For many immigrants facing language barriers and limited work opportunities, ride sharing platforms like Uber and Lyft offer a precious chance to earn a living. Are you considering a side hustle with flexible hours but worried about the future of ride sharing? Uber, a transportation giant since 2009, might still be the answer. In addition … Read more
Lyft and Uber said they will cease operations in Minneapolis after the city’s council voted Thursday to override a mayoral veto and require that ride-hailing services increase driver wages to the equivalent of the local minimum wage of $15.57 an hour. Lyft called the ordinance “deeply flawed,” saying in a statement that it supports a … Read more
A typo in Lyft’s earnings report overstated a key profit metric by a factor of 10 — sparking a 67% spike in its stock late Tuesday before management corrected the error and sent the shares tumbling. Late Tuesday after the close of regular trading, the ride-hailing app told investors in an investor slideshow that its … Read more
