Sentences with phrase «rival company lyft»

Rival company Lyft in a statement said it paused operations Monday.

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Ride - sharing company Lyft has expanded its operations in the United States by more than 50 % in the past eight months, taking advantage of problems at rival company Uber to capture new market share.

Among the most notable companies that reacted to the order Monday were ride - hailing rivals Uber and Lyft.

Lyft, in the meantime, benefits from a major company with easy access to cash as well as a global footprint — the very resources the startup needs if it hopes to compete with rival service Uber.

He noted that Lyft has filed a lawsuit against its former COO Travis VanderZanden, who joined Uber and allegedly took confidential internal documents to the rival company.

While it would in theory allow it to hire more drivers including applicants it previously rejected, and therefore continue to compete with taxis and rival Lyft, the company told the Journal that it would only affect a small number of applicants.

Uber's chief rival in the U.S. market, Lyft, struck a deal with Didi Kuaidi earlier this year that allows each company to serve the other's customers.

Companies like Uber and its rival Lyft, and Instacart, a grocery delivery service, have long faced questions about whether they are creating the right kind of employment opportunities for both the economy and for workers.

Soon after, the company began ceding its marketshare to rival Lyft.

Uber CEO Travis Kalanick as well as leaders of companies such as Ford, BMW, Google and ride - sharing rival Lyft have cited 2021 as a date when self - driving cars could constitute the bulk of vehicles in urban centers.

Now it's putting a big chunk of money into Uber's chief U.S. rival, Lyft, leading a $ 1 billion financing round in the ride - hail company via its growth investment arm, CapitalG.

The company saw some 400,000 account deletions, while rival Lyft saw a 60 percent increase in new users, Lyft head of product Taggart Matthiessen told Recode.

The move benefitted rival ride - hailing firms like Lyft as well, but Uber has seen its presence expand at the state Capitol in recent years amid disputes with Mayor Bill de Blasio's administration as well as controversies surrounding the company.

Uber CEO Travis Kalanick acknowledged he tried to torpedo the funding efforts of his company's biggest rival, Lyft.