Lyft

Lyft To Announce Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, October 12, 2023

Lyft, Inc. (Nasdaq: LYFT) (the “Company” or “Lyft”) will release financial results for the third fiscal quarter of 2023 after the close of the market on Wednesday, November 8, 2023.

Key Points: 
  • Lyft, Inc. (Nasdaq: LYFT) (the “Company” or “Lyft”) will release financial results for the third fiscal quarter of 2023 after the close of the market on Wednesday, November 8, 2023.
  • On the same day, Lyft will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these financial results and business highlights.
  • To listen to a live audio webcast, please visit the Company’s Investor Relations page at https://investor.lyft.com/ .
  • The archived webcast will be available on the Company’s Investor Relations page shortly after the call.

Impact Podcast with John Shegerian Features Hannah Kowalski of Warby Parker

Retrieved on: 
Wednesday, October 11, 2023

Hannah Kowalski, who serves as Director of Social Innovation at Warby Parker , is a featured guest this week on the Impact Podcast with John Shegerian .

Key Points: 
  • Hannah Kowalski, who serves as Director of Social Innovation at Warby Parker , is a featured guest this week on the Impact Podcast with John Shegerian .
  • Kowalski is an experienced cross-functional collaborator with a commitment to social impact, innovation, and sustainability.
  • At Warby Parker, she oversees the company’s Buy a Pair, Give a Pair program, carbon neutrality efforts, and ESG reporting.
  • “Our audience is sure to be inspired by her insights.”
    “I was very excited and grateful to have been invited to be a guest on the Impact Podcast with John Shegerian to talk all things social innovation, sustainability and Warby Parker,” said Kowalski.

Mastercard® Announces New Partnerships with Instacart and Peacock to Provide Greater Everyday Value and Convenience Where it Matters Most to Consumers

Retrieved on: 
Thursday, October 5, 2023

Consumers continue to embrace the convenience and efficiency of online shopping for groceries - and their appetite is growing [2].

Key Points: 
  • Consumers continue to embrace the convenience and efficiency of online shopping for groceries - and their appetite is growing [2].
  • By offering Instacart’s membership program, Instacart+, alongside monthly savings, Mastercard is providing a valuable, cost-effective benefit for its cardholders.
  • “Now more than ever, consumers are looking for benefits and savings that meet their everyday needs,” said Seema Chibber, EVP of Credit, North America, Mastercard.
  • [4]
    Peacock: Eligible World Mastercard and World Elite Mastercard cardholders new to Peacock Premium will receive a $3 statement credit on the Peacock Premium monthly streaming subscription.

Blue Cross Blue Shield of Massachusetts Sponsors Free Bluebikes Adventure Passes on World Mental Health Day

Retrieved on: 
Thursday, October 5, 2023

BOSTON, Oct. 5, 2023 /PRNewswire/ -- In recognition of World Mental Health Day and to support mental wellness within the Metro Boston community, Blue Cross Blue Shield of Massachusetts ("Blue Cross") is sponsoring free Bluebikes Adventure Passes on Tuesday, October 10. The complimentary passes, which provide riders with unlimited two-hour rides throughout the day, are accessible in the Bluebikes App with the code BLUECROSSMENTALHEALTH. The initiative will be available across the Bluebikes system's 13 municipalities: Arlington, Boston, Brookline, Cambridge, Chelsea, Everett, Malden, Medford, Newton, Revere, Salem, Somerville and Watertown. Blue Cross is the sponsor of Bluebikes, which is owned by the municipalities and operated by Lyft.

Key Points: 
  • Riders will receive free Adventure Pass with code: BLUECROSSMENTALHEALTH
    BOSTON, Oct. 5, 2023 /PRNewswire/ -- In recognition of World Mental Health Day and to support mental wellness within the Metro Boston community, Blue Cross Blue Shield of Massachusetts ("Blue Cross") is sponsoring free Bluebikes Adventure Passes on Tuesday, October 10.
  • The complimentary passes, which provide riders with unlimited two-hour rides throughout the day, are accessible in the Bluebikes App with the code BLUECROSSMENTALHEALTH.
  • Blue Cross is the sponsor of Bluebikes, which is owned by the municipalities and operated by Lyft.
  • Through its sponsorship of this initiative for the fourth consecutive year, Blue Cross continues to reinforce its commitment to supporting mental health within its communities.

Uber Driver’s Extraordinary, Inspiring New Memoir Crackles with Humor, Enthusiasm, and Warmth

Retrieved on: 
Tuesday, October 3, 2023

As an Uber and Lyft driver, Jeff strives to make people’s lives a little bit brighter, starting the moment they step into the car with him.

Key Points: 
  • As an Uber and Lyft driver, Jeff strives to make people’s lives a little bit brighter, starting the moment they step into the car with him.
  • While the job might make many feel a modicum of cynicism (if nothing else, from road rage) Jeff maintains a contagiously upbeat outlook.
  • “It has been an extraordinary experience talking with people from all over the world,” Jeff writes.
  • For those looking for a bit more hope and levity in their next read, Jeff’s excellent debut is sure to deliver.

Lyft and Mobilitas Insurance Companies Renew Commercial Insurance Partnership

Retrieved on: 
Tuesday, October 3, 2023

The Mobilitas Insurance Companies, providers of commercial insurance for the unique and emerging demands of the sharing economy and mobility sector, announced that Lyft has extended its partnership for ride-sharing commercial insurance coverage in 23 states, effective October 1, 2023.

