Lyft

Antitrust Scrutiny Looms Over Uber and Lyft Due to NYC Driver Pay Deal

4 months ago

In a significant development for ride-share giants Uber and Lyft, both companies are facing an antitrust investigation concerning an agreement they reached regarding driver pay standards in New York City. This scrutiny, initiated by regulators, primarily revolves around the implications this deal may have on competition within the ride-hailing market.

Lyft Takes Legal Stand Against San Francisco Over Alleged Tax Overcharges

5 months ago

In a bold move, Lyft has initiated a legal battle against the city of San Francisco, claiming the city has overcharged the ride-hailing giant by a staggering $100 million in taxes. The lawsuit highlights ongoing tensions between the tech company and local government over fiscal issues and the regulatory landscape governing transportation services.

Lyft Mobilizes Chicago Riders to Fight Against New Tax Proposal

6 months ago

In an assertive move, Lyft is calling on its users in Chicago to actively lobby the city council against a proposed tax that would significantly impact ride-sharing services. The tax, set to be discussed in the upcoming city council meeting, is positioned as a means to generate additional revenue for the city but has raised concerns among both drivers and riders regarding its potential economic ramifications.

Lyft Boosts Earnings Forecast Amid Surge in Monthly Passengers

7 months ago

Lyft, the well-known ride-hailing company, has recently made headlines by revising its earnings outlook for the upcoming quarter. This adjustment comes on the back of a significant uptick in users opting for the company's new monthly subscription plan, which caters primarily to commuters. As the urban landscape adapts to changing transit habits post-pandemic, Lyft is capitalizing on a growing demand for cost-effective and convenient transportation solutions.

Lyft Partners with Mobileye to Accelerate Autonomous Driving Initiatives

7 months ago

Lyft has entered into a significant partnership with Mobileye, a leader in autonomous driving technology, as part of a series of collaborative agreements aimed at enhancing the development of self-driving cars. This strategic alliance marks a pivotal moment for Lyft, as it seeks to incorporate cutting-edge technology into its ride-hailing services, paving the way for safer and more efficient transportation solutions.

Lyft Settles FTC Lawsuit with $2 Million Payment Over Driver Compensation Issues

7 months ago

In a significant development for the ridesharing giant Lyft, the company has agreed to an out-of-court settlement totaling $2 million to resolve allegations posed by the Federal Trade Commission (FTC) regarding misleading pay practices for its drivers. This agreement comes as part of the agency's continued efforts to ensure fair working conditions and transparency within gig economy platforms.