Lyft announced new features for its app on Tuesday aimed at improving passenger safety. Along with a button in the app that lets riders dial 911, the ride-hailing company is making the image of drivers’ license plates bigger. “Lyft is relentlessly focused on finding new ways to further strengthen safety measures on our platform,” Mary …
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Lyft is facing a class-action lawsuit from investors who allege the ride-hailing business overstated its market position during its initial public offering. Investors said they’re owed money after buying a stake in the company, which saw its shares fall by $9.02 earlier in May. Rosen Law Firm said on Friday that investors are also arguing that Lyft’s public statements were …
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Uber aims to school passengers on how to avoid “dooring” bicyclists. Getting “doored” has long been a fear-inducing issue for cyclists. It’s when a passenger or driver opens a car door in the path of a bike rider, causing the cyclist to crash. What can result is anything from bruises to broken bones and head injuries. Dooring accidents might be …
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Depending on where you are, it’s a toss-up whether your Uber driver will talk your ear off. Sure, they’re being nice. But if you’re jetlagged or on the last leg of a wild Friday night, small talk may be the last thing you want. Uber is introducing a new in-app way to opt out of a conversation with your driver …
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After a disappointing stock market debut last Friday, Uber’s shares have steadily continued to fall in day two of trading. The ride-hailing company’s CEO, Dara Khosrowshahi, sent an email to employees Monday morning aiming to address the issue head-on and boost morale, according to CNBC. “Like all periods of transition, there are ups and downs,” Khosrowshahi wrote, according to CNBC. “Obviously …
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Lyft’s first quarter on the stock market has been a bumpy ride. Everything looked good when the ride-hailing service’s co-founders, Logan Green and John Zimmer, rang the opening bell on the Nasdaq exchange on March 29 to celebrate Lyft’s first day as a publicly traded company. Shares rose 8.7% to close at $78.29. Shareholders rejoiced. Lyft was seen as the …
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Drivers for Uber, Lyft and other rideshare apps are planning to go on strike Wednesday ahead of Uber’s initial public offering. Participants in cities including Los Angeles, New York City and London will join the strike from 7 a.m. to 9 a.m. ET, according to the New York Taxi Workers Alliance. Drivers will also hold a rally at Uber’s and …
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Uber on Friday set a price range of $44 to $50 a share for its initial public offering, according to an updated filing with the US Securities and Exchange Commission. The ride-hailing company plans to offer 180 million shares and seeks to raise about $9 billion in its IPO. The San Francisco-based company will list on the New York Stock …
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Uber has come a long way since its days of “Boob-er” — the infamous nickname co-founder and former CEO Travis Kalanick gave himself because his role at the company helped him score women. The San Francisco-based company appears all grown up now. In mid-April, Uber publicly filed with the US Securities and Exchange Commission for an initial public offering that could …
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Uber, the highest valued private company in the world, just filed to go public. The San Francisco-based ride-hailing company filed with the US Securities and Exchange Commission on Thursday for its initial public offering. It reportedly plans to sell about $10 billion worth of stock, which would make it one of the largest US tech IPOs ever coming in at an …
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