Tag: Uber

Lyft expands free voter rides to all US primaries

Sponsored Links Atilgan Ozdil/Anadolu Agency/Getty Images Lyft is bringing back its free rides for voters during the 2020 US election cycle, and this time it won’t be limited to the final vote. The ridesharing firm is expanding its Voting Access Program to offer no-cost rides to polls through the entire primary calendar and general election,… Continue reading Lyft expands free voter rides to all US primaries

Lyft had an edge on the hot e-bike market. Then things went wrong – CNN

Lyft entered into the e-bike market in 2018 when it bought New York City-based Motivate, which operates the country’s largest bikeshare fleets. Earlier that year, Motivate had begun testing ebikes in New York, Washington DC and San Francisco and they were quickly becoming more popular than regular bikes. But last year, a series of accidents… Continue reading Lyft had an edge on the hot e-bike market. Then things went wrong – CNN

How Bykea is winning Pakistan’s ride-hailing and delivery market

With less than $7M in VC funding, the startup is beating Uber Manish Singh 12 hours Increasingly, the streets of Karachi and Lahore are being flooded with men riding bikes and wearing green T-shirts, a writer friend recently told me. In a sense, these men represent the emergence of Pakistan’s tech startups. India now has… Continue reading How Bykea is winning Pakistan’s ride-hailing and delivery market

Indian ride-hailing firm Ola to launch in London on February 10

After opening an office in the city last year, Indian ride-hailing firm Ola said it would officially begin operations in London on February 10. London is one of the world’s biggest markets for ride-hailing services, and the expansion is a key development in Ola’s international strategy as the company widens its competition with Uber, another… Continue reading Indian ride-hailing firm Ola to launch in London on February 10

Aurora can now give the public rides in its self-driving cars – TechCrunch

Aurora has been given permission by California regulators to transport passengers in its self-driving vehicles, TechCrunch has learned. The California Public Utilities Commission granted Aurora a permit, which was posted on its website Wednesday, to participate in the state’s Autonomous Vehicle Passenger Service pilot. Aurora confirmed the approval. “This permit lets us give rides powered by the… Continue reading Aurora can now give the public rides in its self-driving cars – TechCrunch

Lyft Plans Job Cuts as Part of Restructuring – The New York Times

SAN FRANCISCO — Lyft said on Wednesday that it was embarking on a corporate restructuring that would result in job cuts, as the ride-hailing company grapples with questions about whether it can make money. The layoffs will affect around 90 people in Lyft’s marketing and enterprise sales departments, the company said. In marketing, Lyft is… Continue reading Lyft Plans Job Cuts as Part of Restructuring – The New York Times

SoftBank wants its on-demand portfolio to stop losing so much money

SoftBank wants its competing portfolio companies to stop losing so much money and, in some cases, to merge. That’s the news out from Financial Times today, which reported that Uber and DoorDash discussed merging last year. The talks didn’t wind up in a deal. The two companies, each heavily backed by SoftBank and its formerly… Continue reading SoftBank wants its on-demand portfolio to stop losing so much money

Lyft is planning to cut 90 jobs and make changes to its marketing and sales teams, ahead of its February earnings report (LYFT)

Lyft is planning to cut jobs and restructure teams, in news first reported by the New York Times Since its debut on the public market last April, Lyft has fended off investor concerns and questions on its ability to turn a profit.  The report comes ahead of the company’s first fiscal quarter earnings report in… Continue reading Lyft is planning to cut 90 jobs and make changes to its marketing and sales teams, ahead of its February earnings report (LYFT)

Lyft confirms 90 layoffs as it targets profitability

Shares of popular American ride-hailing giant Lyft are off 1.5% today in regular trading after The New York Times reported that the company would cut some staff. TechCrunch confirmed with the company that 90 individuals are expected to be impacted by the changes. The company’s shares dipped as far as 3% before recovering. In a… Continue reading Lyft confirms 90 layoffs as it targets profitability