You are here

Lyft Is Gaining on Uber in the US as It Spends Big for Growth

Visit many of America’s top landmarks, and amid the crowds of tourists, you’ll find hip, young people in pink, mustache T-shirts. This small army, spread across 20 of the largest US cities, has been out in full force since late last year, handing out $50 Lyft ride vouchers to anyone passing by. For those who happen to miss the street teams, Lyft Inc. has been running giant billboards in Times Square and on bus stops around the country. Once a customer signs up, the company keeps them coming back by…

Read More

Uber, Lyft Hitting Los Angeles’ Taxi Industry Hard

Uber and Lyft are eviscerating the taxi industry in Los Angeles three years after they began operating in the city, officials say. Thanks to the ridesharing services, which enable independent drivers to offer rides via a smartphone application, “taxicab service demand indicators have dropped (total trips and dispatch trips) beginning in the second half of 2013 and increasing through 2015,” according to a report by Department of Transportation seen by AFP on Thursday. The number of taxi trips arranged in advance has dropped 42 percent while the total number of…

Read More