August 30th, 2019Uber, Lyft and DoorDash threatened to spend $90 million on a California ballot measure if they can't reach a deal over the rights of their drivers and other so-called gig workers.
December 10th, 2018
Soon after cab aggregator Lyft applied for nearly 2019 initial public offering, Uber is on the same path and the company issecretly planning to file for an IPO, marking the beginning of a race for thetwo ride-hailing giants to the stock markets.
Most recently,Uber’s private market valuation was a whopping $72 billion value. Founded...
November 15th, 2018Soon after ride-hailing service Lyft launched its loyalty program, Uber has also come up with Uber Rewards in nine cities before rolling out to the whole U.S. in the next few months, with points for scooters and bikes coming soon.
Under this program, riders will earn points for all the money they spend on Uber and Uber Eats that score...
November 13th, 2018San Francisco based cab aggregator Lyft has planned to launch a new loyalty program for riders which will be known as Lyft Rewards. The particular program will start rolling out next month to select riders across the U.S.
It will let riders earn points for each dollar spent, which can then be used for upgrades to nicer cars or savings...
October 18th, 2018Ride hailing major Lyft has appointed former United Airlines Chief Commercial Officer Julia Haywood to serve as its VP of Strategy. The basic plan is for her to own Lyft’s market expansion efforts and accelerate growth.
“I’m excited to see Julia make a huge impact here at Lyft,” stated Jon McNeill, chief operating officer...
October 17th, 2018The global cab aggregator Uber has been growing at a great pace since its launch. The company is therefore, expected to be valued at valued at $120 billion when it finally goes public next year.
According to the Wall Street Journal, Goldman Sachs and Morgan Stanley delivered the valuation proposals to Uber last month. Currently,...
December 8th, 2017Beijing, China's ride hailing giant Didi Chuxing is planning to expand its services to expand to Mexico by next year, marking the company's first international expansion move. This also signals a new phase of competition with global ride sharing company Uber, which quit its Chinese business by selling it to Didi in 2016 after lengthy and...
November 24th, 2017Uber's hard core rival Lyft is seeking an additional cherry on top funding of $500 million, over and above $1 billion it raised in a round led by Alphabet's venture arm CapitalG last month.
This has raised the bar of its valuation to $11.5 billion in comparison to previous $7.5 billion. The funding is not yet been closed and this $500...
November 11th, 2017Lyft is expected to take over a significant amount of U.S. market, and has gained much on its rival Uber Technologies Inc, according to a private Lyft investor report obtained by Bloomberg.
The investor is depicting in the report that by the end of the year, Lyft's shares will see a boost in its U.S. ride-hailing business by about 61...
