Uber

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...

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: 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...

Yango - Delivery app

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...

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: 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 ...

Yandex Delivery

Russia’s Yandex restructures JV ownership with Uber in $1 billion deal

Yandex has said it would buy Uber’s stakes in their joint FoodTech, delivery and self-driving businesses, and increase its stake in a mobility-focused joint venture as part o...

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 ...

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: 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: Google search engine

Big tech companies to allow only vaccinated US employees into offices

Big tech companies are making it mandatory for employees in the US to get COVID-19 vaccinations before entering campuses, as the highly infectious Delta variant of the virus drives...

Platform News: Ride-hailing app Uber Technologies

Uber’s trucking unit to buy logistics planner Transplace for $2.25 billion

Uber Technologies Inc’s trucking business is buying transportation logistics company Transplace for about $2.25 billion from private equity firm TPG Capital, in a deal that i...

Platform Economy: Stripe US FinTech powers e-commerce

Online payments firm Stripe takes first step toward blockbuster listing

Digital payments processor Stripe Inc, the most valuable US platform start-up, has taken its first major step toward a stock market debut by hiring a law firm to help with preparat...

Platform Industry News: Ride-sharing driver

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...

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