The number of drivers who have worked for Uber and Lyft is staggering, yet recruiting and retaining drivers remains a challenge
Now that both Uber Technologies Inc. and Lyft Inc. are trading on public markets, the ride-hailing companies are under pressure to achieve years of rapid growth.
First they will have to figure out how to hang onto drivers like Carl Wagoner, a Lexington, Ky., minister and potter who last summer drove for Uber to make extra cash. The gig proved less lucrative than he thought—around $5 an hour after gas, he calculates—given that he avoided the higher-priced, late-night bar crowd. He quit within six weeks.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lyft and Uber are losing money — and face an uphill road to profitabilityLyft and Uber will be fighting for your dollars, but investors will want them to raise prices.
Read more »
Uber and Lyft have made San Francisco’s traffic much worse, study saysRide-hailing services like Uber and Lyft are so popular in San Francisco that they have become the single biggest factor behind the city’s increasingly snarled traffic, according to a new report.
Read more »
Uber, Lyft say they help ease traffic congestion. New study says otherwise.Ride-sharing firms say they help ease traffic congestion. New research says otherwise. - NBCNewsMACH
Read more »
Uber and Lyft drivers strike for better pay: Live updatesUber drivers are walking out to protest their low pay a few days ahead of its Wall Street debut. Uber is expected to raise as much as $10 billion.
Read more »
Lyft shares hit record low, piling pressure on Uber ahead of IPOLyft Inc's stock slumped nearly 11% on Wednesday to a record low after the ...
Read more »
Uber and Lyft are working on self-driving ride-sharing alternatives to human driversAs Lyft and Uber drivers strike over wages and job security, a driverless future rolls on.
Read more »
Uber valued at $82 billion in IPO as market jitters, Lyft woes weighUber Technologies Inc priced its initial public offering on Thursday at the low ...
Read more »
Uber set to debut on NYSE, under pressure to avoid Lyft debacleRide services giant Uber Technologies Inc will begin life as a public company on...
Read more »
Lyft is tanking as Uber gets ready to make its stock-market debutLyft shares were sliding on Friday morning as traders readied for rival Uber's initial public offering.
Read more »