We’ve heard that before. 22 exempted app-based drivers and companies. UberBlack provides rides with professional drivers in black town cars for up to four people. Lyft’s app allows for more flexibility and creativity (primarily with 6 destination filter uses) during times of light traffic. Uber and Lyft have long maintained that they are a not taxi companies, but tech platforms matching buyers and sellers of taxi services. U.S. Securities and Exchange Commission. Drivers keep 100% of their tips.ï»¿ï»¿ Also, Lyft passengers can split the cost of a ride with fellow passengers through the app, as long as they do so during the ride and not after. Depending on your location, Uber may be your only taxi alternative option. I assert that Uber and Lyft are virtually identical. Uber serves not only in the United States and Canada but also provides service in many cities worldwide, including those in the European Union, Central and South America, Africa, Asia, Australia, and New Zealand. Money.com. The Washington Post. With Uber, you only get two. Lyft vs. Uber: An Overview Sometimes it's safer or more convenient to leave the driving and traffic headaches to someone else. To fill the company’s void on future guidance, this column addresses the first of four questions Uber should have answered prior to its broken IPO. The problem, … Uber's smaller rival said in a filing that it expected to raise $2 billion in its IPO and would offerÂ 30.8 million shares at $62-$68 per share. Accessed Dec. 3, 2020. Investopedia requires writers to use primary sources to support their work. I think we're just coming at this from radically different backgrounds and we're not talking about the same use cases. But, when it comes to the driver experience, better tips, the arrival button and the destination filters, having … For ease and flexibility and for being able to control what rides you take, you got to give this one to Lyft. Uber is Hitler and Lyft is Stallin. It’s called Dream Force, a huge convention. In the U.S. they instituted a program of driver rewards based on the number of lifetime trips drivers make. Accessed Dec. 3, 2020. While Uber and Lyft, the top two ride-hailing services in the US, may comprise a duopoly the companies shouldn't be valued the same way. Reuters. They’re melding into the same kind of entity. Perhaps this is partially due to the company's smaller size and limited operation sphere. After delays, the company filed final documents to be listed on the New York Stock Exchange (NYSE) using the ticker symbol UBER. I’d say on a weekly basis, when I drive 50 hours a week, it’s like a $100 difference in the amount of tips that I can get driving for Lyft versus driving for Uber. In some cities, Uber does not provide up-front fare estimates but rather calculates the total charge after the ride. In December 2017, the company announced the service was profitableÂ in 40 out of 165 cities in which it operated. Uber uses a light-up Beacon, similar to Lyftâs Amp, to help passengers identify their ride. UberÂ gained a major partnership when McDonald's announced in December 2016 that it would venture into delivery with Uber Eats. UberÂ andÂ LyftÂ both offer innovative alternatives to taxis and long-established private transportation services. Uber is the larger company, with a market cap over $60 billion during the 2020 holiday season versus Lyft’s $8 billion valuation. Uber filed paperwork on Thursday for what is expected to be the biggest public offering of the year. "Lyft to Woo Investors With Fast U.S. Growth in IPO Race With Uber." Uber also sets vehicle requirements and lists several different categories of service. The legality of ridesharing … "Lyft Drivers Call For Investigation Into Alleged 'Wage Theft'." UberX is the basic sedan service for everyday rides for up to four people. Similarity number two is now, the bonuses. Lyft Inc. (LYFT) was launched as a service in 2012. "Lyft Claims It Now Has More Than One-Third of the US Ride-Sharing Market." While Lyft went public as a controlled company, Uber’s shares, by contrast, were listed as widely held stock. You should support your local cab companies and stop letting the rich get richer! Uber has minimum vehicle requirements for drivers in each city. According to CNBC, the offering was expected to be one of the largest of 2019. Interestingly, the service was only available between 9 p.m. and 2 a.m. Taco Mode was expected to be rolled out to all devices in 2018, but many drivers and customers expressed disapproval, both because of issues like messiness in vehicles, as well as a general concern about the companyâs focus on driver satisfaction. These include white papers, government data, original reporting, and interviews with industry experts. So, when you approach your passenger, you can click that you’ve arrived and then see exactly where you’re going. USA Today. 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