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
Tag: Lyft
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
Uber’s new roadmap to profitability draws Wall Street praise
(Reuters) – Shares of Uber Technologies Inc (UBER.N) rose on Friday after the ride-hailing company laid out an ambitious plan to be profitable by the end of 2020, a year ahead of its previous target as it tries to squash Wall Street doubts over its long-term viability. FILE PHOTO: File photo: The company logo for… Continue reading Uber’s new roadmap to profitability draws Wall Street praise
Ride-share startup HopSkipDrive raises $22 million to focus on school transportation
It’s no secret that it’s hard to make the economics work at drive-share companies. That may explain the success to date of HopSkipDrive, a six-year-old, L.A.-based company that pairs drivers with both families but also, crucially, school districts. Specifically, the now 100-plus person company has deals in place with school districts in 13 markets across… Continue reading Ride-share startup HopSkipDrive raises $22 million to focus on school transportation
Lyft: Generalization in Autonomous Vehicle Development
By: Emil Praun, Principal Engineer and Michael Benisch, Engineering Director A common challenge when deciding which autonomous problems to solve first is how to balance breadth versus depth. Going broad means expanding the Operational Design Domain (ODD) of situations that an autonomous vehicle (AV) can handle. Example situations include operating on highways and city streets,… Continue reading Lyft: Generalization in Autonomous Vehicle Development
@GM: GM Reports Earnings and Provides 2020 Outlook DETROIT — General Motors Co. (NYSE: GM) today reported solid 2019 full-year earnings that were heavi…
DETROIT— General Motors Co. (NYSE: GM) today reported solid 2019 full-year earnings that were heavily impacted by a work stoppage in the third and fourth quarters. However, underlying performance remained strong, driven by sales of GM’s all-new full-size pickups and the company’s ongoing cost actions. Full-year 2019 results: EPS-diluted of $4.57 and EPS-diluted-adjusted of $4.82<… Continue reading @GM: GM Reports Earnings and Provides 2020 Outlook DETROIT — General Motors Co. (NYSE: GM) today reported solid 2019 full-year earnings that were heavi…
GM Reports Earnings and Provides 2020 Outlook
DETROIT, Feb. 5, 2020 /PRNewswire/ — General Motors Co. (NYSE: GM) today reported solid 2019 full-year earnings that were heavily impacted by a work stoppage in the third and fourth quarters. However, underlying performance remained strong, driven by sales of GM’s all-new full-size pickups and the company’s ongoing cost actions. Full-year 2019 results: EPS-diluted of $4.57… Continue reading GM Reports Earnings and Provides 2020 Outlook
Lyft: Testing Self-Driving Rides With Employees
by Luc Vincent, EVP of Autonomous Technology Since day one, Lyft’s mission has been to improve people’s lives with the world’s best transportation. We started by innovating ways for people to get around — first enabling neighbors to share car rides, then offering shared bikes and scooters. Over the last two and a half years, we’ve made… Continue reading Lyft: Testing Self-Driving Rides With Employees
Lyft: Lyft Driver Advisory Council (DAC) Explained
Started in 2016, the Driver Advisory Council (DAC) program brings driver feedback directly to Lyft and helps the team understand drivers’ experiences better. In 2019, the program grew from 10 national council members to over 200 members across the US and Canada. And on January 15, 2020, over 100 new DAC members joined the ranks. … Continue reading Lyft: Lyft Driver Advisory Council (DAC) Explained
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