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Tag Archives: Lyft

According to Lyft, the drivers who are worried about the price increase could be booted

Ride-share drivers involved in the price increase will be deactivated after a report reveals that ride-share drivers at an airport in Washington, DC, have been coordinated to raise fares, said Lyft. The statement was made following a report by ABC subsidiary WJLA alleging that Lyft and Uber riders at Reagan National Airport had arranged to shut down their apps until …

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Uber and Lyft IPOs mean that the cheap rides come to an end

Uber Technologies Inc., like its competitor Lyft Inc., has no path to profitability unless it does one of two things: Get rid of drivers or increase prices. Expect that the Giant Deer try both, now Uber UBER, + 0.00% and Lyft LYFT, + 4.29% are public companies that face pressure from Wall Street every three months. But considering how long …

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Beyond Meat, Lyft Slide Claps as Mood on the Street Current IPOs

(Bloomberg) – Stocks of recent listed companies, such as Beyond Meat Inc. and Lyft Inc., are impacted by the mood on Wall Street over the weekend as investors weakened the prospect of a US trade war with China. As the S & P 500 index fell 1.3 percent at 9:50 am, Wall Street favorite Beyond Meat – the producer of …

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