The Latest Breaking News from Lyft

Stock futures slip lower as bank sector worries clip sentiment; Fed supervisor Barr to face Senate lawmakers on SVB collapse; Lyft shares leap as founders step aside for new CEO David Risher; Occidental shares jump as Warren Buffett adds more shares to holding and Alibaba shares spike on plans to…

It could take the rideshare company in a new direction

According to predictions made nearly a decade ago, we should be riding around in self-driving vehicles today. It’s now clear the autonomous vehicle revolution was overhyped.

Uber stock jumped Tuesday, as did Lyft and DoorDash, thanks to a court ruling on how they categorize drivers.

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The ruling mostly upholds a voter-approved law that said drivers for ride-share companies are independent contractors and are not entitled to benefits like paid sick leave and unemployment insurance.

A California appeals court has ruled companies like Uber and Lyft do not have to treat their drivers as employees

Shares of ride-sharing company Lyft (LYFT) plummeted more than 75% over the past year. An unexpected fourth-quarter loss and disappointing revenue guidance for the first quarter of 2023 contributed to the weakened investor sentiment. Given its massive losses, weak guidance, fierce competition among industry peers, and low profitability, is it…

Supporters fear Su, the deputy labor secretary, might have a hard time getting the needed Senate votes as some business groups oppose her nomination

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Drivers call for regulation of rideshare companies they say collect up to 50% of fares and arbitrarily close workers’ accounts