Lyft may be introducing new features to help drivers boost their earnings. Meanwhile, a proposed bill could allow passengers to cancel trips if their Uber or Lyft driver uses a dashcam. DoorDash celebrates its debut on the Fortune 500. We break it all down for you in this week’s newsletter.
Is Lyft Adding New Features to Help Drivers Make More Money? 💸🚗
Source: Show Me The Money Club on YouTube
Lyft is introducing an update that can help drivers increase their earnings by providing tools to plan and optimize their driving strategy. This includes allowing drivers to see ride request wait times, recent ride demand, areas with the most pickups, the positioning of other drivers, and gas station discounts.
- It remains unclear when Lyft will implement this update more broadly.
- These changes are being implemented in response to significant oversaturation on the platform, which has led to decreased earnings for drivers.
- This news is according to screenshots obtained by “Show Me The Money Club,” which can be seen on this week’s show. Make sure to subscribe to our YouTube channel and tune in every Tuesday at 6 PM ET to stay updated on news and strategies that can help boost your bottom line!
Passengers May Soon Be Able To Cancel Trips If An Uber or Lyft Driver Is Using A Dashcam 📷⚖
Source: Bloomberg (via Yahoo! Finance)
Uber and Lyft may have to notify passengers if drivers are using dashcams. Two US senators, Marsha Blackburn (R-TN) and Peter Welch (D-VT), have introduced a bill that addresses growing privacy concerns as more drivers use dash cams for safety and dispute resolution.
- This legislation would also allow customers to opt for a different driver if they prefer not to be recorded.
- The bill must navigate a Senate committee before potentially becoming law, and its future remains uncertain.
- Currently, Uber and Lyft do not require drivers to report dashcam usage, though recording footage can be used for legal and insurance purposes if issues arise.
Only 1 Out of 4 Passengers Leave Tips on Uber and Lyft Rides. Here’s Why. 💵🚗
Source: Business Insider (No Paywall)
A recent Business Insider article delves into the tipping practices of Uber and Lyft riders, revealing a complex landscape where only about 28% of rideshare trips receive tips, according to a data analysis by Gridwise. But why are passengers deciding to skip the tip?
- Some passengers have complained about unprofessional drivers, suggesting that the platforms’ oversaturation with inexperienced drivers may be affecting the customer experience.
- Other passengers have complained about drivers not greeting them or failing to pick them up from the requested location.
- Even when drivers provide decent service, passengers say rising fares have led them to tip less frequently.
DoorDash Is Now A Fortune 500 Company, ~50% of Users Have DashPass. 🍕
Source: Fortune (No Paywall)
DoorDash made its debut on the Fortune 500 at No. 443, with $8.6 billion in revenue and over 37 million monthly active users as of the end of 2023. Now, the company is the top player in the space, with over 60% of the U.S. food-delivery market.
- About half of its users subscribe to DashPass, the company’s subscription service that offers no or low delivery fees.
- The CFO, Ravi Inukonda, emphasized the company’s focus on local commerce, technology, and strong merchant partnerships as the key to the company’s success against competitors.
Want to Make More Money Delivering? Consider Turning Your Bike Into An E-Bike. 🏍
Source: YouTube Shorts
Want to deliver using an e-bike but don’t have the cash to shell out? Got a solid old bike? We might have a solution for you! RSG’s own Chris Gerace recently converted a bike to electric using a kit from Clip. It may be the key to more earnings as a delivery bike driver. Check it out here.
QUICK HITS
💸 A recent NPR story declared rideshare drivers as victorious in their efforts to pass an ordinance aimed at increasing driver pay in Minneapolis. But did drivers truly come out on top?
Share your thoughts by replying to this email, and you might be featured in an upcoming edition of our newsletter. – NPR
⚖ A federal jury in Pennsylvania couldn’t come to an agreement on whether three Uber Black drivers were wrongly labeled as independent contractors. Litigation has spanned more than eight years in the case. – NY POST
Must Listen Or Watch RSG Content
Here are this week’s featured podcast episode and YouTube videos:
- RSG257: Rideshare Insider’s Take on DiDi, Uber and InDrive in Latin America
- Is This Uber’s Next Big Privacy Scandal? | Driver Diary with Sergio
- 3 Strategies To Stop Rideshare Driving From KILLING YOU!
- Say THIS To Uber Passengers To Get MORE Tips
- The Rideshare Guy en Español
- Make sure you Subscribe so you don’t miss out on future conversations and interviews!
