The robot, named Gita, is designed to carry things for its owners and follow them around their neighborhoods or on their errands.
Uber and Lyft are turning to high hourly pay incentives to get drivers to come back to the apps, both companies said in their Q2 earnings calls.
Australian rideshare drivers will miss out on crucial government support as four of Australia’s capital cities face stay at home orders. In Sydney, which faces the longest lockdown, sole traders must turn over more than $75,000 a year in order to be eligible for $5,000 and $10,000 grants. Drivers join […]
Uber is launching a membership service in Australia to provide discounts on its various services. Called Uber Pass, the subscription model launched on Tuesday with plans to roll it out across the country in the coming days. Members will save 10% on rides and be eligible for free food and […]
Drew Wajnert is facing huge medical bills. He blames Lyft's meager insurance. One expert says that's a direct result of Lyft's "gig" business model.
Sydney’s appetite for Uber Eats has far outstripped its demand for Uber’s core rideshare service, the company has revealed. As part of its first quarter financial report, Uber revealed demand for food delivery has spiked worldwide, as pandemic conditions stifle mobility figures. Uber posted quarterly losses of US$359 million before […]
Lyft garnered analyst support after earnings on Wednesday as Wedbush reiterated its "overweight" rating and CFRA Research reiterated its "buy" call.
Passengers are finally returning, but drivers are waiting for better pay among other things. Some are deciding whether they're coming back at all.
"This is likely a temporary situation ... which means that over time earnings will come back to pre-Covid levels," Uber said in a blog post Wednesday.
Uber is curbing California drivers' ability to set prices and see trip destinations in advance, saying too many drivers rejected low-paying rides.
Uber unsuccessfully argued it wasn't responsible for drivers denying rides to the woman and her guide dog because its drivers are contractors.
Another woman seen in the video grabbing the driver's mask and phone said through her lawyer she would be turning herself in.
Lyft stock advanced after the company reported its best week for rides since the COVID-19 pandemic forced lockdowns in the US early last year.
A 2.0% growth in the number of Australian businesses over 2019-2020 was driven by ride share businesses, new ABS data suggests. The transport, postal, and warehousing sector was the fastest-growing for the sixth year running. An increasing number of non-employing businesses also suggests an uptick in independent contractors driving in […]
As contractors, drivers say they can't get companies to provide PPE or pay for the time it takes to clean their cars. A new law could change that.
Investors are looking at Uber and Lyft as early signs of how the economic recovery may take shape. Analysts told Insider the companies’ fates are closely tied to post-pandemic travel and consumer trends. They said Uber and Lyft became much more nimble during the pandemic, but uncertainty remains. Visit the […]
Uber’s after-hours stock movement Wednesday highlighted uncertainty around its Q4 earnings report. Uber beat on earnings but fell short on revenue as food delivery failed to offset ride-hailing losses. Uber must navigate a long list of unknowns to overcome the pandemic and become profitable. Visit the Business section of Insider […]