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Unlike Uber, Lyft has been tight-lipped about just how bad its rides business has been hurt — and it doesn't have a food-delivery arm to ease losses.
Lyft CEO Logan Green says the company tried to slow down its aggressive discounts recently, but had to stop since Uber didn't follow.
The ride-hailing company will now let you hail a rental car in three California cities, and give you a ride credit to get to the pickup location.
Those remarks came from Bradley Tusk, the company's first political strategist who invested in the company in 2011, told CNBC on Monday.
In July, Uber surprised 400 marketing employees with mass layoffs. Now, it's halting hiring for tech roles in the US
Shares plummeted last week following a quarterly report that fell short of investor expectations last week. The sell-off continued through Monday.
From not turning a profit, to being beat by competitors on self-driving cars, here's what's keeping Wall Street analysts up at night.
A major chunk of that spending was on two things: stock-based compensation and driver rewards, both stemming from the company's IPO in May.
The ride-hailing giant's total losses and revenue fell short Wall Street's expectations, and the stock was down as much as 12% after.
Didi Chuxing is among China's largest tech firms, and has backers including Apple and SoftBank. Now it wants even more money to compete with Uber.
Lyft could be fined up to $10,000 for failing to report the driver, who has since been charged with murder.
Some women have told Business Insider they avoid driving at night because of the comments they receive from revelers.
Uber is acquiring Careem in a $3.1 billion deal, it announced earlier this year. We acquired the company's original pitch deck from 2013.
Drivers have long been expected to meet minimum ratings from their passengers, Uber's head of safety brand and initiatives explained.
Will robo-taxis actually be cheaper to operate than traditional cars? Maybe not, new research from MIT says.
Ryan Graves, who once served as CEO of Uber, will officially step down from the board on May 27 — just two weeks after its lackluster public offering.
One in six vehicles operating for Uber, Lyft and other ride-hailing companies has been recalled, a new study by Consumer Reports has found.
An upstart ride-hailing firm hopes it can lure drivers by classifying them as employees — not contractors.
Analysts are beginning to question whether or not ride-hailing is even a good business model.
The ride-hailing giant has fought tooth and nail to keep drivers classified as contractors, and therefore avoiding paying benefits.