- Lyft Inc's LYFT consumers in Philadelphia, Chicago, and Denver, can avail shared rides from Monday, the company said in a blog.
- Lyft had pulled the shared rides since Mar. 2020 owing to COVID-19.
- Now, it aimed to win back the price-conscious passengers as costs surged due to lower driver supply. The longer the wait, the higher the discounts.
- However, the company mandated wearing masks, and every ride will carry a maximum of two passengers.
- Riders will also have to maintain seating distance and other pandemic protocols.
- Price action: LYFT shares traded lower by 0.02% at $55.83 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in