Lyft CEO wants to curb surge pricing: 'Riders hate it with a fiery passion'
Lyft CEO David Risher weighed in on surge pricing during the company's earnings call this week, saying Lyft rides with surge pricing went down 35% quarter-over-quarter.
Minneapolis Uber, Lyft drivers want minimum wage, companies say it could be worse for riders
The City of Minneapolis is considering a minimum wage for rideshare drivers while some states have already passed legislation setting a minimum wage for app-based workers.
Lyft open to selling bike, scooter business
Lyft said Monday it might sell or find a strategic partner for its bikes and scooters unit as the ridesharing company races Uber for more share of the market.
Uber, Lyft get new competition in rideshare battle
Another company is launching its rideshare business in the United States, a market that has long been dominated by Uber and Lyft. It's first market is Florida.
Lyft drivers are earning more pay — here's how
Lyft, whose been trying to gain market share from rival Uber, said it made improvements to its upfront pay feature to facilitate higher driver earnings.
Minnesota Gov. Tim Walz vetoes pay raise for rideshare drivers after Uber threatens to cut off service
Minnesota Gov. Tim Walz vetoed a bill that would have created a minimum wage for Uber and Lyft drivers, which had been opposed by the ridesharing industry.
How Lyft, Uber differ as rideshare wars escalate
Lyft and its rival, Uber, are finding two different ways to solve the same problem: offering cost-efficient modes of transportation amid the slowing economy.
Lyft rolls out feature to make airport pickups faster
Lyft has added new features to its app to make airport pickups less stressful for travelers. It's the company's latest challenge to rival rideshare service Uber.
Lyft shares tumble on disappointing outlook
Lyft reported a quarterly loss and revenue that came in better-than-expected, however the company's outlook fell short of analyst expectations.
Uber CEO says Lyft vying with Uber 'sets up a competitive market'
CEO Dara Khosrowshahi said Tuesday rival company Lyft vying with Uber "sets up a competitive environment" in the U.S. market. Uber reported its earnings in the morning.
Lyft, Gap, First Republic join Disney, Amazon in layoffs
A slew of companies including Lyft, Dropbox, First Republic Bank and Gap revealed this week they plan to trim their headcounts. They join Disney and Amazon.
Lyft to cut about a quarter of workforce in latest round of layoffs
Lyft announced Thursday that it will lay off more than 1,000 employees as part of an effort to cut costs. The news comes shortly after new CEO David Risher took over.
Uber drivers are not interstate workers exempt from arbitration, US court rules
The 3rd Circuit on Wednesday said evidence presented in the case showed that nearly two-thirds of Uber drivers never cross state lines, and only 2.5% of Uber trips are interstate.
Lyft will implement more job cuts
Lyft's workforce will soon become 'significantly' smaller, according to a Friday staff-wide email from new Lyft CEO David Risher. The cuts will reportedly trim it by at least 1,200 workers.
New Lyft CEO says rider, driver experience top priority as it competes with Uber
There's a new CEO steering Lyft as it continues to vie with Uber. David Risher just stepped into the job and has told FOX Business "great" rider and driver experiences are a "big focus."
Incoming Lyft CEO David Risher says rideshare company will 'get back to the basics'
The incoming CEO of Lyft on Wednesday said the rideshare company will "get back to the basics" and focus on its customers. He appeared on "The Claman Countdown."
Lyft founders to step down, former Amazon exec named new CEO
Lyft's co-founders are transitioning away from their leadership positions later this year and the company announced David Risher, a former Amazon executive, would become CEO.
California court ruling allows Uber, Lyft to classify drivers as independent contractors
A California appeals court on Monday reversed a lower court's decision barring ride-sharing apps like Uber and Lyft from classifying drivers as independent contractors.
New York Taxi union to strike against Uber and Lyft at LaGuardia airport on Sunday: report
The New York Taxi Workers Alliance is organizing a strike against Uber for stopping a raise in rates to keep up with costs of living and operating expenses.
New York City food policy office says Uber, Lyft must have ‘zero-emission fleet’ by 2030
The office of New York City Mayor Eric Adams says Uber and Lyft must have a 'zero-emission' fleet by 2030 as the city moves to lessen its reliance on fossil fuels.