Why Uber, Lyft's Rides Continue To Pinch?

Item Type Web Page URL https://finance.yahoo.com/news/why-uber-lyfts-rides-continue-233417610.html Accessed 2021-11-03 00:42:00 Language en-US Abstract Americans hailing an Uber Technologies (NYSE: UBER) or a Lyft Inc (NASDAQ: LYFT) ride still face high prices due to a crisis of drivers, the Wall Street Journal reports. Both companies report Q3 results next week and will likely address the labor crisis and price surge. The sloth in the return of ride-hailing companies' drivers despite the expiry of the federal unemployment perks triggered the crisis leading to the fare upsurge. The drivers are earning more, and riders are bearing the inflated p