Sharing Economy News
Our latest news coverage of the sharing economy, from on-demand transportation and accommodation, through to personal services and peer-to-peer finance.
Uber revamps driver pay algorithm in large US pilot to attract drivers
Uber is testing a new driver earnings algorithm in 24 US cities that allows drivers to see pay and destinations before accepting a trip and raises the incentives for drivers to tak...
DoorDash surges on revenue beat, stand out among pandemic darlings
Shares of DoorDash Inc have surged some 16.5% after the food-delivery company beat estimates for quarterly revenue, a rare bright spot among stay-at-home darlings that have seen th...
Takeaway.com CEO: US delisting does not indicate plan to sell Grubhub
Just Eat Takeaway.com CEO Jitse Groen has said the company’s decision to de-list its shares from the Nasdaq stock exchange should not be taken as an indication of plans to se...
Uber 2024 profit forecast falls short of expectations, shares drop
Uber laid out a $5 billion operating profit for 2024 that fell short of analyst estimates, sending its shares down 4% on Thursday, even as the ride-hailing company revealed several...
Uber posts profit as ride demand recovers, delivery remains strong
Uber Technologies has reported its second quarterly operating profit as demand for its ride-hailing service approached pre-pandemic levels and its food delivery business turned pro...
Deliveroo reports 36% rise in gross value of Q4 orders
Food delivery company Deliveroo said the gross transaction value (GTV) of orders on its platform rose 36% year-on-year in the fourth quarter, resulting in it hitting the top of its...
China cyberspace regulator drafts new rules for internet behemoths
China’s cyberspace regulator has drafted new guidelines that will require the country’s internet behemoths to obtain its approval before they undertake any investments ...
Uber looking to sell Didi, China market has little transparency, CEO says
Uber Technologies Inc is looking to sell stakes in non-strategic assets including its holding in Beijing-based Didi Global Inc, its CEO has said, who also described the China marke...
EU targets Uber, Deliveroo model with gig workers’ rights plan
The European Commission announced draft rules to give many drivers for online firms such as Uber and Deliveroo employee benefits, a move labour unions say is overdue but some compa...
Uber and Deliveroo could be hit by draft EU rules for gig workers
Uber, Deliveroo and other online platform companies may have to reclassify some of their workers as employees under draft EU rules meant to boost their social rights, according to ...
Didi’s New York exit a further blow to Chinese listings in US
Ride-hailing giant Didi Global’s plan to withdraw from the New York stock exchange may create an even deeper chill after this year’s drop-off in Chinese firms’ li...
Lyft names Amazon Studio’s Elaine Paul as CFO
Ride hailing firm Lyft Inc has named Amazon.com Inc’s executive Elaine Paul as its new CFO, replacing Brian Roberts who is stepping down after seven years in the role.
Uber to allow users to book rides via WhatsApp in India
US ride-hailing giant Uber Technologies has said it would roll out a feature that will allow users in India to book rides via messaging service WhatsApp.
Beijing presses Didi to delist from US over data security fears
Chinese regulators have pressed top executives of ride hailing giant Didi to devise a plan to delist from the NYSE due to concerns about data security, two people with knowledge of...
China fines tech giants for failing to report 43 old deals
China’s market regulator said it was fining companies including Alibaba, Baidu and JD.com for failing to declare 43 deals that date as far back as 2012 to authorities, saying...