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The ride-hailing market has largely been a duopoly between Lyft and Uber in the United States, with the former that owns a roughly 30% market share locked in a fierce competition with the rival for riders as well as drivers.
Lyft is ensuring drivers don't fall below a certain benchmark when it comes to what they earn each week after extra fees are taken out like taxes and insurance.
Lyft announced steps Tuesday to address longstanding driver concerns, including an assurance that all drivers receive at least a 70% cut of their riders’ fares each week after taxes and other non-company fees.
Lyft said it has made several improvements for drivers in its latest product update, the Early 2024 Release. The rideshare platform’s latest release addresses…
Hotlink]Lyft commands 30-something percent of the U.S. ride-share market; Uber dominates the rest. Lyft is focused solely on ride-sharing in North America,…