Lyft: News

07 Mar 2024

Stock Market

Lyft sued after typo caused stock price to jump 60%

A shareholder has initiated a class action lawsuit against ride-hailing company Lyft.

02 Nov 2023


Uber, Lyft to pay $328mn in NY wage theft settlement

Uber and Lyft have reached a settlement with the state of New York, US, agreeing to pay $328 million over allegations that they systematically underpaid drivers and denied them benefits.

28 Aug 2021


Does Uber hike ride prices when you're low on battery?

Over the years, suspicions have grown about whether or not ride-hailing apps such as Uber and Lyft hike fares if your phone's battery is low.

12 Mar 2021


Uber, Lyft join hands to compile database of violent drivers

Rival ride hailing services Uber and Lyft have teamed up to create a database of drivers who've been accused of sexual assault and other crimes.

04 Mar 2018


Uber, Lyft drivers make a median hourly profit of $3.37

According to a study published by the MIT Center for Energy and Environmental Policy Research, Uber and Lyft drivers in the US earn a median profit of $3.37 per hour before taxes, with 74% of drivers earning lesser than the minimum wage standard set in the state where they operate.

06 Nov 2017


Uber-SoftBank deal in trouble? Could invest in Lyft, says SoftBank-CEO

At a time when SoftBank's investment in Uber is expected to be finalized, the Japanese conglomerate has hinted it could still change its mind over the costly deal.

Lyft raises an impressive $1bn from Google's CapitalG

Ride-hailing app Lyft has raised funding of $1bn led by Google's venture arm CapitalG, taking its valuation to $11bn.

20 Jul 2017

General Motors

Biggest issue of self-driving taxis: How to clean riders' puke?

Not very far in the future, fully-autonomous taxis will have become a reality, offering faster and cheaper services.

26 Jun 2017


Tech companies introduce product updates to celebrate LGBTQ Pride Month

To commemorate the LGBTQ Pride Month, tech companies in Silicon Valley are showing their support to the cause by introducing small, quirky updates to their products.

13 Apr 2017

San Francisco

Lyft raises $600 million: How much is it worth now?

San Francisco-based ride-services firm Lyft has raised $600mn in a fresh funding round, fuelling the company's growth.

02 Nov 2016


Study finds Uber and Lyft guilty of racial discrimination

A recent study by the National Bureau of Economic Research revealed that ride-hailing start-ups Lyft and Uber have problems of racial discrimination.