Sponsored Links AP Photo/Ross D. Franklin Ride-hailing services might seem environmentally friendly by reducing the need for car ownership. However, that’s not necessarily the case — they might actually make matters worse. A newly published study from the Union of Concerned Scientists estimates that services like Uber and Lyft typically generate 69 percent more CO2… Continue reading Uber, Lyft may create more CO2 emissions than trips they displace
Tag: Lyft
NHL Seattle to spend $7M on Monorail upgrades and offer transit incentives to get fans to new arena
An artist rendering of the Seattle Center Monorail, with NHL Seattle branding, as it passes the Museum of Pop Culture toward its Seattle Center station. (NHL Seattle Image) The hype around hockey in Seattle has the potential to turn into heartache for those who get stuck in traffic in the congested corridors that feed the… Continue reading NHL Seattle to spend $7M on Monorail upgrades and offer transit incentives to get fans to new arena
Uber is putting video ads on top of its cars, and it’s ramping up with 1,000 vehicles across three US cities
Uber has signed a deal ad-tech company Adomni and has created a whole new wing of its business dedicated to putting advertising on cars, Adweek reports. Initially Uber will run a pilot test in three US cities, placing advertising car-toppers on 1,000 vehicles. The pilot will run until April 1. This marks a major new… Continue reading Uber is putting video ads on top of its cars, and it’s ramping up with 1,000 vehicles across three US cities
Lyft buys a startup that runs ads on top of ridesharing cars
Sponsored Links Halo Cars Lyft might have another way to generate revenue from trips. The company has acquired Halo Cars, a startup that lets drivers for app-based car services run taxi-style ads on top of their vehicles. A spokesperson for the ridesharing giant didn’t outline the intentions for the deal, but Axios speculated that Halo’s… Continue reading Lyft buys a startup that runs ads on top of ridesharing cars
Lyft buys digital car-top advertising startup Halo Cars
Feb 21 (Reuters) – Lyft Inc has bought U.S.-based startup Halo Cars, which allows drivers to make money through digital advertisements displayed on top of their vehicles. The deal, first reported by Axios, was confirmed by the ride-hailing company on Friday. Lyft did not comment on the financing of the deal. Halo Cars was founded… Continue reading Lyft buys digital car-top advertising startup Halo Cars
Magna Announces Fourth Quarter and 2019 Results and Raises Quarterly Cash Dividend per Share by 10%
Fourth Quarter 2019 HighlightsCash from operations increased to $1.70 billion, despite lower sales and earningsReturned $365 million to shareholders through share repurchases and dividendsRaised quarterly cash dividend by 10% to $0.40 per shareFull Year 2019 HighlightsRecord cash from operations of $3.96 billion, despite lower sales and earningsReturned approximately $1.7 billion to shareholders through share repurchases and… Continue reading Magna Announces Fourth Quarter and 2019 Results and Raises Quarterly Cash Dividend per Share by 10%
Cabify Beats Uber, Lyft to Profitable Sustainability
Cabify says it is the first mobility company in the sector that is financially sustainable. Photo via Cabify. Cabify, a Spanish mobility as a service (MaaS) copany, achieved for the first time, in the last quarter of 2019, an operating profit or EBITDA for $3 million dollars. Cabify’s consolidated net revenues in 2019 amounted to $104 million, up 11% from… Continue reading Cabify Beats Uber, Lyft to Profitable Sustainability
A self-driving start-up pulls in rare revenues by keeping its ambitions low – Los Angeles Times
May Mobility Inc.’s boxy white-and-green self-driving shuttle pulls up to a damp corner in downtown Detroit. Its big doors swing out, revealing a safety driver and six seats that face each other. It’s more comfortable than a subway car or most buses, but not by much. The shuttle slips down a bus lane and stops… Continue reading A self-driving start-up pulls in rare revenues by keeping its ambitions low – Los Angeles Times
The CEO of a scooter startup owned by Ford explains why it’s a good thing that his employees are unionizing — and how it could help Spin get a leg up on Bird and Lime
Forty workers who manage Spin’s fleet of scooters in December voted to unionize. Even before the decision, the Ford-owned startup had classified the workers as employees instead of independent contractors, giving them access to the associated benefits that come with employment. In an interview, Spin’s founder explained why the investments in training and benefits may… Continue reading The CEO of a scooter startup owned by Ford explains why it’s a good thing that his employees are unionizing — and how it could help Spin get a leg up on Bird and Lime
Lyft: Lyft Announces Record Fourth Quarter and Fiscal Year Results
Surpasses $1 billion in quarterly revenue, up 52% year-over-yearFiscal 2019 revenue of $3.6 billion up 68% year-over-yearIssues outlook for fiscal 2020 SAN FRANCISCO, Feb. 11, 2020 (GLOBE NEWSWIRE) — Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its fourth quarter and fiscal year ended December 31, 2019. Fourth Quarter 2019 Financial Highlights Lyft reported Q4… Continue reading Lyft: Lyft Announces Record Fourth Quarter and Fiscal Year Results