Lyft

Lyft, Inc. is a ridesharing company based in San Francisco, California and operating in 640 cities in the United States and 9 cities in Canada. It develops, markets, and operates the Lyft mobile app, offering car rides, scooters, and a bicycle-sharing system.

Source: lyft.com

Uber, Lyft Differences Boil Down to Transportation vs End-to-End Mobility
Uber, Lyft Differences Boil Down to Transportation vs End-to-End Mobility
February 14, 2024  |  Ridesharing

Uber and Lyft’s most recent earnings reports spotlight a widening divergence in approach in business models. At first glance, there’s a core focus for both...

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Lyft Says ‘Continuous Innovation’ of App Earns Record Annual Ridership
Lyft Says ‘Continuous Innovation’ of App Earns Record Annual Ridership
February 13, 2024  |  Earnings

Lyft says differentiated offerings on its app helped drive its annual ridership to the highest level in the company’s history. For full-year 2023, the rideshare platform...

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Rideshare, Delivery Drivers to Strike on Valentine’s Day
Rideshare, Delivery Drivers to Strike on Valentine’s Day
February 12, 2024  |  Gig Economy

An organization representing rideshare drivers and delivery workers is organizing a strike on Valentine’s Day (Wednesday, Feb. 14). Justice for App Workers is calling on drivers...

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Lyft Guarantees Rideshare Drivers 70% or More of Fare
Lyft Guarantees Rideshare Drivers 70% or More of Fare
February 06, 2024  |  Ridesharing

Lyft said it has made several improvements for drivers in its latest product update, the Early 2024 Release. The rideshare platform’s latest release addresses key...

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Nomura Downgrades Uber and Lyft After Outsized Gains in 2023
Nomura Downgrades Uber and Lyft After Outsized Gains in 2023
December 29, 2023  |  Ridesharing

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...

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DoorDash Trails Uber Driver in Latest Provider Ranking of Gig Platform Apps
DoorDash Trails Uber Driver in Latest Provider Ranking of Gig Platform Apps
December 13, 2023  |  Gig Economy

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...

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Alphabet Sheds Entire Stake in Trading App Robinhood
Alphabet Sheds Entire Stake in Trading App Robinhood
November 13, 2023  |  Business

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...

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Lyft Doubles Down on Rides as Uber Focuses on Growing Memberships
Lyft Doubles Down on Rides as Uber Focuses on Growing Memberships
November 10, 2023  |  Ridesharing

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...

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Lyft Projects Growth That May Fall Short of Analysts’ Expectations
Lyft Projects Growth That May Fall Short of Analysts’ Expectations
November 08, 2023  |  Earnings

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....

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