Lyft to pick up new CEO amid deepening post-pandemic losses
Lyft co-founders Logan Green and John Zimmer are relinquishing their leadership roles to make way for a former Amazon executive as the ride-hailing service struggles to recover from the pandemic while long-time rival Uber has been regaining its momentum.
Uber, Lyft team up on database to expose abusive drivers
Uber and Lyft have teamed up to create a database of drivers ousted from their ride-hailing services for complaints about sexual assault and other crimes that have raised passenger-safety concerns for years. The clearinghouse unveiled Thursday, March 11, will initially list drivers expelled by the ride-hailing rivals in the U.S. Michael Wolfe, a Uber driver who also leads a Washington state group representing about 2,000 other drivers, praised both ride-hailing services for trying to weed out the abuses in the industry. AdIt could also help appease U.S. lawmakers, who have criticized Uber and Lyft in the past for inadequate safety protections for their riders. After Uber rebuffed the request to protect the victims' privacy, the agency slapped the company with a $59 million fine.
California court rejects lawsuit challenging ride-share vote
FILE - In this Jan. 12, 2016, file photo, a ride-share car displays Lyft and Uber stickers on its front windshield in downtown Los Angeles. The California Supreme Court has rejected a challenge to the ballot measure that kept app-based ride-hailing and delivery drivers independent contractors instead of employees eligible for benefits and job protections. The court on Wednesday, Feb. 3, 2021, declined to hear the case brought by drivers and unions who had opposed the measure. (AP Photo/Richard Vogel, File)LOS ANGELES – The California Supreme Court rejected a lawsuit Wednesday that sought to overturn a ballot measure that makes app-based ride-hailing and delivery drivers independent contractors instead of employees eligible for benefits and job protections. “We’re thankful, but not surprised, that the California Supreme Court has rejected this meritless lawsuit,” said Jim Pyatt, a Modesto retiree who drives for Uber, in a statement from a group that supports Proposition 22.
Some Uber, Lyft drivers sue over California ballot measure
The measure, which was passed in November with 58% support, was the most expensive in state history with Uber, Lyft and other services pouring $200 million in support of it. “Generally speaking, courts in California don't like to overturn the will of the people,” Moylan said. There are instances where the California courts have come in and said ... it's nice that this is what the people wanted to do, but our constitution doesn't permit the people to do this." The law expanded a California Supreme Court ruling that limited businesses from classifying certain workers as independent contractors. Another claim in the lawsuit alleges the measure violates a rule limiting ballot measures to a single subject.
Michigan State Police urge people to not drink and drive New Year’s Eve
“We’ve arrested over 70 impaired drivers this month alone,” said Michigan State Police Lt. Michael Shaw. “We know people are still going out, even if there’s nowhere to go.”Shaw said that number will likely increase on New Year’s Eve. You can drink as much as you want, you can smoke as much as you want. The campaign was started in 1997 after Sandra Latham, a Detroit grandmother, was killed by celebratory gunfire sitting in her dinning room. For the 23rd year, Hood is asking residents to put away their guns and find a safer way to bring in the new year.
Asian shares slip on faltering hopes for COVID vaccines
Stocks fell back across Asia on Thursday after gains for big technology shares pushed most Wall Street benchmarks higher. Tokyo's Nikkei 225 index gained 0.4% to 25,459.13 despite a report that machinery orders fell in September, suggesting weakness in corporate investment. Hong Kong's Hang Seng index fell 0.1% to 26,206.78 and the Shanghai Composite index declined 0.3% to 3,332.24. Markets have been riding a wave of relief over hopes for a potential vaccine to beat back the pandemic. Strategists along Wall Street are raising their forecasts for stock prices on expectations that political control of Washington will remain split between the parties.
Ride-hailing, delivery giants win fight against labor law
Uber, Lyft, Doordash, Instacart and others sought to get out of those requirements, and after failing in court, succeeded in convincing voters to give them an exemption from most of the year-old law’s provisions. A record $200 million spending spree by the companies and their supporters helped them win the vote. The investment yielded a huge return for Uber and Lyft, whose combined market value climbed by $8 billion on Wednesday. Uber, Lyft and, DoorDash, Instacart and their supporters accounted for roughly $200 million that amount, underscoring how badly the companies wanted to preserve their business model. “It’s not really fair that Uber, Lyft etc.
California court says Uber, Lyft drivers are employees
SAN FRANCISCO – A California appeals court on Thursday upheld an order requiring Uber and Lyft to treat their California drivers as employees instead of independent contractors, less than two weeks before voters will be asked to exempt the ride-hailing giants from the state's gig economy law. Uber and Lyft — who along with DoorDash have heavily bankrolled the ballot measure — had appealed an August preliminary injunction by a San Francisco judge. Uber and Lyft issued statements noting that the ruling doesn't take immediate affect and urging voters to approve Prop. Treating Uber and Lyft drivers as employees instead of independent contractors would guarantee benefits such as overtime, sick leave and expense reimbursement for workers who make up much of the freewheeling gig economy. Lawyers for Uber and Lyft say drivers are not fundamental to the business, arguing the companies are “multi-sided platforms” whose activities encompass much more than transportation.
