Lyft

and plan to end operations in after the city council voted to increase driver pay. The council passed an ordinance on the issue last week. On Thursday, it voted to overrule a mayoral veto of the measure.The new rules stipulate that ridesharing companies need to pay drivers at least $1.40 per mile and 51 cents per minute (or $5 a ride, whichever is higher) whenever they're ferrying a passenger. Tips are on top of the minimum pay. According to the , the council passed the ordinance to bring driver pay closer to the local…

In this Feb. 9, 2021 file photo, a passer-by walks past a sign offering directions to an Uber and Lyft ride pickup location at Logan International Airport, in Boston. Lyft and Uber are threatening to halt operations in Minneapolis because of a city ordinance to increase wages for app-based drivers, the latest back-and-forth that underscores a longtime fight between gig economy workers and the tech giants.Credit: AP Photo/Steven Senne, File…

TSA started testing a new “self-checkout” lane in Las Vegas on Wednesday for pre-checked flyers. Network TV morning shows billed it as the future of airport security. But anyone who’s been frustrated with the robot cashiers at supermarkets and big box retailers will likely be asking themselves a simple question: Why?The Epitome of 14 inch Gaming | Asus ROG Zephyrus G14 ReviewThe new TSA self-checkout lane looks a lot like the existing security you’re probably familiar with at U.S. airports. There are bins for your…

Photo: Jakub Porzycki/NurPhoto (Getty Images)Putting your phone in airplane mode when boarding a flight feels like common sense. You wouldn’t be crazy for thinking your phone signal could interfere with an airplane’s navigation systems, potentially causing a disaster. However, the necessity of airplane mode is largely a myth, and there’s another reason airlines are asking you to turn your phone off. - Maxwell Zeff Read More Photo: Jakub Porzycki/NurPhoto (Getty Images)Putting your phone in airplane mode when boarding a…

Wendy’s will start experimenting with surge pricing, much like Uber and Lyft, as the company rolls out digital menus to all its United States restaurants by 2025, according to the company’s February earnings call. Under the test, burgers, Frosties, and other menu items will have “dynamic prices,” costing more during times of increased demand.Dave Bautista Opens Up About His Relationship With Denis Villeneuve“Beginning as early as 2025, we will begin testing more enhanced features like dynamic pricing,” said Wendy’s CEO…

Rideshare drivers rally at a staging area near O’Hare International Airport during a work strike on February 14, 2024, in Chicago, Illinois.Photo: Scott Olson (Getty Images)Uber and Lyft drivers in the U.S. are receiving tips for rides just 28% of the time, according to a study by gig worker tech company Gridwise. And that might help explain part of the reason why thousands of gig workers staged a strike on Valentine’s Day over low pay.Nvidia’s Almost Worth 2 Trillion. Is It a Bubble, or Is It Just Getting Started?The…

Getting there has been a bumpy ride. Analysts want to see if the companies can sustain it. Getting there has been a bumpy ride. Analysts want to see if the companies can sustain it. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and…

Drivers for Uber Technologies, Lyft and delivery workers for DoorDash were staging a strike on Wednesday, seeking fair pay and better treatment.Workers say the rideshare and food delivery platforms are taking disproportionate sums from their fares as fees, hurting their earnings. The protest comes just as Uber, the largest ride-share company, saw its shares hit a record high after announcing a $7 billion share buyback.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology…

In an absolutely bananas turn of events, a typo in an earnings report caused Lyft shares to skyrocket nearly 70 percent after Tuesday’s closing stock market bell, There was an extra zero in the report that suggested a five percent margin expansion in 2024, instead of a .5 percent margin. This sent investors into a tizzy, as the company has long struggled to turn a profit.The mistake was even present in Lyft’s slide deck, which was and an accompanying press release. The company quickly corrected the mistake, calling it a…

It’s a truth universally acknowledged that typos can be embarrassing and frustrating. They can also, as ride-sharing company Lyft found out on Tuesday, make everyone forget that you actually had a pretty good year.Why Bitcoin won’t reach $1,000,000Everything started with Lyft’s press release announcing its fourth quarter and full-year 2023 financial results, which was published before the company’s call with investors. In the press release, Lyft said that its adjusted EBITDA margin expansion—which references the total…