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The Latest Breaking News from Lyft

Proposition 30 has Calif. voters deciding on a tax for zero-emission vehicles. What you need to know

LOS ANGELES — On its face, Proposition 30 is simple enough: Raise taxes on the richest Californians. Pull in $30 billion to $90 billion over the next 20 years. Use 80% of the money to subsidize electric vehicles and charging stations, and 20% for wildfire suppression and prevention.

Los Angeles Times

Benzinga's Top Ratings Upgrades, Downgrades For October 7, 2022

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Benzinga

General Motors 'Marching Towards An Electric Future': Former Tesla Executive Joins Company

The battle between electric vehicle leader Tesla Inc (NASDAQ: TSLA) and other traditional gas-powered traditional automakers is expected to heat up in coming years. Now, a former Tesla executive has jumped on board with a future rival.

Benzinga

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Q&A: Environmental justice leader says Proposition 30 would help struggling areas clear the air

RIALTO, Calif. — Ana Gonzalez grew up watching the Inland Empire transform from citrus groves and grapevines into warehouses and retail distribution centers. The booming region east of Los Angeles now comprises 4.65 million people — and 1 billion square feet of warehouse space.

Tribune News Service

Blaming poor labour conditions in Ghana's transport sector on ride-hailing companies misses the deeper issues

Ride-hailing services like Uber and Lyft have become ubiquitous in many parts of the world over the past decade. Criticism of their business model has also become commonplace: ride-hailing companies are frequently accused of destroying traditional taxi businesses, undermining wages, and creating the digital equivalent of sweatshops.

The Conversation

Dueling sports betting measures appear headed to defeat despite record spending, poll finds

SACRAMENTO, Calif. — Online sports gambling companies, California tribes and card rooms have spent more than $410 million on a pair of dueling ballot measures to legalize sports betting in person and online.

Los Angeles Times

Can most Californians even afford to retire?

Steven Johnson spent 19 years as a minimum wage laborer for a Los Angeles moving company, lifting heavy furniture and suffering three hernias along the way.

Los Angeles Times

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George Skelton: Newsom breaks from fellow Democrats and aligns with the enemy on Lyft-backed Prop. 30

SACRAMENTO, Calif. — This is very rare: a California governor on the opposite side of his state party on a major public policy issue.

Los Angeles Times

Will Lyft Stock Lag After Hiring Freeze? Why Analysts Say Uber Could Capture Market

Lyft Inc.'s (NASDAQ: LYFT) U.S. hiring freeze has analysts anticipating what the impact could be on the e-hailing industry.

Benzinga

Is iPhone Demand Really Slowing Down?, Lyft Freezes Hiring, Biogen's New Drug Slows Alzheimer's Progression: Top Financial Media Stories Wednesday, Sept. 28

Bloomberg

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For September 26, 2022

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Benzinga

Michael Hiltzik: The fast-food industry gears up to kill another pro-worker state law

Political PR and advertising firms in California are going to owe Gov. Gavin Newsom a huge favor. That's because by signing the so-called Fast Recovery Act on Sept. 5, he opened the door to what could be hundreds of millions of dollars in spending by fast-food companies to kill it.

Los Angeles Times

Nigerian ride-hailing app aims to put women at ease

Hauwa Shakir puts the finishing touches to an elegant lilac and grey dress, grabs her handbag and steps into a grey Toyota Corolla in front of her home in the outskirts of central Abuja.

Reuters

DoorDash, Uber Eats Have Another Big Problem Brewing

The FTC says it will be more involved in regulating gig economy jobs, which could spell trouble for the delivery services.

The Street

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Input

Coinbase pushing pro crypto-lobbying crusade through its app

Brian Armstrong, Coinbase's CEO, announced an update to the brand's mobile app that will inform users on their state politicians' crypto stances.

The Independent UK

Friends and family of Lyft driver shot dead outside Amazon’s Seattle HQ call for answers

“We all want answers that we may never receive,” says fundraiser

The Independent UK

California governor opposes tax on rich in statewide TV ad

California Gov. Gavin Newsom wants voters to reject a new tax on rich people that would pay for more electric cars

Benzinga

Lyft Slides On BofA's Bearish Take: The Good And Bad News From The Stock Chart

Besides earnings and fundamental news affecting the broad market, Wall Street analyst actions can have a positive or negative impact on an issue's price action.

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Chicago Tribune

17 Lyft drivers, passengers sue company over allegations of physical and sexual assault

A mother of two, Stella Grant lost her job early in the pandemic. One of her friends suggested she start driving for Lyft, which she did — a decision she now calls “a mistake.”

WEKU

New lawsuits say Lyft failed to protect its users from physical and sexual assault

The San Francisco-based ridesharing company is facing 17 new lawsuits brought by users of its service from around the country, who claim the company failed to protect passengers and drivers.

Benzinga

Benzinga Before The Bell: Top Amazon Seller Succumbs To Economic Meltdown, Twitter To Tackle Toxic Content, Spam Bots, Bed Bath & Beyond Secures Loan Deal As It Tries To Stay Afloat And Other Top Financial Stories Wednesday, August 24

CNBC Top Amazon Seller Succumbs To Economic Meltdown

Tribune News Service

Uber and Lyft drivers’ complaints are a startup opportunity

A number of upstart ride-hailing apps are taking on Uber and Lyft with the promise of treating drivers better.

Los Angeles Times

George Skelton: California had a nearly $100 billion surplus this year. We don't need to raise taxes with Prop. 30

SACRAMENTO, Calif. — If Proposition 30 passes in November, we should hang a sign at the border reading: "Welcome to California, the state with the nation's most outrageously high income tax."

Chicago Sun-Times

Ride-hail, delivery app drivers need better safety on the job

I enjoy my job and want to stay on the road, but I am in a tough spot. Dozens of workers have been victims of carjackings and assaults. App companies aren’t doing enough to keep drivers safe.

Benzinga

Watch Out Tesla And Waymo! Lyft Debuts Self-Driving Vehicle In Las Vegas

Ride-hailing service Lyft Inc. (NASDAQ: LYFT) has teamed up with Motional to bring self-driving taxis to cities around the nation, starting with Las Vegas.

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