Tag: Lyft
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MIT study shows how much driving for Uber or Lyft sucks
Ride-hailing giants Uber and Lyft are delivering pitiful levels of take-home pay to the hundreds of thousands of US independent contractors providing their own vehicles and driving skills to deliver the core service, according to an MIT CEEPR study examining the economics of the two app platforms. The report catalyses the debate about conditions for workers…
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What Lyft’s self-driving car gets right: driving style
Lyft's self-driving BMW 5 Series sedan.Image: Pete Pachal/Mashable Riding in a self-driving Lyft car is way more boring than you’d expect. But that’s really the point. The ride, which I took on the streets of Las Vegas at the outset of CES 2018, was only remarkable in how mundane it was. Turns, lane changes, braking…
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Lyft raising additional $500 million on top of recent $1 billion round
Lyft is seeking to raise an additional $500 million, over and above the $1 billion it raised in a round led by Alphabet venture arm CaptialG last month. The $500 million is an extension of that round, the company told Axios, and is not yet closed. But it should add to Lyft’s overall valuation once…
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Alphabet is reportedly mulling a $1B investment in Lyft
It’s about as good a timing as any for Lyft to capitalize on the tidal wave of negative publicity that Uber is facing right now, and it looks like it might end up with a significant investment from Alphabet in the middle of that train wreck, according to a report by Axios. That’s not to…
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