Uber, Lyft Losses Keep Competitors At BayA fare war between Uber and Lyft has led to billions of dollars in losses for both ride-hailing companies as they fight for passengers and drivers.
Uber Looks To Raise Up To $9B In Initial Public OfferingUber is on track for one of the largest IPOs in history. The company plans to sell 180 million shares for between $44 and $50 each.
Lyft's Shares Soar As Investors Bet On Ride-Hailing FutureLyft raised its target price from its initial range of $62 to $68 over the course of the last week as investors clamored to get in on the action, despite the company's history of losses.
Crimes Targeting Ride-Share Drivers In Chicago IncreaseWhen your job includes picking up total strangers and sharing a very small space with them, there's a general understanding of risk. That risk is increasing in Chicago now for ride-share drivers.
Lyft Passenger Killed By Gunfire In Back Of The Yards NeighborhoodA 27-year-old woman had just gotten into her Lyft around 11:30 p.m. when someone suddenly fired.
New York City Puts Cap On Uber, Other Ride-Sharing ServicesSix New York taxi drivers have committed suicide this year amid difficulty of earning a living.
Lyft, Uber To Allow Users To Pursue Sexual Assault Claims In Open CourtLyft is following in Uber’s footsteps. Both ride-sharing companies will allow riders, drivers, and passengers with claims of sexual assault to pursue their cases in open court.
Uber Pledges $5 Million To Sexual Assault PreventionFollowing its sexual harassment scandal, Uber is pledging $5 million toward sexual assault and domestic violence prevention.