Tag: lyft
Lime’s valuation, variable costs and diverging categories of on-demand companies
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. We’re wrapping the week with Lime, scooters and the divergence between Uber and Lyft and their two-wheeled rivals. It’s been a hectic year for ride-hailing, but an even more turbulent…
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Gig workers could get unemployment benefits under $2 trillion Senate stimulus bill
The Senate’s historic $2 trillion stimulus package will make history in one more way: by providing some financial assistance to gig workers. Late last night, the Senate passed a $2 trillion stimulus bill in response to the COVID-19 pandemic. As part of the bill, which makes its way to the…
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Stocks blast higher on expectation of sweeping federal action
There are no free market fanatics on corporate boards the moment the economy wobbles. Today makes the point, with stocks shooting higher on the back of news that a sweeping federal package of aid and stimulus should soon pass Congress. The goal of the financial package is to blunt the…
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NYC’s taxi and limo commission is offering gig workers delivery jobs during COVID-19 pandemic
To help gig workers make ends meet during these times of job insecurity amid COVID-19, the New York City Taxi and Limousine Commission is offering gig workers who are licensed with the TLC to help with delivery work. While the demand for drivers is currently small, the TLC says it…
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Stocks broadly fall as Nasdaq dips modestly, SaaS gains on the day
The technology industry’s central role in an American economy shaped by attempts to mitigate the spread of COVID-19 is being reflected in how investors are approaching markets in these turbulent times. As the broader economy stumbles, technology companies and the major exchange they call home seem to be somewhat more…
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Lyft to offer medical supply and meal delivery during coronavirus pandemic
Lyft is expanding the types of services it provides through its on-demand transportation network in an effort to boost efforts to deal with the ongoing COVID-19 pandemic. The company announced that it will be offering delivery of critical medical supplies to individuals who need them during this time, including the…
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