• Uber and Lyft shares soar as ride-hailing apps avert Calfornia shutdown

    Uber and Lyft shares soar as ride-hailing apps avert Calfornia shutdown

    Uber and Lyft saw their stocks soar after an eleventh-hour stay allowed the companies to avoid a service shutdown in California. The ride-hail giants were set to suspend service in their largest US market Thursday at midnight after a judge ruled they had violated the state’s Assembly Bill 5, which requires companies to classify their …
  • Lyft to shut down in California by the end of Thursday

    Lyft to shut down in California by the end of Thursday

    Shares of ride-hail giant Lyft plummeted more than 6.5 percent after it announced it will suspend service in California at the end of the day Thursday following a judge’s ruling that it misclassified its drivers. The rideshare company is bowing out of its largest market after a judge ruled it had violated the state’s Assembly …
  • Uber says it can still deliver food in California following ruling

    Uber says it can still deliver food in California following ruling

    Uber said this week it will continue to deliver meals in California even if its ride-hail business is forced to shut down at the end of the week. A spokesperson for the embattled ride-sharing giant — which has seen its business plummet as the COVID-19 pandemic has cratered the demand for transportation — said Monday …
  • Uber says new driver ruling would force it to shut down in California

    Uber says new driver ruling would force it to shut down in California

    Uber would be forced to shut down its ride-hailing operations in California if a court ruling that blocks it from classifying its drivers as independent contractors goes into effect, the company said in a court filing. A California judge on Monday granted the state’s request for a preliminary injunction blocking Uber and rival Lyft from …
  • Uber and Lyft shares sink after judge says drivers are employees

    Uber and Lyft shares sink after judge says drivers are employees

    Shares of Uber and Lyft were down Tuesday morning following a California judge’s order that the ride-hailing giants should classify their drivers as employees instead of as independent contractors. The ruling was a major blow for the tech giants in their largest market. Uber and Lyft have been accused of violating California’s Assembly Bill 5, …
  • Uber’s food delivery business doubles as ride demand crushed amid COVID-19

    Uber’s food delivery business doubles as ride demand crushed amid COVID-19

    Uber Technologies Inc said demand for its food delivery service more than doubled in the second quarter as many users remained largely homebound, while demand for ride-hailing trips was only marginally recovering from pandemic rock bottom. The company said that despite those larger challenges it is sticking to its goal of being profitable on an …
  • Uber offers COVID-19 contact tracing to government

    Uber offers COVID-19 contact tracing to government

    Uber Technologies has quietly launched a service to give public health officials quick access to data on drivers and riders presumed to have come into contact with someone infected with COVID-19, company officials told Reuters. The service, offered free of charge, could help burnish the image of the ride-hailing giant, which recently launched a new …
  • Lyft pledges to have all electric car fleet by 2030

    Lyft pledges to have all electric car fleet by 2030

    Read More: Lyft to cut nearly 1,000 jobs due to coronavirus outbreak California sues Uber, Lyft for classifying drivers as contractors Uber’s Middle East business cuts 31 percent of workforce Uber spent $19 million to aid drivers struggling amid coronavirus
  • Uber rolls out ride-by-hour option in some US cities

    Uber rolls out ride-by-hour option in some US cities

    Uber on Friday said it would offer rides by the hour in some US cities, a feature aimed at helping Americans with essential trips during the coronavirus pandemic. The option, which is already available in a handful of cities in Australia, Africa, Europe and the Middle East, will cost $50 per hour. Fares for regular …
  • Uber spent $19 million to aid drivers struggling amid coronavirus

    Uber spent $19 million to aid drivers struggling amid coronavirus

    Uber Technologies on Thursday for the first time detailed how much it has spent to support its ride-hail drivers and food delivery workers during the coronavirus crisis, which has battered the company and forced it to lay off thousands of employees. The company said in a blog post here it had spent $19 million as …