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Shares of the company fell as much as 6% in after-hours trading on Monday after third-quarter earnings disappointed Wall Street investors.
Lyft lost less money than Wall Street expected in the third-quarter as the company keeps adding new riders
The company said last week that it expects to turn a profit a full year ahead of when Wall Street analysts had expected it to.
Uber is launching ‘Uber Money,’ a financial services team that could help it save money and pay drivers more quickly
The ride-hailing company wants to eventually offer bank accounts to drivers, and possibly even riders.
New research published by the National Bureau of Economic Research found only 16% of Uber rides are tipped, codifying a common complaint of drivers.
While Uber is shuttling people to airports in helicopters, Lyft is getting back to basics. And it looks a lot like a traditional taxi queue.
Uber Eats and the company's Advanced Technologies Group were among the targeted business groups this time.
The ride-hailing company will now let you hail a rental car in three California cities, and give you a ride credit to get to the pickup location.
Having insight about where a potential trip is going is huge for drivers' ability to plan their workflow and feel some control over their job.
Uber and Lyft provide a strikingly similar service in the US — and their new offerings continue to piggy back each other.
Both companies have lost major ground since going public, showing that investors are growing increasingly hesitant around money-losing firms.