Tag: Lyft Inc

Older People Need Rides. Why Aren’t They Using Uber and Lyft?

Martin Gerstell treasures his Thursday morning volunteer stint at the National Gallery of Art, where he fields questions at the main information desk. He patiently responds when visitors ask about the current exhibits, whether the paintings are real, where the bathrooms are. Usually, fellow volunteers give him a ride from his assisted living residence in […]

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WeWork Takes Key Step Toward I.P.O., Citing Heady Growth and Huge Losses

WeWork, a real estate firm that leases shared office space, on Wednesday officially set in motion the process of becoming a publicly traded company by filing a financial prospectus with regulators. The offering by the company, which is led by a brash Israeli entrepreneur and backed by money from Saudi Arabia, will be a major […]

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Uber Posts $5.2 Billion Loss and Slowest Ever Growth Rate

SAN FRANCISCO — Uber set two dubious quarterly records on Thursday as it reported its results: its largest-ever loss, exceeding $5 billion, and its slowest-ever revenue growth. The double whammy immediately renewed questions about the prospects for the company, the world’s biggest ride-hailing business. Uber has been dogged by concerns about sluggish sales and whether […]

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Uber Wants to Sell You Train Tickets. And Be Your Bus Service, Too.

DENVER — When Julia Ellis arrives at a train station in a Denver suburb to go to work, she opens her Uber app. Next to the ride-hailing options, she taps a train icon marked “Transit.” The click buys her a ticket for Denver’s public transit system, the Regional Transportation District. Ms. Ellis said she had […]

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6 Years Later, Citi Bike Comes to the Bronx. (What Took So Long?)

[What you need to know to start the day: Get New York Today in your inbox.] Citi Bike, New York City’s bike-share program, arrived six years ago and has become increasingly popular, helping make cycling an important piece of the transportation network. New Yorkers and tourists now take more than 70,000 Citi Bike rides per […]

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Debate Over Uber and Lyft Drivers’ Rights in California Has Split Labor

California’s labor movement recently seemed on the verge of a new era for worker rights. A state court ruled that workers in the gig economy should have many of the protections of employment, like a minimum wage and overtime pay. And the State Assembly passed a bill codifying that ruling and adding more protections. But […]

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How Uber Hopes to Profit From Public Transit

The ride-hailing corporation Uber reported its first-quarter earnings on Thursday, and billions in losses continue to mount. After the company’s disappointing I.P.O., and the similarly lukewarm debut of its nearest rival, Lyft, it’s increasingly clear both will have to expand their business models to something that might actually turn a profit. One of their strategies […]

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Ex-Lyft and Uber Driver in Virginia Was Responsible for Torture in Somalia in ’80s, Jury Finds

In the summer of 2017, dozens of Lyft passengers in Northern Virginia were sent a driver named Yusuf Abdi Ali. He had a high rating on the ride-hailing app, and had made at least 76 trips as a Lyft driver until last September, the company said. But Mr. Ali, who also drove for Uber, had […]

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