Uber And Lyft Don’t Have Enough Drivers. Now They’re Paying Them To Get On The App.

SourceForbes
SectorEconomy
CountryGulf

Share to Linkedin Uber and Lyft are offering cash incentives to lure drivers back on the road as both companies face severe driver shortages and demand for rides has started to rise again after a long pandemic dip. In this July 15, 2015 file photo, an Uber driver sits in his car near the San Francisco ... [+] International Airport. Uber announced Wednesday it will distribute a $250 million "stimulus" fund over the next few months to both new and returning drivers in the form of temporary incentives and guarantees, such as offering $1100 for completing 115 trips in Austin.

Lyft is offering bonuses of up to $800 for referring former drivers back to the app. As vaccination rates increase and areas of the U. S. start to reopen, customer spending on ride-hailing apps is inching up again after demand dropped off during the pandemic, according to the Financial Times, citing data from market research firm Edison Trends—but drivers haven't...read more...