I assume this is bad?Shares of Lyft Inc. fell in Friday trading amid active short selling after rival Uber Technologies Inc. filed paperwork for an initial public offering.Lyft’s stock LYFT, -1.93% was down as much as 5.8% in morning trading before paring back some of its losses. The negative price action came as a result of both long, or bets that the stock will rise, and short selling—bets the stock will fall—according to S3 Partners analyst Ihor Dusaniwsky, who said that more than a million additional shares were shorted during this morning’s ...
The article is light, but watch the video for more detail.The fundamental numbers don’t really add up because scooters don’t bring in enough money to cover their cost. Ride-sharing is wildly unsustainable, and if the business continues on its current path, it’s entirely possible that these scooters will end up in a mass graveyard like those viral photos from China.The video reveals some interesting numbers. Each scooter costs over $500 for the companies to purchase. In order to recoup the purchase cost, these companies need these scooters to run for 5 months or more, but ...
Yes, I guess Uber's self-driving cars aren't dead yet. This is the third time in three years that Toyota has invested in Uber.https://arstechnica.com/cars/2019/04/toyota-leads-1b-investment-in-ubers-self-driving-tech/ It's actually not the first time Toyota has opened its wallet for Uber. In August 2018, the Japanese OEM signed a $500 million deal to integrate Uber's autonomous tech into Toyota Sienna minivans, which will operate through Uber's ride-hailing network at some future date. That followed an earlier investment of $300 million in 2016.
This is so common now. The worst part about this is the women recognized that it was strange that the driver did not know her destination address. I don't get why people get in random strangers cars that they have not verified!!https://www.nbcwashington.com/news/local/Man-Pretends-to-Be-Rideshare-Driver-Robs-Woman-at-Her-Bethesda-Apartment-508669821.html
A lot has been written about ride-share services like Uber threatening the livelihood of cab drivers. In most of these articles Uber, Lyft, et al are pitted against local taxi companies like Yellow and Carriage. What is rarely made clear is that none of these companies—ride-share or traditional taxi—actually employ any drivers. So while they fight it out in the courts about regulations and who can and cannot get what part of the transportation market, the people doing the actual driving aren’t being represented by either side.
In 1993—when I became a cab driver—calling a ...
Many drivers like myself drive for multiple companies to reduce downtime. Since Uber recently added trip duration to the ride request timer information do you feel life it is too risky accepting Lyft/Via/Etc requests?Personally I find it quite excellent declining those 10 ++ minute away 1 minute trip rides. Even more common are the 20 minute ++ duration rides in the epicenter of a surge zone. You will lose out on tons of income taking that long trip out of the surge zone into the suburbs or etcIt’s been Uber all the way since this UberPro feature ...
I am surprised that this wasn't already a thing in Saudi Arabia. I actually though there was a rule against women driving men. https://www.cnn.com/2019/04/16/tech/uber-saudi-arabia-women-preferred/index.html
If you ask someone underage, they will know you are checking to see if they should deny you the ride. Hence, they have a good reason to NOT show you the ID.Plus, some kids don't have IDs.Plus, in some cases, there are legit reasons people don't want to show the IDs. Say, a female who doesn't want to show the creepy driver where she lives.Don't we have a predicament here...
Lawmakers in North Carolina are introducing a bill forcing rideshare companies to make their drivers use lighted signs, local TV station WSOC reports. The bill, named the Passenger Protection Act, was drawn up following the case of 21-year-old student Samantha Josephson, who was murdered in March after she mistakenly got into a stranger's car believing it to be an Uber. https://www.businessinsider.com/uber-and-lyft-cars-forced-to-install-lighted-signs-in-north-carolina-2019-4
New LAX Pick-up/Drop-off policy/location?A curbside cop at LAX said rideshare services were going to be moved outside the Terminal. - Any details about when such changes will be made and how it would work?- How will this affect rideshare demand?
Please do share. Remember when some dude died after getting kicked off Lyft? I can't help it to think he did something to be kicked out, you know?
Lyft Passenger Killed in Fatal Hit-and-Run on Freeway After Driver Demands He Exits Vehiclehttps://www.nbclosangeles.com/news/local/Lyft-Passenger-Killed-in-Fatal-Hit-and-Run-on-Freeway-473302203.html
Do you have questions for your Uber and Lyft drivers? What about tips and suggestions? Whether you are a driver or a rider, share your comments in this forum and get responses from real rideshare drivers.
Do you have comments or questions to people who take rideshares? Any driver advice for your passengers or other ridehailers? This is a forum where you can share your thoughts, feedback, complaints and have them be heard by real rideshare riders.
Driver from hell? Any complaints or suggestions for Uber and Lyft? Anything glaring wrong with the industry? Do you have stories of your horrible experiences with rideshare services? Leave your comments here and share your stories.
Passengers from hell? Any complaints or suggestions for Uber and Lyft? Anything glaring wrong with the industry? Do you have stories of your horrible experiences with rideshare services? Leave your comments here and share your stories.