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Oracle Corp’s (NYSE: ORCL)...

Oracle Corp (NYSE: ORCL) falls down to its knees, share dropped over 12.15%...

RTX Corp (NYSE: RTX)...

RTX Corp (NYSE: RTX) experienced a notable decline of -7.22%, amounting to $6.03...

GameStop Corp. (NYSE:GME) Quarter...

GameStop Corp. (NYSE: GME) to announce its second quarter fiscal 2023 results after...

Advanced Micro Devices (NASDAQ:AMD)...

Shares of Advanced Micro Devices (NASDAQ:AMD) drops 0.38% in afterhours in last trading...
HomeWorldLyft, Inc. (NASDAQ:...

Lyft, Inc. (NASDAQ: LYFT) May Able to Lure Drives Through New Pay Algorithm

Lyft, Inc. (NASDAQ: LYFT) moves down 4.12% to $11.41 in before opening session as the firm reported that it tested an earnings algorithm in 18 U.S. locations, letting drivers to examine destination and pay data before accepting a request. Drivers may now check ride information and how much they’ll earn before taking a ride with upfront pay. Trip specifics, including as pickup and drop-off locations, expected time and distance to finish the journey, and a map view of the whole route and the price, will be available ,

Before taking a trip, Lyft drivers will have access to information such as drop-off locations, anticipated distance and duration, and fare details. The business intends to expand this service to more locations by 2022. It is also investing in testing filters that will let drivers to define a desired driving radius and chose their trip. Drivers for ride-hailing companies have long complained about rising fuel and maintenance expenses and have wanted access to such information.

Lyft President John Zimmer stated that over time, they’ll develop Upfront Pay to incorporate bonuses and incentives.

Meanwhile, drivers have criticized Uber’s upfront payment scheme. According to Jude Wolfe, a California-based driver, Uber is collecting a larger share of drivers’ profits, causing many to resign and pushing others to travel vast distances for pick-ups at a time when gas prices are already high.

Lyft says a poll of over 1,000 drivers revealed that more than 70% preferred the upfront pay model to prior compensation methods as it prepares to launch “without limits.”

Oracle Corp’s (NYSE: ORCL) Cloud Business Faces Headwinds: What Lies Ahead

Oracle Corp (NYSE: ORCL) falls down to its knees, share dropped over 12.15% or $15.21 to trade at $111.50 in pre trading session on...

RTX Corp (NYSE: RTX) Updates 2023-2025 Outlook amid Engine Part Challenge

RTX Corp (NYSE: RTX) experienced a notable decline of -7.22%, amounting to $6.03 per share, bringing its current trading price to $77.45. The company,...

GameStop Corp. (NYSE:GME) Quarter Report: Resilience amidst Market Turbulence

GameStop Corp. (NYSE: GME) to announce its second quarter fiscal 2023 results after the market closes today. Shares were slightly down in the pre-trading...

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C3.ai Inc. (NYSE: AI) Short Seller Accuses Company of ‘Highly Aggressive Accounting’

Shares of C3.ai Inc. (NYSE: AI) inches down in pre trading session on Thursday as Kerrisdale Capital, a short seller, claimed that the business software firm has "severe accounting and transparency concerns." In a letter to Deloitte & Touche LLP,...

Walmart Inc. (NYSE: WMT) Aims to Cut 2,000 Workers at Five US E-Commerce Facilities

Walmart Inc. (NYSE: WMT) inches down in early trading session on Tuesday as the company would eliminate more than 2,000 workers at five US e-commerce facilities, as per Bloomberg. According to the report, which used regulatory filings, the layoffs...

BlackBerry Limited (NYSE: BB) Declares $900M Patent Sale to Malikie Innovations

BlackBerry Limited (NYSE: BB) drops around 2% in pre session on Monday as the business recently announced a new patent sale agreement for up to $900 million with Malikie Innovations Ltd, a division of the industry's top patent monetization...

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