---

Brought to you by RivalSense - an AI tool for monitoring any company.

RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡

---

Lyft

🌎 lyft.com

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.

---

Lyft - Latest News and Updates

• California is in settlement talks with Lyft over wage theft claims involving more than 250,000 drivers who worked between 2016 and 2020.
• Lyft is reportedly close to acquiring the mobility app FreeNow from Mercedes and BMW for a mid-double-digit million amount.
• Engine Capital, an activist investor with a 1% stake in Lyft, is urging the company to conduct a strategic review and address concerns about stock price, strategic positioning, and corporate governance.
• The US Army has partnered with Lyft and Uber for a pilot program to allow drivers access to six military bases, aiming to improve transportation for over 600,000 personnel.
• A viral TikTok video accused a Lyft driver of scamming a customer by canceling the ride and demanding cash, with Lyft allegedly blaming the customer for the incident.

---

Sign up to receive regular updates

If you liked the insights, consider following your own companies of interest. Receive weekly insights directly to your inbox using RivalSense.