Aug.20 — Hours before Lyft Inc. and Uber Technologies Inc. were planning to suspend services in their home state of California, a state court gave them a reprieve. Catherine Fisk, law professor at University of California at Berkeley, discusses the latest developments on “Bloomberg Technology.”
In This Story: California
California, a western U.S. state, stretches from the Mexican border along the Pacific for nearly 900 miles. Its terrain includes cliff-lined beaches, redwood forest, the Sierra Nevada Mountains, Central Valley farmland and the Mojave Desert. The city of Los Angeles is the seat of the Hollywood entertainment industry. Hilly San Francisco is known for the Golden Gate Bridge, Alcatraz Island and cable cars.
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In This Story: Lyft
Lyft, Inc. is an American company that develops, markets, and operates a mobile app, offering ride-hailing, vehicles for hire, motorized scooters, a bicycle-sharing system, rental cars, and food delivery. It is based in San Francisco, California and operates in 644 cities in the United States and 12 cities in Canada.
Stock ticker: (Nasdaq: LYFT)