Lyft Allows Drivers to Sign Up for Delivery Services to Combat Coronavirus | Financial Buzz

Lyft Allows Drivers to Sign Up for Delivery Services to Combat Coronavirus

Lyft Inc. (NASDAQ: LYFT) Founders John Zimmer and Logan Green said in an email to drivers, “those who would like to help neighbors get to grocery stores, workers to hospitals and caretakers to their jobs” can join a new “LyftUp Driver Task Force.”  The link sends drivers to a sign-up sheet and declared in the email they will contribute their salaries through the end of June to support drivers during the coronavirus.  The company announced collaborations with other companies to give drivers access to temporary work opportunities. 

The coronavirus epidemic has spread all over the world and is a threat to us all.  The elderly with weaker immune systems are more susceptible to get the virus.  Ride hailing drivers have not been as active before the COVID-19 spread.  Drivers polled by Reuters have stated that their income has fallen over 70%. 

CEO of Uber Technologies Inc., Dara Khosrowshahi said to Reuters that business has fallen by 60-70% in areas that have been effected by the virus. 

Shared rides have been suspended on Lyft and Uber platforms within North America as authorities continue to push for social distancing to fight the spread.  New drivers have been halted as there is not enough demand for the current number of ride hailing drivers. 

Drivers that have tested positive for COVID-19 under quarantine by a public health agency will have access to funds set up by the company. 

UberEats is being utilized as more individuals are practicing social distancing.