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Uber Technologies Inc (NYSE:UBER) And LYFT Inc (NASDAQ:LYFT) Strive To End Driver Shortages By Offering Bonuses

The outbreak of the coronavirus brought Ride-hailing to its knees, and that was back in 2020. LYFT Inc (NASDAQ:LYFT) and Uber Technologies Inc (NYSE:UBER) reported losses, but things seem to be taking a different turn lately. The companies attribute the impressive changes to the government’s vaccination programs in the previous month. Return to normalcy The […]

Uber Technologies Inc (NYSE:UBER) Opens Up About Offering Gig Economy Workers Workplace Pensions

It was sometime back that UK’s Supreme Court considered a case brought before it by 35 Uber Technologies Inc (NYSE:UBER) drivers. The fate of thousands of gig economy workers lay in the hands of the court’s ruling, and that it was a much-awaited ruling. The C court’s ruling favored the drivers who launched complaints about […]

Uber Technologies Inc (NYSE:UBER) Eyeing The Supreme Court Verdict And Its Implications

The Supreme Court will on Friday give its judgment on Uber’s case. It was back in 2016 that 25 Uber drivers filed a suit wanting recognition as workers. A positive outcome from the court would entitle them to holiday pay and minimum wage like the rest of the workforce. The case has been ongoing since […]

Uber Technologies Inc. (NYSE:UBER) Wins Mobile Ad Fraud case Against Phunware For Violation Of Advertising Standards

Uber Technologies Inc. (NYSE:UBER) won a multimillion-dollar lawsuit over mobile ad fraud, and in the process uncovered significant evidence. Uber wins ad fraud case against Phunware  In 2017, mobile advertising firm Phunware Inc. had sued the ride-sharing company for $3 million unpaid invoices. However, Uber counterclaimed against the company accusing the company’s co-founder and CEO […]

Uber Technology Inc. (NYSE:UBER) And Lyft Inc. (NASDAQ:LYFT) Operations In Major Cities Linked To Car Ownership Increase

Uber Technology Inc. (NYSE:UBER) and Lyft Inc. (NASDAQ:LYFT) operations in several urban areas have been associated with an increase in car ownership by 0.7% on average per capita. This is according to research published in the journal of iScience that analyzed data from major cities in the US between 2011 and 2017. Ridesharing linked to […]

Uber Technologies Inc. (NYSE:UBER), And Lyft Inc. (NASDAQ:LYFT) Drivers To Continue Working As Independent Contractors

Uber Technologies Inc. (NYSE:UBER), Lyft Inc. (NASDAQ:LYFT) drivers, and workers of gig economy companies in California will continue to be treated as independent contractors after voters approved Proposition 22. This is a ballot measure allowing companies not to be treated as employees, which voters reportedly passed by 58%. Gig economy workers to continue as independent […]

Uber Eats Overtakes Ride-Sharing As Uber Technologies Inc (NYSE:UBER)’s Leading Source Of Revenue

Uber Eats has overtaken Uber ride-hailing service as Uber Technologies Inc (NYSE:UBER)’s leading source of revenue. According to the company’s 2Q 2020 results, Uber rides registered a whopping 75% drop in gross bookings compared to the same quarter last year. The ride-sharing unit reported $3 billion in revenue. On the other hand, Uber’s delivery unit […]

COVID-19 Pandemic Affected Uber (NYSE:UBER) And Lyft (NASDAQ:LYFT) Drivers Most As Calls For Their Reclassification Grow

Uber Technologies (NYSE:UBER) and Lyft Inc. (NASDAQ:LYFT) drivers have been among the most affected by the pandemic because the stay at home measures has impacted demand for-hire car business. Ridesharing drivers most affected by the pandemic The pandemic has done a lot of damage, which shows there is a need to change and fix relationships […]

GrubHub Inc (NYSE:GRUB) Drops Uber Technologies Inc (NYSE:UBER) In Favor Of Just Eat Takeaway Merger Deal

GrubHub Inc (NYSE:GRUB) has reportedly shunned merger talks with Uber Technologies Inc (NYSE:UBER) and has instead embraced an acquisition deal from a European company called Just Eat Takeaway. Just Eat Takeaway announced on Friday that it struck a strategic $7.3 billion deal to acquire Grubhub. The acquisition will allow the European company to expand its […]

Uber Technologies (NYSE:UBER) In Negotiations To Acquire Grubhub Inc. (NYSE:GRUB) In An All-Stock Deal

Uber Technologies (NYSE:UBER) has reportedly offered to acquire Grubhub Inc. (NYSE:GRUB) in an all-stock deal that could be finalized this month. This is seen as a move that will enhance its food-delivery service despite the company shuttering parts of the service abroad. Grubhub wants 2.15 Ubers shares for each of its shares Sources familiar with […]

Uber Technologies Inc (NYSE:UBER)’s Uber Eats Head – Jason Droege Steps Down: Uber To Focus On Meal Delivery Service Without Spending Much Cash

Uber Technologies Inc (NYSE:UBER)’s Uber Eats Head – Jason Droege will step down because the company focuses on profitable and growing food delivery service business without spending all of the hard-earned money. Founded Uber Eats The uber executive Jason has established Uber Eats in December 2015. It has grown to become the second revenue earning […]

Uber Technologies Inc (NYSE:UBER) Claims To Have Taken Over Market Leadership In India

Uber Technologies Inc (NYSE:UBER) has today reported that it is performing quite well in India’s ride-hailing market. The business guru outlined that it had taken over almost 50% of the ride-hailing market in the country. This company outlined that it was also showcasing outstanding performance in other regions as well. Uber speaks out on its […]

Uber Technologies Inc. (NYSE:UBER) Introduces New feature That Let California Drivers To Set Fares

Uber Technologies Inc. (NYSE:UBER) is piloting a new feature in California, which will give drivers the ability to determine their fares. This is one of the latest moves by the company to ensure drivers are given more autonomy in the wake of the recently introduced gig-economy law in the state. Uber piloting feature at the […]

Uber Technologies (NYSE:UBER) Sells Its Uber Eats Segment In India To Zomato For $172 Million

Uber Technologies (NYSE:UBER) has agreed to sell its food delivery business, Uber Eats, in India to Zomato $172 million deal. This underscores the taxi-hailing company’s determination to cut on loss-making operations that have a struggle against the competition. In recent years Uber has offloaded orations in China, Russia, and South. Uber to receive a 9.9% […]

Uber Technologies Inc (NYSE:UBER) Abides To New AB5 Law In California: Uber Users Need To Pay Computed Price At the End Of The Trip

Uber Technologies Inc (NYSE:UBER) has announced an end to price protection for the trip and making changes to the App adhering to the new law – AB5 in California. As per the new law, the users need to pay the final calculated price at the end of the trip than the estimated price. Californian authorities […]