Lyft will buy the bike-sharing company Motivate, according to report in The Information. The potential deal follows a similar move by Uber in April. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
To help retain drivers on its platform, Uber is raising its fares in cities such as Washington, D.C., San Francisco and Los Angeles. The increases have come to both “time and distance” rates as well as “booking fees,” Financial Times reported. Get the Full Story...
Mobike, the Chinese bike sharing company, is dealing with a growing problem of theft in Mexico City, the market it entered this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Warren Buffett has confirmed that he has held talks with Uber, with reports saying that his company, Berkshire Hathaway, offered Uber a $3 billion investment earlier this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Uber was able to turn a $2.5 billion profit during the first quarter of 2018, due to the company selling its Southeast Asian business to Grab and its Russian business to Yandex. Get the Full Story Complete the form to unlock this article and enjoy...
Lyft, the ride-hailing company taking on Uber, announced news on Wednesday (May 23) that it is investing $100 million to provide more support for its drivers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Lyft’s internal market share numbers shows that it now has 35 percent of the national ridesharing market, up from 20 percent 18 months ago. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Newly released data shows how much some users are spending on ridesharing apps like Uber and Lyft in 32 major cities. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Tesla’s CEO revealed that while technology for the company’s autonomous vehicle ridesharing network will be ready by the end of next year, it’s still unclear as to when the service will actually launch. Get the Full Story Complete the form to unlock this article and...
