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The Latest Breaking News from Lyft

Ordinance would hike fees for O’Hare trips booked through ride-hailing apps

A 10-cent fee per ride proposed by Ald. Susan Sadowski Garza (10th) would fund a nonprofit to connect drivers with representation in grievances and other services.

Chicago Sun-Times

Ride-hailing, food delivery drivers could appeal deactivations under proposed ordinance

Uber and Lyft drivers complain of being deprived of their livelihoods when passengers retaliate by making false claims against them.

Chicago Sun-Times

What's a 'gig' job? How it's legally defined affects workers' rights and protections

The “gig” economy has captured the attention of technology futurists, journalists, academics and policymakers.

The Conversation

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Ride-share drivers protest at O’Hare to demand better wages, bathroom access and end to ‘unfair’ deactivations

As thousands of travelers across the country and in Chicago saw their holiday plans upended by transportation troubles, ride-share workers took a stand Tuesday night by refusing to take rides from O’Hare International Airport.

Chicago Tribune

Big Tech's $4.5 Trillion Bloodbath

Waves of massive job cuts, abandoned projects and billions of dollars in market cap evaporated: big tech has had a hard landing in 2022.

The Street

Hyundai Shows Off Ioniq 5-Based Robotaxis Operating In Las Vegas

Users can call an autonomous Ioniq 5 in Las Vegas through Uber or Lyft, although until the end of 2023 there will still be a safety driver on-board.

InsideEVs

Lyft Makes Morningstar's List of Cheapest Stocks

Here are the most undervalued stocks tracked by Morningstar, as measured by its fair-value estimates.

The Street

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Is Lyft a Stock You'll Want to Hop Into This Winter?

Leading ride-hailing service provider Lyft (LYFT) reported disappointing third-quarter results. Moreover, the stock has witnessed weak momentum over the past year. So, is the stock worth buying now? Read more to find out why.

StockNews.com

Whitney Wolfe Herd, who built Bumble into a $765 million company, is hiring someone else to run the app for the first time

Drena Kusari will become GM of the Bumble app, while Whitney Wolfe Herd "dreams big" as Bumble Inc. CEO.

Fortune

Elon Musk Fears Economic Disaster if This Is Not Done Immediately

The richest man in the world runs five companies. And he never hesitates to let the world know what he thinks.

The Street

Uber, Lyft and the pandemic have flattened Philadelphia’s taxi industry, leaving both passengers and cab drivers waiting

PHILADELPHIA — The clock was sliding toward 2 p.m., and Ishmail Ali’s taxi was inching toward the cab stand outside 30th Street Station, currently 12th in line.

The Philadelphia Inquirer

Companies like Lime and Lyft are improving design and operations to deliver on sustainability promises

Although shared e-bikes and scooters are touted as an environmentally friendly way to get around cities, the companies are often net contributors to greenhouse gas emissions.

Fortune

From immigration support to free office furniture: How severance packages for laid-off tech employees compare

An inside look at how severance packages at tech companies like Microsoft, Netflix, and Lyft stack up.

Fortune

Tech layoffs are not the canary in the coal mine for the U.S. labor market, Morgan Stanley says

Tech firms including Lyft, Twitter, Stripe, Meta and Amazon have laid off staff in recent months.

Fortune

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The Independent UK

Lyft drivers spread the Gospel with ride-hailing ministries

Pastor Kenneth Drayton and Tomika Reid try to inspire passengers through spiritual guidance on the road as part of what they see as Christian ride-hailing ministries

Salon

Calif.'s flawed electric car initiative

Prop 30 had widespread support. Then Governor Newsom and billionaires got involved

The Street

Amazon Begins Mass Job Cuts

Employees said on social media that they had been notified that they were fired.

Los Angeles Times

George Skelton: Newsom's resounding win shows he didn't even have to run a race for governor

SACRAMENTO, Calif. — What Gov. Gavin Newsom did was truly unprecedented. He handily won his reelection race without running.

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Benzinga

Troubled FTX Faces SEC Probe And 'Urgently Needs' $8B To Avoid Bankruptcy, NIO Posts Wider Q3 Loss, AstraZeneca Ditches US Application Submission For COVID-19 Shot: Top Stories Thursday, Nov. 11

Bloomberg

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For November 9, 2022

Upgrades

The Guardian - US

Colorado gig drivers make an average of just $5.49 an hour, study finds

Although the report focuses on drivers in Denver, gig worker drivers across the US face similar issues, experts say

Los Angeles Times

A measure to place abortion protections in the California Constitution ahead in early returns

SACRAMENTO, Calif. — A measure to codify progressive abortion protections in the California Constitution under Proposition 1 was leading in early results on Tuesday, prompting supporters to pop open champagne.

The Street

How Lyft Stock Could Still Fall Below $10

Lyft stock is falling by more than 20% after reporting earnings. Here's the must-hold level it needs to stay above to avoid a fall to $10 (or lower).

Benzinga

Check Out What Whales Are Doing With LYFT

Someone with a lot of money to spend has taken a bullish stance on Lyft (NASDAQ:LYFT). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Perrigo, Tripadvisor, Lyft, And Some Other Big Stocks Moving Lower On Tuesday

U.S. stocks traded higher, with the Dow Jones gaining more than 400 points on Tuesday. Here are some big stocks recording losses in today’s session.

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