Tag Archives: Lyft

Lyft Explores ‘Untapped’ Segment of Food Delivery Market

Ride-hailing second chair Lyft said it will soon be entering the food-delivery space. The San Francisco-based ride-sharing operator reported a nearly 50-percent drop in quarterly revenue, falling to $499.7 million. That’s still ahead of analyst expectations, but like Uber, Lyft is now looking to pivot into a growing part of the convenience economy. According to […]

Lyft Seeks Slice of Food Delivery

SAN FRANCISCO, CA – Food delivery continues to climb up as a preferred method for consumers seeking to spice up their daily routine. Lyft has taken note of this and is currently working on cutting a slice of the foodservice pie for itself. Zimmer stated that the company was looking to enter what it considered an untapped market […]

Lyft seeks slice of food-delivery amid a slow recovery in rides

Nov 10 (Reuters) – Lyft Inc said on Tuesday it was working on a new service to take a slice of the burgeoning food-delivery market as it works to make up for a 48% drop in quarterly revenue and a slow recovery of ride-hail demand. Unlike larger ride-hail rival Uber Technologies Inc , Lyft has […]

Lyft Is Going All-In On Delivery Business To Take On Uber Eats

Lyft Inc LYFT President John Zimmer said Tuesday the company is expanding its deliveries business after finding success with a pilot program during the COVID-19 pandemic. Zimmer, talking to investors on the company’s third-quarter earnings call, said Lyft has been “very pleased” with the essential deliveries pilot, which it had launched to provide drivers with incremental opportunities to earn […]

Grubhub makes food delivery deal with Lyft

Grubhub Inc. said it’s made a deal with Lyft Inc. to provide all of the ride-sharing company’s Pink members a free membership in Grubhub +. The Chicago company’s (NYSE: GRUB) + membership normally costs $9.99 a month and allows members free unlimited delivery from selected restaurants. Membership to San Francisco-based Lyft’s Pink costs $19.99 a […]

Uber and Lyft lose bid to delay worker reclassification order in California

Uber  and Lyft have lost their bid to delay a preliminary injunction that will force the two ride-hailing app companies to reclassify drivers as employees. A California superior court judge denied Thursday the companies request to delay the order from going into effect August 20. The decision sets the stage for a legal fight and will most […]

Lyft joins Uber in threatening to pull out of California over driver status

yft said it would shut down operations in California if forced to classify drivers as employees, the company’s executives said in an earnings call with investors on Wednesday. Lyft joins Uber in threatening to pull out of one of its most important US markets over the question of drivers’ employment status. At issue is the classification of […]

‘Ruthlessly woke’: How Uber can redeem itself—and demolish Lyft

The first time I met Travis Kalanick, the cofounder and then CEO of Uber, he explained his vision in three blunt sentences: “One day, no one will own a car. Cars will drive themselves. And they’ll come to you at the push of a button.” Like any venture capitalist, I hear endless pitches from starry-eyed […]

Lyft finally wades into delivery to help drivers earn cash during the pandemic

Lyft is launching a new delivery service aimed at helping drivers earn money during the novel coronavirus pandemic. As demand for ride-hailing collapses, Lyft’s new pilot program will tap drivers to deliver “essential” items like groceries, medical supplies, and home goods. For years, Lyft has lagged behind its rival, Uber, in delivery, but with the […]