FILE PHOTO: An empty Lyft pick-up area is shown in Los Angeles, California, U.S., August 20, 2020. REUTERS/Mike Blake (Reuters) – Ride-hailing firm Lyft Inc said on Tuesday that its trips rose 7.3% in August from July as operations in Canada recovered faster than in the United States. But the novel coronavirus pandemic is still… Continue reading Lyft rides recover slightly in August, remain down 53% from last year
Tag: Lyft
@niche: Three Layers: The auto industry’s radical future structure000065
By: Daniel BarelCo-Founder and CEO of REE Rapid growth in electrification is driving a seismic shift in how the automotive industry builds cars. But an even more fundamental change is taking place thanks to e-mobility, writes Daniel Barel, Co-Founder and CEO of electric vehicle platform maker REE When Henry Ford started building cars, his factory… Continue reading @niche: Three Layers: The auto industry’s radical future structure000065
Uber and Lyft Consider Franchise-Like Model in California
OAKLAND, Calif. — Uber and Lyft, which are facing mounting pressure to classify their freelance drivers as employees in California, are looking for another way. One option that both companies are seriously discussing is licensing their brands to operators of vehicle fleets in California, according to three people with knowledge of the plans. The change… Continue reading Uber and Lyft Consider Franchise-Like Model in California
The Station: Canoo paddles into the SPAC current and the next threat to micromobility
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. Let’s… Continue reading The Station: Canoo paddles into the SPAC current and the next threat to micromobility
Human Capital: What’s next in Uber and Lyft’s court battle and a look at board diversity in Silicon Valley
Welcome back to Human Capital, where we unpack the latest in diversity, equity and inclusion, and labor issues in the tech industry. In this week’s edition, we’re looking at the latest in Uber and Lyft’s court battle to keep their drivers classified as independent contractors, Pinterest’s well-timed announcement of a Black board member, overall board… Continue reading Human Capital: What’s next in Uber and Lyft’s court battle and a look at board diversity in Silicon Valley
California court ruling gives voters last word over Uber, Lyft worker rights
LOS ANGELES/NEW YORK (Reuters) – A California appeals court ruling on Thursday avoided a shutdown of ride-hailing services Uber and Lyft in the state, effectively handing a decision over gig worker benefits and pay to voters in a November ballot measure. Rideshare driver Jesus Jacobo Zepeda of Lancaster, California takes part in a rally as… Continue reading California court ruling gives voters last word over Uber, Lyft worker rights
Judge grants Uber and Lyft temporary stay in driver reclassification case
A California appeals court judge has granted Uber and Lyft’s emergency stay. This means the preliminary injunction that sought to force companies to reclassify their drivers as employees will not go into effect this Friday. The court is now reviewing Uber and Lyft’s appeal to overturn the trial court’s ruling. Oral arguments in the case… Continue reading Judge grants Uber and Lyft temporary stay in driver reclassification case
BMW and Daimler’s ride-hailing service Free Now says operations are profitable and it has beaten Uber to a 2-year license in London
Free Now, Uber’s big ride-hailing competitor in Europe, says its overall European operations are profitable in contrast to US rivals. Free Now also won a two-year license to operate in London in August. Uber meanwhile is scrabbling to appeal a 2019 decision to scrap its London license. Free Now is owned by two European car… Continue reading BMW and Daimler’s ride-hailing service Free Now says operations are profitable and it has beaten Uber to a 2-year license in London
Ride-hailing’s collapsing house of cards
Uber and Lyft need to prove they’re economically viable, but doing so while keeping its customer base seems impossible. Go to Source
Lyft: Lyft Announces Second Quarter Results
Results reflect strong cost management and execution in challenging environment Ended quarter with $2.8 billion of unrestricted cash, cash equivalents and short-term investments SAN FRANCISCO, Aug. 12, 2020 (GLOBE NEWSWIRE) — Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its second quarter ended June 30, 2020. “While rideshare rides in the quarter were down significantly… Continue reading Lyft: Lyft Announces Second Quarter Results