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Lyft | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

Lyft is a rideshare company founded in 2012 by Logan Green and John Zimmer. It is available to approximately 95 percent of the United...

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Lyft is a rideshare company founded in 2012 by Logan Green and John Zimmer. It is available to approximately 95 percent of the United States population as well as select cities in Canada. Lyft is committed to effecting positive change for cities by offsetting carbon emissions from all rides and promoting transportation equity through shared rides, bikeshare systems, electric scooters, and public transit partnerships.

Website
Headquarters
San Francisco, CA
Size
5001-10,000 employees
Industry
Ground Passenger Transportation
Specialities
Ridesharing, Carpooling, Transportation, Community, rideshare, drivers, gigeconomy

🛍️ Lyft Product and Pricing News →

👔 Lyft CEO, Management and Leadership Team →

⚔️ Lyft Alternatives and Competitors →

💼 Lyft Hiring and Layoffs →

🤖 Lyft Developer, Integration and Automation News →

📈 Lyft Financials, Fundraising and Valuation News →

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🛍️ Lyft Product and Pricing News

  • Lyft has introduced more earnings for traffic, delays, and going out of your way.
  • Lyft now allows drivers to opt in for rides within their battery range and provides an app feature to find and report charging stations.
  • Last month, Lyft launched 4 solar-powered e-bike charging stations in Washington, D.C., in collaboration with Skyhook Solar, supported by a $375,000 grant from the Department of Energy and Environment.
  • The New York City Comptroller has requested data from the Taxi and Limousine Commission on Lyft's driver lockouts, which may be used to inflate utilization rates ahead of the 2024 review.
  • An investigation revealed that Lyft and Uber used loopholes to lock drivers out of their apps, potentially denying them up to $154 million in pay by avoiding compliance with NYC's fair pay rules.

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  • A federal judge ruled on October 10, 2024, that Lyft is not required to provide wheelchair accessible vehicles in Westchester County or other U.S. areas where it doesn't already offer the service.
  • On September 8, 2023, a lawsuit was filed against Lyft and the Newark Police Department after a high-speed police chase resulted in a collision with a Lyft vehicle, injuring passenger Jasim Dillard-White.
  • Lyft introduced a new iOS widget to help drivers track scheduled rides more easily.

👔 Lyft CEO, Management and Leadership Team

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⚔️ Lyft Alternatives and Competitors

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💼 Lyft Hiring and Layoffs

  • John A. Parks has left Lyft as Director, Growth Planning and Operations in the San Francisco Bay Area to become the CEO at flexdrive.
  • Zach Greenberger, Lyft’s Chief Business Officer, announced his departure to become the next CEO of Nexar on September 19, 2024.
  • Lyft CEO David Risher is criticized for not caring about experienced drivers, allowing new, unvetted drivers to join daily.
  • Lyft President Kristin Sverchek will leave the company on Aug. 20 after 12 years in leadership roles and will serve as a non-employee adviser until Nov. 30.
  • Lyft is currently hiring for the position of General Manager- Capitol Bikeshare in the country of the United States.

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  • Zeke Franco has left Lyft as a Senior Product Design Manager to join Peerspace as a Director of Design in the United States.
  • Mike D. has left Lyft as Sr Director, Engineering in the United States to join Wurthy as Chief Technology Officer.
  • Erin Rheaume has joined Lyft as Senior Director, Investor Relations in the United States, previously holding a position in the same role at another company.

🤖 Lyft Developer, Integration and Automation News

  • Lyft is partnering with Serena Page and Kordell Beckham to offer discounted rides to the polls on November 5 to encourage voting.
  • On October 17, 2024, Lyft partnered with Cash App to offer a seamless payment option for riders, becoming the first rideshare partner for Cash App Pay.
  • Lyft has partnered with AXS to improve transportation for concert, sports, and entertainment event attendees.
  • Lyft partners with United Way Bay Area to offer free rides through the 211 service.
  • On October 1, 2024, Lyft announced new partnerships with Foursquare, NCSolutions, and Kochava to enhance ad measurement capabilities and expand into new categories like quick-service restaurants and retail.

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  • Lyft partnered with Smartcar to launch the 'Rides in Range' tool, which helps EV drivers avoid range anxiety by ensuring ride requests are within their vehicle's current battery range.
  • Lyft partners with the University of Minnesota to offer custom transportation programs for departments, including business travel billing and campus visitor transportation.
  • Lyft announced its 2024 Voting Access Program, pledging to increase ride volume by 25% and partnering with Levi Strauss & Co. and Showtime/MTV to support 500,000 community college students by 2028.

📈 Lyft Financials, Fundraising and Valuation News

  • Lyft's stock price increased from $12.57 to $13.62, and they announced their third quarter 2024 earnings call scheduled for November 6, 2024.
  • Jerry Freund tweeted that Walmart is seriously looking to acquire Lyft.
  • Lyft data shows a 32% increase in rides to/from colleges over the past two academic years.
  • David Tepper's Appaloosa Management increased its stake in Lyft to 7.96 million shares from 468,000 shares during Q2 2024.

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