Lyft to ‘open up a can of whoop ass’ on surge pricing

Quick Summary:

Ride-hail giant Lyft will pilot a new feature called Price Lock that will let a rider purchase a monthly subscription "that caps the price for a specific route at a specific time,” according to CEO David Risher.

Over the past year, Lyft has made a concerted effort to reduce the number of rides impacted by surge pricing.

Screenshot of Lyft’s new Price Lock feature to combat surge pricing.

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Article Details

Author / Journalist: Rebecca Bellan

Category: Technology

Markets: United StatesCanadaIrelandMaliSingapore

Topics: Transportation Ridehail Price lock Lyft Lyft earnings

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 13:09:07 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1116 words

Reading Time: 7 minutes read

Sentences: 46 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 21970513

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