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

Court Rules Uber and Lyft Drivers Are Contractors
Court Rules Uber and Lyft Drivers Are Contractors
March 14, 2023  |  Ridesharing

Uber and Lyft have landed a victory in their battle to treat drivers as contractors. In a ruling issued Monday (Mar. 13), California’s 1st District...

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Lyft and Bilt Rewards Partner to Offer Points on Ridesharing
Lyft and Bilt Rewards Partner to Offer Points on Ridesharing
March 08, 2023  |  Partnerships

Lyft users can now earn Bilt Rewards points on every rideshare, bike and scooter booking. The two companies have teamed up to enable the users...

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Lyft Stock Decline Draws Sharp Contrast to Uber’s Broader Platform Strategy
Lyft Stock Decline Draws Sharp Contrast to Uber’s Broader Platform Strategy
February 10, 2023  |  Ridesharing

The Uber versus Lyft battle illuminates a stark reality as the pandemic recedes: The broader the platform — the more opportunity for users (and drivers)...

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Uber Recovers, Instacart Slips in Latest Gig Economy App Ranking
Uber Recovers, Instacart Slips in Latest Gig Economy App Ranking
December 01, 2022  |  Gig Economy

Leading contract employment apps are wavering in PYMNTS’ latest Provider Ranking of Gig Economy Apps. Some category leaders regained ground lost last time, while others...

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Lyft Lays Off Nearly 700 Staff and Braces for Changing Economy
Lyft Lays Off Nearly 700 Staff and Braces for Changing Economy
November 03, 2022  |  Economy

Ride-hailing company Lyft is making another cut to its employees by laying off nearly 700 members of its staff, effective Thursday (Nov. 3). In a...

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Leading Gig Apps Slip in September’s Provider Ranking
Leading Gig Apps Slip in September’s Provider Ranking
September 27, 2022  |  Gig Economy

Category leaders are losing ground in PYMNTS’ latest Provider Ranking of Gig Economy Apps, as the top players see their scores fall. Meanwhile, in the...

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Lyft Launches Advertising Unit With Suite of Products
Lyft Launches Advertising Unit With Suite of Products
August 08, 2022  |  Ridesharing

Lyft is introducing a media and advertising unit with a suite of products designed to help brands reach the growing number of people using rideshare...

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Lyft Shares Up on Rides Demand Surge
Lyft Shares Up on Rides Demand Surge
August 04, 2022  |  Ridesharing

In Lyft’s Q2 results, the ride-share company saw profits rising as demand surged due to continued reopenings of the economy after the pandemic, a company...

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Lyft Shuts Car Rental Unit, Cuts About 60 Jobs
Lyft Shuts Car Rental Unit, Cuts About 60 Jobs
July 20, 2022  |  Ridesharing

Lyft has laid off about 60 people and announced it was ending its program that let people rent its cars on its app. The Wall...

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