Lyft ditches humans! Self-driving shuttles to battle Uber & Waymo by 2026Lyft robotaxi launch 2026 marks a bold move by the ride-sharing giant as it partners with Holon to bring self-driving electric shuttles to ...
02 Aug, 2025, 07.13 PM IST
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...
02 Nov, 2023, 10.39 PM IST
A startup's alternative to Uber: Employing its own driversDallas-based start-up Alto is aiming to challenge the dominant ride-hailing model by offering a safer and higher-quality service. Unlike Ub...
06 Oct, 2023, 10.57 AM IST
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...
17 Oct, 2022, 11.04 PM IST
For Uber and Lyft, the rideshare bubble burstsUber and Lyft are correct that they offer a useful service, including food delivery to the homebound, an alternative to drunken driving and...
18 Oct, 2021, 11.43 AM IST
Lyft sells self-driving tech unit to Toyota for $550 millionThe acquisition of Level 5 automation will provide Toyota access to the U.S. ride-hailing firm's more than 300 employees of the essentially...
27 Apr, 2021, 09.37 AM IST
Uber, Lyft spend big, win in California vote about driversThe titans of the so-called gig economy bankrolled the most expensive ballot measure in state history, which was decided Tuesday with 58% o...
04 Nov, 2020, 06.14 PM IST
Peloton, Endeavor duds give IPO bankers another black eyeThis trend, notable in the declines of Uber and Lyft, has accelerated in recent weeks, with SmileDirectClub posting the worst opening trade...
27 Sep, 2019, 03.07 PM IST
There’s no end in sight for the US IPO frenzyPaul Donahue, Morgan Stanley’s head of equity capital markets for the Americas, expects that IPOs will remain busy in the third quarter and...
04 Jul, 2019, 09.26 AM IST
The power of Google and Amazon looms over tech IPOsThe tech giants have the power to change their services at any time, generating havoc downstream. For years, Pinterest nabbed free traffic ...
01 Jul, 2019, 04.59 PM IST
One theory why Lyft, Uber IPOs flopped: special purpose vehiclesUber’s IPO flop suggests investors are growing wary of the business prospects in ride-hailing.
17 May, 2019, 04.38 PM IST
Uber is said to seek about $10 billion in year's biggest IPOUber submitted its IPO filing to the SEC confidentially on December 6, the same day that Lyft Inc. announced that it had made its confident...
10 Apr, 2019, 09.45 PM IST
Lyft’s tumbling stock is a worrying sign for other unicornsLyft is a model of the unicorn class of companies that secured valuations in excess of $1 billion from private investors and will soon seek...
02 Apr, 2019, 02.19 PM IST
Big winners of Uber, Lyft IPOs won’t be the usual suspectsThe filings submitted by Uber and Lyft aren’t yet public, but people familiar with each business outlined the largest shareholders.
13 Dec, 2018, 11.09 AM IST
The robocar future may take longer than you think: CES roundupTruly driverless vehicles are years away, executives from auto giants Toyota Motor Corp. and Hyundai Motor Co., mega supplier Robert Bosch ...
10 Jan, 2018, 11.49 AM IST
Juno, a ride-hailing startup, wants to kill Uber with kindnessJuno has had early success, although it is still a very small player compared to Uber and Lyft , Uber's biggest US competitor.
27 Oct, 2016, 10.14 AM IST
Uber and Lyft want to replace public busesOver the past several years, ride-hailing companies and local government officials have often had an uneasy, sometimes outright hostile rel...
16 Aug, 2016, 12.23 PM IST