- Lyft Inc LYFT suspended its surge pricing citywide on April 12 after the horrific subway attack that injured at least 29 people, the New York Post reports.
- Larger rival Uber Technologies Inc UBER restricted its suspension of demand-based rates to Brooklyn, where the shooting occurred.
- The shooting, around 8:30 a.m, had snapped train service across the city for hours.
- Both Uber and Lyft initially appeared to implement surge pricing for at least some customers in the area after the attack.
- The companies agreed to refund the riders for the excess charge amid the crisis.
- In 2017, both apps had coughed up refunds to riders for alleged surge pricing following the blast near the Port Authority in Midtown Manhattan.
- Price Action: UBER shares traded higher by 2.24% at $32.72 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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