Articles tagged “lyft”

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.

3 days 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.

6 days 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.

2 weeks 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.

4 weeks 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.

4 weeks 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.

4 weeks ago

Ride-Sharing Apps Like Uber and Lyft Are Contributing to Urban Congestion

Ride-Sharing Apps Like Uber and Lyft Are Contributing to Urban Congestion

Justin Fox, Bloomberg

Like any new technology or service, there are often unintended consequences. Uber, Lyft and others are putting more cars on the road, which isn't great, but on the other hand they make for more affordable transportation and possibly see fewer people driving drunk. So there's that.

1 month ago

Uber’s Path to $70 Billion Won’t Be Kind and Gentle

Uber’s Path to $70 Billion Won’t Be Kind and Gentle

Leila Abboud, Bloomberg

It will be a challenge for Uber to repair its image and conduct damage control while continuing to grow globally with an eye on going public.

2 months ago

Lyft Looks to Ford to Help It With Self-Driving Car Ambitions

Lyft Looks to Ford to Help It With Self-Driving Car Ambitions

Eric Newcomer, Bloomberg

Lyft has other technology issues to focus on as well, like gettting its drivers to show up on the same side of the street as its riders. We think it and Uber are over iterating with autonomous cars.

2 months ago

Google Could Take Revenge on Uber With $1 Billion Lyft Investment

Google Could Take Revenge on Uber With $1 Billion Lyft Investment

Mark Bergen and Eric Newcomer, Bloomberg

While Alphabet's Waymo self-driving car unit is tied up with litigation against Uber, Alphabet/Google can inject some much-needed cash into Lyft. Side note: Uber's new CEO, the former Expedia boss, would have another reason to be miffed at Google.

2 months ago

Lyft Has Been Taking Advantage of Uber’s Troubles to Gain Ground

Lyft Has Been Taking Advantage of Uber’s Troubles to Gain Ground

Michael Liedtke and Tom Krisher, Associated Press

Lyft would be silly not to take advantage of Uber's self-inflicted errors in order to gain ground.

2 months ago

Lyft Takes Advantage as Uber Ponders Big Changes

Lyft Takes Advantage as Uber Ponders Big Changes

Michael Liedtke and Tom Krisher, Associated Press

Uber has slowly been losing ground in the U.S. but remains the dominant ridesharing company. For that to change, Lyft is going to have to become more aggressive than it's been in the past, and expanding into 32 new states is a key part of that strategy.

3 months ago