Lyft
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...
Uber, Lyft have a California playbook to fight proposed US rules on workers
Uber, Lyft and other gig-economy companies face a new challenge from the Biden administration to their use of contract workers, but as they gear up for a fight in Washington they c...
Uber and Lyft tout US ride-hail driver pay, incentives amid growing demand
Uber and Lyft said US drivers on their ride-hail platforms were earning significantly more than before the pandemic as trip demand outstrips driver supply, prompting the companies ...
Lyft focuses on OAP’s with feature to book rides by call
North American ride sharer, Lyft has introduced a service that would let users request a ride by call, without needing the app, in a bid to make its ride-hailing service more conve...
Uber reduces losses on food delivery expansion, uptick in ride bookings
Uber posted a narrower loss as its ride-hail and delivery businesses rebounded slightly from pandemic lows, and the company said it was well on track to reach its goal of achieving...
Lyft says recovery in ride-hailing could bring third-quarter profit
Ride-hailing player, Lyft Inc has said it could make an adjusted profit by the third quarter of this year despite the pandemic thanks to additional cost cuts and an expected reboun...
US tech firms can compensate gig-workers with equity under SEC proposal
The US securities regulator has proposed a pilot program to allow tech firms such as Uber and Lyft to pay gig workers up to 15% of their yearly compensation in equity rather than c...