Articles tagged “lyft”

Uber’s Rivals Think Now Is the Time to Ramp up European Expansion

Uber’s Rivals Think Now Is the Time to Ramp up European Expansion

Giles Turner, Bloomberg

Given Uber's ability to keep shooting itself in the foot, it's amazing that no serious competition has emerged in places like London and Paris. However, this could all be about to change.

2 weeks ago

Alphabet Leads Latest Lyft Funding Round as IPO Looms

Alphabet Leads Latest Lyft Funding Round as IPO Looms

Eric Newcomer, Bloomberg

Lyft is looking to finally stop losing money as it prepares to go public in the coming years. More funding will help them finance their Canada expansion and corporate travel push.

2 months ago

Honolulu Airport Tests Ridesharing Services

Honolulu Airport Tests Ridesharing Services

Associated Press

As in other destinations, consumer demand is driving the testing of ridesharing services at Honolulu Airport. The taxi industry is going to have to try to adapt. Travelers coming in and out of the airport will now have some more reasonable transportation options.

2 months ago

Lyft Begins Its Business Travel Journey — Corporate Travel Innovation Report

Lyft Begins Its Business Travel Journey — Corporate Travel Innovation Report

Andrew Sheivachman, Skift

One should expect Lyft to officially partner with more big travel management companies over the next year. It'll be interesting to see how the company's corporate travel push lines up with its international expansion aspirations.

2 months ago

Lyft Finally Goes Corporate With Carlson Wagonlit Travel Deal

Lyft Finally Goes Corporate With Carlson Wagonlit Travel Deal

Andrew Sheivachman, Skift

Lyft is playing catch up in the corporate travel sector, and partnerships with the major global travel management companies are a good way to increase adoption. Uber's lead, however, remains enormous.

2 months ago

Popularity of Ridehailing Services Will Hurt New Car Sales

Popularity of Ridehailing Services Will Hurt New Car Sales

Joe Ryan and David Welch, Bloomberg

Car ownership has been a mainstay of high-income economies since Henry Ford pioneered mass production in the early part of the 20th century. The rise of ridehailing companies like Uber is changing the game, but the greater shock to the system will be when self-driving cars become a reality.

2 months ago

Lyft Will Enter Canada as Its First Foreign Market

Lyft Will Enter Canada as Its First Foreign Market

Natalie Wong, Bloomberg

In Formula One, a racecar will go where the driver's eyes go. In capitalism, a startup will go where its investors see the most potential for market share gain. In the race between Lyft and Uber in Canada, the real winner now is the consumer, thanks to discounting.

2 months ago

Lyft’s Share of the U.S. Market Is Growing Faster Than Rival Uber Would Like

Lyft’s Share of the U.S. Market Is Growing Faster Than Rival Uber Would Like

Mark Bergen and Eric Newcomer, Bloomberg

Uber's challenge now is that its rival's success is driven by the delete-Uber movement in big markets as well as the negative connotations in other markets. It needs to reset the story to succeed.

2 months ago

Waymo Is Converting Standby Drivers In Driverless Cars Into Mere Passengers

Waymo Is Converting Standby Drivers In Driverless Cars Into Mere Passengers

Michael Liedtke, Associated Press

Like a Lyft car on a map approaching from around the bend, Waymo's truly driverless cars — and trucks — are approaching and getting closer to reality. The plan is to license them to automakers, and to enable Lyft, which is a Google partner, to put them on the road.

3 months ago

Lyft Continues Steady Rise in Popularity Among Business Travelers

Lyft Continues Steady Rise in Popularity Among Business Travelers

Andrew Sheivachman, Skift

Signs point to an ongoing malaise for Uber, but Lyft still lags behind in overall usage by business travelers.

3 months ago

Internet Billionaires Are Playing a Game of Chess With Uber and Lyft as Pawns

Internet Billionaires Are Playing a Game of Chess With Uber and Lyft as Pawns

Eric Newcomer, Bloomberg

The battle for the future or transportation — self-driving cars included — looks like it'll be a dramatic one as these tech billionaires duke it out via their deep pockets.

3 months ago

Lyft Gets $1 Billion to Fight Uber With Alphabet-Led Investment

Lyft Gets $1 Billion to Fight Uber With Alphabet-Led Investment

Eric Newcomer, Bloomberg

Lyft is still a distant second to Uber in the ridesharing wars, but this investment should help the smaller company gain more ground.

3 months ago