App-based ride-hailing and delivery companies like Uber and Lyft can continue to treat their California drivers as independent contractors, a state appeals court ruled March 13.
March 14, 2023lyft News Updates
Uber, Lyft Get Positive Ruling in California Labor Case
Uber, Lyft Add Fuel Surcharges for Rides, Deliveries
Ride-hailing giants Uber and Lyft are tacking on a fuel surcharge for customers to help drivers offset the cost of record-high gas prices.
March 14, 2022Uber’s Do-It-All Approach Stalls Pursuit of Profit
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.
August 5, 2021Lyft to Sell Autonomous-Driving Unit to Toyota for $550 Million
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.
April 26, 2021Uber, Lyft Spend Big, Win in California Vote About Drivers
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.
November 4, 2020Uber, Lyft Win Delay on Converting Drivers to Employees
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.
August 20, 2020Uber Takes Shot at Lyft in Defense to Gig-Worker Suit
Uber Technologies Inc. is trying to duck a California lawsuit that threatens to upend its business model — by pointing a finger at Lyft Inc.
July 16, 2020Lyft Suggests Drivers Work for Amazon After Ridership Plummets
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.
March 27, 2020Lyft to Cut 2% of Staff in Pursuit of a Profit Next Year
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.
January 29, 2020Barclays: Uber, Lyft ‘Well Positioned’ to Turn a Profit
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?
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