Lyft

Lyft Exec Calls for Corporate America to Fight Texas Abortion Law

The general counsel for ride-sharing giant Lyft recently called on other corporations to take a stance against a recent Texas law prohibiting the majority of abortions. According to the executive, woke companies must hold “government accountable and speaks out on important issues.”

Lyft executive Kristin Sverchek

Gig Economy Woes: Uber and Lyft Are Scrambling to Find Drivers

Ridesharing giants Uber and Lyft have begun improving the perks that drivers receive amid a shortage of drivers across the United States. One Uber executive made clear the extent of the problems ridesharing companies are having in finding drivers: “This is a moment of deep introspection and reflection for a company like ours to pause and say, ‘How do we make the proposition for drivers more attractive longer term? It is absolutely a reckoning.”

SAN FRANCISCO, CALIFORNIA - MARCH 22: The Uber logo is displayed on a car on March 22, 2019 in San Francisco, California. Uber Technologies Inc. announced that it has selected the New York Stock Exchange for its much anticipated initial public offering that could be one of the top five …

New York Times: The Tech Titans Are Nowhere Close to Self-Driving Cars

The New York Times has outlined how Silicon Valley tech giants are beginning to “reset expectations” for the future of self-driving cars. According to the Times, only the richest companies are still working on the technology and they are expected to “still toil for years on their driverless car projects.”

Tesla CEO Elon Musk unveils the new Tesla factory in Fremont, Calif., Wednesday, Oct. 27, 2010. The new Tesla factory is the former NUMMI plant. (AP Photo/Paul Sakuma)

Uber Warns of California Shutdown After Legal Woes

Uber could shut down services in California as early as Friday as the ridesharing company continues to fight the state over a new law that requires its gig economy drivers to be re-classified as employees. The threat of a stoppage comes after Uber posted a whopping $1.8 billion loss during the second quarter as the Chinese coronavirus pandemic continues to take a financial toll on the company.

Uber CEO Dara Khosrowshahi on Wall Street

Bokhari: The Booming ‘Gig Economy’ Is a Plutocrat’s Paradise

In days past, if you were risking your life for low pay, that likely meant you were a soldier. The upside: survival skills, high status, a free college degree, and good benefits. These days, though, you can risk your life for low pay and get none of those benefits, as a member of the pandemic “Gig Economy.”

Instacart CEO Apoorva Mehta

Lyft Laying Off 17% of Employees

Rideshare company Lyft said it is laying off 982 employees, or 17 percent of its workforce, and is furloughing hundreds more due to financial pressure from the Chinese virus pandemic.

FILE - In this Monday, Jan. 26, 2015, file photo, Logan Green, co-founder and chief executive officer of Lyft, displays his company's "glowstache" during a launch event in San Francisco. On Monday, Jan. 4, 2016, General Motors Co. announced it is investing $500 million in ride-sharing company Lyft Inc. GM …