Lyft

Stories 1 - 20 |  Next >>

Uber, Lyft Spent a Wild Amount, Came Out on Top in California

Proposition 22 passes, so workers can remain independent contactors

(Newser) - There was at least one clear winner on election night: Uber, Lyft, Instacart, and other delivery and ride-share companies, which can stick with classifying their California workers as independent contractors. Voters in the state came out 58% to 42% in favor of Proposition 22, which allows the companies to skirt... More »

Election Day Have You Stressed, Hungry? Check Out the Freebies

Doughnuts, chicken, and massages are gratis

(Newser) - Once you've voted, head to the gym for a free workout and massage, then reward yourself with a free doughnut. Still waiting around for election results early Wednesday? You can snag a free coffee, too. It's all possible with perks offered by various businesses this Election Day, which... More »

Uber, Lyft Threaten to Stop Service in Calif.

They're not happy about ruling in gig-worker case

(Newser) - Uber and Lyft are threatening to halt service in California over an order requiring them to start treating drivers like employees instead of contractors and provide benefits including sick pay. The order was issued Monday by a San Francisco Superior Court judge who granted a request from California Attorney General... More »

Uber Was Supposed to Ease Traffic. We Got the Opposite

Studies suggest ride-sharing makes congestion worse

(Newser) - In the early days of Uber and Lyft, executives and proponents made bold promises of reducing traffic. "If every car in San Francisco was Ubered, there would be no traffic," then-CEO Travis Kalanick famously said five years ago. The idea was that multiple strangers would be sharing rides... More »

Passengers Call for a Lyft, Get Will Smith as Driver

Actor was promoting 'Bad Boys for Life'

(Newser) - Four Florida passengers were in for a shock when actor Will Smith answered their Lyft call and gave them a ride around town, the AP reports. The actor was in Miami promoting his new movie, Bad Boys for Life, over the weekend. He picked up four riders in a 2020... More »

Uber Posts Biggest-Ever Quarterly Loss

Company lost $5.24B in 3 months

(Newser) - Uber lost $5.24 billion in the second quarter of 2019—its largest quarterly loss ever—after making huge stock-based payouts in the months following its initial public offering. The ride-hailing giant says it paid $3.9 billion in stock-based compensation and expenses during the quarter. It also paid $298... More »

Police: Guy Shoots Up Mobile Home, Calls Lyft to Flee the Scene

Lyft driver was 'shook up' by the whole thing

(Newser) - Not a great idea: using a car-share service as your getaway vehicle. Police say Issa Amer Ishtawi, 20, broke into a mobile home in Portage, Indiana, fired a gun, took one of the residents outside and then fired more into the mobile home, hitting one person in the foot and... More »

Uber Driver Ordered to Pay $500K to Torture Victim

Yusuf Abdi Ali was commander in Somali military

(Newser) - Uber and Lyft say they have permanently removed accused war criminal Yusuf Abdi Ali from their apps. The Somali ex-colonel, who drove for the rideshare apps in northern Virginia, was ordered to pay torture victim Farhan Tani Warfaa $500,000 by a jury in the state Tuesday, the Washington Post... More »

Another Ride-Sharing Giant Just Went Public

Uber shares were going for $45 each, raising $8.1B, just weeks after Lyft's IPO

(Newser) - With a ring of the opening bell, Uber began picking up passengers as a newly minted public company Friday, giving investors a chance to bet on a service with huge potential but a long way from turning a profit. Shares in the ride-hailing giant were sold in an initial public... More »

Expect Fewer Ubers on the Road Today

Drivers striking ahead of company's IPO debut

(Newser) - Uber drivers from Australia to the UK, including in at least 10 US cities, are logging off the app Wednesday to protest the company's Friday IPO offering. With Uber's expected $90 billion valuation, drivers say investors stand to get rich, while they struggle with low pay, limited benefits,... More »

As Lyft Goes Public, Founders Get Very Rich

$510M for John Zimmer and $700M for Logan Green, reports 'Forbes'

