The stock prices of Uber, Lyft and DoorDash slid on Tuesday after the Department of Labor announced proposed changes to how workers should be classified. The prospective guidance is intended to “combat employee misclassification,” the federal agency said in a statement. Soon after, Uber’s share price dropped by more than 10% to $24.61, while Lyft’s… Continue reading Federal gig worker proposal tanks Uber, Lyft and DoorDash stocks
Tag: Lyft
Lyft exec was wrong about driverless vehicles — but he still believes in their potential
Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama / Getty Images DETROIT — In 2016, Lyft… Continue reading Lyft exec was wrong about driverless vehicles — but he still believes in their potential
Motional and Uber cooperate for 10 years
Aptiv and Hyundai’s company, Motional, struck a 10-year commercial agreement with ride-hailing service provider Uber. motional is an association of aptive and Hyundai, which are common especially in Las Vegas offer a robot taxi service. You are already competing with them Via, but also with lyft have already worked together. Now you are cooperating with… Continue reading Motional and Uber cooperate for 10 years
Ride Hailing Services Market to observe USD 44.17 Bn incremental growth; Beijing Xiaoju Technology Co. Ltd., BMW AG, and Carshare Australia Pty Ltd. emerge as key vendors — Technavio
NEW YORK, Oct. 10, 2022 /PRNewswire/ — The global ride hailing services market size is expected to grow by USD 44.17 billion between 2020 and 2025. However, the growth momentum in the market is expected to decelerate at a CAGR of 13.53% during the forecast period. The report identifies Beijing Xiaoju Technology Co. Ltd., BMW… Continue reading Ride Hailing Services Market to observe USD 44.17 Bn incremental growth; Beijing Xiaoju Technology Co. Ltd., BMW AG, and Carshare Australia Pty Ltd. emerge as key vendors — Technavio
Mobility Demand Market to grow by USD 198.21 by 2026, Growing Interest In Self-driving Vehicles to Boost Market Growth – Technavio
NEW YORK, Oct. 10, 2022 /PRNewswire/ — The Mobility Demand Market report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the mobility demand market between 2021 and 2026 is USD 198.21 billion. To get… Continue reading Mobility Demand Market to grow by USD 198.21 by 2026, Growing Interest In Self-driving Vehicles to Boost Market Growth – Technavio
Uber and Motional to launch robotaxis across US over 10 years
Uber is getting back into the robotaxi game, only this time it’s tapping a third party to handle the self-driving tech. Motional, the Aptiv-Hyundai joint venture commercializing self-driving vehicle tech, will put its robotaxis on the Uber network later this year as part of a 10-year operating agreement that will eventually roll out to major… Continue reading Uber and Motional to launch robotaxis across US over 10 years
Growing Concerns over Greenhouse Gas Emissions to Propel the Mobility as a Service Market Growth | CAGR: 18%| UnivDatos Market Insights
NOIDA, India, Oct. 6, 2022 /PRNewswire/ — According to a new report published by UnivDatos Markets Insights, the Mobility as a Service Market was valued at around USD 125 billion in 2020 and is expected to grow at a significant CAGR of approx. 18% from 2022-2028. The analysis has been segmented into Service Type (Ride… Continue reading Growing Concerns over Greenhouse Gas Emissions to Propel the Mobility as a Service Market Growth | CAGR: 18%| UnivDatos Market Insights
Lyft’s John Zimmer to talk AVs, growth and profit at Disrupt
When the economy tightens and the cost of driving new initiatives cramps growth and profitability, sometimes you just need to overhaul your strategy. Case in point, when ride-hail giant Lyft sold its self-driving unit to Toyota’s Woven Planet, it cut $100 million of annualized non-GAAP operating expenses on a net basis. Free from the cost… Continue reading Lyft’s John Zimmer to talk AVs, growth and profit at Disrupt
Autonomous Vehicle Sensors Market size to grow by 42.32 million units; Development of an autonomous fleet of cab and parcel delivery services emerge as key trend — Technavio
NEW YORK, Oct. 5, 2022 /PRNewswire/ — The “Global Autonomous Vehicle Sensors Market by Product and Geography – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. According to the report, the market size will grow by 42.32 million units, accelerating at a CAGR of 20.34% during the forecast period. Technavio has considered… Continue reading Autonomous Vehicle Sensors Market size to grow by 42.32 million units; Development of an autonomous fleet of cab and parcel delivery services emerge as key trend — Technavio
GM adds former Tesla, Lyft executive Jonathan McNeill to board
General Motors has added former Tesla and Lyft executive Jonathan McNeill to its board of directors. In a news release, GM noted McNeill’s credentials as an entrepreneur and venture capital investor. He co-founded and is CEO of DVx Ventures, “a venture firm focused on creating and scaling breakthrough businesses that will have a positive impact… Continue reading GM adds former Tesla, Lyft executive Jonathan McNeill to board