Now, this approach might have begun to play out for the No. 2 in the rideshare industry, Lyft (NASDAQ: LYFT). Both Lyft and the industry leader, Uber, saw their stocks crater after launching initial ...
The city’s plan threatens to further weigh on demand for ridesharing in a key market for Uber and Lyft, which are both warning that costs will be passed through to consumers.
“Lyft just banned my wife’s account for reporting a Jew-hating driver,” a screenshot of the now-deleted post read. “The driver had a bumper sticker saying ‘Free Palestine’ in Arabic with a map showing ...