Posts filtered by tags: Lyft[x]


Uber and Lyft Drivers Strike Alongside Fast Food Workers in LA, Demand $30 Minimum Wage

Around 100 rideshare drivers protested their working conditions this afternoon in Los Angeles, engaging in a “take over” of an Uber Hub, before joining up with a contingent of fast food workers from McDonald’s who were striking for the right to unionize. Read more...
Tags: Labor, Rideshare, Uber, Lyft, Fight For 15, Mcdonalds, Unions, Seiu, Los Angeles

Are Uber and Lyft Drivers Gaming Surge Pricing to Protest Getting Screwed Over on Pay?

Despite policies that prohibit the manipulation of rideshare apps, drivers for Uber and Lyft are reportedly working together to coordinate price surges at Reagan National Airport to earn a higher fare.Read more...
Tags: Lyft, Uber, Science, Ridesharing, Reagan National Airport

The Legal Argument That Could Destroy Uber

Days after Uber began selling stock, the National Labor Relations Board’s top lawyer gave the company a huge gift. In an advice memo, the general counsel’s office determined that Uber’s drivers are independent contractors, not employees. If drivers are legally determined to be employees, it would throw Uber’s entire…Read more...
Tags: Lyft, Uber, Science, Independent Contractors, Gig Economy, Price Fixing, Complicated Legal Arguments

Report: Accused Somali War Criminal Living in the U.S. Drove for Uber and Lyft

Former Somali military commander and accused war criminal Yusuf Abdi Ali has been facing a over allegations of “gross human rights abuses” in the separatist region of Somaliland in the 1970s and 1980s, during the reign of U.S.-backed dictator Siad Barre. He was also a driver for Uber and Lyft…Read more...
Tags: Lyft, Uber, Apps, Science, Technology, Crime, War Crimes, Courts, Somalia, Ridesharing, Checkr, Background Checks, Somaliland, Siad Barre, Yusuf Abdi Ali, U S Drove for Uber

Report: Accused Somali War Criminal Living in the US Drove for Uber and Lyft

Former Somali military commander and accused war criminal Yusuf Abdi Ali has been facing a over allegations of “gross human rights abuses” in the separatist region of Somaliland in the 1970s and 1980s, during the reign of U.S.-backed dictator Siad Barre. He was also a driver for Uber and Lyft…Read more...
Tags: Lyft, Uber, Apps, Science, Technology, Crime, War Crimes, Courts, Somalia, Ridesharing, Checkr, Background Checks, Somaliland, Siad Barre, Yusuf Abdi Ali, US Drove for Uber

Here's What You Need to Do to Take an Uber or Lyft at PDX Now

Figuring out the best mode of transportation for leaving an airport can be tricky, especially if your preferred method is using a rideshare app. Confusion starts when you try to pin yourself to the correct location, and continues as you wait to be connected to a car, then try to actually spot it, and finally navigate…Read more...
Tags: Travel, Lyft, Uber, Science, Airports, Ridesharing, This Is Better

Ancient Psychedelics, Robocall Scams, and Space Bezos: Best Gizmodo Stories of the Week

This was one heck of a week in the tech and science world. Ridesharing giant Uber finally launched its long-awaited IPO, which was a major flop, Facebook co-founder Chris Hughes asked the Federal Trade Commission to break up the company, Amazon CEO Jeff Bezos tried his damnedest to convince humanity to colonize the…Read more...
Tags: Health, Amazon, Gaming, Facebook, Lyft, Uber, Wearables, Eyes, Space, UK, Science, Technology, Fitness, Video Games, Climate Change, Drugs

All Eyes on Uber's Second Day of Trading After Debut Flop

Among the factors that buffeted the biggest IPO of the year: a broad stock market selloff in the morning and a weak earnings report posted by Uber’s primary rival, Lyft Inc. “While the trade war has caused overall stock market volatility, we believe that the poor trading in Lyft was the major factor impacting Uber,” said Kathleen Smith, co-founder of Renaissance Capital and manager of the IPO exchange-traded fund. In the first hour of the ride-sharing company’s IPO, retail investors at TD Amer...
Tags: Lyft, Uber, Science, Ipo, Renaissance Capital, Lyft Inc, Kathleen Smith, Ameritrade

Congratulations to Uber, the Worst Performing IPO in U.S. Stock Market History

Rideshare unicorn Uber doesn’t do anything small. When it was in the game of raising money, it raised close to $25 billion. When it loses that money—and it does every single quarter—it loses it at astronomical burn rates. It finally debuted on the New York Stock Exchange today, in the middle of international trade…Read more...
Tags: Lyft, Uber, Science, Finance, Stock Market, Ridesharing, How Money Works

