lyft

Business, Technology, Logistics

Uber’s Do-It-All Approach Stalls Pursuit of Profit

The Uber Eats application on a smartphone The Uber Eats application on a smartphone. (Tiffany Hagler-Geard/Bloomberg News)

Another quarter passed, and Uber Technologies Inc. is a little further from its goal of posting an adjusted profit by the end of the year.

Lizette Chapman | Bloomberg News
August 5, 2021
Business, Technology, Autonomous

Lyft to Sell Autonomous-Driving Unit to Toyota for $550 Million

Lyft driver hub building in San Francisco The Lyft driver hub building in San Francisco. (David Paul Morris/Bloomberg News)

Lyft Inc. has agreed to sell its self-driving division to a subsidiary of Toyota Motor Corp., joining Uber Technologies Inc. in stepping back from the costly driverless vehicle research once thought to be on the verge of revolutionizing ride-hailing.

Lizette Chapman | Bloomberg News
April 26, 2021
Government, Business, Technology

Uber, Lyft Spend Big, Win in California Vote About Drivers

Uber sign Travelers request an Uber ride at Los Angeles International Airport. (Damian Dovarganes/AP)

LOS ANGELES — Uber, Lyft and other app-based ride-hailing and delivery services spent $200 million in a winning bet to circumvent California lawmakers and the courts to preserve their business model by keeping drivers from becoming employees eligible for benefits and job protections.

Brian Melley | Associated Press
November 4, 2020
Business, Technology, Logistics

Uber, Lyft Win Delay on Converting Drivers to Employees

Driver putting Lyft sticker car next to Uber sticker A Lyft logo is installed on a Lyft driver's car next to an Uber sticker. (Gene J. Puskar/Associated Press)

Uber and Lyft were spared from having to rapidly convert their California drivers to employees after an appeals court agreed they can keep their business models in place while challenging a judge’s order to comply with a state labor law.

Joel Rosenblatt | Bloomberg News
August 20, 2020
Government, Business, Technology

Uber Takes Shot at Lyft in Defense to Gig-Worker Suit

A pedestrian checks her phone in front of the Uber headquarters in San Francisco. A pedestrian checks her phone in front of the Uber headquarters in San Francisco. (David Paul Morris/Bloomberg News)

Uber Technologies Inc. is trying to duck a California lawsuit that threatens to upend its business model — by pointing a finger at Lyft Inc.

Joel Rosenblatt | Bloomberg News
July 16, 2020
Business, Logistics

Lyft Suggests Drivers Work for Amazon After Ridership Plummets

A Lyft driver navigates to her passenger in San Francisco. A Lyft driver navigates to her passenger in San Francisco. (Mike Coppola/Getty Images)

Amazon.com Inc. is teaming up with Lyft Inc. on recruiting the ride-hailing company’s drivers to deliver packages and groceries as the pandemic keeps people indoors.

Lizette Chapman | Bloomberg News
March 27, 2020
Business, Technology

Lyft to Cut 2% of Staff in Pursuit of a Profit Next Year

Signage is displayed during the Lyft IPO at the company's service center in Los Angeles in March 2019. Signage is displayed during the Lyft IPO at the company's service center in Los Angeles in March 2019. (Kyle Grillot/Bloomberg News)

Lyft Inc. will eliminate about 90 jobs as the unprofitable ride-booking company seeks to deliver on a promise to stop losing money by the end of next year.

Lizette Chapman | Bloomberg News
January 29, 2020
Business, Technology

Barclays: Uber, Lyft ‘Well Positioned’ to Turn a Profit

Uber app The Uber app is seen open on a cellphone in London on Nov. 25, 2019. (Kirsty Wigglesworth/Associated Press)

A new analysis by Barclays Capital of about 2.4 billion taxi and ride-hailing trips in New York City addresses the biggest question investors have about Uber Technologies Inc. and Lyft Inc. When will they turn a profit?

Esha Dey | Bloomberg News
December 10, 2019
Business, Technology

Lyft Forecasts Profit by End of 2021, Sending Shares Surging

A Lyft driver with map visible on phone A Lyft driver navigates to a passenger. (Mike Coppola/Getty Images for Lyft)

Ride-hailing company Lyft Inc. is expected to turn a profit by the end of 2021, a year earlier than analysts had expected, company executives said.

Lizette Chapman | Bloomberg News
October 22, 2019
Government, Business, Technology, Fuel, TCA

Wisconsin Utility Offers Cash for Electric Vehicle Drivers Who Join Lyft

Lyft sign lit up Gabby Jones/Bloomberg News

MADISON, Wis. — Madison Gas & Electric is partnering with Lyft to promote the use of electric vehicles.

Chris Hubbuch | Wisconsin State Journal
August 22, 2019

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