Sentences with phrase «lyft said»

The full launch of Concierge will greatly expand the types of businesses that book rides on behalf of others — going far beyond the original focus on medical appointments, which Lyft said impacted the 3.6 million Americans who struggle with getting rides to doctors.

«We believe our cities need more efficient, affordable transportation options to make car ownership a thing of the past and look forward to continuing to work collaboratively with transit agencies to achieve this goal,» Lyft said in a statement.

In its latest step to capture a bigger share of the business and luxury travel market, ride - sharing company Lyft said it is rolling out a black car service in major cities.

A spokesman for Lyft said New Yorkers deserve to be able to get around the city through a combination of reliable and affordable mass transit and on - demand service options.

At the Robin Hood Investors Conference in New York on Tuesday, Lyft said it expected to generate about $ 1 billion in annualized gross revenue next year, a figure that does not account for the cut of money the drivers take from each transaction.

GM and Lyft said they will work together to develop a network of self - driving cars that riders can call up on - demand, a vision of the future shared by the likes of Uber Chief Executive Officer Travis Kalanick and Google - parent Alphabet Inc..

«Waymo holds today's best self - driving technology, and collaborating with them will accelerate our shared vision of improving lives with the world's best transportation,» a spokeswoman for Lyft said to the New York Times.

Lyft said it was forced to take legal action.

Lyft said it is investigating the matter.

Lyft says it will evaluate its partnership with Didi over the coming weeks.

Both companies claim relatively large percentages of drivers are part - time: Lyft says 80 percent of theirs drive 15 hours or less, while Uber says 60 percent of their drive 10 hours or less.

Though some of the company's drivers work full - time for the service, Lyft says that 80 % of its drivers currently drive 15 hours or less per week.

Drivers for Uber and Lyft say their companies are telling them to ignore regulations.

Uber and Lyft say their services will be «thoroughly» regulated by DMV, which requires them to conduct their own background checks of drivers.

Lyft says it will hold driver recruitment events in Buffalo this week and plans to hold similar job fairs in other cities.

Lyft says it has already recruited thousands of potential drivers ahead of its upstate New York launch later this month.

Uber claims that Lyft investors have told Uber to buy out Lyft because Lyft's business model is unsustainable, while Lyft says those claims are false and that it will continue to take chunks of market share while building a strong community with its customers.

Not exact matches

While Lyft never operated services in China, the complication adds heat to a U.S. market some say is winner - take - all, where one company has a valuation more than 10 times that of the other.

Zimmer says that Lyft's view of self - driving vehicles» immediate future contrasts with ideas of a «magical autonomous car [that] drops out of the sky and does everything,» and also of cars with autonomous software that theoretically improve over time in the model of Tesla's Autopilot.

Lyft also engendered trust with riders, Zimmer says, through background checks of drivers.

Regarding the challenges of Lyft's dwarfed role in a notoriously competitive duopoly, Sundararajan says it's early days yet.

He wouldn't speak to Lyft's specific plans with self - driving technology, but said he envisions the first step for mainstream autonomous rides as fixed routes, similar to bus routes, with restrictions for speed and weather conditions under which the vehicles would operate.

While Lyft is yet to run any sort of public pilot of self - driving technology, the company says it's getting close.

In October Lyft had said that the previous round of funding boosted its valuation to $ 11 billion from $ 7.5 billion.

«We don't want to give Uber and Lyft a heads up,» Evdakov says with a laugh.

Lyft spokesman Adrian Durbin, confirming the funding round, in an e-mailed statement said, «Increasing the potential for this round will allow us to further accelerate our commitment to serving passengers and drivers.»

He also said that the number of requested rides and Lyft's total revenue was five times higher in 2014 than in 2013, however, he did not disclose exact figures, according to the report.

But when you claim that you've «beaten» your main competitor, Lyft, and say that an additional service will be more expensive and you hear that people don't trust you anymore because things keep changing and they can't make rational plans, getting angry and blaming them isn't the solution.

Namely, he said, Lyft is beating Uber at carpooling in San Francisco.

Finding drivers who own a «qualifying» car is the Lyft's biggest obstacle to scaling its business, Zimmer said.

But a spokeswoman did say that the average Lyft driver completes three rides an hour.

Lyft's carpooling service, Lyft Line, accounted for the majority of rides in San Francisco as of the beginning of the year, Green said Monday.

Since GM's driverless cars are years away from hitting the road as part of Lyft's service, the automaker plans to provide short - term car rentals (for a day, week or month) to Lyft drivers in the immediate future, as well as lease financing through its GM Financial arm, said Ammann.

Green said Lyft performs the most stringent background checks on drivers, including DMV records, as well as vehicle inspections.

... It's the costs associated with building and the difficulty in building anything in the Bay Area, particularly in San Francisco,» said Micah Weinberg, president of the Bay Area Council Economic Institute, which counts Adobe, Airbnb, Google, Lyft, and many others in tech among its members.

SoftBank CEO Masayoshi Son's comments on investing in Uber or Lyft come five years too late, says Trip Chowdhry of Global Equities Research.

In the Lyft case, U.S. District Judge Vince Chhabria said in his decision that he's not sure if Lyft drivers fit in either category of California's «outdated» employment codes.

As with Lyft, they shared visions, Ammann said «I agree,» and boom — a big, splashy deal.

(This week: On stage at the TechCrunch Disrupt conference, Uber investor Mike Arrington said Lyft is «annoying» and «constantly whining that you're beating them up» in an interview with Uber CEO Travis Kalanick.)

Lutz says she's seen moms schedule Shuddle rides — which are more expensive than hailing an Uber or Lyft, but of course come with a driver who's been through Shuddle's screening process — for themselves.

Qatalyst chairman Frank Quattrone has contacted companies including large automakers about acquiring a stake in Lyft, the Journal said, citing the people.

Harry Campbell, a part - time Uber and Lyft driver who blogs as The Rideshare Guy, says that he wasn't shocked when Fowler's allegations came out.

Saudi Arabia's Kingdom Holding said on Thursday that it had led a group of investors that bought 5.3 percent of U.S. ride - hailing firm Lyft.

Starting early next month, Lyft drivers also will be able to transfer their fare earnings directly into their bank accounts, rather than wait for payday, Lyft executive Tali Rapaport said at a media event.

«Lyft and Austin are a perfect match and we want to stay in the city,» Lyft spokeswoman Chelsea Wilson said in a prepared statement.

Daily, weekly and monthly car rentals from Hertz are now available as part of a pilot program for Lyft drivers in Las Vegas, said Oliver Hsiang, Lyft's vice president of partnerships.

Lyft and Uber have both in the past said they'd pull out of Austin and other cities that require driver screenings more rigorous than the ones they've enacted.

Lyft Co-founder and President John Zimmer said $ 40 million has been distributed to Lyft drivers in tips since the service began.

Unlike Musk, who says that individuals will own these cars and lease them out to others, Zimmer says Lyft will be the one to own and operate self - driving cars.

Lyft is also partnering with Shell to offer its drivers cheaper gasoline, said David Rust, Lyft's head of operations strategy.