Articles tagged “lyft”

Can Tech Bros Navigate Austin’s SXSW Without the Help of Uber?

Can Tech Bros Navigate Austin’s SXSW Without the Help of Uber?

Joshua Brustein, Bloomberg

In this new era of regulation-light, consumer-hostile rule changes, Uber and Lyft probably won't have to wait long to get their way in the state of Texas.

3 weeks ago

Uber CEO’s Year Gets Worse as Leaked Video Highlights Conflict With Drivers

Uber CEO’s Year Gets Worse as Leaked Video Highlights Conflict With Drivers

Eric Newcomer, Bloomberg

Uber's CEO took a ride with a driver, who told him, “You’re dropping the prices.” The CEO gruffly replied that Uber doesn't owe drivers a living. That's true. But the company also shouldn't mislead drivers into thinking their net income will typically be higher than the minimum wage.

4 weeks ago

Cabbies Defaulting on Loans as Value of Taxi Medallions in NYC Plummets

Cabbies Defaulting on Loans as Value of Taxi Medallions in NYC Plummets

Polly Mosendz and Shahien Nasiripour, Bloomberg

A couple of years ago, taxi medallions in New York City were selling for $1.3 million. For many years the taxi industry thought their business -- which saw the number of licensed taxis in the city capped -- was an unending gravy train. Cabbies in many parts of the world are finding they will have to adapt to on-demand services or see their businesses die.

2 months ago

J.P. Morgan’s Healthcare Conference Is a Case Study in Hotel Compression Nights

J.P. Morgan’s Healthcare Conference Is a Case Study in Hotel Compression Nights

Jared S. Hopkins, Robert Langreth, and Caroline Chen, Bloomberg

Those of us who work with the hotel industry shouldn't be surprised by this tale, which demonstrates the pricing power properties can have when major events come to town.

2 months ago

Congress Is Close to Letting Government Biz Travelers Expense Uber and Lyft

Congress Is Close to Letting Government Biz Travelers Expense Uber and Lyft

Andrew Sheivachman, Skift

Government employees expensing ridesharing services is a huge win for Uber and Lyft. But if the government itself supports the use of transportation networking companies for its workers, what are the possible chances of them regulating the industry in the future?

2 months ago

Lyft Is Ditching the Pink Moustache for Light-up Beacons

Lyft Is Ditching the Pink Moustache for Light-up Beacons

Associated Press

Lyft is still just a small competitor compared to Uber, but improvements to the user experience should help the company gain more customers. At some point, function becomes way more important than cute branding.

4 months ago

Some Uber and Lyft Drivers Drop Riders Based on Race, MIT Study Finds

Some Uber and Lyft Drivers Drop Riders Based on Race, MIT Study Finds

Eric Newcomer, Bloomberg

Uber and Lyft have done a ton to blunt taxi industry racism by serving minority neighborhoods but at the same time some Uber and Lyft drivers, like many taxi drivers, are guilty of racist practices when it comes to avoiding minority customers. Like Airbnb, Uber and Lyft need to do something fast to address the problem, which is endemic in the ground-transportation industry.

5 months ago

Traditional Car Services Won’t Disappear From Corporate Travel Anytime Soon

Traditional Car Services Won’t Disappear From Corporate Travel Anytime Soon

Andrew Sheivachman, Skift

While ridesharing has gained solid traction in corporate travel, the business model of traditional car services providing ground transportation to companies is still strong. What remains to be seen is whether car services will widely adopt more user-friendly interfaces for hailing cars on demand.

5 months ago

Uber and Lyft’s Growth Is Slowing in Most Major U.S. Cities

Uber and Lyft’s Growth Is Slowing in Most Major U.S. Cities

Dan Peltier, Skift

Ridesharing growth in the U.S. is slowing but it's not stopping. If Uber, Lyft and other relevant players can stick to the markets and consumer segments that matter they'll continue to capture them.

6 months ago

Is Uber’s Huge Commission Rate a Red Flag and Opportunity for Competitors?

Is Uber’s Huge Commission Rate a Red Flag and Opportunity for Competitors?

Shira Ovide, Bloomberg

Uber's high commissions -- which piss off drivers -- represent an opportunity for competitors, although Lyft's take rate is roughly on par with Uber's. At some point, Uber might need to hurt its own bottom line by being more generous with its drivers -- especially since driverless cars aren't around the corner.

6 months ago

Uber Loses Early Battle to Lyft Over Fake Ride Dirty Trick Claims

Uber Loses Early Battle to Lyft Over Fake Ride Dirty Trick Claims

Joel Rosenblatt, Bloomberg

Arbitration requirements by tech upstarts are an insult to their users — both drivers and passengers alike.

7 months ago

Google Challenging Uber With New Waze-Powered Ride-Share Service

Google Challenging Uber With New Waze-Powered Ride-Share Service

Dennis Schaal, Skift

Google-owned Waze is a compelling navigation app, but whether Google can turn it into the foundation for a winning ride-share service will have to be tested in the marketplace over the next few months and years. Google is a latecomer to the field, although the sector is likely to undergo more disruption and a revolution in years to come.

7 months ago