Lyft is a U.S. ridesharing company operating in 644 cities in the U.S. and 12 cities in Canada. It develops, markets and operates the Lyft mobile app, offering car rides, scooters, a bicycle-sharing system and a food delivery service.
January 13, 2021Gig workers in California who drive for Uber, Lyft and other rideshare and delivery platforms have filed a lawsuit in the state’s Supreme Court seeking to overturn Proposition 22, the ...
January 12, 2021Rideshare giants Uber and Lyft are executing separate strategies to assist in raising awareness about the coronavirus vaccine while also assisting in expanding the number of people vaccinated.
Uber, which has ...
December 30, 2020Uber trips will jump 24 percent in cost starting in the new year in Seattle, with the rideshare company raising prices to accommodate a new law requiring drivers be paid ...
December 30, 2020Pressure over employment rights in Europe has prompted food delivery and rideshare firms like Uber and Deliveroo to open negotiations with unions and labor groups, The Wall Street Journal reported ...
December 14, 2020Gig workers for Uber and others in California will start getting benefits, but consumers will pay the price in additional fees, the Financial Times (FT) reported Monday (Dec. 14).
Proposition 22, ...
November 30, 2020It’s never a good sign when, during a pandemic, the expert opinion on the ground is that the U.S. is currently in the process of “rounding the corner into a ...
November 23, 2020The U.S. government is enlisting Uber and Lyft to help provide transportation services for public agencies and employees, Reuters reports.
The deal is worth up to $810 million and will be ...
November 11, 2020Uber and Lyft claimed victory in California on Election Day when Proposition 22 was upheld by voters, but despite the win, battles are still brewing over how gig workers should ...
November 11, 2020In today’s top news, Alibaba’s Singles’ Day in China has brought in $56 billion thus far, and Lyft is launching a delivery service. Plus, the Department of Justice approved Uber’s ...
November 11, 2020Having survived the worst of COVID-19’s economic upheaval so far, top U.S. ridesharing companies Uber and Lyft have shifted from survival mode to being competitive rivals once again. Both are ...
November 11, 2020Following a successful pilot program, Lyft is launching a delivery service to stay afloat as a second wave of the COVID-19 pandemic continues to stifle the rideshare industry, according to ...
November 10, 2020Lyft reported on Tuesday (Nov. 10) as part of its third quarter earnings results that active riders had risen to 12.5 million from 8.7 million in Q2 on the heels ...
November 9, 2020Lyft is set to report its Q3 results on Tuesday (Nov. 10), as its stock surged more than 26 percent on Monday (Nov. 9) amid news that Pfizer announced what seemed to be ...
November 4, 2020In today’s top news, scammers are targeting used car buyers amid an uptick in digital sales, and California voters passed a proposition that upholds gig worker status. Plus, Wayfair released ...
November 4, 2020On Tuesday (Nov. 3), California voters gave the nod to statewide ballot initiative Proposition 22, which allows app-based companies, such as ride-hailing firms and other gig economy firms, to classify ...
November 4, 2020California voters passed Proposition 22, which exempts tech platforms like Uber, Lyft, and DoorDash from state law AB 5, which forced them to reclassify gig workers as employees, according to ...
November 2, 2020In California, a state ballot vote tomorrow (Nov. 3) will likely have seismic reverberations for gig economy companies and the millions of individuals and families who rely on them as ...
October 23, 2020In today’s top news, Uber and Lyft must reclassify their drivers as employees, and FTC commissioners are in favor of pursuing an antitrust suit against Facebook. Plus, PayPal eyes buying ...
October 23, 2020Silicon Valley rideshare giants Uber and Lyft must abide by a California Court of Appeals’ decision that they can no longer classify their drivers as independent contractors, pending a ballot ...
October 22, 2020Rideshare platform Lyft is teaming up with Venmo to give riders the option to pay for their trip or split the cost with others, Lyft said in a statement on ...
October 14, 2020Assembly Bill 5, the 2019 California legislation that moved to force gig economy firms — most notably Uber and Lyft — to reclassify their workers as employees as opposed to ...
October 13, 2020Lawyers for Uber, Lyft and the state of California laid out arguments on Tuesday (Oct. 13) for whether or not the state can force the gig economy companies to treat ...
October 8, 2020Ride-sharing firm Lyft is teaming up with Epic, which offers electronic health records (EHR), to offer services that will allow healthcare workers “to schedule a Lyft ride for a patient directly ...
October 6, 2020Lyft users who subscribe to the company’s $19.99 per month loyalty program, Lyft Pink, will now get the added benefit of free Grubhub deliveries, Lyft announced on Tuesday (Oct. 6) ...
September 8, 2020Lyft said it saw a 7.3 percent jump in ride operations in August from the month prior, according to Reuters.
Operations in Canada seemed to be recovering faster than those in ...
August 20, 2020The California appellate court has given Uber and Lyft more time to comply with an order requiring them to reclassify drivers as employees, CNBC reported Thursday (Aug. 20).
Now, the rideshare ...
August 20, 2020In today’s top news, Airbnb has filed for an IPO with the SEC, and Apple hit a market value of $2 trillion. Plus, ride-hailing competitors are ready to fill the ...
August 20, 2020Unless an appeals court intervenes at the last minute, Uber Technologies Inc. and Lyft Inc. are ready to suspend their ride-hailing services in California on Thursday (Aug. 20).
In a blog ...
August 19, 2020On the eve of a court order to reclassify freelance drivers as employees in California, competitors of Uber Technologies Inc. and Lyft Inc. are ready to pick up their customers if ...
August 14, 2020It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have ...
August 14, 2020There’s been no shortage of big payments and FinTech announcements over the past few days, such as Apple’s bundle bet, Goldman Sachs’ move to bid on the General Motors credit ...
August 12, 2020Ride-hailing firm Lyft said Wednesday (Aug. 12) that its active ridership plunged 60 percent year over year during Q2 due to the coronavirus pandemic, but said signs of recovery are ...
August 12, 2020A California judge this week ordered Uber and Lyft to stop classifying their workers as independent contractors and start classifying them as employees, an order the two firms have 10 days ...
August 11, 2020The California judge who ruled that Uber and Lyft have to classify their workers as employees reportedly “saw straight through” the “bogus argument” that the companies’ workers like being classified ...
August 11, 2020In today’s top news, Facebook launched Facebook Financial to run the company’s eCommerce and payments projects, and more than two dozen top executives have pledged to hire 100,000 people from ...
August 11, 2020For gig-economy companies, is it time to make way for the third way?
As reported Monday, Uber CEO Dara Khosrowshahi wrote in a New York Times op/ed that gig-economy companies like his should ...
August 10, 2020A California judge has passed an injunction to force Uber and Lyft to stop classifying their workers as independent contractors rather than employees, CNBC reported.
The order, pending further court action, ...
August 6, 2020Already reeling from the coronavirus, Uber’s and Lyft’s fortunes now face another big hit as California’s top labor official takes the ridesharing services to court on charges of “systematic wage ...
August 3, 2020 Some accounts say Roman soldiers were periodically paid for their labors in salt, and while compensation methods have evolved considerably since then, the concept of lump periodic payments has endured.
Numerous ...
July 28, 2020New Yorkers may soon see a lot of smiles on the faces of Uber and Lyft drivers following a judge’s ruling on Tuesday (July 28) that rideshare drivers must receive ...