Lyft Standard and Pro EV drivers qualify for discounted charging on the EVCS network LOS ANGELES, Nov. 9, 2023 /PRNewswire/ — EVCS, one of the largest electric vehicle (EV) fast-charging network operators on the West Coast, and Lyft Inc. (NASDAQ:LYFT), a leading rideshare company, are excited to announce the launch of a new partnership program: EV… Continue reading EVCS and Lyft Launch New EV Charging Program for Rideshare Drivers
Tag: Lyft
Lyft picks comfort over sharing in bid to compete with Uber
Lyft is introducing a “more affordable sort of higher-end ride” in an attempt to offer ride-hail products that customers actually want, CEO David Risher said Wednesday during the company’s third-quarter earnings call. The move comes after Lyft has been successful, by some metrics, in regaining market share from Uber by slashing its ride-hail fares. In… Continue reading Lyft picks comfort over sharing in bid to compete with Uber
Lyft’s price war with Uber yields mixed results
Lyft’s strategy of slashing ride-hail fares to compete with Uber has resulted in slow and steady gains for the company, but competition remains fierce. According to Lyft’s third-quarter earnings, reported Wednesday, Lyft’s active ridership numbers have increased sequentially quarter-over-quarter this year. In the three months ending September 30, Lyft recorded 22.4 million active riders, up… Continue reading Lyft’s price war with Uber yields mixed results
Lyft’s gains from price cuts not enough to dent Uber’s US lead
Lyft will likely post an 8.4% rise in its third-quarter revenue on Wednesday, LSEG data, compared with a roughly 3% increase in the second. Adjusted core earnings – a closely watched metric of profitability – is expected to jump by a quarter to USD 82.6 million. Lyft‘s price cuts may have helped the ride-hailing firm… Continue reading Lyft’s gains from price cuts not enough to dent Uber’s US lead
NYT: Robotic taxis still need a lot of help
The New York Times (NYT) report reveals that General Motors’ robotaxi company, Cruise, often relies on human help in San Francisco. According to the report, the company’s autonomous vehicles require human assistance every 2.5 to 5 miles. Cruise’s driverless vehicles, which have been driving around the city since 2020, were stopped last week after the… Continue reading NYT: Robotic taxis still need a lot of help
Uber and Lyft pay $328M to settle wage-theft complaints in New York
Uber and Lyft have agreed to pay drivers in New York a combined $328 million to settle wage-theft complaints. The settlement is the result of state attorney general Letitia James’ investigation into whether the companies collected certain fees and taxes from drivers rather than passengers. The investigation also looked into whether companies failed to provide… Continue reading Uber and Lyft pay $328M to settle wage-theft complaints in New York
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A sign marks a rendezvous location for Lyft and Uber users at San Diego State University in San Diego, California, U.S., May 13, 2020. REUTERS/Mike Blake/File Photo Acquire Licensing Rights NEW YORK, Nov 2 (Reuters) – Uber (UBER.N) and Lyft (LYFT.O) will pay a combined $328 million to settle claims by New York’s attorney general… Continue reading Untitled
Payfare to Hold Investor Conference Call to Discuss Third Quarter 2023 Financial Results
TORONTO, Oct. 31, 2023 /PRNewswire/ – Payfare Inc. (“Payfare” or the “Company”) (TSX: PAY) (OTCQX: PYFRF) will be hosting a conference call on Wednesday, November 8, 2023, at 6:30 p.m. ET to discuss the Company’s financial results for the third quarter of 2023. The complete financial results are expected to be released shortly after market close on… Continue reading Payfare to Hold Investor Conference Call to Discuss Third Quarter 2023 Financial Results
GM’s Cruise Halts Self-Driving Operations Across the US After Regulator Safety Fears
Cruise, the self-driving arm of General Motors, said late today it had halted its robotaxi service across the US and would no longer operate its vehicles without safety drivers behind the wheel. That decision to hit the brakes comes two days after California regulators suspended the driverless car company’s permit in San Francisco, alleging Cruise… Continue reading GM’s Cruise Halts Self-Driving Operations Across the US After Regulator Safety Fears
Sinch Expands the Mailgun Product Suite with Mailgun Optimize and Mailgun Validate to Transform Email Deliverability
SAN ANTONIO and STOCKHOLM, Oct. 25, 2023 /PRNewswire/ — Today Sinch (Sinch AB (publ) – XSTO: SINCH), which powers meaningful conversations between businesses and their customers through its Customer Communications Cloud, announced that Mailgun Optimize, the first deliverability solution built on an email sending platform, and Mailgun Validate, the fastest and most accurate address verification solution,… Continue reading Sinch Expands the Mailgun Product Suite with Mailgun Optimize and Mailgun Validate to Transform Email Deliverability