Tag: Lyft

Uber plans to kick off IPO in April

(Reuters) — Ride-hailing company Uber is planning to kick off its initial public offering in April, putting it close on the heels of smaller rival Lyft, people familiar with the matter said on Thursday. Next month, Uber will issue its required public disclosure, known as an S-1, and launch its investor roadshow, the people said. […]

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Green New Deal Sponsor AOC Spent $29,000 on Rideshare Services

Rep. Alexandria Ocasio-Cortez (D-NY), the self-described Democratic Socialist who sponsored the “Green New Deal” legislation in the House, reportedly spent more than $29,000 on gas-guzzling rideshare services. Although the freshman Democrat lawmaker hawked the legislation with a goal of “full transition off fossil fuels and zero greenhouse gases” over ten years, her campaign spent $29,365.70 on […]

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Uber and Lyft plan to offer some drivers shares in their IPOs

(Reuters) — Uber and Lyft plan to offer cash bonuses to some of their most active drivers with the option to purchase shares in the ride-hailing firms’ highly anticipated Wall Street debuts, a bold effort to improve driver relations as the companies transition to the public markets. Both programs will […]

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Apple is prioritizing AR — and that’s a good thing

Until recently, it was easy to dismiss augmented reality as at best a luxury add-on to cellphones, at worst a gimmicky marketing stunt. From Pokémon Go to Android’s AR face filters to Snapchat’s Lens Studio, AR applications could be (literally and figuratively) game-changing, but at their core, they were about fun, not fundamentally […]

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Lyft says Shared Saver is its ‘most affordable’ ride option yet

Lyft today announced what it says is its “most affordable” ride option yet: Shared Saver. Starting this week in select cities — Denver and San Jose for now, with others to follow — riders can lock in low prices even during peak hours. Unlike Lyft’s standard Shared rides, Shared Saver isn’t […]

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In a once-flourishing taxicab mecca, DC rides plummet

WASHINGTON — The nation’s capital once boasted the highest number of taxis per capita of any city, but in 2019, the number of taxi rides in the District are plummeting — leaving some wondering if the industry is doomed. According to AAA Mid-Atlantic, while the number of “one-tap” ride-hailing trips using services including Uber and […]

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New York City’s new rideshare regs put Big Brother in backseat, give GPS tracking a whole new meaning

Whether you love them or hate them, rideshares like Uber and Lyft have become a daily part of life for millions of New Yorkers. These app-based services make it easy to pay for your ride, but while the privacy cost isn’t always as clear, it’s about to get a lot larger. These apps have […]

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T-Mobile announced new Tuesday freebies from Lyft and Taco Bell during the Super Bowl

We’ve not covered T-Mobile Tuesdays for quite some time, but the Un-carrier has just unveiled a couple of new offers we thought you might be interested in. Using the marketing power of the Super Bowl, TV spots highlighted new partnerships with Lyft and Taco Bell. In conjunction with ride-sharing company Lyft, T-Mobile is offering a […]

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Shutdown creates uncertainty over Uber and Lyft IPO timing

Uber and Lyft are still waiting for feedback from the U.S. securities regulator on their confidential submissions for IPOs, Bloomberg reports tonight, citing people familiar with the matter who aren’t disclosing their identities. Donald Trump’s government shutdown over his demand for a wall on the U.S.-Mexico border has effectively halted all but basic operations at […]

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Free rides, late Metro: How to travel around DC for New Year’s Eve

WASHINGTON — With New Year’s right around the corner, you may have started thinking about your resolutions and how to celebrate the last night of the year. But, thanks to free ride-shares and public transportation staying open later, one thing you won’t have to worry about as you ring in the New Year is getting […]

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Police agencies encourage sober rides New Year’s Eve

WASHINGTON — The cops want you to know they’ll be on the roads targeting drunk drivers this weekend and through New Year’s Eve. Checkpoint Strikeforce is an annual program run by law enforcement agencies that targets drunken drivers on the road during the holiday season. This year’s campaign is called, “Act Like It,” encouraging New Year’s […]

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13 European companies acquired by U.S. tech giants in 2018

As in previous years, a number of big acquisitions went down in the technology realm in 2018, and Europe was a popular destination for U.S. companies looking to bolster their technological arsenal. Here’s a quick look back at some of the transatlantic deals that happened this year. Spektral (Denmark) In October, […]

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Lyft files for an IPO ahead of rival Uber

(Reuters) — Ride-hailing company Lyft on Thursday filed with the U.S. Securities and Exchange Commission for an initial public offering, ending months of speculation about the timing of its much-awaited market debut. The company, which was last valued at about $15 billion, did not specify the number of shares it […]

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Police: Lyft driver sexually assaulted woman in Georgetown

WASHINGTON — D.C. police say they’re looking for the driver of a Lyft ride-hailing vehicle suspected of sexually assaulting a customer during a ride in Georgetown over the weekend. The reported assault happened shortly after midnight Saturday along 33rd Street in Georgetown, according to D.C. police. A D.C. police spokeswoman confirmed to WTOP that the […]

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Lyft acquires Capital Bikeshare operator, unveils design for Lyft Bikes

WASHINGTON — Ride hailing company Lyft, which recently jumped into the dockless electric scooter business in D.C., has completed its planned acquisition of Motivate, the company that operates the city’s long-established public docked bike operator Capital Bikeshare. The deal was first announced in July. Lyft also unveiled a first look at its own Lyft Bikes, […]

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Lyft completes Capital Bikeshare deal, plans its own Lyft bikes

WASHINGTON — Ride hailing company Lyft, which recently jumped into the dockless electric scooter business in D.C., has completed its planned acquisition of Motivate, the company that operates the city’s long-established public docked bike operator Capital Bikeshare. The deal was first announced in July. Lyft also unveiled a first look at its own Lyft Bikes, […]

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