Image: Lyft
Your Lyft ride could be getting another passenger soon, whether you decide to carpool or not. According to a blog post published Monday, the ridesharing company has created a business unit called Lyft Media that’ll be introducing in-car tablets allowing riders to track their routes, tip and rate drivers, control the music – and, of course, view ads.
🚗📺 More deets… Lyft has been testing the service in Los Angeles in recent months, and expects to offer it across 25% of all rides in LA, Chicago, San Francisco, and D.C. by the end of this year.
Beyond the in-car tablets, the company also plans to offer location- and time-targeted digital ads on top of cars, as well as on digital display panels at bike-share stations in large cities like NYC and San Francisco.
📸 Zoom out: Lyft’s new media venture comes three years after Uber first started selling ads through its Eats app, and later began offering ads within its primary ride-hailing app and atop drivers’ cars. Mark Grether, general manager of Uber advertising, said earlier this year that the company’s ad business could reach $1 billion in revenue by 2024.
💼 But forget firing off into Jobland – we may already be there. According to Labor Department statistics published Friday, the US added 528,000 nonfarm jobs in July, more than twice the number economists had expected.
✈️ The Department of Transportation proposed new rules on Wednesday that would “significantly strengthen” protections for consumers seeking refunds for airline tickets.
⚡️🥤 Pepsi announced a new $550 million investment in energy drink maker Celsius yesterday as part of a long-term distribution deal that gives Pepsi an 8.5% ownership stake.
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