What is the Lyft controversy?

What is the Lyft controversy? Lyft is facing lawsuits from drivers and passengers who say they were sexually assaulted during rides. They're accusing the ride-hailing company of failing to protect them.

Who is the biggest shareholder of Lyft?

Hedge funds don't have many shares in Lyft. FMR LLC is currently the company's largest shareholder with 14% of shares outstanding. In comparison, the second and third largest shareholders hold about 8.1% and 7.9% of the stock.

Is Lyft bigger than Uber?

Uber dominates U.S. market share By April 2022, observed sales at Uber exceeded their pre-pandemic levels and remained elevated throughout most months of 2022 and into 2023. Meanwhile, observed sales at Lyft are yet to reach their pre-pandemic levels as of October 2023.

Why did Lyft get rid of the pink mustache?

So starting today, Lyft is ditching mustaches altogether, in favor of a device it calls the Amp. It's a two-way beacon the company claims will help riders and drivers find each other faster and more easily than ever. Using the Amp is as simple as matching colors.

Who was the Uber driver killed in Tennessee?

Nashville Uber driver killed after stopping to help with flat tire on I-24. Police have identified the Uber driver who was fatally struck on Interstate 24 Sunday as Alaa Alhashimi, of Nashville, Metro Nashville Police Department spokesperson Kris Mumford said. He was 38.

What was the name of the Lyft driver that was killed?

WATCH: FDLE holds news conference on Gary Levin murder It was unfortunately and sadly at that point, Mr. Levin was the one who responded to that call and picked up Mr. Flores, Lawson said. Flores and Levin drove into Okeechobee County, where Flores shot and killed the Lyft driver inside his vehicle.

What happened to the Uber killer?

Nearly three years after driving an Uber around Kalamazoo, Michigan, and randomly shooting and killing six people, Jason Dalton was sentenced Tuesday to life in prison without parole.

Who was the girl that jumped out of Lyft?

The woman, named Katlyn, said she immediately realized something was wrong. The driver almost hit the person in front of him, she said, then put a different destination in his GPS, away from where she was headed. He then refused to answer any questions. At one point, the car slowed down and she saw her chance.

Why Uber and Lyft are not safe?

Uber & Lyft Safety Women are especially at risk when it comes to experiencing sexual assault and harassment while using rideshare services. According to RAINN (Rape, Abuse, Incest National Network), about 90% of sexual assaults are reported by women.

Is Lyft losing customers?

Lyft has failed to attract the same number of customers as before the pandemic, with its 20.4 million active riders last quarter falling short of its 22.9 million customers in the last quarter of 2019. Uber's monthly active users have grown by 18% in the period, per FactSet.

Why is Lyft failing?

High prices were pushing passengers to Uber or other modes of transportation, and the company said lower prices would benefit it down the road. Employees have worried for months about Lyft's poor stock performance, and some were even more alarmed by the recent plunge, two current employees said.

Which is cheaper Uber or Lyft?

Both rideshare companies are based in California, where it is $1.16 cheaper to take an Uber rather than a Lyft. But rideshare culture has been controversial in the companies' home state, with California's Proposition 22 exempting drivers from employee status — and net minimum wage — at the firms' recommendation.

What is the biggest scandal about Uber?

At the time, Uber was not just one of the world's fastest-growing companies - it was one of the most controversial, dogged by court cases, allegations of sexual harassment, and data breach scandals. Eventually shareholders had enough, and Travis Kalanick was forced out in 2017.

Who was the whistleblower at Uber?

The Uber files is a global investigation based on a trove of 124,000 documents that were leaked to the Guardian by Mark MacGann, Uber's former chief lobbyist in Europe, the Middle East and Africa.

Is LYFT in trouble?

Now, the San Francisco-based company is facing an existential crisis as it trails its much larger competitor, Uber, amid ongoing questions about the long-term viability of ride-hailing as a business. Since the pandemic, some analysts have questioned whether Lyft can survive as an independent company.

What city makes the most money with Lyft?

Is Lyft laying off drivers?

Lyft to cut 1,072 employees, or 26% of its workforce The layoffs had been announced last week without a specific number. New CEO David Risher told employees that the cuts would form part of a continued focus on “better meeting” consumer and driver needs.

Which came first Uber or Lyft?

The Lyft app launched in 2012 (Uber, originally called UberCab, in 2009), but Lyft started life as a side project for Zimrides, a carpooling service founded in 2007 that leveraged Facebook and students for long-distance ride-sharing back when Uber was just a limousine-shaped gleam in the eye of Canadian co-founder ...

Is Lyft losing to Uber?

Uber dominates U.S. market share By April 2022, Uber sales exceeded their pre-pandemic levels and remained elevated throughout most months of 2022 and into 2023. Meanwhile, sales at Lyft are yet to reach their pre-pandemic levels as of July 2023.