Beware: Lyft’s Car Rental Program Is a Sucker’s Bet for Drivers

2019-5-21 05:10

By CCN: One of the earliest scams in the rideshare world was providing cars to drivers who didn’t have one or couldn’t afford one. It was particularly insidious early on because Uber was touting salaries of $96,000 a year for its drivers (which turned out to be nonsense).

Yet the scam never really went away, and it continues to flourish as the Lyft Express Drive program. The Great Lyft Driver Scam The Lyft driver scam goes like this: a person is enticed to drive, having heard that they can earn good hourly pay and work on his own terms. This

The post Beware: Lyft’s Car Rental Program Is a Sucker’s Bet for Drivers appeared first on CCN

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AMA With Origin Team Reveals Plans for Decentralized Sharing Economy

Matt Liu, Josh Fraser and former PayPal head Yu Pan want to bring the blockchain to the sharing economy. The trio is devising a platform with an emphasis on inclusive, peer-to-peer service hubs designed to decentralize the same consumer cost-friendly business models that have made companies like Airbnb, Uber and Lyft so popular in recent years.

2018-8-16 23:25


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Lyft's Loss Could Have Been Worse, Investors Throw the Stock a Lifeline

Lyft delivered second-quarter earnings on Wednesday. Losses were still gigantic although a bit less than expected. The rest of the news was mostly bad but with a few bright points. Let’s parse the most important numbers to see what Lyft is telling us and where the stock may go from here.

Lyft’s Loss Could Have Been Worse, Investors Throw the Stock a Lifeline

Lyft delivered second-quarter earnings on Wednesday. Losses were still gigantic although a bit less than expected. The rest of the news was mostly bad but with a few bright points. Let’s parse the most important numbers to see what Lyft is telling us and where the stock may go from here.

Lyft Conceals Key Data to ‘Avoid Investor Confusion’ as Stock Withers

By CCN: Lyft’s first earnings report was downright ugly, and not just because the company lost $1 billion in a single quarter. Investors expected a less-than-stellar balance sheet, but it was the backhanded slap in the face a company executive delivered to investors that leaves questions about the rideshare darling’s transparency.