A recent accident involving a Tesla operating on Full Self-Driving (FSD) software while carrying an Uber passenger has spotlighted a growing trend that exists in a regulatory grey area: ride-hailing drivers using Tesla's autonomous technology as makeshift robotaxis.

Safety concerns mount as ride-hail drivers deploy Tesla's self-driving tech

Lyft's shares took a significant hit on Wednesday, plummeting 16% after the company's soft forecast for the crucial summer quarter sparked concerns that it may be losing ground to its rival Uber in the North American ride-hailing market.

Lyft's soft forecast raises alarm bells as Uber gains ground

On Thursday, the California Supreme Court delivered a landmark ruling that allows app-based ride-hailing and delivery services such as Uber and Lyft to continue classifying their drivers as independent contractors rather than employees.

Uber, Lyft, DoorDash can continue to classify drivers as contractors in California

California's court upheld a measure allowing Uber and Lyft to consider drivers in the most populous US state as independent contractors rather than employees entitled to more benefits.

Gig economy in focus: California rules in favour of Uber, Lyft classifying drivers as 'contractors'

Lyft is setting ambitious targets for the next few years. At its inaugural investor day event, the ride-hailing company announced a goal to achieve a 15% annual increase in gross bookings through 2027.

Lyft aims for 15 per cent annual growth and advertising expansion by 2027

Uber surprised its investors with a quarterly loss and a projection that gross bookings fell short of analysts’ expectation that caused its shares to plunge by 9% and also suggesting that the ride-hailing and food delivery giant might be losing more than USD 10 billion in market value.

Uber shares take a dip hurting second quarter forecast

Ride-hailing company Lyft estimated higher-than-expected gross bookings and core profit for the current quarter on Tuesday, driven by robust demand for its services and benefits from new user and driver features.

Lyft estimates positive earnings as ride-hailing demand rises

Thousands of drivers for leading ride-sharing and food delivery platforms are gearing up for a nationwide strike on Valentine's Day to demand fair pay, according to drivers' groups.

Valentine's Day Strike: Uber, Lyft, DoorDash drivers demand fair pay nationwide

Uber and Lyft have agreed to pay a total of USD 328 million in order to settle New York attorney general's claims that the digital cab-hailing platforms systematically cheated drivers and kept them away from receiving pay and benefits that they ought to have got.

Uber, Lyft to pay total of USD 328 million to drivers for this reason

Price cuts have taken a toll on Lyft's profit margins, leading to a less-than-stellar second-quarter forecast. Elaine Paul has stepped down as CFO. Now, all eyes will be on Erin Brewer, who brings a wealth of experience to the Lyft team.

Lyft's CFO Elaine Paul to step down | World Business Watch

Ride-hailing company Lyft Inc on Tuesday appointed Erin Brewer as its new Chief Financial Officer (CFO). She will replace Elaine Paul, who has served as Lyft's CFO since January 2022.

Lyft appoints Erin Brewer as CFO as ride-hailing company hits reset button

US taxi service Lyft will see more job cuts as part of a cost cutting measure. A Wall Street Journal report said that over 4,000 employees, or 30% of Lyft's workforce, are likely to lose their jobs.

Lyft opts for a second round of layoffs

In the first major move under its new CEO David Risher, US ride-hailing giant Lyft is all set for a significant job cut. While the company has not disclosed the exact number of affected employees, a Wall Street Journal report indicates that the cuts could impact around 30 percent of Lyft's workforce, equivalent to more than 4,000 employees.

US taxi service Lyft set to cut jobs in new CEO’s first major move

Ride-hailing company Lyft is getting a new CEO as it reels under financial crisis. The company’s co-founders Logan Green and John Zimmer will step down from their respective roles of CEO and President by April end.

Who is David Risher—the new CEO of Lyft?  Will he be able to beat Uber at its own game?

A Californian appeals court has ruled that "gig" economy firms like Uber and Lyft can continue to treat their state-based drivers as independent contractors. This verdict comes in a case regarding a labour measure known as Proposition 22.

California appeal court allows for Uber, Lyft worker to be classified as individual contractors

The Biden administration has proposed to bring in a new law to classify thousands of independent workers as regular employees—a move that could shake up the ride-hailing and delivery companies, and other app-based industries who primarily rely on gig workers.

Biden govt brings in law to classify gig workers as regular employees

From Tesla to Peloton, companies slow hiring as US economy sputters

The Washington state Senate on Friday passed a bill granting gig drivers certain benefits and protections while preventing them from being classified as employees — a long-standing priority of ride-hailing companies such as Uber and Lyft.

Washington State advances landmark deal on gig drivers’ job status

More than 1,800 sexual assaults occurred during Lyft rides in 2019, the company said Thursday in its first-ever safety report on sexual and physical assaults, fatal crashes and other serious incidents.

Lyft says 1,807 sexual assaults occurred in rides in 2019

A judge in California has declared unconstitutional a referendum moved by the California voters which exempted ride-hailing platforms like Uber, Lyft from adhering to a state law requiring drivers to be classified as employees to enjoy job protection benefits.

Setback for Uber, Lyft as California judge declares gig worker initiative unconstitutional

After California passed a law in 2019 that effectively gave gig workers the legal standing of employees, companies like Uber and Lyft spent some $200 million on a ballot initiative exempting their drivers.

Uber and Lyft ramp up legislative efforts to shield business model

Vaxxing, not waxing is the new must-do before a hot date, with dating apps joining the White House on Friday to promote COVID-19 shots. Tinder, Hinge, Match, OkCupid, BLK, Chispa, Plenty of Fish, Bumble, and Badoo are all adding vaccination status to the more expected details on dating profiles as part of a rollout over the next few weeks.

Swipe right on vaccinations: White House collaborates with Tinder's parent company

As the United States is increasing its pace of vaccination programmes every day, fast food chain McDonald’s and cab services (Uber and Lyft) have decided to reach out to people who are hesitant about getting vaccinated.

We can do this: Uber, Lyft offer rides to Americans for Covid vaccination, McDonald's chips in too

Lyft will sell its self-driving division to a unit of Toyota Motor for $550 million, a move the ride-hailing giant said will help it turn a profit sooner than previously expected.

World Business Watch: Lyft sells self-driving unit to Toyota's woven planet

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