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Lyft said on Tuesday it would improve earnings for drivers on its platform by paying more for going out of their way for a ride and for those that are at least five minutes longer than estimated.
Uber and Lyft have lost a chance to have an appeal heard by the Supreme Court. The case involves lawsuits brought against the companies by the state of California, which claimed Uber and Lyft had misclassified their workers.
The U.S. Supreme Court declined on Monday to hear a challenge by Uber and Lyft to lawsuits by the state of California on behalf of drivers who signed agreements to keep legal disputes with the ride-hailing companies out of court in a legal fight over their status as contractors.
A self-driving Tesla carrying a passenger for Uber rammed into an SUV at an intersection in suburban Las Vegas in April, an accident that sparked new concerns that a growing stable of self-styled "robotaxis" is exploiting a regulatory gray area in U.S. cities, putting lives at risk.
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BEAVERTON, Ore.--(BUSINESS WIRE)--By optimizing driver incentives, Lyft can encourage drivers to drive in areas with the highest demand for rides.
Billionaire David Tepper Just Increased His Stake in This Ride-Hailing Stock by 1,600%. Time to Buy?
Lyft is a major player in the ride-hailing industry, but is often overshadowed by its larger rival, Uber. Several metrics have returned to growth for Lyft, overlapping with the improving economy.
SAN FRANCISCO--(BUSINESS WIRE)--Smartcar has partnered with Lyft to address range anxiety with a feature that ensures EV drivers receive ride requests within their battery range.
Toast offers a comprehensive suite of restaurant management tools, all designed to work together. Lyft's new revenue streams, like advertising through Lyft Media, are boosting growth.
Rideshare giant Lyft launched a feature to curb surge pricing for commuters. Both Lyft and Uber are aiming to boost driver supply to lower surge pricing.