Lyft's Hedge Fund Bulls Hold the Keys to Massive Short Selling

The risky transactions, known as rehypothecation, can last for as long as certain hedge funds remain bullish, according to an analyst who specializes in short interest. Short interest in the No. 2 ride-hailing company has risen to 27 million shares, according to financial analytics firm S3 Partners, while Lyft’s public float is about 33 million shares in total. “Rehypothecation is higher because there is a strong demand to short Lyft shares,” Dusaniwsky said in an interview.
Tags: Lyft, Science, S3 Partners, Dusaniwsky

How Corporate Delusions of Automation Fuel the Cruelty of Uber and Lyft

As drivers around the world went on just days before Uber’s IPO, they shared harrowing stories of being overworked and underpaid, subjected to a frustratingly opaque payment system, and even sleeping in their cars in order to save enough money to get by. Research backs up the anecdotes they relayed to the…Read more...
Tags: Lyft, Uber, Science, Labor, Research, Automaton

Lyft Shares Dip, Putting It Below Last Private Market Valuation

While some other high-profile technology companies like Facebook Inc. struggled in early days of trading only to rebound later, Lyft’s plight is a troubling sign in the early days of what’s set to be a banner year for public listings that will include Uber Technologies Inc., Pinterest Inc., Zoom Communications Inc., Slack Technologies Inc. and others. Lyft raised $600 million in a funding round led by Fidelity Investments last summer, valuing the company at $15.1 billion.
Tags: Lyft, Science, Facebook Inc, Fidelity Investments

Outside Uber HQ, Drivers Demand a Cut of the Riches

SAN FRANCISCO, Calif. – Just days ahead of Silicon Valley’s most hyped mega-IPO, a group of a several hundred Uber drivers gathered in front of the company’s San Francisco headquarters and took over the street in a protest demanding fair pay, benefits, and greater transparency from the rideshare giant.Read more...
Tags: Lyft, Uber, Science, Labor, San Francisco, Silicon Valley, Rideshare, San Francisco Calif, Gig Workers Rising, Ipo Earthquake

New York's Rideshare Organizers Clash Amid Unprecedented Uber Strike

Long Island City—Just days before Uber’s expected debut on the stock market at a conservative but still-astronomical $80 to $90 billion valuation, the anger among rideshare drivers boiled over into an international day of action.
Tags: Lyft, Uber, New York, Science, Strike, Rideshare, Long Island City, Uberlyftstrike

Bhairavi Desai On Why the Uber and Lyft Strikes are the Future of Labor

On Wednesday, drivers for Uber, Lyft, and lesser-known services like Via and Juno will sign out of their apps and stop picking up passengers as part of a global strike against these companies’ abysmal treatment of drivers. The duration of these strikes will vary from city to city, and workers in Los Angeles,…Read more...
Tags: Lyft, Uber, Science, Labor, Los Angeles, Workers, Strikes, Gig Economy, Uber Lyft, Bhairavi Desai, New York Taxi Workers Alliance

Ride-sharing companies make traffic worse instead of better in San Francisco

Popular ride-sharing companies such as Uber and Lyft were the biggest contributors to increased traffic congestion in San Francisco from 2010 to 2016, according to a new study of traffic patterns in the city. The findings, which contradict claims that these services alleviate road congestion, could be of interest to transportation planners and policy makers grappling with how to regulate ride-sharing services.
Tags: Lyft, Science, San Francisco

Lyft Synks

Look at them up there in the pic—Lyft CEO Logan Green, President John Zimmer, and a whole bunch of other employees that Getty wasn’t interested in naming—on the day their company officially debuted on the Nasdaq, with an oversubscribed IPO and a share price well above initial estimates. That was a week ago! And in…Read more...
Tags: Lyft, Uber, Science, Money, Ipo, Getty, John Zimmer, Eating Shit For All To See

Lyft Results to Be Scoured for Market Share Clues

Coming just over a month after Lyft’s IPO, which attracted criticism for potentially over-hyping the company’s prospects, these initial results will be parsed closely by investors looking for clues into how the ride-sharing service plans to tackle its biggest challenges, including becoming profitable, staying on an aggressive growth path and competing with the larger Uber. “I think investors are probably willing to give Lyft a bit of a pass on profitability and showing meaningful progress on m...
Tags: Lyft, Science, Davidson Co, Thomas White

