Tag: lyft
The Station: Lyft, Uber take action in Texas, Van Moof charges up with capital, an eVTOL SPAC deal gets knocked
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point…
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Massachussetts AG greenlights Uber, Lyft-backed gig worker ballot initiative
Massachusetts Attorney General Maura Healey gave a coalition of app-based service providers like Uber and Lyft the go-ahead to start collecting signatures needed to put a proposed ballot measure before voters that would define drivers as independent contractors rather than employees. Backers of the initiative, which is essentially a MA…
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Gig companies take worker classification fight to Massachusetts through ballot initiative
A coalition of app-based ride-hailing and on-demand delivery companies including Lyft, Uber, Doordash and Instacart have filed a petition for a ballot initiative in Massachusetts that would keep gig economy workers classified as independent contractors as the industry takes a fight it won in California on the road. The ballot…
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Despite flat growth, ride-hailing colossus Didi’s US IPO could reach $70B
Didi filed to go public in the United States last night, providing a look into the Chinese ride-hailing company’s business. This morning, we’re extending our earlier reporting on the company to dive into its numerical performance, economic health and possible valuation. Recall that Didi has raised tens of billions worth of…
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Joco allowed to continue ebike operations as NYC lawsuit plays out
The City of New York’s lawsuit against JOCO, the docked electric bike-share service, hit a snag with the court Thursday, when it was denied temporary restraining order to end the company’s operations. The city alleges in the lawsuit field Wednesday that JOCO is operating illegally because all bike-sharing systems within the…
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Investors cheer as Lyft’s Q1 revenue didn’t fall as much as expected
Investors gave Lyft’s value a small bump Tuesday after the American ride-hailing company reported results that weren’t quite as bad as the company, and Wall Street, had expected. Shares of the Uber competitor rose as much as 4.5% in after-hours trading following the disclosure of its financial performance from the…
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