Page 31 - David Risher News Today

The biggest news stories this morning: Samsungs new foldables are tested, Disneys account sharing crackdown and the first all-electric Escalade..

Lyft is trying to curb surge pricing with an increased driver supply, according to CEO David Risher. Risher said on the company earnings call this week that…

Lyft and Uber may be in the early stages of a price war, and investors in money-losing Lyft especially need to be prepared.

So much so that it wants to get rid of it, CEO David Risher said during Lyft’s earnings call on Tuesday. As reported by TechCrunch:

Lyft Cuts Fares to Attract More Riders Lyft has been cutting fares in order to secure more riders, and it’s working. But that success has come with a

LYFT earnings call for the period ending June 30, 2023.

Lyfts Revenue: Under new CEO David Risher, Lyft has lowered ride fares and embarked on an aggressive cost-cutting drive to reduce Ubers growing lead in the North American ride-share market.

While Lyft’s quarterly losses narrowed, its revenue growth was considerably slower than Uber's as it seeks to compete on price.

Lyft shares were falling Wednesday despite the company’s narrower losses. New CEO David Risher is still fighting an uphill battle to convince investors the…

Lyft is slowly killing off surge pricing in an attempt to draw-in more customers. The rideshare company, which calls surge pricing "primetime," is attempting to lower prices to undercut its competitors, chiefly Uber, but it's not totally working. " is a bad form of price raising," said CEO David Risher, via Techcrunch. "It's particularly bad because riders hate it with a fiery passion. And so we're really trying to get rid of it, and because we've got...