Forty workers who manage Spin’s fleet of scooters in December voted to unionize. Even before the decision, the Ford-owned startup had classified the workers as employees instead of independent contractors, giving them access to the associated benefits that come with employment. In an interview, Spin’s founder explained why the investments in training and benefits may… Continue reading The CEO of a scooter startup owned by Ford explains why it’s a good thing that his employees are unionizing — and how it could help Spin get a leg up on Bird and Lime
Tag: Uber
Introducing Our COO and Rising Engineering Leaders
Readying Voyage to launch a self-driving car business I’m both incredibly proud of and humbled by the all-star team we’ve built at Voyage. As we work to unlock the potential of self-driving cars for people who need them, we’re building a business to create advanced mobility technology that serves people at-scale. Our people are remarkable, and… Continue reading Introducing Our COO and Rising Engineering Leaders
Fair Ends Weekly Rentals for Uber Drivers
A spokesperson from Fair said that an unexpected increase in insurance premiums would have increased prices for its rideshare driver customers. Photo via Uber. Fair, a car leasing company, has announced that it will end its Fair Go program that helped Uber rideshare drivers lease cars on a weekly basis, according to a report by… Continue reading Fair Ends Weekly Rentals for Uber Drivers
Uber claims top spot in Indian ride-hailing market
Uber facilitated 14 million rides a week in India last year, the American ride-hailing firm said as it claimed the tentpole position in the key overseas market. In a report (PDF) published on the sidelines of its quarterly earnings Thursday afternoon, Uber said that it commanded over 50% of the ride-hailing market in India — among… Continue reading Uber claims top spot in Indian ride-hailing market
Uber’s new roadmap to profitability draws Wall Street praise
(Reuters) – Shares of Uber Technologies Inc (UBER.N) rose on Friday after the ride-hailing company laid out an ambitious plan to be profitable by the end of 2020, a year ahead of its previous target as it tries to squash Wall Street doubts over its long-term viability. FILE PHOTO: File photo: The company logo for… Continue reading Uber’s new roadmap to profitability draws Wall Street praise
Uber sees path to profit despite $1.1bn loss
Spending to expand its Uber Eats food delivery business impacted the firm’s bottom line. Go to Source
Ride-share startup HopSkipDrive raises $22 million to focus on school transportation
It’s no secret that it’s hard to make the economics work at drive-share companies. That may explain the success to date of HopSkipDrive, a six-year-old, L.A.-based company that pairs drivers with both families but also, crucially, school districts. Specifically, the now 100-plus person company has deals in place with school districts in 13 markets across… Continue reading Ride-share startup HopSkipDrive raises $22 million to focus on school transportation
Shrunken unicorn Fair cancels car leasing to Uber drivers
When Fair laid off 40% of its staff in October, CEO Scott Painter promised it wasn’t shuttering leasing services to on-demand fleets. But just one week later, Painter was removed as CEO and replaced in the interim with Adam Hieber, a CFA from Fair investor SoftBank. Today, according to two sources, Fair announced at an… Continue reading Shrunken unicorn Fair cancels car leasing to Uber drivers
Uber: Uber Announces Results for Fourth Quarter and Full Year 2019
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the fourth quarter and full year ended December 31, 2019. Financial Highlights for Fourth Quarter 2019 Gross Bookings grew $4.0 billion year-over-year to $18.1 billion, representing 28% year-over-year growth, or 30% on a constant currency basis, with Rides and Eats growing 20% and… Continue reading Uber: Uber Announces Results for Fourth Quarter and Full Year 2019
Uber can resume testing its self-driving cars in California
Sponsored Links ERIC BARADAT via Getty Images Uber started scaling back its self-driving car tests after one of its vehicles hit and killed a pedestrian in March of 2018. While the company doesn’t seem primed to unleash a fleet of autonomous cars, it has been granted a new permit to resume testing in California. San… Continue reading Uber can resume testing its self-driving cars in California