8 min read · Just now by Uber Under the Hood In early March, Minnesota’s Department of Labor and Industry released a report recommending parameters for state-level legislation on rideshare pay. While the recommendations are more reasonable than those of a city-level ordinance adopted in Minneapolis, they are still exaggerated and based on a flawed… Continue reading Uber: Excessive rates and their negative effects: A review of Minnesota’s proposed pay standard
Category: Mobility Companies
Grab Unveils Women Programme in Singapore to Reduce Barriers for Women Looking for Flexible Income Opportunities
Among the new initiatives, Grab has launched a “Women Passengers Preferred” feature that looks to prioritise matches between women drivers and passengers on the platform in an effort to increase safety for women driver-partners. 6 March 2024, Singapore – In line with the “Inspire Inclusion” theme of International Women’s Day this year, Grab today announced… Continue reading Grab Unveils Women Programme in Singapore to Reduce Barriers for Women Looking for Flexible Income Opportunities
Uber: The Impact of Seattle’s Driver and Courier Pay Regulations
Published in · 7 min read · Just now In 2020 the city of Seattle passed the Fare Share ordinance which set minimum compensation for rideshare drivers; in 2022, they followed this with PayUp, similar legislation aimed at delivery couriers. While these earning standards were written with the intention of improving the welfare of earners,… Continue reading Uber: The Impact of Seattle’s Driver and Courier Pay Regulations
Grab Reports Fourth Quarter and Full Year 2023 Results and Announces Inaugural Share Repurchase Program of Up to $500 Million
Q4 2023 Revenue grew 30% year-over-year to $653 million Q4 2023 Profit for the period was positive at $11 million Q4 2023 Adjusted EBITDA improved by $146 million year-over-year to $35 million Grab’s Board of Directors has authorized the repurchase of up to $500 million of the Company’s Class A ordinary shares SINGAPORE, February 22,… Continue reading Grab Reports Fourth Quarter and Full Year 2023 Results and Announces Inaugural Share Repurchase Program of Up to $500 Million
Uber: Uber Announces Inaugural $7 Billion Share Repurchase Authorization
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced that its Board of Directors has authorized the repurchase of up to $7 billion of the company’s common stock. “Today’s authorization of our first-ever share repurchase program is a vote of confidence in the company’s strong financial momentum. We will be thoughtful as it relates to… Continue reading Uber: Uber Announces Inaugural $7 Billion Share Repurchase Authorization
Uber: App-based earnings help Americans keep pace with rising cost of living, amid economy concerns
Published in · 5 min read · Just now National trends show that Americans are worried about higher prices and their financial wellbeing, and that more people are taking on part-time work in order to earn extra money. Many are choosing work that allows them to have more flexibility around their own schedule. To better… Continue reading Uber: App-based earnings help Americans keep pace with rising cost of living, amid economy concerns
Uber: Uber Announces Date of Fourth Quarter 2023 Results Conference Call and Virtual Investor Update
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) will hold its quarterly conference call to discuss its fourth quarter 2023 financial results on Wednesday, February 7th at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time). A live webcast of the conference call and earnings release materials can be found on Uber’s Investor Relations website at investor.uber.com.… Continue reading Uber: Uber Announces Date of Fourth Quarter 2023 Results Conference Call and Virtual Investor Update
From surface streets to freeways, safely expanding our rider-only testing
Waymo will begin testing its fully autonomous passenger cars without a human driver on freeways in Phoenix to soon help Waymo One riders get where they’re going safely and efficiently. Just as we’ve taken a phased approach to rolling out our technology and operations in the past, we will continue to deploy in a step-by-step… Continue reading From surface streets to freeways, safely expanding our rider-only testing
Dear Waymo Community: Reflections from this year together
Dear Waymo community, Around 20 years ago, at the age of 31, Sharon Giovinazzo faced a daunting new reality: losing her vision.“Navigating life independently seemed like an impossible feat,” she says. “Ride-hail promised a solution, but has proved to be another disappointment — I’ve been denied rides multiple times simply because I choose to navigate… Continue reading Dear Waymo Community: Reflections from this year together
Waymo significantly outperforms comparable human benchmarks over 7+ million miles of rider-only driving
Safety leads everything we do at Waymo. This year alone, Waymo has served over 700,000 ride-hailing trips with public riders and no human driver. We couldn’t have hit that milestone without putting safety front and center, and we are working hard to improve the measurement, transparency, and performance of our fleet. Our comprehensive research —… Continue reading Waymo significantly outperforms comparable human benchmarks over 7+ million miles of rider-only driving