Articles tagged “lyft”

New Loyalty Partnerships Launch Between Hilton and Lyft, Alaska and El Al

New Loyalty Partnerships Launch Between Hilton and Lyft, Alaska and El Al

Grant Martin, Skift

For those still loyal to the travel industry, a new spate of partnerships will now make it easier to earn miles and points across airlines, hotels, and shared cars. And with zero barrier to entry, some passengers may find a windfall.

2 days ago

Hilton and Lyft Launch Loyalty Partnership

Hilton and Lyft Launch Loyalty Partnership

Grant Martin, Skift

Hilton and Lyft's new loyalty partnership is a win-win for travelers. On one hand, Hilton members get completely free points for riding in Lyfts. On the other, it'll also soon be possible to book rides with extra loyalty points.

1 week ago

Lyft IPO Teaches Lessons to Other Rising Travel Startups

Lyft IPO Teaches Lessons to Other Rising Travel Startups

Sean O'Neill, Skift

Several travel startups dream of going public. Lyft's initial public offering shows that profitability isn't necessarily as important as growth in the eyes of some investors, among some other key lessons.

2 months ago

Lyft Posts Big Gains in Public Debut As It Continues to Lose Money

Lyft Posts Big Gains in Public Debut As It Continues to Lose Money

Olivia Zaleski and Eric Newcomer, Bloomberg

Lyft lost $911 million on revenues of $2.2 billion last year. Yet its stock closed up more than 8 percent on the day of its IPO. What a world.

2 months ago

Uber Buys Middle East Rival Careem for $3.1 Billion

Uber Buys Middle East Rival Careem for $3.1 Billion

Eric Newcomer, Bloomberg

Aside from getting rid of a worthy competitor and making it family, the deal bolsters Uber’s position as a global player against rival Lyft as both head for a public listing.

2 months ago

Lyft’s Good Problem to Have: Its IPO Is Oversubscribed

Lyft’s Good Problem to Have: Its IPO Is Oversubscribed

Olivia Zaleski and Eric Newcomer, Bloomberg

Looks like Lyft's initial public offering is already oversubscribed. Investors are willing to overlook its significant losses and forget that strong demand ahead of an offering does not mean success in public markets. As Facebook has shown.

2 months ago

Lyft Expected to Reveal a $2 Billion IPO Plan Anytime Now

Lyft Expected to Reveal a $2 Billion IPO Plan Anytime Now

Olivia Zaleski and Eric Newcomer, Bloomberg

Lyft aims for a market valuation of $20 billion to $25 billion, which will make its offering the biggest from a technology upstart since Snap’s IPO two years ago.

2 months ago

Lyft Aims to Reward Loyal Drivers While Going Public

Lyft Aims to Reward Loyal Drivers While Going Public

Krista Gmelich, Bloomberg

One of Lyft's major risk factors is the possibility of its drivers bailing to another competing service for some reason. This move will generate goodwill with the company's most loyal drivers, and others who are willing to buy into Lyft's long-term future.

3 months ago

Lyft Readies to Go Public Before Rival Uber

Lyft Readies to Go Public Before Rival Uber

Olivia Zaleski and Eric Newcomer, Bloomberg

Lyft's core focus was on growing in the U.S. while Uber jockeyed for global dominance. It didn't quite work out for Uber, and Lyft is now likely to beat it to the punch as a public company even though both are still losing money.

3 months ago

How Much Longer Can Lyft Maintain Its Friendly Image?

How Much Longer Can Lyft Maintain Its Friendly Image?

Eric Newcomer, Bloomberg

Lyft has earned a reputation for being the nice guy, but that can't last long if it wants to be number one in a cutthroat industry.

4 months ago

Where Do Government Employees Go When They’re Not Being Paid? Uber and Lyft.

Where Do Government Employees Go When They’re Not Being Paid? Uber and Lyft.

Carlyann Edwards, Bloomberg

This is now the second paycheck government workers have missed, thanks to the ongoing political stalemate. More and more employees are having to swap their supposedly steady jobs with work in the gig economy.

4 months ago

How Lyft Tries to Hook Biz Travelers

How Lyft Tries to Hook Biz Travelers

Andrew Sheivachman, Skift

Lyft wants to become a bigger part of business travel life by offering rewards and more flexible transportation options. And if they start using Lyft in their personal lives as well, that's a big bonus.

4 months ago