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Lyft Posts Losses Despite Revenue Growth, Improves Outlook

NEW YORK — Lyft continued to bleed money in its second quarter but says it expects to stem some of those losses, raising its outlook for 2019. The ride-hailing company on Wednesday posted revenue of $867.3 million, up 72% from the same time last year. But the San Francisco-based company...

Slaying Puts Focus on Ride-Hailing Safety, Fake Drivers

CHICAGO — Whenever Rachel Orden calls for an Uber, the 20-year-old Michigan State University sophomore immediately walks to the back of the vehicle to check the license plate number, then opens the door and waits for the driver to say her name before getting in. Even then, she devises a...

How Uber & Lyft Can Boost Public Transit Instead of Killing It

Over the last half-decade, public transit ridership declined nationwide. The number of vehicle miles traveled in cars is rising, and traffic congestion is getting worse in many U.S. cities. At the same time, the century-old taxi industry is struggling, with many taxi companies going bankrupt. Are ride-hailing companies such as...