Lyft has been slow to bounce back from early pandemic problems even as the business of its much bigger rival, Uber, has improved.
Tag: Uber Technologies Inc
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New York Raises Pay for Uber Drivers
The company blocked regulators in December from boosting wages. Drivers have since received a previously scheduled raise and will soon get another one.
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Lyft’s Financial Woes Thrust It Into the Spotlight
Lyft recovered from pandemic restrictions slower than Uber, and critics said it lacked the kind of ambitious investments that could distinguish itself from its rival.
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Uber Drivers Say They Are Struggling: ‘This Is Not Sustainable’
Their raise request was denied, while fees and car payments are cutting into their earnings. New data suggests they make less than cabbies.