Sharing Economy
Takeaway.com posts operating loss of $224 million, sees improvement in second half
App-based delivery giant Just Eat Takeaway.com has reported a better-than-expected operating loss of 190 million euros (approximately $224 million) for the first half of 2021.
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 ...
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 ...
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...
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 ...
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.
Instacart taps Facebook app head Simo as CEO
Instacart named Facebook Inc app head Fidji Simo as its CEO, adding big tech expertise ahead of an expected stock market listing by the US grocery delivery platform.
What is driving China’s clampdown on Didi and data security?
China’s cyberspace regulator has launched a probe into ride-hailing giant Didi Global, calling for it to stop adding new users and for app stores to remove it, days after it ...
Didi cybersecurity probe blindsides shareholders days after debut
Chinese regulators have gained a reputation for aggressive action, but even hardened investors were shocked by the announcement of a probe into ride-hailing firm Didi just two days...
Didi app takedown may hit revenue, other US-listed Chinese firms probed
Ride-hailing giant Didi Global Inc said a regulatory order that its app be removed from app stores in China could hurt revenue, while other newly US-listed Chinese firms also found...
How do ride-hailing giants Didi and Uber compare?
Chinese ride-hailing giant Didi Global is set to make its trading debut on the New York Stock Exchange after an IPO that sources said raised $4.4 billion, valuing it at $67.5 billi...
China’s Didi worth $68 billion after US debut
Didi Global Inc shares ended their first day of US trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest ...
Uber to let office staff work up to half their time from anywhere
Uber will let employees work half their hours from wherever they want as part of its revamped return-to-office strategy, the transport app company plans to announce on Tuesday, acc...
China’s Didi reveals US IPO filing, sets stage for blockbuster float
Didi Chuxing, China’s biggest ride-hailing firm, has made public its filing for a US stock market listing, setting the stage for what is expected to be the world’s bigg...
Uber and Lyft want more public subsidies to meet California EV mandates
California clean-air regulators want nearly all trips on Uber and Lyft ride-hailing platforms to be in electric vehicles, mandating costly measures that the companies call unrealis...