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Lyft is Bringing Back a Version of Shared Rides

CNN | July 18, 2021 6:15 pm
(WTTW News)
(CNN) — Shared rides were a key part of how the founders of Uber and Lyft envisioned disrupting transportation. Back in 2014, the companies raced each other to be first to announce their carpooling options, with the promise of creating a more efficient service that’s also more affordable for riders.
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Then the pandemic hit, and the companies swiftly suspended their shared offerings to help curb the spread of COVID-19.
Roughly 16 months later, Lyft is now slowly bringing back a revamped shared rides option. But as it does, it must confront shifting public health concerns as well as financial risks that predated the pandemic. (When asked by CNN Business about its plans for shared rides in the U.S., an Uber spokesperson said the company will “explore re-launching Pool when the time is right and will follow the guidance of health experts.”)

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Lyft is bringing back a version of shared rides

Lyft is bringing back a version of shared rides
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UberPool Ultra Cheap Shared Rides Are Not Coming Back After Pandemic

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Company is debating the future of its shared ride service after suspending it when Covid-19 hit
When it returns, UberPool will be almost unrecognizable, with no big discounts and limited routes
Uber was once burning almost $1 billion a year on UberPool, while CEO targets profitability now
The fate of Uber's popular shared ride service, UberPool, is in the balance and even after the pandemic subsides the product will be a shadow of its former self, according to people familiar with the matter.
The offering, which put different riders heading to similar destinations in the same vehicle, was a foundational part of the sharing economy. It also represented at least a tenth of all trips globally—sometimes far more. But hundreds of millions of dollars in annual losses and over a year of social distancing have left UberPool's future in doubt, the people said. They asked not to be identified discussing private deliberations.

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Detailed text transcripts for TV channel - FOXNEWS - 20180222:10:24:00

chairman keith ellison. the navy offering new incentives hoping to meet fleet demands and reduce the amount of over-worked sailors. first term service members are now allowed to bring their families overseas if they stay longer on tour in japan, guam or in spain. sailors can extend their tours in exchange for preferred housing and guaranteed shore duty at their next post. a fox business alert. your favorite ride-hailing service is getting cheaper but as always, there is a catch. >> tracy karosko is here with a new program that uber is rolling out. >> reporter: uber is rolling out something called express pool. think of it like riding a bus. you'll tyou'll have to walk to p location and the driver will drop you off somewhere near your destination. there will also be other people in the car. it is 75% cheaper than a regular

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