Lyft

Following in the footsteps of Uber, ride-hailing app Lyft has dropped the price of fares in 33 cities to combat the slower trip traffic in the winter months.

Saudi billionaire Prince al-Waleed bin Talal has invested in ride-sharing service Lyft, valuing the company at near $5 billion.

Both taxi apps Uber and Lyft were denied in their bids to have their drivers as independent contractors rather than employees.