Lyft’s Early 2024 Driver Release
Feb 6, 2024 · Lyft announces a major update for drivers, including a new pay standard that guarantees 70% or more of rider fares each week, after external fees. The release also features more transparency, earning opportunities, and deactivation appeals for drivers.
FTC Takes Action to Stop Lyft from Deceiving Drivers with …
Oct 25, 2024 · The FTC is taking action against rideshare operator Lyft for making deceptive earnings claims about how much money drivers could expect to make per hour and how much they could earn in special incentives.. Lyft has agreed to a proposed settlement that would require its claims about drivers’ pay to be based on typical earnings. In addition, Lyft has agreed to back up with evidence any claims ...
Lyft Announces Q2 2024 Results, Including First-Ever Quarter of …
Aug 7, 2024 · Lyft reports its first-ever quarter of GAAP profitability, driven by customer obsession and strong cash flow generation. The company also achieves all-time high active riders, rides, and driver...
Lyft forecasts strong quarterly earnings as ride-hailing demand …
May 8, 2024 · May 7 (Reuters) - Ride-hailing company Lyft (LYFT.O) projected higher-than-expected gross bookings and core profit for the current quarter on Tuesday, driven by robust demand for its services...
Lyft offers discounted rideshare, bikeshare, and scooters to the …
Oct 16, 2024 · Lyft’s voting report: To illustrate the role that rideshare plays during election season, Lyft today released exclusive data around where, when, and how people get to the polls — and how long they wait once they get there. Lyft is also sharing the stories of several drivers who will be bringing people to the polls on Election Day, including first-time voters, recent immigrants, and an 89 ...
Lyft Announces Fourth Quarter and Full-Year 2023 Results
Feb 13, 2024 · Operational Highlights. Rides of 191 million in Q4: Grew 26% year-over-year, our fourth consecutive quarter of accelerating growth driven by strong rideshare demand. For full-year 2023, Rides were 709 million, up 18% year-over-year. Active Riders of 22.4 million in Q4: Grew 10% year-over-year.
Lyft stock up 17% on cost cuts after wild ride on company's …
Feb 14, 2024 · Feb 13 (Reuters) - Lyft (LYFT.O) beat estimates for quarterly profit on Tuesday and said it would generate positive free cash flow for the first time in 2024, as it cut costs and became more...
Lyft swings to a profit on record rides, but its earnings outlook …
Aug 7, 2024 · Lyft Inc. turned its first GAAP profit in its latest quarter, while reporting a record number of rides and its largest quarterly haul of new drivers in years. The company’s outlook for the...
A ‘Clerical Error’ in Lyft Outlook Triggered 67% Jump
Feb 13, 2024 · A ‘Clerical Error’ in Lyft Outlook Triggered 67% Jump. Uber rival said it had highest annual ridership ever in 2023; Bookings in fourth quarter rose 17%, beating analyst estimates
Office of Public Affairs | Lyft to Pay Civil Penalty to Resolve ...
4 days ago · The Justice Department, together with the Federal Trade Commission (FTC), today announced that Lyft Inc. (Lyft) has agreed to resolve allegations that it made false and misleading statements about how much Lyft drivers would earn. The settlement includes an agreement to pay $2.1 million in civil penalties and a permanent injunction prohibiting such false and misleading earnings