Lyft shares have also risen thanks to a ballot measure that passed in California authorizing transportation and delivery apps to keep treating drivers and delivery workers as independent contractors, not full-time employees. Companies including Lyft,, DoorDash, Instacart and others spent $205 million to get their ballot measure, Prop 22, approved by voters.
Lyft has not fared as well as its chief competitor Uber amid the pandemic in the United States. That's because Lyft never built the food and grocery delivery business that has helped Uber replace revenue lost from decreased travel, commuting and recreation, with deliveries to people who were ordered to or opted to stay home.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
I just don’t care 🤷♀️