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The Latest Breaking News from Lyft

Lyft, Uber Face Flak For Initiating Surge After Dreadful Subway Attack; Look To Refund Riders

Lyft Inc (NASDAQ:LYFT) suspended its surge pricing citywide on April 12 after the horrific subway attack that injured at least 29 people, the New York Post reports. Larger rival Uber Technologies Inc (NYSE:UBER) restricted its suspension of demand-based rates to Brooklyn, where the shooting occurred. The shooting, around 8:30 a.m, had snapped train service…

Benzinga

4 transportation tweaks that would finally slow climate change, according to the IPCC

We are already in the midst of these changes. The Intergovernmental Panel on Climate Change released its latest report which urges large-scale changes to transport.

Inverse

Uber broke federal law by providing ‘as little information as possible’ to police and courts, lawsuit claims

A newly filed lawsuit claims Uber broke federal law by providing “as little information as possible” to police and courts in response to subpoenas, search warrants and court orders.

Tribune News Service

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4,000 electric scooters hitting Chicago streets next month

Three firms — Lime, Spin and Superpedestrian — will start renting 1,000 scooters apiece outside downtown. City Hall also will let Lyft, operator of the Divvy bike-sharing system, add 1,000 scooters to its 230 downtown docking stations.

Chicago Sun-Times

At least 50 US gig workers murdered or killed since 2017 – study

Activists say companies like Lyft and Uber ‘try to protect their bottom line by offloading risk’ on to workers

The Guardian - US

Should Lyft and DoorDash Merge To Better Compete With Uber? Analyst Pierre Ferragu Thinks So

New Street analyst Pierre Ferragu thinks a merger between Lyft Inc (NASDAQ:LYFT) and DoorDash Inc (NYSE:DASH) would drive a 30% upside to the combined company's long-term EBITDA. Ferragu says combining the businesses would keep drivers busier, allowing them to make more money while also reducing the cost of finding new customers. The combination of food…

Benzinga

‘Pattern’ of gig worker murders reveals safety gaps: labour group

More than 50 US gig workers have been murdered while working since 2017, according to a report by a US labour group.

Al Jazeera

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Revolutionary changes in transportation, from electric vehicles to ride sharing, could slow global warming – if they’re done right, IPCC says

Around the world, revolutionary changes are under way in transportation. More electric vehicles are on the road, people are taking advantage of sharing mobility services such as Uber and Lyft, and the rise in telework during the COVID-19 pandemic has shifted the way people think about commuting.

The Conversation

Here's Why Mizuho Views Uber As Top Pick

Mizuho analyst James Lee kept a Buy rating on Uber Technologies Inc (NYSE:UBER) with a $72 price target (100% upside). Lee reiterated Uber as a top pick in the U.S. Washington passed a new law that enabled gig drivers to remain as contractors while receiving benefits like injury protection and paid medical leave. The law…

Benzinga

Los pasajeros de viajes compartidos a veces se quedan con facturas médicas en un accidente

En la madrugada del 12 de septiembre de 2020, el chef de Denver Brian Fritts, de 32 años, iba en el asiento trasero de un coche de Lyft cuando otro vehículo chocó contra él y se fue, dejándole seis vértebras aplastadas y la mandíbula rota.

Tribune News Service

Rideshare riders sometimes stuck with medical bills in a crash

In the early hours of Sept. 12, 2020, Denver chef Brian Fritts, 32, was riding in the backseat of a Lyft car when another vehicle crashed into it and drove off, leaving him with six crushed vertebrae and a broken jaw.

Tribune News Service

¿$6 el galón de gasolina en la Florida? Expertos pronostican alza en alimentos y bienes

Mar. 10—Las repercusiones de la invasión rusa a Ucrania el 24 de febrero siguen sintiéndose a nivel nacional y en la turística Florida.

Tribune News Service

Amid gas woes, NYC ride-hail drivers seek fuel surcharges

With fuel prices approaching $5 a gallon at some New York City gas stations, drivers for Uber and Lyft are calling on the ride-hailing companies to place surcharges on trips to help ease the rising cost of keeping for-hire cars and taxis on the road

The Independent UK

Read Why RBC Capital Slashed Price Targets Of Uber, Lyft

RBC Capital analyst Brad Erickson slashed the price target on Uber Technologies Inc (NYSE:UBER) to $50 from $65 (57% upside) but kept an Outperform. Erickson cut the price target on Lyft Inc (NASDAQ:LYFT) to $50 from $53 (37% upside) and kept an Outperform. Erickson cited the findings from RBC's proprietary driver supply analysis that gave a relative…

Benzinga

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Benzinga

Where Lyft Stands With Analysts

Within the last quarter, Lyft (NASDAQ:LYFT) has observed the following analyst ratings:

The Independent UK

Lyft details fuel surcharge to help offset rising gas prices

Lyft will add a fuel surcharge of 55 cents to each ride given by its drivers to help offset surging gasoline prices

Chicago Sun-Times

Contractor status keeps rideshare drivers’ pay below minimum wage, report says

The study by the Illinois Economic Policy Institute and researchers at the University of Illinois Urbana-Champaign said the average rideshare driver in Chicago could earn substantially more money if classified as an employee.

The Guardian - US

‘It’s not worth it’: rising gas prices force drivers to work for less than minimum wage

Drivers already hit by low wages and poor working conditions are spending more time driving to keep their wages the same

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Chicago Tribune

Minimum pay law for Uber and Lyft drivers proposed in Chicago

CHICAGO — A Chicago alderman has proposed an ordinance that would establish the minimum pay of ride-share drivers in the city, drawing concern from companies like Uber and Lyft that say such regulations would hit riders’ wallets the hardest.

Tribune News Service

Henry Payne: I rode an autonomous vehicle in Arizona. Here's how it went

TEMPE, Arizona — I secure my seatbelt in the back seat, press the START RIDE button, and my Waymo One Chrysler Pacifica enters traffic on Warner Road, the steering wheel spinning right — then left — into the center lane before slowing for a stoplight.

Chicago Sun-Times

City Council member wants pay hike for Uber, Lyft drivers

Ald. Roderick Sawyer’s proposed ordinance would stop ride-hailing firms from making "record profits" while drivers barely make ends meet. "They need a decent increase. They feel like they’re getting shafted," Sawyer said.

Chicago Sun-Times

Teen attended hearing on weapons charge, then carjacked Lyft and gunned down 15-year-old, prosecutors say

Anthony Brown, 16, allegedly killed Michael Brown Tuesday in Bronzeville.

Benzinga

Lyft Stock Bounces After Q4 Earnings: 5 Top Analysts React To Revenue Beat, Rider Miss

LYFT Inc (NASDAQ: LYFT) shares traded higher by 2.7% on Wednesday after the company reported a fourth-quarter revenue beat despite disappointing rider growth.

Benzinga

Lyft's Q4 Sales Top Views, But Shares Move Lower

Lyft, Inc. (NASDAQ: LYFT) reported better-than-expected earnings results for its fourth quarter after the closing bell on Tuesday.

Benzinga

Wedbush Lowers Price Target On Lyft Stock But Still Sees 21% Upside

Wedbush Securities analyst Daniel Ives on Tuesday said he continues to see upside in Lyft Inc.'s (NASDAQ: LYFT) stock despite the mixed earnings results for the fourth quarter.

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