As it speeds toward IPO, Lyft faces a federal lawsuit for disability discrimination
Other ride-hailing apps, such as Juno and Via, have also been called out on this issue in aAlthough there have been some mild efforts made over the last few months to improve accessibility , the progress has been slow.
I have never been able to access a wheelchair accessible Lyft or Uber in the Bay Area, and everybody I know who uses a wheelchair knows these services are not available to us. That needs to change. These companies need to comply with their obligations under the Americans with Disabilities Act.” It used to be much easier to get accessible taxis, but ridesharing companies have put a lot of taxis out of business, including accessible taxis. Meanwhile, we are being totally ignored by these companies that claim they are making transportation more accessible.”As the IPO season comes into full bloom, companies are embarking on the traditional roadshow to meet with investors, which ultimately leads to the pricing of shares.
The two ride-hailing companies have been locked in an ongoing arm-wrestling contest for years, mimicking each other’s moves. What’s surprising here is that neither has taken the opportunity to make their on-demand service truly accessible to people in wheelchairs. As they were prepping for their long-awaited IPOs, either one could have made a major push to dramatically increase their fleets of WAVs in the Bay Area, thereby gaining a competitive edge over the other.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Lyft IPO could be '$1 billion or more' windfall for California's coffers: ex-state treasurerCalifornia could reap a bonanza of '$1 billion or more' in new taxes from the upcoming stock offering of ride-hailing service Lyft, according to former California State Treasurer John Chiang.
और पढो »
Exclusive: Lyft's IPO oversubscribed after two days - sourcesLyft Inc's initial public offering (IPO) is oversubscribed based on commitm...
और पढो »
Ride-hail firm Lyft launches IPO road show in Uber's shadowLyft Inc on Monday kicked off the investor road show for its initial public offe...
और पढो »
Lyft outlines all the reasons ridesharing could fail, in its IPO documentsScooters and bikeshare, self-driving promises and lawsuits requiring better treatment of drivers could all stand in the way.
और पढो »
Lyft gets its first buy rating ahead of IPO that’s expected to price next weekLyft Inc. ‘s initial public offering will give investors their first chance to invest in a ride-sharing service that’s growing fast and capturing significant...
और पढो »
Lyft's IPO oversubscribed on road show's second day: sourcesLyft Inc's initial public offering (IPO) is oversubscribed based on commitm...
और पढो »
Lyft opens up its IPO road show, offers 30 million shares
और पढो »
Lyft to launch road show for up to $2 billion IPO: sourcesRide-hailing platform Lyft Inc will launch the investor road show for its initia...
और पढो »
Lyft Seeks Valuation of Up to $23 Billion in IPOLyft is pegging its valuation at between $21 billion and $23 billion as the ride-hailing service kicks off the roadshow to market its initial public offering Monday.
और पढो »
Lyft sets terms of IPO to raise up to $2.1 billionLyft Inc. set terms of its initial public offering, confirming the ride-hailing service is looking to raise up to $2.09 billion. The company said it offering 30.77 million Class A shares to the public, at an expected price of $62 to $68 a share. After the IPO, Lyft will have 271.37 Class A shares outstanding and 12.78 million Class B shares, holders of which will have 20 votes and can convert them into one Class A share, which was one vote. The Wall Street Journal originally reported the terms of the IPO late Sunday, which pegs Lyft's valuation at between $21 billion to $23 billion. The Class A shares have been approved to list on the Nasdaq Global Select Market under the ticker symbol "LYFT." The lead underwriters are J.P. Morgan, Credit Suisse and Jefferies. In 2018, Lyft recorded a net loss of $911.3 million, or $43.04 a share, after a loss of $688.3 million, or $35.53 a share, in 2017. Revenue more than doubled to $2.16 billion from $1.06 billion. Lyft is going public at a time that the Renaissance IPO ETF has run up 28% over the past three months and the S&P 500 has gained 11%.
और पढो »