Ride share prices for Uber, Lyft continue to spike nationwide amid driver shortage, high demand

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Ride share prices for Uber, Lyft continue to spike nationwide amid driver shortage, high demand

foxbusiness2021-06-11

Hailing arideis becoming increasingly expensive for consumers. As ride-share companies likeUberandLyftcombat driver shortages, prices for rides have spiked 40% nationwide, according to data from ...

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Comment（38）

LplMichelle
·2021-06-11
Great
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Liha
·2021-06-11
Wowwww
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dandan_4896
·2021-06-11
Keep inovating and progress ?
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1
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- Boazz:
  Huat
  2021-06-13
  Reply
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Jeffgoh
·2021-06-11
Wow.. greater profits
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- dandan_4896:
  love u jeff
  2021-06-11
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Qcumber
·2021-06-11
Woww cool
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1
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- nigelquek:
  Great
  2021-06-23
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- dandan_4896:
  Keep inovating and progress ?
  2021-06-11
  Reply
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Jonhuatah
·2021-06-11
Nice
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Veldora
·2021-06-11
How is that possible?
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- dandan_4896:
  i love u
  2021-06-11
  Reply
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ppp00
·2021-06-11
Please help to like
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3
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- Skygeemusic:
  Like and commented :)
  2021-06-11
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- LplMichelle:
  great
  2021-06-11
  Reply
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duhduhduh
·2021-06-11
Serious?
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2
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- BLMJ:
  Yeah
  2021-06-11
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AMN3236
·2021-06-11
good
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2
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- AxThePro:
  Agreed.
  2021-06-11
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Malaranger
·2021-06-11
Comment
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- KingKong88:
  [OK] pls respond back
  2021-06-11
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- coffeeteaboyReplying toOldCat:
  Like and comment
  2021-06-11
  Reply
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- OldCat:
  Done. please reply back too
  2021-06-11
  Reply
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CJx05
·2021-06-11
Comment
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4
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- szueyann:
  ok
  2021-06-11
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- Malaranger:
  Comment
  2021-06-11
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jj266
·2021-06-11
Nice
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1
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- StansenSG:
  Like
  2021-06-11
  Reply
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OO_898
·2021-06-11
Nice
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2
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MrWondeful
·2021-06-11
Like and comment
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3
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- coffeeteaboy:
  Like and comment
  2021-06-11
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- FlyHighFly:
  Ok. here u go
  2021-06-11
  Reply
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SiniS
·2021-06-11
Comment pls. Thx
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1
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- SiniS:
  Thx
  2021-06-12
  Reply
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- SiniS:
  Done
  2021-06-11
  Reply
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- MrWondeful:
  LIke and clmment
  2021-06-11
  Reply
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SirBahamut
·2021-06-11
Buy uber?
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- WCS1981:
  Ya but abit expensive now
  2021-06-11
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kcdc86
·2021-06-11
Like n comment pls.. Thanks..
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- SirBahamut:
  Help me too pls
  2021-06-11
  Reply
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- SiniS:
  Done, pls reply back too. Thx
  2021-06-11
  Reply
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VanPassio
·2021-06-11
??
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1
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Evxn
·2021-06-11
Nice
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The surge is hitting big cities like New York, Los Angeles and Chicago especially hard.\nIndustry analysts say with the economy rebounding and travel and hospitality seeing increased demand, more consumers are once again relying on ride-hailing apps at higher rates.\n\"The rise in prices is a classic case of supply and demand. Activities, events and restaurants are opening back up, and people are seeking ride-sharing services at a scale we haven’t seen since before the pandemic,\" Rakuten Intelligence, Vice President of Insights and Analytics David Gill told FOX Business in a statement.\nDrivers, meanwhile, have sought out other avenues for gig work during the pandemic to stay afloat amid slow times. At the height of COVID-19, many drivers faced unsteady earnings with one driver saying he was making just $2.50 an hour due to lack of demand compared to the $200 an hour they were making before the pandemic,Business Insiderreported in April.\n\"A lot of drivers shifted their attention to other gig-work during the pandemic to keep money coming in at a time when rides were down, and they haven’t returned at the volume needed to keep up with the new demand. We’re seeing ride-sharing companies invest in incentivizing new drivers, so we’ll see this even out, but it might be weeks or even months before we get there,\" Gill explained.\nIndeed, Uber announced in April it was launching a $250 million stimulus to boost earnings for drivers as a way to incentivize workers amid the shortages. The stimulus will go directly to drivers who start driving again and new drivers, the company said.\nLyft is also focused on increasing the number of drivers on its platform to meet the higher demand noting that drivers going through the new hire process for the company were up by more than 25% from the end of February, the company reported said on its May 4 earnings 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inovating and progress ?","listText":"Keep inovating and progress ?","text":"Keep inovating and progress 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inovating and progress ?","text":"Keep inovating and progress ?","html":"Keep inovating and progress ?"}],"langContent":"EN"},{"id":181630320,"gmtCreate":1623388658460,"gmtModify":1704202315366,"author":{"id":"3581969780023175","authorId":"3581969780023175","name":"Jonhuatah","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3581969780023175","idStr":"3581969780023175"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181630320","repostId":1117902875,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":181692590,"gmtCreate":1623388444510,"gmtModify":1704202308377,"author":{"id":"3580473686930895","authorId":"3580473686930895","name":"Veldora","avatar":"https://static.tigerbbs.com/2c60768e017f3418615cd7dea3a291ec","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3580473686930895","idStr":"3580473686930895"},"htmlText":"How 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