Uber, Lyft look to kill California law on app-based drivers
Voters are being asked to decide via Proposition 22 whether to create an exemption to a new state law aimed at providing wage and benefit protections to Uber, Lyft and other app-based drivers. (AP Photo/Rich Pedroncelli, File)LOS ANGELES – Californians are being asked to decide if Uber, Lyft and other app-based drivers should remain independent contractors or be eligible for the benefits that come with being company employees. Voters are weighing whether to create an exemption to a new state law aimed at providing wage and benefit protections to drivers. The landmark labor law known known as AB5 threatens to upend the app-based business model, which offers great flexibility to drivers who can work whenever they choose. Uber and Lyft have maintained that their drivers meet the criteria to be independent contractors, not employees.
Police: Woman jumps out of moving Lyft on I-96 in Detroit
DETROIT – A woman jumped out of a moving vehicle Saturday morning on I-96, police said. Police said the woman was picked up by a Lyft driver in Livonia. The driver was taking her to Porter Street in Detroit. The driver told police he was on eastbound I-96 near Joy Road in Detroit about 11 a.m. when the woman opened the passenger door and jumped out. The woman suffered non-life-threatening injuries.
While losses mount, Uber CEO expects profitability in 2021
FILE - In this May 10, 2019, file photo the statue of Fearless Girl stands in front of the New York Stock Exchange before Uber holds its initial public offering. (AP Photo/Mark Lennihan, File)NEW YORK, NY The losses at Uber are mounting, but the ride-hailing heavyweight now predicts it will be profitable in about two years. CEO Dara Khosrowshahi told reporters Monday that the company's goal is to reach profitability when adjusted for interest, taxes, depreciation and amortization for the full year of 2021. In response, Uber and Lyft proposed a ballot initiative aiming to exempt their companies from the new law. Some analysts are concerned that a deluge of Uber stock will flood the market later this week when a lockup period expires, allowing major shareholders, including company executives and investors, to sell their shares.
Lyft loses money again but eyes profits in about 2 years
But San Francisco company lost $463.5 million in the quarter compared with a $249.2 million loss a year ago. "More people are paying full price for rides," Roberts said in an interview with The Associated Press. "We are very focused on profitable growth, not growth at all costs," Roberts said. Lyft's quarterly losses included $86.6 million in insurance costs to cover potential liability for past claims. To reduce the frequency of car accidents and related insurance costs, Lyft is increasing its investment in systems for monitoring risky driving behavior such as speeding and hard breaking, Roberts said.
Woman Accidentally Leaves Her Baby in a Lyft
A New Jersey woman accidentally left her baby in a Lyft. The woman, who was not identified, took the rideshare car on Wednesday night and accidentally got out of it without grabbing her child, according to city officials. Police were able to contact the Lyft driver who then pulled over and was met by police. The baby, whose age was not given, was apparently sleeping in the backseat so the driver didnt notice the baby was in the car. RELATED STORIESHow a Woman Exposed the Black-Market Baby Ring She Was Adopted Through: 'Keep Digging''Fighting Finn' Baby Born at Only 1 Pound Is Finally Home From HospitalBoy, 4, Has Adorable Photo Shoot With His Favorite Baby Doll
Driver's ed for robotaxis: A grueling exam looms for self-driving cars
But they still face an existential question: When is a self-driving car truly ready to drive on its own? Most Americans already aren't comfortable with the idea of riding in a self-driving car. No simulation, no self-driving carsCruise, GM's self-driving team, runs 200,000 hours of simulated tests every day. The Silicon Valley startup wanted its self-driving cars to better handle yellow left-turn signals, a rarity during on-road testing. The simulated cars weren't slowing for the pedestrian as much as its real-world cars.
Lyft tries to reassure riders with new safety measures
Justin Sullivan/Getty Images(CNN) - As it faces fresh concerns over sexual assaults by its drivers, Lyft issued an update on its safety features. The update comes at a time when the company tries to assure the public over its safety measures. Last week, 14 women sued it over the alleged mishandling of their sexual assault, sexual misconduct and rape complaints against drivers ordered through its app. Ongoing issuesLast week's lawsuit once again put the spotlight on the issue of sexual assault and abuse by ridehail drivers. She has become an advocate on the issue after experiencing harassment by several Lyft drivers.
14 women sue Lyft for allegedly mishandling assault, rape reports
Kelly Sullivan/Getty Images for Lyft(CNN) - Fourteen women are suing Lyft over allegedly mishandling their sexual assault, sexual misconduct and rape complaints against drivers that occurred while using its service, bringing renewed attention to the issue of safety in the ride-hail industry. Many of the women say they were not informed whether the accused drivers would continue to work for Lyft. In one case detailed in the suit, a driver continued to work for the company after the female passenger reported a sexual assault to Lyft and to the police. "Sexual assault is a horrible crime that has no place anywhere," an Uber spokesperson said at the time. "We believe Lyft knows how many assaults occur within their cars and that is why they don't want Lyft rides recorded."
Woman Accused of Abducting Missing Toddler Claims Child's Father Wanted to Sell Her
A rideshare driver accused of abducting a Pennsylvania toddler said the child's father wanted to sell the girl for thousands of dollars, authorities said. The search is on for 2-year-old Nalani Johnson, who was last seen in Sharena Nancys vehicle at the intersection of Bryant and Clay Drives in Penn Hills Saturday. Nancy said she then drove around, smoked cigarettes and talked on the phone with her husband, the complaint reportedly said. Nancys husband, MD Raihan Uddin, told KDKA his wife didnt take the child and claimed Johnson isnt telling the complete truth. Uber and Lyft reportedly told the station no one with Nancys name used their platforms over the weekend.
Police: Driver in missing toddler case says child sold for $10,000
Johnson told detectives he tried calling the driver's cellphone multiple times but she never picked up, so he called 911 around 5 p.m. Police arrested driver Sharena Nancy, 25, in the vehicle during a traffic stop around 7:30 p.m. According to the complaint, Nancy told detectives that Johnson sold the child to an individual for $10,000 and asked her to complete the dropoff. Nancy said she was told the woman would then "flag" her down and Nancy was to turn over the toddler, the complaint says. Nancy told police she also saw a second woman inside the SUV.
WeWork files for IPO after losing $1.9 billion last year
WeWork's parent company, The We Company, publicly filed paperwork on Wednesday to raise $1 billion in an initial public offering. The company is moving forward with its plans to go public despite losing a staggering $1.9 billion last year, according to its IPO prospectus, an unprecedented amount for a company about to go public. By comparison, Uber said it lost $1.8 billion in 2018 and Lyft lost $911 million. In the first half of 2019, the company lost $904 million, a roughly 25% increase from the same period in the prior year. In its filing, WeWork addresses how certain factors, such as declines in market rents, inability to negotiate satisfactory leases, or membership retention, could impact its business.
Uber burned through $5.2 billion last quarter
CNN imageSAN FRANCISCO, Calif. - Even by Uber's standards, the company burned through a staggering amount of money in its most recent quarter. Uber said Thursday that it lost $5.2 billion in the three months ending in June, its largest quarterly loss ever, fueled mostly by $3.9 billion in stock-based compensation expenses related to its public offering during the quarter. Without those charges, however, the company still lost about $1.3 billion during the quarter, a roughly 50% spike from the year prior. Khosrowshahi stressed that Uber's ride-hailing service, along with its meal delivery service, each have the potential to "be a spectacular business long-term." But even as it invests aggressively, Uber's revenue growth continues to slow.
NYC wants to cut back on Uber, Lyft cruising without passengers
The idea is to cut down on under-use of drivers as well as to ease traffic. Regulatory changes in New York City could provide a model for other cities eager to rein in ridehailing firms that have increased congestion even as they've revolutionized transportation. Earlier this week, City Lab reported on a new Uber and Lyft joint analysis into how their vehicles are contributing to what's referred to as "vehicle-miles-traveled." While New York City was not included in the analysis, it's safe to say some cities may look to New York City for leadership on how to regulate their own streets. Uber asked that the city remove the limit so it can continue adding new vehicles to the road to support demand.
Lyft driver shot and killed on his 52nd wedding anniversary
Kelly Sullivan/Getty Images for Lyft(CNN) - A 71-year-old man working for the rideshare service Lyft was fatally shot, police say, while driving in Phoenix on Sunday -- his 52nd wedding anniversary. Investigators believe that the gunshot came from outside Harold Treadwell's car at 12:32 a.m., Phoenix Police spokeswoman Sgt. There were no passengers in the car at the time, according to Lyft and Phoenix Police. "Today is our 52nd Wedding Anniversary and we spoke right before he was killed and wished each other a happy anniversary (thank you God for allowing me to have that last conversation with him so I could tell him that I loved him!)" "I feel like I am living a horrible, horrible nightmare and that any moment I will wake up!"
Was Missing College Student Working as a 'Sugar Baby'?
The search for a missing Utah college student continues as police searched the home of someone who may be connected to her sudden disappearance. Since her disappearance, its been reported that the University of Utah student was dating multiple people through online dating sites and apps, The Daily Mail reported. Lueck was a self-proclaimed sugar baby, according to Facebook comments published by the paper. If [they] don't know what a SD/SB is, tell them bluntly sugar daddy and sugar baby. I have some experience on seeking arrangements, online only, tinder, and currently have two lol, she wrote three months ago in the group.