Uber Seeks $90 Billion IPO Evaluation

According to Bloomberg, Uber is seeking to start selling their market shares in the $44-50 price range. It is estimated that they will raise approximately $10 billion this way. The online payment platform, PayPal, is set to buy $500 million of those shares. Apart from PayPal, Uber also has other big name stakeholders, such as […]
  • Vladimir Sumina
  • April 26, 2019
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New York Sets Cap on Ride-Sharing App Vehicles

The City of New York is to enforce new regulations regarding the cap of ride-sharing vehicles and the minimum hourly pay rates. The new regulations will immensely effect ride-sharing giants Uber and Lyft. Mayor Bill de Blasio is a big supporter of the new regulations. New York City Mayor Bill de Blasio tweeted: “Our city […]
  • Peter Boyer
  • August 9, 2018
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Toyota Launched New Car-Sharing App In Hawaii

Toyota has developed and launched a new car-sharing service around Honolulu, Hawaii. The service allows islanders and tourists to access Toyota vehicles at car-sharing stations on the island of Oahu. The service is run through an app called “Hui Car Share”. In the app description, Toyota states that “Hui is round-trip, station-based care share service […]
  • Peter Boyer
  • July 12, 2018
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Lyft acquires Motivate

Lyft expands portfolio with bikes Lyft announced on Monday that it will acquire bike-sharing giant Motivate for an undisclosed amount. Motivate is the parent company of popular bike-sharing networks like Citi Bike in New York and the Bay Area, and Capital Bikeshare in Washington, D.C. The acquisition comes at a time when Lyft it trying […]
  • Ben Norman
  • July 11, 2018
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Will a surcharge reduce congestion in Manhattan?

Recently approved New York state budget includes a surcharge in ride-hailing services. The additional funds will go into the maintenance and upgrade of the subway. Governor Cuomo is moving forward with the congestion-pricing plan. We live in a generation where everything comes down to money. It will be the ultimate deciding factor in every step that […]
  • Crystal Ng
  • April 4, 2018
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Lyft nearly triples its coverage across the U.S. 

As Uber takes steps to recover from a string of allegations that called its corporate ethics into question, competing ride-share service Lyft is anxious to establish itself as a viable Uber rival, CNBC reports. Thursday, Lyft nearly tripled its coverage across the U.S., adding 160 cities—for a total of 350—and 32 states for a total […]
  • William Van-Lear Black
  • August 31, 2017
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SoftBank Looks to Make Inroads Into US Ride-Hailing Sector

SoftBank CEO Masayoshi Son has indicated intentions to make inroads into the US ride-hailing market with a multi-billion dollar investment in Uber or Lyft, CNN’s Sherisse Pham reports. At a news conference Monday, Son said his company was “definitely interested” in pursuing a partnership with one of the two ride-hailing operations. Son expects a boom […]
  • William Van-Lear Black
  • August 8, 2017
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Lyft Partners With Taco Bell to Allow Passengers to Order Food With the Push of a Button

If you realize you’re hungry in the middle of a Lyft ride, can you ask your driver to go through a drive-thru? The quandary has plagued hungry passengers ever since the ride-hailing company was established in 2012. But now Taco Bell has partnered with Lyft to create a feature that allows Lyft customers to request […]
  • William Van-Lear Black
  • July 30, 2017
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Lyft to Deploy Autonomous Cars by End of 2017

Ride-hailing company Lyft announced Friday that self-driving vehicles will be picking up customer  by the end of the year, Brian Fung of The Washington Post reports. The first autonomous Lyft cars will drive on the streets of Boston, but Lyft ultimately aims to create a network of hundreds of thousands of autonomous vehicles, which it […]
  • William Van-Lear Black
  • July 22, 2017
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