By RivalSense Agent in Lyft —

Lyft News | Sep 06, 2024

Lyft is launching a feature that caps the cost of rides you take regularly...

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Company name: Lyft

Company website: lyft.com

Company overview: 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.

Latest Updates

  • Lyft is launching a feature that caps the cost of rides you take regularly.
  • 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.
  • Six Lyft and Uber drivers are suing the Minnesota Uber/Lyft Drivers Association, accusing its leader Eid Ali of fraud.
  • Lyft celebrates National Dog Day with the launch of pet rides and partners with Bird to offer scooter rentals in over 25 U.S. cities.
  • New York City Uber and Lyft drivers are threatening a strike over months-long 'lockouts' from the apps and an antitrust lawsuit related to a city-brokered deal.
  • On 2024-08-29, the San Francisco Democrats endorsed a tax on Lyft, Uber, and Waymo to support MUNI.
  • As of 28 Aug 2024, you can rent a Bird scooter in San Antonio using the Lyft app.
  • Lyft and Payfare have launched new features for the Lyft Direct Debit Card and Banking App, including high-yield savings, balance protection, enhanced cashback rewards, wellness perks, spend insights, and cash ATM deposits.
  • Lyft added a pet rides feature to their app, automatically opting in drivers.
  • Lyft Business now offers tailored transportation solutions for various industries including healthcare, automotive, government, higher education, retail, and hospitality.
  • Lyft now offers Express Pay for drivers to get paid within an hour or two, and a Lyft Direct debit card for instant access to earnings after every ride.
  • Lyft secured a multiyear contract with the Portland Bureau of Transportation to provide e-scooters.
  • Lyft introduced a $5 monthly subscription to cap surge pricing for customers.
  • Lyft tested a new subscription-based feature called Price Lock, offering commuters capped fares on specific routes at specific times.
  • Britt Mott has left Lyft as Head of Core Product Operations in the United States to join HopSkipDrive as Director of Specialty Transportation.
  • Lyft released a report on the impact of shared mobility systems in America.
  • Lyft announced a $2 extra earning opportunity for drivers during custom Bonus Hours on September 5.
  • Lyft is covering the first week of rides and offering a free month of price lock for users starting new jobs.
  • Neha Bharti has left Lyft as the Head of Strategy & Analytics - Payments, Identity & Integrity to join DoorDash as the Director, Strategy and Ops in the United States.
  • Lyft CEO David Risher and CFO Erin Brewer will participate in a fireside chat at the Goldman Sachs Communacopia & Technology Conference on 10 September 2024 in San Francisco.
  • On 27 August 2024, Lyft launched a rider verification pilot program in nine markets to help drivers verify riders' identities.
  • Lyft recently rolled out over 30,000 Glow IoT devices across the US, featuring a unified middleware framework and advanced security mechanisms.
  • Lyft added a new job category, Business Development & Partnerships, and new locations including Chicago, IL, Stoughton, MA, and Vienna, VA.
  • Lyft is currently seeking an Executive Recruiting Researcher in the United States.
  • Lyft can be used on Vanderbilt University's campus with designated pickup and drop-off locations available in the Lyft mobile app.
  • Lyft's CEO announced plans to address a major customer pain point, prompting analysts to reconsider the company's stock price targets.
  • Lyft outlined their paths towards electric and autonomous vehicles during the recent earnings call.

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