- December 29, 2023
While ridesharing giants Uber and Lyft experienced significant growth in revenue in 2023, they reportedly facechallenges in 2024.
For different reasons, financial services group Nomura recently downgraded both Uber and Lyft, ...
- December 13, 2023
The gig economy allows workers control over their own employment while offering consumers choice and convenience.
PYMNTS Provider Ranking of Gig Platform Apps, which uses monthly metrics to score related apps ...
- November 13, 2023
Google parent Alphabet has sold off all of its shares in trading app Robinhood.
The tech giant in August had sold about 90% of its stake in Robinhood, and said in a recent filing with ...
- November 10, 2023
It’s commonplace to mention Uber and Lyft in the same breath in any conversation about the great travel snapback.
As earnings reports through the past few days have shown, the rising ...
- November 8, 2023
Lyft expects its fourth quarter revenue to grow by the mid-single digits compared with the previous quarter.
The ride-share company announced this outlook Wednesday (Nov. 8) while reporting its third quarter ...
- November 2, 2023
Uber and Lyft will pay a combined settlement of $328 million after multi-year investigations into their practices by the New York State Attorney General.
The investigations found that the companies withheld ...
- October 25, 2023
If you want to come up with the next big thing for digital transformation, you shouldn’t wait around for inspiration.
Maybe the apple falling from the tree really did inspire Isaac Newton to ...
- September 14, 2023
In this month’s edition of PYMNTS’ Provider Ranking of Gig Platform Apps, Uber Driver stands out as the frontrunner. To delve deeper into the leading platforms of the moment, check ...
- September 12, 2023
Lyft has introduced a new feature that aims to match women and nonbinary divers with more women and nonbinary riders.
The new Women+ Connect feature is designed to address the gender disparity among ...
- July 24, 2023
Lyft is considering partnerships and other options for its bike and scooter business.
The company has received “strong inbound interest” in the business, Lyft said in a Monday (July 24) update posted on its ...
- May 10, 2023
Uber has reportedly added flight bookings in the U.K. to fuel its super app ambitions.
The changes let customers in Great Britain schedule full journeys via several forms of transportation, the ...
- May 1, 2023
A shift from growth to efficiency is showing up in earnings calls across industries.
With half of the S&P 500 having held calls for last quarter thus far, the number of ...
- April 27, 2023
Lyft will reduce its staff by 26% as the rideshare service looks to bring down costs.
The company said last week it would “significantly reduce” the size of its employee base, ...
- April 21, 2023
Lyft will “significantly reduce” the size of its workforce next week.
The company did not specify the number of employees who will be affected, instead saying they will be notified about ...
- April 12, 2023
Payfare, a FinTech serving gig workers, has expanded its partnership with digital banking provider NCR.
Under the new collaboration, NCR will offer “self-service financial solutions for Payfare’s cardholders across the United ...
- April 4, 2023
The connected economy expands with each new activity consumers perform via digital means, and those are increasing, as the average consumer now engages in 28 digital activities monthly, compared to ...
- March 28, 2023
In today’s tough macroeconomy, businesses are making tough choices to ensure they survive.
In some cases, that even means sunsetting a company founder to bring in an executive with more experience ...
- March 28, 2023
Lyft could use a lift.
At this writing, the company’s shares are trading at a bit over $9.60, well off recent peaks of more than $17.
The fact that the stock’s barely ...
- March 27, 2023
Locked in competition with Uber, which controls roughly 74% of the U.S. rideshare market, Lyft is changing leadership by appointing a new CEO as the company faces a difficult ride ...
- March 14, 2023
Uber and Lyft have landed a victory in their battle to treat drivers as contractors.
In a ruling issued Monday (Mar. 13), California’s 1st District Court of Appeals said that the ...
- March 8, 2023
Lyft users can now earn Bilt Rewards points on every rideshare, bike and scooter booking.
The two companies have teamed up to enable the users of the Lyft app to link ...
- February 10, 2023
The Uber versus Lyft battle illuminates a stark reality as the pandemic recedes:
The broader the platform — the more opportunity for users (and drivers) to pivot between activities without leaving ...
- December 1, 2022
Leading contract employment apps are wavering in PYMNTS’ latest Provider Ranking of Gig Economy Apps.
Some category leaders regained ground lost last time, while others slipped further. Meanwhile, in the lower ...
- November 3, 2022
Ride-hailing company Lyft is making another cut to its employees by laying off nearly 700 members of its staff, effective Thursday (Nov. 3).
In a note sent to Lyft team members, ...
- September 27, 2022
Category leaders are losing ground in PYMNTS’ latest Provider Ranking of Gig Economy Apps, as the top players see their scores fall.
Meanwhile, in the lower ranks of the top 10, ...
- August 8, 2022
Lyft is introducing a media and advertising unit with a suite of products designed to help brands reach the growing number of people using rideshare services again now that the ...
- August 4, 2022
In Lyft’s Q2 results, the ride-share company saw profits rising as demand surged due to continued reopenings of the economy after the pandemic, a company release said.
The company also said ...
- July 20, 2022
Lyft has laid off about 60 people and announced it was ending its program that let people rent its cars on its app.
The Wall Street Journal reported Wednesday (July 20) ...
- June 27, 2022
Lyft and Hertz are partnering and launching new offerings intended to make summer air travel easier, according to a Monday (June 27) press release.
Lyft is offering Priority Pickup for customers ...
- June 22, 2022
In today’s FinTech news, China is showing signs of loosening its crackdown on FinTechs and payment firms. Plus, in a time of digital transformation, Lyft finds a way to take ...
- June 22, 2022
For those who prefer or need to pay using cash, rideshare platform Lyft is partnering with more than 35,000 retailers across the U.S. — including Walmart, ACE Cash Express and ...
- May 25, 2022
Lyft isn’t planning layoffs but is slowing hiring, reeling in spending and concentrating on profitable growth as market instability continues and its share price hovers below $17 from a 52-week ...
- May 4, 2022
Rides rebound. Delivery is still in demand. But all eyes are on the cross-selling opportunities.
If Uber’s latest results show anything — in addition to a more than doubling of the ...
- May 3, 2022
Turning 10 years old this month, Lyft is back in recovery mode as pandemic restrictions come off coast-to-coast, slowly bringing back popular products like shared rides and maintaining a singular ...
- April 25, 2022
Craig Martell, the head of machine learning for Lyft, is joining the Pentagon to be the leader of its new data and artificial intelligence office, Bloomberg reported Monday (April 25).
The ...
- April 20, 2022
Today in the connected economy, Discover gives its customers help getting their information off data collection websites, while Lyft offers to assist riders who need help getting to and from ...
- April 20, 2022
Lyft Healthcare announced this week the launch of Lyft Assisted, which the company described as a service “for riders who want a little extra help.”
Lyft states in the announcement that ...
- April 20, 2022
Ride-sharing app Lyft announced Tuesday (April 19) that it has agreed to buy PBSC Urban Solutions, a supplier of bicycle sharing equipment and technology to customers around the world.
According to ...
- April 5, 2022
Last week, Washington Gov. Jay Inslee signed a new law governing ride-hailing drivers that provides them with additional rights such as sick pay and minimum pay guarantees based on the ...
- April 1, 2022
Washington has become the first U.S. state to set earnings standards for ride-hailing companies after Governor Jay Inslee signed into law a minimum pay standard for Lyft and Uber drivers.
As ...
