After enduring the pandemic, ride-share companies like Uber and Lyft are now facing a new world of high inflation, driver shortages, and dwindling passenger numbers. WSJ’s George Downs explains what they are doing to try to survive. Illustration: George DownsCalifornia voters rejected a ballot measure that sought to tax the state’s rich for
its planned transition to electric vehicles and other green initiatives, dealing a blow to ride-hailing company Lyft Inc. and the environmental groups that had backed the proposition., around 59% of the vote was against the proposal and 41% was in favor as of Wednesday morning. The Associated Press projected it would be rejected.
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