Why Uber Drivers Will Strike Around the World on Wednesday

We’re just days out from Uber making its multibillion-dollar move to the New York Stock Exchange and thousands of drivers from around the world are preparing to launch a series of strikes protests on Wednesday in an effort to fight for better pay and better treatment.Read more...
Tags: Lyft, Uber, Science, Labor, Strike, New York Stock Exchange, Ridesharing, Gig Economy

Lyft Says It’s ‘Not in the Transportation Business,’ So Disability Law Doesn't Apply

We’re in the season of multi-billion-dollar rideshare IPOs where the spotlight is on global and unprofitable transportation companies like Lyft and Uber as they try to get into the black. Let’s check in with how the process is unfolding.Read more...
Tags: Lyft, Uber, Science, Yeah Okay

UK Drivers to Stage Massive Strike Coinciding With Uber's IPO

Rideshare drivers across the Atlantic have plans to sign off the Uber app and spend their time protesting in four major metro areas. The message, coordinated around Uber’s plans to go public, is a clear rebuke of the company’s IPO plan, which will make many employees wealthy overnight, but leave drivers in the same…Read more...
Tags: Lyft, Uber, UK, Science, Labor, Ipo, Atlantic, IWGB, Ridershare, Ridershare Drivers United

Lyft Fails to Overturn NYC Driver Minimum Wage Law

Lyft’s lawsuit to overturn New York City’s minimum wage for ride-hailing drivers failed after a ruling by Judge Andrea Masley on Wednesday.Read more...
Tags: Lyft, Uber, Science, New York City, Ridesharing, Andrea Masley

CDC to E-Scooter Riders: Please, for the Love of God, Do the Absolute Bare Minimum Safety Thing

Amidst a rise in reports that emergency rooms are seeing a spike in visits from people who have seriously messed themselves up while riding electric scooters, the Centers for Disease Control and Prevention decided to assess the threat of the increasingly popular vehicles, which are only going to become more prevalent…Read more...
Tags: Lyft, Uber, Science, Cdc, Bird, Centers For Disease Control And Prevention, Lime, E Scooters

Uber and Lyft Cut Off Hiring of New Drivers in NYC as New Regulations Appear to Work

Lyft and Uber are halting onboarding for new drivers in New York City following last year’s historic vote that lifted the wage minimum for drivers ride-hailing companies late last year, Politico reported Monday.Read more...
Tags: Lyft, Uber, Science, Politico, New York City, Minimum Wage, Ridesharing, Independent Contractors

Just In Time For Its Big IPO, Uber Loses $1 Billion

Step right up, join the fun, the headline IPO of 2019 is about to take center stage.Read more...
Tags: Lyft, Uber, Science, Saudi Arabia, Ipo

San Francisco Has a Plan to Hit Its New IPO Millionaires Where It Counts

San Francisco is ground zero for an unprecedented year of giant tech public offerings: Uber is the $100 billion main event while Lyft, Palantir, Pinterest, Airbnb, Slack, Postmates, Instacart and more promise billions of their own. And all of them could soon find themselves getting some unwanted attention from…Read more...
Tags: Lyft, Uber, Science, San Francisco, IPOs, Gordon Mar, Lyft Palantir Pinterest Airbnb

Uber Drivers Plan Strike to Kick Off 2019’s Most-Hyped IPO

It’s a company used to the spotlight, but the biggest day in Uber’s history is still ahead: The richest and most highly anticipated IPO of the year is just around the corner. Read more...
Tags: Lyft, Uber, Science, Labor

Lyft Seen Continuing to Struggle as Analyst Quiet Period Ends

Lyft’s share price has dropped nearly 19 percent since debuting late last month, prompting some investors to sue the company, alleging the ride-sharing service provider overstated its market position when it went public. Questions about growth and market share have also swirled thanks to multiple Wall Street analysts covering the stock, a trend that may continue when a host of firms initiate research coverage starting Tuesday. April 23 will mark the end of a 25-day quiet period for banks that ...
Tags: Lyft, Science

Lyft's Messy IPO Gets More Complicated Thanks to Two Investor Class-Action Lawsuits

Lyft’s initial public offering headache just got worse.
Tags: Lyft, Science, Ipo, Lawsuits, Electric Bike

A Tech Company That Actually Makes Money Just IPO'd

Zoom is a conference platform business people use to do business. It’s just like Skype, or Lifesize, or Google Hangouts, UberConference, or Bluejeans, but different! Read more...
Tags: Lyft, Science, Ipo, Economics, Skype, Zoom

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