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Massachusetts Uber, Lyft drivers certify first statewide ride-hailing union amid automation fearsThe victory could provide a model for similar campaigns gaining traction in states including California and Illinois, where labor organizer...- Lyft to buy Gett’s UK taxi business, marking its third international acquisitionLyft is expanding its global reach by acquiring the UK business of London black cab app Gett. This move significantly boosts Lyft's driver ...
- Lyft's weak adjusted core profit forecast, surprise 2025 loss send shares tumblingThe forecast marks a setback for the ride-hailing provider's comeback, fueled by a year of improving bookings growth, higher margins and ex...
- Lyft bets on global expansion, smaller cities focus to drive growthLyft said Freenow, its European operations, which it acquired earlier this year, is projected to add over six million riders to its platfor...
- Lyft's soft forecast fans worries of losing ground to Uber, shares tankShares of Lyft fell 16% due to a disappointing summer forecast, sparking concerns it is losing market share to Uber. Despite reporting bett...
- Uber, Lyft drivers strike across US, demanding fairer payWorkers say the rideshare and food delivery platforms are taking disproportionate sums from their fares as fees, hurting their earnings. Th...
- Uber, Lyft, DoorDash drivers in the US to strike on Valentine's Day for fair payThe strike call is the first since Uber and Lyft went public in 2019. Drivers will picket outside airports and Uber offices, two of the gro...
- Lyft guarantees weekly earnings to lure more driversThe ride-hailing market has largely been a duopoly between Lyft and Uber in the United States, with the former that owns a roughly 30% mark...
- Uber and Lyft to pay $328 million to address wage and sick leave issues in New YorkUber and Lyft have settled for a combined $328 million to resolve wage theft claims in New York. The settlement follows investigations into...
- Uber, Lyft to pay $328 million to settle New York wage theft claimsUber and Lyft will collectively pay $328 million to settle allegations from New York's attorney general that they systematically underpaid ...
- Uber, Lyft to pay $328 million to settle New York wage theft claimsDrivers will also be guaranteed minimum hourly rates and paid sick leave, and be given notices and in-app chat support to address their que...
- Minneapolis advances measure for minimum wage to Uber and Lyft driversUnder the measure, drivers would be paid at least $1.40 per mile and $0.51 per minute, or $5, whichever is greater. The rule would only app...
- Lyft to display ads in app in effort to boost revenueThe move will help Lyft, whose business is completely dependent on ride-hailing. Its larger rival Uber Technologies has a more mature adver...
- Lyft is considering strategic options for bike, scooter unitThe company said it has received strong inbound interest in its bike-and scooter-sharing unit and that “it’s only logical for Lyft to liste...
- Lyft to lay off more than 1,000 employees in cost-cut pushRisher, who took over earlier this month, had recently said the company will "significantly" cut jobs, without providing the number of jobs...
- Lyft shares skid on fears Uber pulling aheadLyft shares hit their worst day on record after closing 36.4% lower, with 13 analysts lowering their price targets on the stock.
- Lyft hikes service fee for rides as insurance costs riseThe increase averages less than 50 cents per trip nationally, a Lyft spokesperson said. The company pays for drivers' insurance when they a...
- Lyft posts record quarter, sees operating profit of $1 billion in 2024"We had the majority of new drivers come in organically ... There is a tailwind as more and more people are enjoying this supplemental inco...
- Lyft sees sustained profit starting in third quarter on cost cuts, demand reboundLyft said it expected a strong rebound in U.S. travel in the third quarter, when many homebound Americans who hunger for travel are likely ...
- Seattle approves minimum pay standard for Uber and Lyft driversUnder the ordinance, effective January, the drivers will now earn at least $16.39 per hour - the minimum wage in Seattle for companies with...
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