An empty Lyft pick-up area is shown as rideshare drivers hold a rally as part of a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers "basic employee rights'', in Los Angeles, California, U.S., August 20, 2020. REUTERS/Mike Blake
Brewer added that an improved mix of airport rides, scheduled rides and priority pickups also helped margin expansion. Lower prices helped Lyft serve 22.4 million active riders, which jumped 10 per cent compared with a year earlier. "We price in line with the market, that's the strategy, pure and simple and we don't see any gigantic price pressure one way or the other over the coming quarter," CEO David Risher told Reuters.
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: