PolicyLink study: California rideshare drivers make a net median of $6.20/hour after costs and could make an additional ~$10.50/hour if classified as employees (Aarian Marshall/Wired)

September 22, 2022

Aarian Marshall / Wired:
PolicyLink study: California rideshare drivers make a net median of $6.20/hour after costs and could make an additional ~$10.50/hour if classified as employees — Uber and Lyft spent millions promoting a controversial ballot measure. A new study suggests it has lowered driver wages.

Categories: Uncategorized

Lyft faces 17 lawsuits across 11 states from drivers and passengers accusing the company of failing to protect its users from sexual and physical assault (Kirsten Korosec/TechCrunch)

Kirsten Korosec / TechCrunch:
Lyft faces 17 lawsuits across 11 states from drivers and passengers accusing the company of failing to protect its users from sexual and physical assault — Lyft is facing a fresh batch of lawsuits from drivers and passengers who say they were sexually and physically assaulted during rides …

September 2, 2022

Lyft reports Q3 revenue up 22% YoY to $1.05B, riders up 7% YoY to 20.31M, vs. 21.3M est., and a $422.2M net loss, up from $99.7M YoY; the stock drops 10%+ (Preetika Rana/Wall Street Journal)

Preetika Rana / Wall Street Journal:
Lyft reports Q3 revenue up 22% YoY to $1.05B, riders up 7% YoY to 20.31M, vs. 21.3M est., and a $422.2M net loss, up from $99.7M YoY; the stock drops 10%+ — The number of people using the ride-sharing app grew less than analysts had been predicting — Uber, Lyft and the Crucial Challenge for Profitability in 2022

November 7, 2022

Sources: Lyft plans to cut 13% of its 4,000 employees, after previously cutting 60 people, or under 2% of its workforce, in July (Wall Street Journal)

Wall Street Journal:
Sources: Lyft plans to cut 13% of its 4,000 employees, after previously cutting 60 people, or under 2% of its workforce, in July — Ride-hailing company to cut 13% of staff in second round of job cuts — Lyft Inc. LYFT -0.43%decrease; red down pointing triangle is cutting 13% of staff …

November 3, 2022

Lyft says it is freezing all hiring in the US through the end of 2022 (Theo Wayt/New York Post)

Theo Wayt / New York Post:
Lyft says it is freezing all hiring in the US through the end of 2022 — Ride-sharing app Lyft is freezing all hiring in the US through the end of 2022, The Post has learned. — The news comes amid a broader economic slump that has sent Lyft’s stock tumbling 68% this year.

September 27, 2022

Uber reaches a $10M settlement with the City of Chicago for listing restaurants in Uber Eats and Postmates without consent and charging excess commissions (Rebecca Bellan/TechCrunch)

Rebecca Bellan / TechCrunch:
Uber reaches a $10M settlement with the City of Chicago for listing restaurants in Uber Eats and Postmates without consent and charging excess commissions — Uber has agreed to a $10 million settlement with the City of Chicago for listing local restaurants in the Uber Eats …

December 6, 2022

Uber Eats signs a 10-year deal with Nuro and plans to launch autonomous delivery vehicles in Mountain View, California, and Houston, Texas in fall 2022 (Andrew J. Hawkins/The Verge)

Andrew J. Hawkins / The Verge:
Uber Eats signs a 10-year deal with Nuro and plans to launch autonomous delivery vehicles in Mountain View, California, and Houston, Texas in fall 2022 — Nuro’s delivery pods are big enough to drive in the street — Uber Eats customers in California and Texas may soon have their takeout delivered …

September 8, 2022

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