Uber Technologies Inc (NYSE:UBER) And LYFT Inc (NASDAQ:LYFT) Expects To Resume Ride Share Service With COVID-19 Related Restrictions Easing And Customers Begins Travel

The rideshare companies Uber Technologies Inc (NYSE:UBER) and LYFT Inc (NASDAQ:LYFT) will resume regular services with customers to begin travel amid easing COVID-19 related restrictions. Demand for travel increases The growing demand for travel augurs well for ridesharing companies.  The gig business model also received political support in California. However, the company that depends on […]

Uber (NYSE:UBER) And Postmates Goes To Court To Block Controversial Gig-Worker Legislation

Uber Technologies (NYSE:UBER) and Postmates have filed a suit against the state of California regarding its controversial “gig worker” bill. Uber oppose gig worker law The controversial law reclassifies most contracts workers as employees instead of independent contractors. The law which targets app-based firms such as Uber and Lyft (NASDAQ: LYFT) requires the companies to […]