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Uber, Lyft plans to adjust revenues amidst rising Delta variant in the US

Uber, Lyft plans to adjust revenues amidst rising Delta variant in the US When ride-hailing companies like Uber, Lyft, and others just started to make up for their lost revenue. After having a strong Q2, the increase in Delta Variant complicates their efforts, by increasing uncertainty. As the variant spreads as fast a Chicken Pox, people are avoiding taxis or other kinds of common transportation. Additionally, the companies are focused on luring drivers back with safety measures and other requirements. Image credits- PYMNTS.com Initially during the second quarter, Uber, Lyft was able to lure drivers with incentives. Because the pandemic has cost many jobs, left many people unemployed for a long time as per Analysts at KeyBanc Capital Markets. The data showed that there is an expected price drop of 5.5% in fares to $14.5 as minimum fare.

Nutson s Weekly Auto News Wrap Up July 25-31, 2021

Nutson s Weekly Auto News Wrap Up July 25-31, 2021
theautochannel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theautochannel.com Daily Mail and Mail on Sunday newspapers.

Uber, Lyft seen boosted by return of riders, but driver shortage, stubborn virus cloud outlook

Uber, Lyft seen boosted by return of riders, but driver shortage, stubborn virus cloud outlook
channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.

Uber and Lyft face challenges as they steer back toward profitability

Uber and Lyft face challenges as they steer back toward profitability
autoblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoblog.com Daily Mail and Mail on Sunday newspapers.

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