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

DoorDash Trails Uber Driver in Latest Provider Ranking of Gig Platform Apps
DoorDash Trails Uber Driver in Latest Provider Ranking of Gig Platform Apps
December 13, 2023  |  Gig Economy

The gig economy allows workers control over their own employment while offering consumers choice and convenience. PYMNTS Provider Ranking of Gig Platform Apps, which uses...

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Alphabet Sheds Entire Stake in Trading App Robinhood
Alphabet Sheds Entire Stake in Trading App Robinhood
November 13, 2023  |  Business

Google parent Alphabet has sold off all of its shares in trading app Robinhood. The tech giant in August had sold about 90% of its stake in...

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Lyft Doubles Down on Rides as Uber Focuses on Growing Memberships
Lyft Doubles Down on Rides as Uber Focuses on Growing Memberships
November 10, 2023  |  Ridesharing

It’s commonplace to mention Uber and Lyft in the same breath in any conversation about the great travel snapback. As earnings reports through the past...

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Lyft Projects Growth That May Fall Short of Analysts’ Expectations
Lyft Projects Growth That May Fall Short of Analysts’ Expectations
November 08, 2023  |  Earnings

Lyft expects its fourth quarter revenue to grow by the mid-single digits compared with the previous quarter. The ride-share company announced this outlook Wednesday (Nov....

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Uber and Lyft to Pay $328 Million Settlement for Withholding Driver Pay
Uber and Lyft to Pay $328 Million Settlement for Withholding Driver Pay
November 02, 2023  |  Gig Economy

Uber and Lyft will pay a combined settlement of $328 million after multi-year investigations into their practices by the New York State Attorney General. The...

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To Reap Digital Gold Look for Kludge, Hope for Inspiration
To Reap Digital Gold Look for Kludge, Hope for Inspiration
October 25, 2023  |  David S. Evans

If you want to come up with the next big thing for digital transformation, you shouldn’t wait around for inspiration. Maybe the apple falling from the...

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Uber Driver Races to Secure No. 1 in PYMNTS’ Gig App Ranking
Uber Driver Races to Secure No. 1 in PYMNTS’ Gig App Ranking
September 14, 2023  |  Gig Economy

In this month’s edition of PYMNTS’ Provider Ranking of Gig Platform Apps, Uber Driver stands out as the frontrunner. To delve deeper into the leading...

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Lyft Launches Feature to Match Women and Nonbinary Drivers and Riders
Lyft Launches Feature to Match Women and Nonbinary Drivers and Riders
September 12, 2023  |  Transportation

Lyft has introduced a new feature that aims to match women and nonbinary divers with more women and nonbinary riders. The new Women+ Connect feature is designed...

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Lyft Considers Partnerships and Other Options for Bikesharing Business
Lyft Considers Partnerships and Other Options for Bikesharing Business
July 24, 2023  |  Connected Economy

Lyft is considering partnerships and other options for its bike and scooter business. The company has received “strong inbound interest” in the business, Lyft said in...

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