PYMNTS-MonitorEdge-May-2024

ride-hailing

Uber Expands ‘Ride Pass’ Monthly Subscription
Uber Expands ‘Ride Pass’ Monthly Subscription
March 26, 2019  |  Ridesharing

Ride-hailing company Uber is expanding its Ride Pass program, a subscription service that lets riders pay a monthly fee for discounted rides on all Uber...

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Lyft Lifts Driver Loyalty With Free Debit Cards, Bank Accounts
Lyft Lifts Driver Loyalty With Free Debit Cards, Bank Accounts
March 26, 2019  |  Ridesharing

Ride-hailing company Lyft will offer a slew of perks to its drivers in an effort to encourage them to be more loyal and stop switching...

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Lyft Posts $911M In 2018 Losses
Lyft Posts $911M In 2018 Losses
March 25, 2019  |  IPO

Lyft, the ride-hailing startup that’s going public via an initial public offering later this week, is shaping up to have lodged the most losses in...

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Amid Ride-Hailing Firms’ Bid For Black Ink And IPOs, Driver Strikes?
Amid Ride-Hailing Firms’ Bid For Black Ink And IPOs, Driver Strikes?
March 25, 2019  |  Ridesharing

IPOs loom – among them, of course, the long-awaited debuts of Lyft and Uber. The two ride-hailing giants have raised billions of dollars, sparking valuations...

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Lyft Sells All IPO Shares, Could Boost Valuation
Lyft Sells All IPO Shares, Could Boost Valuation
March 25, 2019  |  IPO

Lyft has sold all of its planned IPO shares, leading analysts to raise their target price for the ridesharing company. As a result, the company...

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Uber To Acquire Careem For $3B
Uber To Acquire Careem For $3B
March 24, 2019  |  Partnerships / Acquisitions

Uber, the ride-hailing startup, is reportedly gearing up to make a $3 billion bid for Careem Networks, the Dubai-based ride-hailing company. According to a report...

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Lyft IPO Oversubscribed, Could Reap $1B In CA Taxes
Lyft IPO Oversubscribed, Could Reap $1B In CA Taxes
March 20, 2019  |  IPO

Lyft’s initial public offering (IPO) is reportedly oversubscribed, with the company on its way to getting or maybe even exceeding its sought-after $23 billion valuation....

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Ola Gets $300M Investment From Hyundai, Kia
Ola Gets $300M Investment From Hyundai, Kia
March 19, 2019  |  Investments

Hyundai Motor Group and Ola, the ride-hailing platform, announced on Tuesday (March 19) a strategic partnership in which Hyundai and Kia Motors Corp. will invest...

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Taxi-Hailing Firm Gett Eyes 2019 IPO
Taxi-Hailing Firm Gett Eyes 2019 IPO
March 18, 2019  |  IPO

Gett, a ride-hailing company that works with taxis, is planning an initial public offering later this year, The Financial Times reported. The company offers transportation...

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