What Will Happen With Lyft During The 2nd Trump Administration?

What Will Happen With Lyft During The 2nd Trump Administration?

On January 20th, politician, media personality, and businessman Donald Trump was sworn in as the president of the United States for the second time during the inaugural ceremonies held at the U.S. Capitol.

Billionaires in the technology industry, cabinet nominees, and former presidents were all present at the ceremony held in the rotunda of the building.

According to this BBC report, he promises a “golden age” following his inauguration.

For the ridesharing community, particularly with Lyft, how’s their future under the Trump administration? The Ridesharing Forum team examines.

Well, President Trump holds a love-hate relationship with Lyft. To begin with, during this first term, he actually even planned to nominate a Lyft executive to be undersecretary of transportation for policy.

He’s Derek Kan, general manager for Lyft in Southern California. He previously was policy adviser to Senate Republican Leader Mitch McConnell, the husband of Transportation Secretary Elaine Chao. Perfect fit.

That was in 2017. Also during this same year, Lyft reacted negatively to Trump’s travel ban on seven Islamic nations for 90 days due to “national security threats.” They expressed their sentiment by pledging millions of dollars to support the impacted immigrants.

Trump’s ban also constituted disallowing Syrian refugees from entering the United States, denying entry for other refugees for a whopping 120 days.

Two days following Trump’s announcement, Lyft promised to donate $1 million across four years to the American Civil Liberties Union, working then to fight the ban.

But, how about during Trump’s second term, will tides change? Well, from what is happening now, it seems they won’t.

Kalena Thomhave of Capital & Main reported strikes in front of Lyft’s headquarters in San Francisco because of a law that is making ridesharing drivers access ridesharing platforms. Weird, but true.

“In early October, Activate Respect organizers from the campaign’s three sites convened in San Francisco to demonstrate at Lyft and Uber headquarters. In addition to an end to ‘firing by app,’ they want a transparent rider complaint investigation process for drivers nationwide, including’ fair hearings,” Thomhave wrote.

Lyft is one of the most in-demand ride-hailing services in the United States and Canada, encompassing cars, motorized scooters, and bicycles.

According to statistics, Lyft had a 24 percent share of the ride-hailing market in the United States. Furthermore, it has 24.4 million quarterly active riders and more than 500,000 drivers use the Lyft platform every week. No wonder it has amassed a yearly revenue of a whopping $4.4 billion.

To use Lyft, simply download the app, input your destination, and choose your ride type. The Lyft driver will then confirm the trip before picking you up. For drivers who want to be part of the Lyft driving community, simply apply and wait before you get approved.