Uber and Lyft will have to increase the minimum pay rates for drivers in New York City by the end of the year, Engadget reports. The fare increase comes amid a driver shortage post-pandemic, in large part due to rising operational costs. The city’s Taxi and Limousine Commission (TLC) voted to increase the per-minute rates… Continue reading Uber, Lyft to pay NYC drivers more by end of year
Tag: Lyft
Crowdsourcing Bridge Inspection
Apps that tap into smartphone sensors to monitor human health and diagnose diseases abound. Now, engineers have come up with a way to use smartphone data to reveal if bridges are ailing, allowing repairs before they fail. Using such crowdsourced data as part of maintenance could increase a new bridge’s lifespan by over fourteen years… Continue reading Crowdsourcing Bridge Inspection
5 Best Chinese Stocks To Buy And Watch: China Stocks Swing On Covid News
Reuters Videos Stocks end higher as investors eye U.S. midterms STORY: U.S. stocks rose for a third straight session on Tuesday as Americans voted in midterm elections that will determine control of Congress, with investors betting on a political stalemate that could prevent major policy changes.The Dow ended a percent higher, while the S&P 500… Continue reading 5 Best Chinese Stocks To Buy And Watch: China Stocks Swing On Covid News
Curbee Revolutionizes Fleet Maintenance
Curbee introduces a new take on mobile fleet maintenance for Bay Area and Southern California businesses by creating an entirely frictionless, customer first experience. SAN FRANCISCO, Nov. 10, 2022 /PRNewswire/ — Curbee, a mobile car-repair company redefining the convenience and transparency of traditional car care, today announced a new take on fleet maintenance. Using technology… Continue reading Curbee Revolutionizes Fleet Maintenance
Big Tech Announced More Than 45,000 Layoffs in Recent Months
Remember when tech was on top of the world? Getting Laid (Off) The tech industry appears to be bearing a disproportionate toll from 2022’s economic downturn, with recent and planned layoffs at companies including Twitter, Meta-formerly-Facebook, and Intel bringing the total number of sacked tech workers to more than 45,000. Per an analysis of the… Continue reading Big Tech Announced More Than 45,000 Layoffs in Recent Months
Lyft-backed plan to fund electric cars flops in California
California voters shot down a plan to make electric vehicles more affordable for some residents, dealing a blow to Lyft and the EV industry alike. Proposition 30 would have taxed residents making more than $2 million a year to subsidize electric cars and public charging stations as well as funded wildfire prevention programs. Even with… Continue reading Lyft-backed plan to fund electric cars flops in California
California voters reject tax on rich for more electric cars
Newsom, who handily won a second term, did not immediately comment on the measure’s defeat. California’s wealthiest residents won’t see a tax increase after voters rejected a measure Tuesday that would have boosted rates on incomes above $2 million to help put more electric cars on the roads. Proposition 30′s defeat marks a win for… Continue reading California voters reject tax on rich for more electric cars
Early results show defeat for California Prop 30, a plan to tax the rich and fund EVs
Californians seem to be voting against a proposal on the midterm election ballot that would tax the wealthiest Californians to help pay for electric vehicle tax incentives and EV charging infrastructure in the state. With about 53% of the state’s votes counted, Proposition 30 was losing 57.3% to 42.7%, according to California’s Secretary of State. California… Continue reading Early results show defeat for California Prop 30, a plan to tax the rich and fund EVs
Lyft takes $135.7 million hit on Argo AI shutdown
Ride-hailing company Lyft lost $135.7 million in the third quarter due to the shutdown of autonomous vehicle company Argo AI, in which Lyft had a small stake. Late last month, Argo AI closed its doors as its main backers, Ford and Volkswagen, pulled their investments in order to focus on more near-term goals like advanced… Continue reading Lyft takes $135.7 million hit on Argo AI shutdown
Gallery
Nov 7 (Reuters) – Ride-hailing company Lyft Inc (LYFT.O) on Monday forecast current-quarter revenue slightly below Wall Street estimates, hurt by competition from Uber Technologies Inc even while demand for rideshare picks up and prices rise. Lyft’s shares were down 9% in extended trading. The stock has lost nearly 70% of its value so far… Continue reading Gallery