PYMNTS-MonitorEdge-May-2024

Lyft

Lyft, Inc. is a ridesharing company based in San Francisco, California and operating in 640 cities in the United States and 9 cities in Canada. It develops, markets, and operates the Lyft mobile app, offering car rides, scooters, and a bicycle-sharing system.

Source: lyft.com

Mastercard Adds Cardholder Benefit Offers From Health, Travel, Lifestyle Brands
Mastercard Adds Cardholder Benefit Offers From Health, Travel, Lifestyle Brands
April 04, 2024  |  Mastercard

Mastercard has added new cardholder benefits that include offers from health and wellness, travel and lifestyle brands. The new offerings include benefits for consumer cardholders and...

READ MORE >
Uber, Lyft to Exit Minneapolis After Minimum Wage Vote
Uber, Lyft to Exit Minneapolis After Minimum Wage Vote
March 15, 2024  |  Ridesharing

Uber and Lyft will reportedly halt their operations in Minneapolis after the city council voted to require that drivers be paid a minimum wage of...

READ MORE >
Uber Looks to Tap Into India’s Scooter and Motorbike Market
Uber Looks to Tap Into India’s Scooter and Motorbike Market
February 22, 2024  |  Ridesharing

Uber reportedly wants to move deeper into India’s two- and three-wheeled vehicle market. Speaking during an event Thursday (Feb. 22) in Bangalore, CEO Dara Khosrowshahi said the...

READ MORE >
InDrive Says Transparent Ride-Hailing Pay Structure Will Ensure Fair Compensation for Drivers
InDrive Says Transparent Ride-Hailing Pay Structure Will Ensure Fair Compensation for Drivers
February 15, 2024  |  Gig Economy

The emergence of ridesharing platforms such as Uber and Lyft has not only transformed commuting habits but also reshaped the gig economy landscape, granting drivers unprecedented levels of flexibility...

READ MORE >
Uber, Lyft Differences Boil Down to Transportation vs End-to-End Mobility
Uber, Lyft Differences Boil Down to Transportation vs End-to-End Mobility
February 14, 2024  |  Ridesharing

Uber and Lyft’s most recent earnings reports spotlight a widening divergence in approach in business models. At first glance, there’s a core focus for both...

READ MORE >
Lyft Says ‘Continuous Innovation’ of App Earns Record Annual Ridership
Lyft Says ‘Continuous Innovation’ of App Earns Record Annual Ridership
February 13, 2024  |  Earnings

Lyft says differentiated offerings on its app helped drive its annual ridership to the highest level in the company’s history. For full-year 2023, the rideshare platform...

READ MORE >
Rideshare, Delivery Drivers to Strike on Valentine’s Day
Rideshare, Delivery Drivers to Strike on Valentine’s Day
February 12, 2024  |  Gig Economy

An organization representing rideshare drivers and delivery workers is organizing a strike on Valentine’s Day (Wednesday, Feb. 14). Justice for App Workers is calling on drivers...

READ MORE >
Lyft Guarantees Rideshare Drivers 70% or More of Fare
Lyft Guarantees Rideshare Drivers 70% or More of Fare
February 06, 2024  |  Ridesharing

Lyft said it has made several improvements for drivers in its latest product update, the Early 2024 Release. The rideshare platform’s latest release addresses key...

READ MORE >
Nomura Downgrades Uber and Lyft After Outsized Gains in 2023
Nomura Downgrades Uber and Lyft After Outsized Gains in 2023
December 29, 2023  |  Ridesharing

While ridesharing giants Uber and Lyft experienced significant growth in revenue in 2023, they reportedly facechallenges in 2024. For different reasons, financial services group Nomura...

READ MORE >