahead of target, seizing on a leaner cost structure as rides rebounded, but it warned of ongoing driver shortages and ...
Argo AI, Ford and Lyft to launch self-driving ride-hail service
Self-driving start-up Argo AI, carmaker Ford Motor Co and ride-hail company Lyft Inc have said they partnered to offer robotaxi trips to Lyft customers in Miami and Austin.
Uber and Lyft want more public subsidies to meet California EV mandates
California clean-air regulators want nearly all trips on Uber and Lyft ride-hailing platforms to be in electric vehicles, mandating costly measures that the companies call unrealis...
Uber narrows loss on food-delivery growth, cost cuts, but ride-hail demand flat
Uber Technologies has said its food-delivery business continued to grow despite signs of US recovery from the COVID-19 pandemic, but ride-hail bookings were flat from the previous ...
Lyft sees sustained profit starting in third quarter on cost cuts, demand rebound
Ride-sharing challenger Lyft has surprised Wall Street with significantly lower losses than expected and said it would deliver dependable profit on an adjusted basis beginning in t...