Latest Lyft Headlines
All the headlines from our Lyft Topic Page, ordered by recency.
D&O Insurance Costs Soar as Investors Run to Court Over IPOs
Jun 18 2019 // Companies going public in the United States face insurance costs that have increased as much as 200% in the last three years to cover their executives against lawsuits alleging they misled investors. A rise in securities...
Uber, Lyft Appeal for Deal on Driver Status as Independent Contractors
Jun 14 2019 // Faced with legislation in California that endangers their business model, Uber Technologies Inc. and Lyft Inc. are urging a compromise that would keep their drivers from being considered employees. “We can make...
Louisiana Senate Passes Statewide Rules for Ride-Hailing Services
Jun 3 2019 // Efforts to enact statewide Louisiana regulations for ride-hailing services such as Uber and Lyft, aimed at expanding the services’ availability around the state, won passage Saturday in the Senate, after two years of...
Report Says Many New York City Uber, Lyft Drivers Fail to Respond to Recalls
May 23 2019 // One out of six Uber and Lyft drivers in the New York City and Seattle areas are driving vehicles with outstanding recalls, according to Consumer Reports. But taking a taxi or limousine isn’t necessarily a safer...
Investors Sue Lyft, Alleging IPO ‘Overhyped’
Apr 18 2019 // Lyft Inc. was sued by investors who claim the ride-sharing company overstated its market position when it went public last month, leading to a dramatic plunge in its stock price. Two separate class-action complaints...
Brake Complaints Cause Lyft to Replace 3,000 Electric Bikes in 3 Cities
Apr 15 2019 // Lyft Inc. is removing several thousand electric bikes from service in its bike-share program in New York, Washington and San Francisco because of a braking problem, the ride-hailing company said on Sunday. “We...
Sponsor of S.C. Bill Requiring Lighted Uber Signs Say Just First Safety Step
Apr 12 2019 // A lawmaker sponsoring a bill in South Carolina requiring Uber, Lyft and other ride sharing drivers to have a lighted sign said he knows it isn’t a foolproof way to keep riders safe. But Rep. Seth Rose said it is an...
IPO-Bound Lyft Tells Investors Lowering Insurance Costs Is Priority
Mar 21 2019 // Lyft Inc. executives are focused on cutting insurance costs and will phase in self-driving vehicles on simple routes first, they said at a road show for investors ahead of the ride-hailing company’s initial public...
Lyft, Uber Shift Some Risk to Captive Insurers
Mar 4 2019 // Ride-sharing giants Lyft Inc. and Uber Technologies Inc. seem to have found the same solution for dealing with the risks of managing millions of drivers on the road: Creating their own insurers in Hawaii. On Friday, Lyft...
Waymo’s First Driverless Car Service Seen Right Around the Corner
Nov 13 2018 // In just a few weeks, humanity may take its first paid ride into the age of driverless cars. Waymo, the secretive subsidiary of Google’s parent company, Alphabet Inc., is planning to launch the world’s first...
Uber and Lyft Could Reach 31M Trips in Seattle This Year
Nov 9 2018 // The two ridesharing giants provided more than 91,000 rides in the Seattle, Wash. area on an average day in the second quarter of this year. The Seattle Times reports Uber and Lyft are on pace to provide more than 31...
New York City Votes to Cap Uber, Lyft Vehicle Licenses
Aug 9 2018 // The New York City Council on Wednesday agreed to cap the number of licenses for ride-hailing services such as Uber for one year, dealing a blow to the companies that have relied on the largest U.S. metro area for a major...
Gig Firms Want California to Override Court Ruling
Aug 8 2018 // Leading gig economy companies including Uber and Lyft are quietly lobbying California’s top Democrats to override or undermine a court ruling that could make many of their contract workers into employees. In April,...
Lyft Faces Patent Suit by Professor Over Ridesharing Model
Jul 25 2018 // A retired Georgia Institute of Technology engineering professor described as a “pioneer” in developing the idea of ride sharing sued Lyft Inc., claiming it infringed his patent for technology underlying the...
Lyft Will Beef Up Background Checks Following California Driver Arrest
Jul 20 2018 // Ridesharing company Lyft said Wednesday that it’s beefing up its background checks after a driver arrested for rape was found to be in the United States illegally. The company’s “enhanced detection...
California Suspect in Serial Rapes Was a Lyft Driver
Jul 19 2018 // Ridesharing company Lyft said this week that it’s investigating how a former driver now charged in a series of rapes passed a background check even though federal immigration officials say the suspect was living in...
Court Revives Challenge to Seattle’s Ridesharing Union Law
May 21 2018 // A U.S. appeals court has revived a leading business group’s challenge to a Seattle law, the first of its kind, that would allow drivers for ridesharing services such as Uber Technologies Inc. and Lyft to...
Court Revives Challenge to Seattle’s Ridesharing Union Law
May 14 2018 // A U.S. appeals court has revived a leading business group’s challenge to a Seattle law, the first of its kind, that would allow drivers for ride-hailing services such as Uber Technologies Inc. and Lyft to...
California Lawsuits Challenging Contractor Model for Lyft, Postmates
May 10 2018 // Ridesharing service Lyft Inc. and courier service Postmates Inc. are among the first companies to be sued for improperly treating workers in California as independent contractors following a recent decision that makes it...
Louisiana Senators Reject Statewide Rules for Uber, Lyft
May 10 2018 // Louisiana state lawmakers again have spurned efforts to enact statewide regulations governing ride-hailing services such as Uber and Lyft. Facing pushback from senators, House Speaker Taylor Barras pulled House Bill 749...