Key Points: 
  • The Mobilitas Insurance Companies, providers of commercial insurance for the unique and emerging demands of the sharing economy and mobility sector, announced that Lyft has extended its partnership for ride-sharing commercial insurance coverage in 23 states, effective October 1, 2023.
  • “As the mobility industry continues to enjoy rapid expansion and success, we are excited to continue protecting Lyft from the business risks related to the rideshare segment,” said Julie Brown, general manager of Mobilitas.
  • “By combining our proven claims expertise with our unique ability to quickly develop tailored digital solutions, we continue to deliver positive outcomes that support Lyft’s business objectives.”
    Lyft and Mobilitas have partnered since 2020, when it was first announced that Lyft had selected Mobilitas to provide ride-sharing commercial insurance coverage in 11 states starting October 1, 2020.
  • “Lyft is focused on being customer centric and ensuring that drivers and riders are covered when taking a Lyft,” said Max Feldman, Lyft’s vice president of risk.

Flash Names Chris Donus as Chief Financial Officer

Retrieved on: 
Tuesday, October 3, 2023

AUSTIN, Texas, Oct. 3, 2023 /PRNewswire/ -- Flash, providing the world's first end-to-end cloud-based parking, reservations, and EV Charging platform, announced today that Chris Donus has been named Flash's Chief Financial Officer, effective October 10, 2023.

Key Points: 
  • AUSTIN, Texas, Oct. 3, 2023 /PRNewswire/ -- Flash, providing the world's first end-to-end cloud-based parking, reservations, and EV Charging platform, announced today that Chris Donus has been named Flash's Chief Financial Officer, effective October 10, 2023.
  • We're excited to welcome him to our leadership team," said Flash CEO Dan Sharplin.
  • Donus most recently served as COO & CFO at Wheel Health, a venture-backed developer of a telehealth platform designed to connect companies and clinicians to deliver virtual care.
  • "Flash has a strong financial foundation and significant opportunities for value creation.

Vayu Robotics Emerges from Stealth with $12.7 Million in Seed Funding from Khosla Ventures and Lockheed Martin Ventures

Retrieved on: 
Tuesday, October 3, 2023

Vayu Robotics , an AI company providing high-quality, low-cost robotics solutions, today announced closure of its seed financing round of $12.7 Million led by Khosla Ventures , with participation from Lockheed Martin Ventures , ReMY Investors and others.

Key Points: 
  • Vayu Robotics , an AI company providing high-quality, low-cost robotics solutions, today announced closure of its seed financing round of $12.7 Million led by Khosla Ventures , with participation from Lockheed Martin Ventures , ReMY Investors and others.
  • This round of funding will enable Vayu to scale product development for AI robotics across markets, including last-mile delivery, factory automation and automotive.
  • “Vayu is poised to disrupt the market by creating the lowest cost ownership for robots with the best operational economics,” said Anand Gopalan, CEO at Vayu Robotics.
  • “Vayu Robotics has a viable avenue to provide our customers with cutting-edge and cost-effective robotic systems that can introduce a new wave of intelligent, autonomous solutions across multiple domains.”

Safety on the line: Drivers who juggle multiple jobs are more likely to take risks on the road

Retrieved on: 
Sunday, October 1, 2023

Taxi drivers and ride-hail drivers, who drive for apps like Uber and Lyft, face many safety risks on the road, from accidents and injuries to harassment and violence.

Key Points: 
  • Taxi drivers and ride-hail drivers, who drive for apps like Uber and Lyft, face many safety risks on the road, from accidents and injuries to harassment and violence.
  • In fact, 83 per cent of ride-hail drivers from around the world feel their work is unsafe.
  • As a result, 22 per cent of American drivers carry weapons in their vehicles to protect themselves.

Multiple job holders

    • Most Canadians hold multiple jobs because they don’t make enough money to cover their expenses with one job alone.
    • Some drivers even work for taxi and ride-hail companies while holding another job.
    • Multi-job holders deal with sleep deprivation, stress and reduced performance.

Why do these drivers take more risks?

    • As a result, these drivers are more likely to take risks to complete fares quickly and earn more money.
    • Drivers often make at or below minimum wage and are paid per fare completed, rather than per hour.
    • Second, multi-job professional drivers are more likely to work evening shifts and at odd hours due to their complicated schedules.

Reducing risk to drivers and the public

    • Addressing the challenges faced by drivers and mitigating safety risks for both drivers and the public involves several key considerations.
    • Drivers have reported that they waste half of their shifts waiting for fares; this is time spent not making any money.
    • In cases when passengers have assaulted drivers, drivers are often only told they will not be matched up with that passenger again.
    • While Uber and Lyft now offer drivers access to phone support, drivers have reported that support representatives rely on the same automated responses.

More support needed

    • While ride-hail apps have put some safety measures into effect to support drivers, more help is needed.
    • Lyft has implemented a mandatory break rule, whereby after using the app for 12 hours, drivers are not able to go online for six hours.
    • The Uber app also reminds drivers to stay within the posted speed limit and to take breaks.

SHAREHOLDER ALERT: Lowey Dannenberg is Investigating Lyft, Inc. for Potential Breaches of Fiduciary Duty by Its Board of Directors

Retrieved on: 
Monday, September 25, 2023

NEW YORK, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating a potential breach of fiduciary duty claim involving the board of directors of Lyft, Inc. (“Lyft” or the “Company”) (NASDAQ: LYFT).

Key Points: 
  • NEW YORK, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating a potential breach of fiduciary duty claim involving the board of directors of Lyft, Inc. (“Lyft” or the “Company”) (NASDAQ: LYFT).
  • If you are a shareholder of Lyft and wish to participate, learn more, or discuss the issues surrounding the investigation, please contact Andrea Farah via email at [email protected] or at (914) 733-7256 or Alesandra Greco at [email protected] or (914) 733-7272.