Lyft

Platform News: US ride-hailing services Lyft and Uber

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 ...

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

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...

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

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...

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

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...

Ride Hailing

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...

Platform News: US ride-hailing services Lyft and Uber

California likely to pass proposition to treat Uber drivers as contractors

Voters in California backed a ballot proposal by Uber and its allies who cements app-based food delivery and ride-hail motorists’ status as independent contractors, not emplo...

Didi V2X

Didi lines up 2021 IPO in Hong Kong, targets more than $60 billion valuation

China’s leading ride-hailing business Didi Chuxing is considering Hong Kong to get a multibillion-dollar first public offering next year, falling previous aims to list in New...

Platform News: US ride-hailing services Lyft and Uber

Uber and Lyft spend big in California to oppose gig-worker law

Uber and Lyft collectively are spending nearly $100 million on a November California ballot initiative to overturn a state law that would compel them to classify drivers as workers...

Platform Industry News: Ride-sharing driver

Uber promises 100% electric vehicles by 2040 and commits money to help drivers switch

Uber has said every vehicle on its own global ride-hailing platform will probably be electrical by 2040, and it pledged to contribute $800 million through 2025 to assist drivers sw...

Ride Hailing

California court ruling gives voters last word over ride-sharing protections

A California appeals court avoided a shutdown of ride-hailing services Uber and Lyft in the state, effectively handing a decision over gig worker benefits and cover voters in a Nov...

Platform News: Uber Technologies app

Uber to operate food delivery even if ride-sharing business forced shut in California

Uber Technologies has said it would continue operating its revenue-generating food delivery company Uber Eats even if its ride-hail business should be pushed shut in California at ...

Platform News: US ride-hailing services Lyft and Uber

Judge blocks Uber and Lyft from classifying drivers as contractors

A California judge has granted the state’s petition for a preliminary injunction blocking Uber Technologies and Lyft from classifying their drivers as independent contractors...

Ride Hailing

Ride-hail drivers face tough choices as US aid expires

Uber driver Johan Nijman faces a challenging decision as unemployment aid expires: risk failing to pay for groceries and even lose his home, or resume driving and catch coronavirus...

Platform Industry News: Ride-sharing driver

Uber offers contact tracing help in the US

Uber has quietly launched a service to give public health officials quick access to data on drivers and riders presumed to have come into contact with someone infected with coronav...