The cuts come as the company tries to lower prices and remain competitive with Uber, its larger rival.
Category: Car Services and Livery Cabs
-
Lyft’s Financial Woes Thrust It Into the Spotlight
The New York Times – Business: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.
-
Uber Reports Record Revenue as It Defies the Economic Downturn
The New York Times – Business: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.
-
Uber Drivers Say They Are Struggling: ‘This Is Not Sustainable’
The New York Times – Business:Their raise request was denied, while fees and car payments are cutting into their earnings. New data suggests they make less than cabbies.
-
Help! I Was Banned From Lyft and No One Will Tell Me Why.
The New York Times – Travel: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.
-
Uber’s Revenue Is Up 72 Percent From Last Year, but It Posts a Loss
The New York Times – Business:The ride-hailing company had strong revenue growth, but it still lost money in part because of its investments in other ride-hailing businesses.