Categories ride hailing

9 posts

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Investors cheer as Lyft’s Q1 revenue didn’t fall as much as expected

Investors gave Lyft’s value a small bump Tuesday after the American ride-hailing company reported results that weren’t quite as bad as the company, and Wall Street, had expected. Shares of the Uber competitor rose as much as 4.5% in after-hours trading following the disclosure of its financial performance from the […]

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Joe Biden’s new gig

Jim Messina Contributor Share on Twitter Jim Messina is a political and corporate advisor and CEO of The Messina Group. He previously served as the White House Deputy Chief of Staff for Operations under President Barack Obama from 2009 to 2011 and as the campaign manager for Obama’s successful 2012 […]

An even bigger battle for gig worker rights is on the horizon

When California voters passed Proposition 22 with 58.6% of the vote, they agreed with Uber, Lyft, DoorDash, Instacart and Postmates that gig workers should not be employees who are entitled to myriad labor rights. The proposition they passed stated that gig workers should be independent contractors who receive the limited […]

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Uber refused permission to dismiss 11 staff at its EMEA HQ

Uber has been refused permission to dismiss 11 people at its EMEA headquarters in Amsterdam by the Dutch Employee Insurance Agency (UWV), the ride hailing company has confirmed. The affected individuals did not take up an earlier severance offer as part of wider Uber layoffs earlier this year. Uber announced […]

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Study shows cities with ride-hailing services report lower rates of sexual assault

Dr. Min-Seok Pang Contributor Share on Twitter Dr. Min-Seok Pang is an Associate Professor of Management Information Systems and Milton F. Stauffer Research Fellow at Temple University’s Fox School of Business. Dr. Jiyong Park Contributor Dr. Jiyong Park is an Assistant Professor of Information Systems at the Bryan School of […]

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Ola fails to get ride-hailing license renewed in London, says it will appeal and continues to operate

Just six days after Uber won its appeal against London transportation regulators to continue operating in London for another 18 months, one of its bigger rivals has found itself in the hot seat. Ola, the India-based ride-hailing startup, is not getting its Transport for London ride-hailing license renewed, after failing […]

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Despite a difficult Q2 2020, Lyft and Uber reiterate profit promises

Lyft is sticking to its previous target to hit quarterly adjusted profitability by the fourth period of 2021, a milestone it says it can achieve even with fewer rides. The company reiterated its quarterly adjusted profit target timeline — a milestone based on earnings before interest, taxes, depreciation and amortization […]

Uber’s delivery business is now larger than ride-hailing

Uber reported its second-quarter earnings Thursday, and buried in the blizzard of less-than-rosy numbers is a stunning figure that illustrates how much the company has changed during the COVID-19 pandemic. Uber’s delivery business — better known as Uber Eats — is now bigger than its original and core ride-hailing division, […]

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How Grab adapted after COVID-19 hit its ride-hailing business

The COVID-19 pandemic is taking a heavy toll on ride-hailing services, like Uber and Lyft. Grab, Southeast Asia’s largest ride-hailing company, has also been impacted, but the company has adapted by quickly transitioning many of its ride-hailing drivers to its on-demand delivery verticals and expanding services needed by customers during […]