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The Latest Breaking News from Lyft

Weekend Round-Up: Uber's Earnings Dip, Ford's New EV, Lyft's Mixed Results, Joby Aviation's Revenue Surge And Lucid's Q2 Miss

This week was a rollercoaster ride for the market, with major companies like Uber Technologies, Ford Motor, Lyft, Joby Aviation and Lucid Group making headlines. From earnings misses to new product launches, here’s a quick recap of the top stories.

Benzinga

Man's Uber Gets Pulled Over. Then The Driver Asks Him To Lie To The Cops: 'Mind You It Was $75'

"What do you think your Uber passenger's gonna do right now?

Motor1

The typical gig worker is changing – and struggling more than ever to make ends meet

The next time you call an Uber ride or order food delivery with an app, there’s a good chance that the gig worker you meet is getting government benefits.

The Conversation

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Lyft posts record bookings, but higher promotions fuel profit miss

The ride-hailing services provider has stepped up spending on incentives and loyalty programs to attract and retain customers and sustain growth.

The Economic Times

Stock Market: Will S&P 500 Open Up or Down Today?

The S&P 500 snapped a four-session winning streak on Wednesday as investors locked in profits from technology stocks, even as the Dow Jones Industrial Average climbed to another record high. Despite the pullback, Polymarket traders continue to expect the benchmark index to rebound at Thursday’s open.

Benzinga

Trump's DOT Introduces Changes to 'Accelerate' AV Deployment, Directs NHTSA to Grant Zoox Temporary Exemption

The Donald Trump administration on Thursday introduced changes to Department of Transportation (DOT) regulations aimed at expediting the development and deployment of autonomous vehicles, granting Amazon.com Inc.‘s (NASDAQ:AMZN) Robotaxi operator Zoox a temporary exemption to deploy its driverless vehicles commercially.

Benzinga

Lyft Stock Is Down More Than 26% This Year—Now a Short Seller Warns the Uber Rival Could Be in Deep Trouble (UPDATED)

Editor’s note: The story has been updated to include a comment from Lyft.

Benzinga

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Uber, Lyft win court block on NYC law requiring notice before firing drivers

US District Judge Gregory Woods in Manhattan said in a written ruling on Tuesday that the city's law adopted earlier this year benefits a small fraction of drivers ‌while interfering with ⁠the ⁠ride-hailing companies' right to police the safety of their platforms.

The Economic Times

Amazon is spending billions on deploying engineers into customers looking to get started with AI

AWS' Forward Deployed Engineers will reside inside customer organizations to build and implement AI tools at scale.

TechRadar

Seattle's Sky-High Minimum Wage for Delivery Drivers Has Been a Disaster

"We created a problem and it's our responsibility to fix it," former Seattle City Council President Sara Nelson admitted.

Reason

Lyft CEO: we’re setting a multi-sensor safety standard for autonomous rides

We're drawing a hard line: no fully driverless vehicle without multiple sensor redundancy will operate on the platform.

Fortune

California Rideshare Drivers Move Toward Unionizing, Following Massachusetts

Uber and Lyft drivers in both states say low pay, rising gas prices and a lack of transparency in how they're compensated have fueled organizing efforts.

Capital & Main

Lyft, Uber sue New York City to block driver retention law

Both companies are challenging Local Law 52 of ‌2026, which ⁠generally prevents ⁠large ride-sharing companies from swiftly dismissing drivers absent a "bona fide economic reason" or "just cause."

The Economic Times

Physical security startup Coram AI raises $35 million co-led by Ansa Capital, Battery Ventures

The San Francisco-based company was cofounded by Ashesh Jain, formerly head of autonomy at Lyft's self-driving division, and Peter Ondruska, who led AI research at Lyft before moving to Toyota's Woven division after it acquired Lyft's self-driving unit in 2021.

The Economic Times

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The Economic Times

Lyft, Baidu to start testing robotaxis in London

Chinese tech giant Baidu is set to test its self-driving cars in London soon. Partnering with Lyft, the company aims for commercial operations this year. This move follows a similar announcement from British startup Wayve. While fully driverless rides may take longer, London is poised for a significant shift in…

Bored Panda

So Dystopian: Guy Films Uber Driver’s Interaction With His AI Girlfriend, Leaves People Baffled

Human girlfriends and boyfriends are out – AI partners are the new way people seek connection. It may seem wildly dystopian, but people are now training chatbots to act like their partners. A Lyft driver recently went viral when a passenger shared his conversation with an AI girlfriend. "I finally…

Bored Panda

Detroit Rapper Who Sued Lyft Because Driver Refused Her A Ride Over Her Weight Reportedly Turns To Van

“The driver said she needed a bigger vehicle. After months of lawyers and headlines, the solution was actually a bigger vehicle.”

Motor1

Woman Takes Lyft. Then She Gets A $150 'Damage' Fee A Few Days Later: 'Becoming More And More Popular…Also With Uber'

'I'm so tired of it.'

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AAP

Massachusetts Uber, Lyft drivers certify first statewide ride-hailing union amid automation fears

Drivers in Massachusetts for ride-hailing apps such as Uber and Lyft have become the first in the nation to certify a union

The Independent UK

Massachusetts Uber, Lyft drivers certify first statewide ride-hailing union amid automation fears

Drivers in Massachusetts for ride-hailing apps such as Uber and Lyft have become the first in the nation to certify a union

Fortune

Uber CEO says rideshare ‘freed up’ his son from having to get a driver’s license—and he’s one of many Gen Zers who aren’t willing to drive

“This drives me crazy. My son is over 18,” Dara Khosrowshahi said on a podcast. “I’m still trying to get my son to get his driver’s license.”

International Business Times UK

'Scammer' Lyft Driver Allegedly Tried to Charge Riders $75 Using An AI-Generated Photo of Fake Car Damages

A Florida Lyft driver has been blocked after allegedly using AI-generated images to claim a $75 (£59) damage fee.

The Conversation

Would a $1 rideshare fee affect wealthier or working-class Philadelphians more? 2 Chicago studies offer some perspective

Philadelphia Mayor Cherelle Parker has proposed a US$1 fee on all Uber, Lyft and other rideshare trips in the city to begin in 2027. The projected $48 million annual revenue would go entirely to support the chronically underfunded Philadelphia school district, which faces a $300 million budget deficit.

Barchart

ZoomInfo Stock Plunges as Company Slashes Jobs. Wall Street Doesn’t Know Whether to Love or Hate AI Layoffs.

ZoomInfo stock cratered after sweeping layoffs and weak guidance reignited fears that AI could disrupt the company’s core sales-intelligence business.

Fortune

‘This is very transformative for the business’: Lyft’s head of growth on taking a big step into London’s black cab sector

The ride-hailing giant has agreed to acquire Gett U.K., making it the largest app for London’s iconic black cabs. Lyft’s EVP for global growth, an Arsenal fan, is excited.

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