Ride-sharing

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...

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...

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...

Platform News: Uber Technologies app

Uber introduces revamped shared rides offer in the US

Uber Technologies Inc has said it was resuming shared rides, which were scrapped during the pandemic, detailing a revamped offer aimed at reducing the previously high losses in the...

Waymo

Cruise and Waymo win permits to offer self-driving rides in California

General Motors Co’s Cruise and Alphabet Inc’s Waymo self-driving car subsidiaries on Thursday became the first companies to receive autonomous vehicle permits to offer ...

Platform News: Ride-hailing app Uber Technologies

Uber temporarily suspends Brussels service in first for Europe

Uber Technologies Inc joined a protest of its drivers in Brussels with an unprecedented suspension of its service in the Belgian capital.

Platform News: Uber Technologies app

Uber proposes industry-wide gig worker benefits model in Canada

Uber Technologies Inc has proposed a plan for a flexible benefits fund for app-based ride-hail and food delivery drivers in Canada under which all gig industry players would share ...

Didi V2X

China’s Didi improves pay transparency for drivers

Didi Global Inc has said it will provide its drivers in several Chinese cities with more details on the fees they receive, the first big move by the ride-hailing giant after state ...

Platform News: US ride-hailing services Lyft and Uber

Uber and Lyft take different spending routes in race to add drivers

A return to business as usual for Uber Technologies Inc and its rival Lyft Inc has thrown up a new challenge to the ride-hailing firms looking for profitability – spend more ...

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

Lyft posts adjusted profit ahead of target, but warns of driver shortage, Delta threat

Lyft Inc has posted an adjusted quarterly profit three months ahead of target, seizing on a leaner cost structure as rides rebounded, but it warned of ongoing driver shortages and ...

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

Lyft sees sustained profit starting in third quarter on cost cuts, demand rebound

Ride-sharing challenger Lyft has surprised Wall Street with significantly lower losses than expected and said it would deliver dependable profit on an adjusted basis beginning in t...

Platform News: Ride-hailing app Uber Technologies

Uber app to enable US users to book vaccines and rental cars

Uber Technologies has said it is launching new features in its app to allow US customers to book COVID-19 vaccine appointments and reserve rental cars.

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

Uber’s UK driver benefits highlight broader gig-worker challenges

Uber’s proposal to expand benefits to UK drivers following a court defeat last month has not put an end to the fight for better gig-worker pay in Britain and around the world...

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

Lyft focuses on OAP’s with feature to book rides by call

North American ride sharer, Lyft has introduced a service that would let users request a ride by call, without needing the app, in a bid to make its ride-hailing service more conve...