Ride Hailing

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...

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

Sources: Didi prepares to relaunch apps in China, anticipates data probe will end soon

Didi Global is preparing to relaunch its ride-hailing and other apps in China by the end of the year in anticipation that Beijing’s cybersecurity investigation into the compa...

Platform News: Ride-hailing app Uber Technologies

US sues Uber over alleged disability discrimination

The US Justice Department sued Uber Technologies over allegations of overcharging disabled passengers, and asked a federal court to order compliance with an anti-discrimination law...

Platform News: Japan's SoftBank

SoftBank dragged into red by falling Vision Fund valuations

SoftBank Group Corp reported a 397 billion yen (approximately $3.5 billion) net loss for the July-September quarter, dragged down by a $10 billion investment loss at its Vision Fun...

Platform News: Ride-hailing app Uber Technologies

Uber makes first operating profit as driver shortage eases

Uber has reported its first profitable quarter on an adjusted basis since it launched more than a decade ago with its two most important segments, ride-hailing and restaurant deliv...

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

Lyft soars as company charts a path out of the pandemic

Lyft Inc shares soared more than 13% in extended trading after the company reported an adjusted profit for the third quarter and outlined a path to sustained profitability on the b...

Platform News: Ride-hailing app Uber Technologies

Uber could post first adjusted profit this quarter as ride demand returns

Uber could post its first profit on an adjusted basis for the current quarter, reaching the elusive milestone sooner than expected as online food ordering surges and ride bookings ...

Didi V2X

Didi suspends UK launch plans amid China crackdown on tech firms

Chinese ride-hailing giant Didi Global Inc has suspended its plans to launch in Britain and continental Europe, The Telegraph has reported, against the backdrop of a regulatory bac...

Platform News: Ride-hailing app Uber Technologies

Uber posts $509 million adjusted loss on driver incentives even as trips rise

Uber Technologies Inc reported widening losses as it spent more to entice drivers to return to its platform, sending shares of the ride-hail and food delivery company down in after...

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

Argo AI, Ford and Lyft to launch self-driving ride-hail service

Self-driving start-up Argo AI, carmaker Ford Motor Co and ride-hail company Lyft Inc have said they partnered to offer robotaxi trips to Lyft customers in Miami and Austin.

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