Lyft driver earnings just reached ‘all time highs’ because nobody wants to drive

Now might be the time to get into ride-share driving.

“Earnings are at all time highs” Lyft execs said about driver pay on Tuesday’s earnings call, where ironically the San Francisco-based company’s profits were anything but high for the start of 2021.

There are more riders than drivers on the Lyft app these days, especially as more people received the COVID vaccination and pandemic restrictions started easing up in March and April. Coupled with drivers switching over to food delivery, people requesting trips may have noticed longer wait times to be matched with a ride that costs more than before the pandemic. Read more…

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