Articles tagged “lyft”

Lyft Is Beating Its Financial Goals But Faces Long Road to Profitability

Lyft Is Beating Its Financial Goals But Faces Long Road to Profitability

Selina Wang and Eric Newcomer, Bloomberg

Lyft's growth shows that Uber still hasn't locked up the U.S. ridesharing market. The #DeleteUber backlash has certainly contributed to Lyft's gains.

4 weeks ago

Lyft Drivers Sue Uber Over Allegations of Spying

Lyft Drivers Sue Uber Over Allegations of Spying

Pamela MacLean, Bloomberg

Could things be any worse for Uber right now?

1 month ago

This Tiny Resort Island Doesn’t Want Uber or Lyft

This Tiny Resort Island Doesn’t Want Uber or Lyft

Matt O'Brien, Associated Press

If Austin tourism can still thrive despite the loss of Uber and Lyft, perhaps Block Island's resistance to ridesharing apps isn't a bad thing, either.

1 month ago

Uber’s Growth Is Stalling Among U.S. Business Travelers

Uber’s Growth Is Stalling Among U.S. Business Travelers

Andrew Sheivachman, Skift

Even if its growth has slowed gradually, Uber still has a huge advantage over its rivals in corporate travel. Its global scale, as well, bodes well for Uber continuing to grow as an option for international business travelers.

1 month ago

Uber Spied on Lyft Drivers Who Drove for Both Companies, Report Finds

Uber Spied on Lyft Drivers Who Drove for Both Companies, Report Finds

Associated Press

All the more reason to #deleteUBER?

1 month ago

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 months 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.

3 months 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.

4 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.

4 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?

4 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.

6 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.

7 months ago