Lyft announces new CEO, says co-founders will step aside from management positions
Lyft announced on Monday that Amazon veteran David Risher will join as chief executive next month, and that co-founders Logan Green and John Zimmer will step down from their management positions at the ride-hailing company......»»
Uber, Lyft shares surge after court decision to treat drivers as contractors
A California court ruled that drivers can be treated as independent contractors rather than employees, removing some future regulatory risks for the rideshare companies......»»
US court rules Uber and Lyft workers are contractors
Labour groups had opposed contractor status, saying it robbed them of rights like sick leave......»»
"Lyft" vs. "Lift": Consumers are less likely to support brands with unconventional spellings, study shows
Choosing a brand name for a new product or service is one of the most important marketing decisions a company makes. In recent years, brand strategists have recommended companies use unconventional spellings of otherwise familiar words—e.g., "Lyft".....»»
Lyft shares fall nearly 25% after forecasting revenue below estimates
Lyft on Thursday forecast current-quarter revenue below Wall Street estimates, blaming extremely cold weather in some of its major markets and lower prices, especially during peak hours, sending its shares down nearly 25% in extended trading......»»
Lyft starts charging riders who keep drivers waiting
Don’t be late for your Lyft ride or you’ll have to cough up some extra cash. Seven years after Uber introduced the same rule, Lyft has followed suit......»»
Lyft to lay off 683 employees in cost-cutting push
Lyft's latest move is expected to result in a charge of between $27 million and $32 million in the fourth quarter. It follows 60 job cuts earlier this year and a hiring freeze in September......»»
Lyft to lay off 13% of staff
Lyft on Thursday said it will lay off 13% of its staff, or nearly 700 employees, as it rethinks staffing amid rising inflation and fears of a looming recession......»»
Lyft hikes service fee for rides as insurance costs rise
The increase averages less than 50 cents per trip nationally, a Lyft spokesperson said. The company pays for drivers' insurance when they are working on its platform......»»
Uber and Lyft shares slump on US "gig" economy plan
Tens of millions of people work in the global gig economy across services like food delivery and transport......»»
Uber, Lyft shares fall on possible U.S. changes to worker classifications
The proposal released by the U.S. Labor Department would make it easier for delivery couriers, ride-hailing drivers and other gig workers to be classified as employees, rather than independent contractors......»»
GM adds former Tesla, Lyft exec to board
Jon McNeill, 55, was Tesla's president of global sales, delivery and service from 2015 to 2018......»»
Lyft sees uptick in Q2 revenue amid layoffs
Lyft saw an earnings record and increased revenue in the second quarter amid news that the ride-hailing company laid off approximately because of the discontinuation of its first party rental service......»»
HackerRank appoints Monica Ohara as CMO
HackerRank names Monica Ohara as Chief Marketing Officer. Ohara is a proven leader in marketing and business strategy, with experience driving hypergrowth for technology companies like Lyft (which acquired her startup, DataScore), WordPress.com (Auto.....»»
Uber, Lyft drivers claim price-fixing in lawsuit against companies
A group of drivers for Uber and Lyft on Tuesday accused the companies of unfairly controlling how much passengers are charged for rides in an antitrust lawsuit in California state court......»»
Lyft agrees to $25 million settlement with shareholders over safety-related allegations
Lyft has agreed to a $25 million settlement with shareholders over allegations that it failed to adequately disclose threats to its reputation and business ahead of going public......»»
Massachusetts court blocks gig worker ballot measure backed by Uber, Lyft
Massachusetts' top court on Tuesday blocked a bid to ask voters whether app-based ride-share and delivery drivers should be treated as independent contractors rather than employees, in a setback for companies like Uber (UBER) and Lyft (LYFT)......»»
Lyft Exec Craig Martell Tapped As Pentagon"s AI Chief
According to Breaking Defense, the head of machine learning at Lyft, Craig Martell, has been named the Pentagon's Chief Digital and Artificial Intelligence Officer. From the report: The hiring of a Silicon Valley persona for the CDAO role is likely t.....»»
Uber and Lyft will no longer require masks for US riders and drivers
Face masks are now optional for Uber and Lyft riders and drivers in the United States, the ride-hailing companies said Tuesday, shortly after several major airlines announced a similar change in policy......»»
Uber and Lyft are offering fuel surcharges and cash back offers for workers. Is it enough?
For many gig workers, their vehicles are how they make a living. And as independent contractors, they're solely responsible for keeping them clean, running and full of gas. In recent weeks, the latter part has gotten much more burdensome......»»