AP Photo/Mark Lennihan Uber skyrocketed as much as 43% Thursday after CEO Dara Khosrowshahi said on a call with investors that the company is in a solid position to weather the coronavirus crisis. Uber’s balance sheet is “incredibly strong,” he said, adding that at the end of February, Uber had $10 billion in unrestricted cash.… Continue reading Uber surges 43% after its CEO says it has enough cash to get through the coronavirus pandemic (UBER)
Tag: Lyft
Uh-oh Uber, Look Out Lyft: Here Comes Driverless Ride Sharing
Original Article
Uber, Lyft Suspend Shared Ride Service
Photo via Uber. Ride-hailing services Uber and Lyft have suspended their shared ride options amid growing concern about the coronavirus and the need to practice social distancing. According to Tech Crunch, Uber’s suspension of its pool service applies only to the U.S. and Canada. The company is looking at enacting the same measure in other… Continue reading Uber, Lyft Suspend Shared Ride Service
Coronavirus: Waymo is partially stopping its service
Waymo has severely restricted its service due to the corona virus pandemic. The pandemic with the infectious virus is a blessing and a blessing for autonomous driving. On the one hand, the business for Neolix in China, as the demand for self-driving delivery vehicles increased, because it did not allow contact with sick people. But… Continue reading Coronavirus: Waymo is partially stopping its service
Uber sues LA’s Dept. of Transportation for warrantless record requests
Sponsored Links Uber The data privacy battle between Uber’s Jump scooter service and the Los Angeles Department of Transportation has been brewing over the last 18 months. After refusing to share real-time location data on its scooter riders, Uber was ordered by the LADOT to remove its scooters from the city. According to CNET, Uber… Continue reading Uber sues LA’s Dept. of Transportation for warrantless record requests
Waymo goes dark except for fully driverless rides
Sponsored Links REUTERS/Caitlin O’Hara Waymo is joining Uber and Lyft in curtailing its ride services to limit the spread of COVID-19, with a notable exception. The Alphabet-owned company has paused both Waymo One service with human overseers in Phoenix as well as its California self-driving tests in order to protect the “health and safety” of… Continue reading Waymo goes dark except for fully driverless rides
Lime temporarily shuts down in CA, WA and some European countries to slow coronavirus
Lime scooters on Microsoft’s campus in Redmond, Wash. (GeekWire Photo / Monica Nickelsburg) Lime is pausing its e-scooter and e-bike services in California, Washington, Italy, France, and Spain, starting Tuesday. The company said the closures are intended to slow the spread of COVID-19. In Lime’s remaining markets, the company is expanding its cleaning procedures and… Continue reading Lime temporarily shuts down in CA, WA and some European countries to slow coronavirus
Uber’s CFO says its ridership has tanked by as much as 50% in cities hit hard by the coronavirus. New data shows that Lyft is suffering, too.
People who drive for Uber or Lyft for a living are seeing demand for their services fall off a cliff in many major urban areas due to restrictions in place to prevent the spread of the coronavirus. Uber’s CFO says that in some areas, like Seattle, rides have tanked by about half. He’s confident that… Continue reading Uber’s CFO says its ridership has tanked by as much as 50% in cities hit hard by the coronavirus. New data shows that Lyft is suffering, too.
Uber, Lyft Extends Sick Leave During Coronavirus Pandemic
In response to the plea for social distancing, driver groups have also called on the companies to suspend their carpooling features. Photo via Elvert Barnes/Flickr. In response to the coronavirus (COVID-19) pandemic, Uber and Lyft have announced new policies that will expand sick leave to drivers. according to The Verge. Now, Uber drivers who test positive for… Continue reading Uber, Lyft Extends Sick Leave During Coronavirus Pandemic
San Francisco’s shelter-in-place order does not apply to gig workers
Earlier today, San Francisco Mayor London Breed announced a shelter-in-place order in an attempt to slow the spread of COVID-19. The order legally requires people to stay home as much as possible unless it’s essential that they leave to do things like go to the grocery store, buy gas or go to the pharmacy. So,… Continue reading San Francisco’s shelter-in-place order does not apply to gig workers