Uber and Lyft are hiking up fares amid a driver shortage. Uber prices were up 40% in April compared to the same time last year, data showed. But the labor shortage and surging demand means that earnings for drivers are soaring. See more stories on Insider’s business page. Uber and Lyft are hiking up fares… Continue reading Uber and Lyft fares surge by up to 40% as the ride-hailing apps struggle to find enough drivers
Tag: Lyft
Uber and Lyft rides are pricier due to a lack of drivers (and the waits are longer, too)
Uber and Lyft rides have been almost twice as expensive over the past few months in the US, because the ride-hailing companies have been having difficulties meeting demand. More and more people are going back to their old routines after getting fully vaccinated, which translates to higher demand for rides as passengers fire up their… Continue reading Uber and Lyft rides are pricier due to a lack of drivers (and the waits are longer, too)
The dream of the truly driverless car is officially dead
Driverless technology has been heralded as a way to save costs and save lives. But driverless does not mean humanless. Technology still requires human oversight. This often means increased, not reduced, costs for business and consumers alike. Ashley Nunes is Director for Competition Policy at the R Street Institute. This is an opinion column. The… Continue reading The dream of the truly driverless car is officially dead
Uber is draining its cash-burning Pool
Hello, and welcome to this week’s edition of the Insider Tech newsletter, where we break down the biggest news in tech, including: Did someone forward this newsletter to you? Sign up here. Soundtrack: This week’s newsletter has been specially designed to be consumed while listening to Dr. Lonnie Smith “Why can’t we live together” (featuring… Continue reading Uber is draining its cash-burning Pool
Could This Be The No.1 EV Stock Of 2021?
While Tesla and Volkswagen compete for EV buyers, a winner of their battles for customers may be another billion-dollar company that doesn’t even make cars called Facedrive. That might come as a surprise after the banner year Tesla had in 2020. In just the last 12 months, Tesla has seen an incredible 503% gain in… Continue reading Could This Be The No.1 EV Stock Of 2021?
Uber’s cheap and popular Pool ridesharing service lost the company as much as $1 million a week in San Francisco alone (UBER)
Uber’s early aggressive promotions like $5 rides on UberPool burned through hundreds of millions each year, sources tell Insider. The company suspended UberPool at the beginning of the pandemic and is now debating how to restart it. CEO Dara Khosrowshahi has raced to cut losses to meet profitability by later this year. See more stories… Continue reading Uber’s cheap and popular Pool ridesharing service lost the company as much as $1 million a week in San Francisco alone (UBER)
Uber has recognized a trade union for the first time. 70,000 drivers in the UK can now join and collectively negotiate wages, sick pay, and pensions.
Uber made history on Wednesday by recognizing one of the UK’s biggest trade unions. It’s the first recognition deal between a ride-hailing app and a union. Its 70,000 UK drivers can join the GMB to negotiate over pay, pensions, and support, the union said. See more stories on Insider’s business page. Uber on Wednesday officially… Continue reading Uber has recognized a trade union for the first time. 70,000 drivers in the UK can now join and collectively negotiate wages, sick pay, and pensions.
Most executives say they want more contract and temp workers. A majority of those workers say that’s not good enough. (UBER, LYFT, DASH, GRUB)
Contract workers “overwhelmingly” want to be permanent employees, according to a new McKinsey-Ipsos survey. But executives say they plan to rely more heavily on contract labor, McKinsey previously found. The findings reveal a huge divide between workers’ wants and those of their bosses. See more stories on Insider’s business page. Around a quarter of Americans… Continue reading Most executives say they want more contract and temp workers. A majority of those workers say that’s not good enough. (UBER, LYFT, DASH, GRUB)
Worldwide Online Taxi Services Industry to 2030 – Major Players Include Lyft, Didi Chuxing and GrabTaxi Holdings Among Others
DUBLIN, May 27, 2021 /PRNewswire/ — The “Online Taxi Services Global Market Report 2021: COVID-19 Growth and Change to 2030” report has been added to ResearchAndMarkets.com’s offering. This report provides strategists, marketers and senior management with the critical information they need to assess the global online taxi services market. This report focuses on the online… Continue reading Worldwide Online Taxi Services Industry to 2030 – Major Players Include Lyft, Didi Chuxing and GrabTaxi Holdings Among Others
CARB Votes to Transition Ride-Hailing Fleets to Zero-Emissions by 2030
Last year, Uber pledged to invest $800 million through 2025 to help their drivers make the switch, though the actual cost is estimated to be more than double that. Photo via Wikimedia/Raysonho. The California Air Resources Board (CARB) voted on May 20 to approve the nation’s first standard to transition ride-hailing fleets to zero-emission vehicles by… Continue reading CARB Votes to Transition Ride-Hailing Fleets to Zero-Emissions by 2030