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.

Platform Industry News: Ride-sharing driver

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 app-based delivery

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...

Just Eat

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...

Platform Industry: CEO of the ride-sharing company Uber Technologies

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...

Platform News: Ride-hailing app Uber Technologies

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

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...

Chinese Flag

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 ...

Platform Industry: CEO of the ride-sharing company Uber Technologies

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...

Deliveroo

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...

Deliveroo

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 ...

Platform News: Didi

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...

Platform News: Lyft ride-hailing app is part of the sharing economy

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.

Platform News: Ride-hailing app Uber Technologies

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.

Platform News: Didi

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...

Alibaba Office Building

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...