(Newser) - Think ride-hailing is the future of transportation? It's now possible to put some money behind your faith. Lyft began trading publicly on the Nasdaq exchange Friday, and investors seemed receptive. Shares opened at $87.24, roughly 21% higher than the $72 the company settled on for its IPO, reports... More »

Lyft's IPO Stats: Fast Growth, Big Losses

Company will be going public in March or April

(Newser) - Lyft got the ball rolling Friday on what the Wall Street Journal expects will be one of the busiest seasons for tech IPOs in years. Lyft won't actually go public until late March or early April, but it released its IPO documentation to give the public a glimpse into... More »

Cops: Pregnant Lyft Driver Murdered by Passenger

Arizona man was found driving her vehicle

(Newser) - A pregnant Lyft driver in her third trimester was brutally murdered by a passenger early Sunday, police in Arizona say. Police say Kristina Howato, 39, was fatally stabbed by 20-year-old Fabian Durazo after she responded to a call for a ride from him in Tempe around 1am, the Arizona Republic... More »

Report: Ride-Hailing Firm Plans a Huge Change

Uber could issue IPO in early 2019

(Newser) - Ride-hailing giant Uber has filed confidential preliminary paperwork for selling stock to the public, the AP reports. That's according to a report late Friday in the Wall Street Journal . Citing people familiar with the matter whom it did not identify, the Journal says San Francisco-based Uber Technologies Inc. filed... More »

Report: 30% of Uber, Lyft Drivers Actually Lose Money Driving

Uber calls new research 'deeply flawed'

(Newser) - A new report from the MIT Center for Energy and Environmental Policy Research found a full 30% of Uber and Lyft drivers are actually losing money while working due to costs associated with the job. The Guardian reports the situation isn't much better for the other 70%, as the... More »

Missing Uber Driver May Have Called 911

Joshua Thiede was last seen February 11 in Los Angeles

(Newser) - A Los Angeles driver for Uber and Lyft has been missing for days and police have asked the public for help. Joshua Thiede was last seen Feb. 11 in Los Angeles, the LA Times reports. The 29-year-old's mother, Janet Thiede, said phone records show that somebody called 911 from... More »

Family Says Son Died After Lyft Driver Left Him on Freeway

23-year-old Justin Lavelle killed by hit-and-run driver Jan. 31

(Newser) - The California Highway Patrol is investigating after a 23-year-old Lyft passenger somehow ended up on a Los Angeles freeway, where he was killed by a hit-and-run driver, CBS Los Angeles reports. According to NBC Los Angeles , Justin Lavelle was taking a Lyft from West Hollywood to Long Beach early Jan.... More »

Why Lyft Is 'Devastated' Over Temple Student's Murder

Cops say suspect moved Jenna Burleigh's body using the transportation service

(Newser) - Police are continuing to piece together the murder of Temple University student Jenna Burleigh and say they now know how her alleged killer moved her body 150 miles from Philadelphia. After killing the 22-year-old, Joshua Hupperterz, 29, put her remains in a storage bin and transported it to his mother'... More »

Lyft's New Partner: Taco Bell

Idea is to encourage trips through drive-thru on the way home

(Newser) - It's apparently a fairly common question posed to drivers who work for the likes of Lyft or Uber: Is it OK to swing by a fast-food drive-thru on the way home? Now Lyft is not only answering the question in the affirmative, it's encouraging the practice. The company... More »

A New Uber Foe: Partnership of Lyft, Alphabet's Waymo

Self-driving vehicle sector just got even more competitive with new deal announcement

(Newser) - Lyft has the brawn via its nationwide fleet of taxis, Waymo has the brains with its self-driving technology, and together they just decided to make lots of money. The Wall Street Journal and New York Times report on a Sunday announcement from the two companies on a sparsely detailed deal... More »

Stories 1 - 20 |  Next >>
Popular on Newser
We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.