The company said its financial results in the most recent quarter were about in line with the expectations of investors.
Category: Car Services and Livery Cabs
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Lyft Employees Told to Return to Office as New Chief Executive Lays Out Vision
A day after nearly 1,100 people were laid off, the struggling company told its remaining workers to prepare for a series of changes.
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The Long Demise of the Stretch Limousine
Once a symbol of affluence, the stretch limo has largely fallen out of favor as the rise of Uber and Lyft, the Great Recession and new regulations hastened a shift to chauffeured vans and S.U.V.s.
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Lyft Will Lay Off About 1,200 People as It Looks to Cut Costs
The cuts come as the company tries to lower prices and remain competitive with Uber, its larger rival.
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Lyft’s Financial Woes Thrust It Into the Spotlight
Lyft recovered from pandemic restrictions slower than Uber, and critics said it lacked the kind of ambitious investments that could distinguish itself from its rival.
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Uber Reports Record Revenue as It Defies the Economic Downturn
The company, which was hit hard in the early stages of the pandemic, saw revenue jump 49 percent from the same period a year ago.
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Uber Drivers Say They Are Struggling: ‘This Is Not Sustainable’
Their raise request was denied, while fees and car payments are cutting into their earnings. New data suggests they make less than cabbies.
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Help! I Was Banned From Lyft and No One Will Tell Me Why.
An app user was barred after just two uneventful trips, and the company wouldn’t explain or reinstate him. Our columnist gets him riding again, but transparency remains elusive.
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Uber’s Revenue Is Up 72 Percent From Last Year, but It Posts a Loss
The ride-hailing company had strong revenue growth, but it still lost money in part because of its investments in other ride-hailing businesses.