Lyft

Platform Industry News: Ride-sharing driver

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...

Platform Industry: CEO of the ride-sharing company Uber Technologies

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...

Platform News: Lyft ride-hailing app is part of the sharing economy

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.

Platform News: Uber Technologies app

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...

Platform News: Ride-hailing app Uber Technologies

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...

Platform News: Lyft ride-hailing app is part of the sharing economy

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...

Platform News: Ride-hailing app Uber Technologies

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 ...

Platform News: Uber Technologies app

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 ...

Platform News: US ride-hailing services Lyft and Uber

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 ...

Platform News: Ride-hailing app Uber Technologies

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...

Platform News: Lyft ride-hailing app is part of the sharing economy

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 ...

Platform News: Lyft ride-hailing app is part of the sharing economy

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.

Platform News: US ride-hailing services Lyft and Uber

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...

Platform News: Ride-hailing app Uber Technologies

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 ...

Platform News: Lyft ride-hailing app is part of the sharing economy

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...

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