The Latest Breaking News from Lyft

RBC Capital analyst Brad Erickson slashed the price target on Uber Technologies Inc (NYSE:UBER) to $50 from $65 (57% upside) but kept an Outperform.  Erickson cut the price target on Lyft Inc (NASDAQ:LYFT) to $50 from $53 (37% upside) and kept an Outperform.  Erickson cited the findings from RBC's proprietary driver supply analysis that gave a relative…

Within the last quarter, Lyft (NASDAQ:LYFT) has observed the following analyst ratings:

Despite the hype, shares of both ride-sharing companies have proved disappointing.

Uber, Lyft and Instacart have all added a fuel surcharge to orders on their platforms this week.

DoorDash introduces a gas price relief program for its Dashers.

Ride-share companies are adding fuel surcharges to make up for the cost of gas.

Lyft will add a fuel surcharge of 55 cents to each ride given by its drivers to help offset surging gasoline prices

Alto features full-time employees and will transition to an all-electric fleet.

The study by the Illinois Economic Policy Institute and researchers at the University of Illinois Urbana-Champaign said the average rideshare driver in Chicago could earn substantially more money if classified as an employee.

Drivers already hit by low wages and poor working conditions are spending more time driving to keep their wages the same

CHICAGO — A Chicago alderman has proposed an ordinance that would establish the minimum pay of ride-share drivers in the city, drawing concern from companies like Uber and Lyft that say such regulations would hit riders’ wallets the hardest.