Uber
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...
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...
Walmart to hire over 3,000 US drivers as it expands home delivery
Walmart has said it plans to hire more than 3,000 US delivery drivers and build out a fleet of all-electric delivery vans to support its “in-home” grocery delivery serv...
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 ...
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.
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...
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...
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...
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...
London’s newest online grocery delivery app comes from Russia with love
Russia’s biggest internet company dispatched its yellow-shirted moped riders to deliver groceries across London, the latest newcomer to launch in a crowded sector that is for...