Lyft, the ride-hailing company taking on Uber, announced news on Wednesday (May 23) that it is investing $100 million to provide more support for its drivers. In a blog post covered by TechCrunch, Lyft said the money will go toward offering drivers lower-cost oil changes,...
Lyft’s internal market share numbers shows that it now has 35 percent of the national ridesharing market, up from 20 percent 18 months ago. The company also says its market share is over 40 percent in 16 U.S. markets and that it has a majority...
Newly released data shows how much some users are spending on ridesharing apps like Uber and Lyft in 32 major cities. According to CNBC, money app Empower looked at the Uber and Lyft transactions from 50,000 of its users and found that when it comes...
Tesla’s CEO revealed that while technology for the company’s autonomous vehicle ridesharing network will be ready by the end of next year, it’s still unclear as to when the service will actually launch. According to TechCrunch, CEO Elon Musk spoke of the program during Tesla’s...
Lyft has nearly doubled its market share, taking nine percentage points away from rival and market leader Uber. According to news from Bloomberg, Certify data showed that San Francisco-based Lyft comprised 19 percent of ride-hailing usage among business customers last quarter, an increase from 10 percent...
There’s been a great deal of debate over how much drivers actually earn working for companies like Uber and Lyft. Now, the latter is finally revealing what its drivers pull in per hour. “Understandably, we’ve seen a few external groups take their own guesses at...
A U.S. judge in Philadelphia has ruled that limousine drivers for Uber should be considered independent contractors and not company employees under federal law. According to news from Reuters, the case, Razak v. Uber Technologies, was filed in February 2016. The plaintiffs, representing all drivers in...
Uber, aiming to expand access to transportation for the masses, announced news on Wednesday (April 11) that it has launched a series of product updates that help riders get around without the need for a vehicle. In a blog post, Uber Chief Executive Dara Khosrowshahi...
Ride-hailing company Uber announced Tuesday (April 10) that it has completely overhauled the app for its drivers. In a blog post announcing the redesign, Uber CEO Dara Khosrowshahi said that drivers are the “heart” of the service, and that Uber lost sight of that along...