Tag Archives: Lyft

Newsom signs landmark deal for Uber, Lyft driver unions  Politico Gig Drivers Win the Right to Unionize in California  The New York Times Governor Newsom signs landmark worker legislation, in stark contrast to Trump’s assault on workers and government shutdown  CA.gov Newsom signs bill giving 800,000 Uber and Lyft drivers in California the right to unionize  AP News Uber and Lyft drivers can unionize …

SACRAMENTO, Calif. (AP) — More than 800,000 drivers for ride-hailing companies in California will soon be able to join a union and bargain collectively for better wages and benefits under a measure signed Friday by Gov. Gavin Newsom. Supporters said the new law will open a path for the largest expansion of private sector collective bargaining rights in the state’s …

Waymo has struck a deal with ride-hailing company Lyft to launch a robotaxi service in Nashville in 2026. The company said Wednesday it will begin testing its fleet of all-electric and autonomous Jaguar I-Pace vehicles in the Nashville area in the coming months and will open up the service to the public next year. The partnership agreement announced Wednesday comes …

Google’s Waymo is expanding to Nashville next year, where it will be the first autonomous car service in the area, and it’s partnering with Lyft to do so. Shares of Lyft surged 9.3% shortly after markets opened. Competitor Uber, which has a similar partnership with Waymo in other cities, fell 3.4%. Over time, Waymo says it expects to operate “hundreds” …

SACRAMENTO — Gov. Gavin Newsom and California lawmakers on Friday announced a landmark deal with Uber and Lyft to allow hundreds of thousands of rideshare drivers to unionize and bargain collectively while still being classified as independent contractors. The compromise between labor unions and the Silicon Valley companies, backed by Newsom, Assembly Speaker Robert Rivas and Senate Pro Tem Mike McGuire, would …

Lyft Bets on Robotaxis to Drive Revenue Growth  The Wall Street Journal Lyft Stock Isn’t a Smooth Ride After Earnings, But This Low-Risk, High-Reward Trade Gives It Gas  Yahoo Finance Lyft shares struggle to keep up with Uber following mixed results. ‘Comparison is the thief of joy,’ analyst says.  MarketWatch Lyft’s revenue miss clouds upbeat bookings forecast on European expansion  CNBC Uber and Lyft …

Lyft breaks records, but soft revenue weighs on shares (LYFT:NASDAQ)  Seeking Alpha Lyft Shares Slide on Weak Sales, Disappointing Ride Totals  Bloomberg.com Lyft’s revenue miss clouds upbeat bookings forecast on European expansion  Yahoo Finance Lyft Stock Drops on Revenue Miss  Barron’s Lyft shares struggle to keep up with Uber following mixed results. ‘Comparison is the thief of joy,’ analyst says.  MarketWatch Source link

Lyft shares struggle to keep up with Uber following mixed results. ‘Comparison is the thief of joy,’ analyst says.  MarketWatch Lyft misses quarterly revenue estimates on competition, weak US travel demand  CNBC Lyft Shares Slide on Weak Sales, Disappointing Ride Totals  Bloomberg.com Lyft breaks records, but soft revenue weighs on shares (LYFT:NASDAQ)  Seeking Alpha Lyft Stock Drops on Revenue Miss  Barron’s Source link

Lyft missed second-quarter revenue estimates on Wednesday, weighed down by intensifying competition with Uber and weakening U.S. travel demand, sending its shares down about 9% in trading after the bell. Larger rival Uber Technologies, which offers ride-hailing, food and grocery delivery business globally, issued an upbeat forecast for the third-quarter earlier in the day, thanks to its efforts to boost …