Lyft
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Modern Shipper
Lyft had visions of building an autonomous car. What happened?
In 2017, Lyft launched its Level 5 division, which would focus on developing an autonomous vehicle. Last month, the company pivoted away from that, selling…
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Modern Shipper
Lyft’s losses shrink as riders begin returning
Lyft reported a narrower loss in its Q1 earnings as riders began returning to the platform.
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Modern Shipper
Toyota subsidiary to acquire Lyft’s self-driving vehicle division
Woven Planet, a subsidiary of Toyota Motor Corp., has agreed to acquire the self-driving vehicle business Level 5 from Lyft.
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Modern Shipper
Senate bill would make gig workers permanently eligible for unemployment
Two Democratic senators have introduced a bill that would offer gig workers a $250 unemployment benefit as part of an overhaul of unemployment insurance.
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Modern Shipper
California proposes electric vehicles standard for rideshare companies
California has proposed a sustainability regulation for transportation network companies, including Uber and Lyft, that would require 90% of all rides to take place in…
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News
Bringg platform democratizes third-party seller data
“We want to give a voice to third-party sellers,” said Bringg’s VP of Alliances.
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Medically Necessary
Medically Necessary: Rideshare companies angle for a bigger piece of the health care supply chain
The pandemic slashed ride volumes for medical transportation providers that brought patients to appointments. Now, some want to bring drugs and supplies to patients.
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Modern Shipper
Will US Uber drivers benefit from UK reclassification decision?
Uber’s decision to upgrade the status of its U.K. drivers puts added pressure on the company in the U.S. to do the same, even though…
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Modern Shipper
Stripe most expensive startup in US with $95B valuation
Global payments technology provider Stripe has raised $600 million in a new funding round at a $95 billion valuation, making it the most expensive startup…
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Modern Shipper
COVID relief bill could trigger larger tax bills for gig workers
A change in IRS tax code included in the $1.9 trillion COVID relief bill will require sellers and other businesses paying out more than $600…
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