Uber CEO Dara Khosrowshahi said in a recent email to staff that the company will be “hardcore” about cutting spending on marketing and incentives and will treat hiring new employees as a “privilege.”
Shares of ridesharing giant Lyft plunged 30 percent in intraday trading on Wednesday as investors expect short-term headwinds and surging gas prices to weigh heavily on the company’s performance in the coming months.
Uber is the first ride-sharing service to announce it is lifting its coronavirus mask mandate for drivers and passengers after a federal judge in Florida struck down the order the Joe Biden administration put it into affect in the first days of his presidency, as Breitbart News reported.
The fallout from Will Smith physically assaulting Chris Rock at the Oscars will impact more than just Smith’s Hollywood career. Corporate partners who have allied themselves with Smith and his charitable foundation now face brand safety concerns over the actor’s newly toxic public image.
A Miami Lyft driver was arrested Tuesday for allegedly raping an intoxicated tourist in the back seat of his car early Sunday morning.
Two carjackers were hospitalized Monday after their intended victim, a Lyft driver, proved to be a concealed carry permit holder armed with a handgun.
The Lyft company recorded 4,158 sexual assault cases occurring from 2017 to 2019, its first safety report said.
Over 50 companies signed a letter recently claiming the Texas’ abortion ban threatened the health and economic stability of their employees and customers.
Lyft executive John Zimmer is so opposed to a Texas law to protect the unborn that he is donating $1M to Planned Parenthood.
The general counsel for ride-sharing giant Lyft recently called on other corporations to take a stance against a recent Texas law prohibiting the majority of abortions. According to the executive, woke companies must hold “government accountable and speaks out on important issues.”
Companies Uber and Lyft announced Friday they will cover legal fees for drivers sued under the law prohibiting most abortions in the state of Texas.
A Lyft driver was arrested Tuesday morning after allegedly yanking country singer Clare Dunn from his car and throwing her face-first into the ground and repeatedly leaving her stranded on the side of the road.
Ridesharing giants Uber and Lyft have begun improving the perks that drivers receive amid a shortage of drivers across the United States. One Uber executive made clear the extent of the problems ridesharing companies are having in finding drivers: “This is a moment of deep introspection and reflection for a company like ours to pause and say, ‘How do we make the proposition for drivers more attractive longer term? It is absolutely a reckoning.”
California approved rules last week that require ride services like Uber and Lyft to have 90 precent of its vehicles to be electric by 2030.
The New York Times has outlined how Silicon Valley tech giants are beginning to “reset expectations” for the future of self-driving cars. According to the Times, only the richest companies are still working on the technology and they are expected to “still toil for years on their driverless car projects.”
Former Arizona lawmaker Gabby Giffords launched a new advocacy group Thursday, forging connections with corporations including Dick’s Sporting Goods, Lyft, and Postmates to promote gun control laws.
A mom in New Hampshire was arrested recently for allegedly sending her three-year-old alone in a Lyft ride to daycare.
Shootings in Democrat-controlled Portland, Oregon, are up over 116 percent as compared to shootings in the city during 2019.
Jo Ann Hardesty, the defund-the-police Portland City Council member who called 911 on November 1, 2020, over a Lyft ride, now says she called police because of “white supremacists.”
A Portland, Oregon, city council member who pushed for $18 million in police budget cuts called 911 over a disputed Lyft ride earlier this month.
Ride-sharing apps such as Uber and Lyft are expected to prevail as California counts votes on Proposition 22, a ballot measure supporting the gig economy that exempts drivers for app-based transportation and delivery companies from being classed as employees.
Uber drivers are reportedly suing the ride-sharing firm for allegedly pressuring them to support Prop 22, a ballot initiative to make gig workers independent contractors instead of employees as mandated by a recent state law.
This week, Seattle’s city council passed an ordinance that will require Uber and Lyft to pay their drivers a minimum hourly wage of $16. Lyft has already pushed back at the new policy, claiming that it may force them to lay off 4,000 drivers in Seattle alone.
Uber and Lyft narrowly avoided shutting down their California rideshare services late Thursday after an appeals court granted the companies a last-minute extension in their legal battle against the state over a new law that requires them to reclassify their gig economy drivers as employees.
Uber could shut down services in California as early as Friday as the ridesharing company continues to fight the state over a new law that requires its gig economy drivers to be re-classified as employees. The threat of a stoppage comes after Uber posted a whopping $1.8 billion loss during the second quarter as the Chinese coronavirus pandemic continues to take a financial toll on the company.
Uber claims it may have to temporarily shut down in California after a judge ruled earlier this week that Uber and Lyft must classify their gig drivers as employees.
Uber is handing over contact tracing data to public health authorities to assist in tracking down people suspected of coming in contact with someone who has the Chinese virus, according to a report from Reuters.
Some Lyft drivers are reportedly upset that the ridesharing company is making them purchase their own personal protective gear in the midst of the coronavirus pandemic, saying the company ought to provide PPE for free.
As polls open for the Kentucky primary election on Tuesday, ride-sharing service Lyft has offered free rides to the polls for voters.
According to a recent study analyzing the pricing algorithms of ride-sharing services such as Uber and Lyft, prices for rides to or from non-white areas are higher, leading to accusations of racial bias.
Lyft executives told customers in an email this week that they should be “part of the solution” to the issue of “systemic racism” in the United States. Lyft also announced that it will offer $500,000 in free rides to civil rights organizations that are providing transportation to protest events.
Ride-sharing giant Uber has announced that it will be laying off 3,700 employees, or around 14 percent of its workforce, due to the drop in its business suffered during the Chinese virus pandemic.
In days past, if you were risking your life for low pay, that likely meant you were a soldier. The upside: survival skills, high status, a free college degree, and good benefits. These days, though, you can risk your life for low pay and get none of those benefits, as a member of the pandemic “Gig Economy.”
Rideshare company Lyft said it is laying off 982 employees, or 17 percent of its workforce, and is furloughing hundreds more due to financial pressure from the Chinese virus pandemic.
A recent report from AP News investigates how the Wuhan coronavirus pandemic has forced Silicon Valley’s most popular companies, including Airbnb, to face a number of harsh truths.
In a recent interview, billionaire short-seller Jim Chanos stated that gig economy companies such as Uber will be “harmed, not enhanced” by the Wuhan coronavirus pandemic.
Unemployment benefits will reportedly be extended to groups including gig economy workers like Uber drivers based on a bipartisan deal struck this week.
Ride-sharing giant Uber announced on Tuesday that it would suspend shared rides with strangers on its platform in the United States and Canada to limit the spread of the Wuhan coronavirus.
Investors fear that people will avoid movie theaters, concert venues, and gyms if the coronavirus hits the U.S. hard.
According to a recent study, ride-hailing trips with Uber and Lyft result in an estimated 69 percent more climate pollution on average than the trips they displace.
