Lyft drops price in 33 cities as trips decline over winter
Following in the footsteps of Uber, ride-hailing app Lyft has dropped the price of fares in 33 cities to combat the slower trip traffic in the winter months.
Saudi Prince invests in Lyft, lifting value of the company to $5 billion
Saudi billionaire Prince al-Waleed bin Talal has invested in ride-sharing service Lyft, valuing the company at near $5 billion.
Uber and Lyft denied in bid to have their drivers paid as independent contractors
Both taxi apps Uber and Lyft were denied in their bids to have their drivers as independent contractors rather than employees.