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The judges said in a 74page ruling that Ubers and Lyfts misclassification caused irreparable harm to drivers who as independent contractors miss out on employee benefits NegativeThe appeals court on Thursday upheld the ruling http://www.reuters.com/news/technology/article/us-uber-california-drivers/california-appeals-court-rules-uber-lyft-must-reclassify-drivers-as-employees-idUSKBN27805F2020-10-23
In ordering an injunction Schulman assailed what he called Ubers and Lyfts prolonged and brazen to comply with state law NegativeI am unconvinced that any extension of the 10day stay is Schulman said http://www.reuters.com/finance/article/us-uber-california/judge-rejects-uber-lyft-bids-to-delay-california-driver-injunction-idUSKCN2592RT2020-08-14
Lankton said bookings for Lyfts LA and San Francisco rental fleets are higher than prior to the pandemic NegativeLyft Inc said on Thursday it has partnered with the U.S. unit of German rental car group Sixt SE to expand its inapp rental business to carless city dwellers eager to take a trip http://www.reuters.com/subjects/autos/article/us-lyft-sixt/lyft-partners-with-rental-group-sixt-to-target-carless-city-dwellers-idUSKCN24V3H92020-07-31
John Zimmer Lyfts cofounder and president said the company has reached a scale to impact policy change PositiveJohn Zimmer Lyfts cofounder and president said the company has reached a scale to impact policy change http://www.reuters.com/subjects/autos/article/us-lyft-electricvehicles/lyft-promises-switch-to-100-electric-vehicles-by-2030-idUSKBN23O37R2020-06-18
Masks and cleaning supplies for drivers will be distributed through Lyfts hubs some of which will reopen for this purpose Westbrock said NeutralThe move comes as ridesharing companies struggle to maintain revenues with millions of people worldwide under social distancing orders from public health authorities http://www.reuters.com/subjects/autos/article/us-health-coronavirus-lyft/lyft-to-require-passengers-and-drivers-to-wear-masks-idUSKBN22K07Q2020-05-08
Lyfts earnings also serve as an indicator for the performance of Uber which will report results on Thursday NeutralThe firstquarter results offer a first look at the impact of strict stayathome orders to combat the spread of the virus in many of the ridehailing industrys largest markets http://www.reuters.com/finance/article/us-lyft-results/lyft-sees-rider-demand-improve-in-late-april-on-path-to-profitability-idUSKBN22I30N2020-05-07
A larger share of Lyfts rides are shared compared to Ubers but still make up less than a third of all trips city data showed NeutralUber Technologies Inc and Lyft Inc Tuesday began suspending shared rides on their ridehailing platforms in the United States and Canada to limit the spread of the coronavirus http://www.reuters.com/subjects/autos/article/us-health-coronavirus-uber/uber-lyft-suspend-pooled-rides-in-u-s-canada-to-limit-spread-of-coronavirus-idUSKBN2141922020-03-18
Lyfts problem is that its smaller scale means that profitability is harder to achieve than it is for said Atlantic Equities analyst James Cordwell NegativeInvestors were left disappointed sending shares down 5 http://www.reuters.com/finance/article/us-lyft-results/lyft-forecasts-slower-growth-in-2020-leaves-target-profit-date-unchanged-idUSKBN2052M52020-02-12
The announcement comes after Lyfts management in October said it planned to expand its partnership with corporations to incentivize business travelers who outspend other riders PositiveLyft Inc on Wednesday said it has teamed up with JPMorgan Chase Co to offer extended rewards to Chase customers using their credit cards to pay for Lyft rides http://www.reuters.com/subjects/banks/article/us-lyft-jp-morgan/lyft-and-chase-to-offer-credit-card-ride-hailing-rewards-idUSKBN1Z72PD2020-01-09















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