Driving Towards Change
The Minneapolis City Council's proposal to raise minimum wages for rideshare drivers has ignited a storm of debate. Lyft, a key player in the sector, is threatening to exit the city if the bill becomes law, citing potential pr...
Total protection
Ride-sharing companies Uber Technologies Inc. and Lyft Inc. are fighting an increase in violent crime and are introducing new security measures and policies to try to better protect drivers.
According to the Federal Bureau of Inves...
GM's statements at presentation
General Motors' (GM) presentation to investors this week revealed details of the company's plans to double revenues, transform into a 'platform', build a fleet of 1m robot taxis and more. GM shares were up 4...
Uber shares after forecast
Uber (UBER) said it could make up to $25m in profit in the third quarter on the back of improvements in both its taxi and delivery services. Uber shares posted their strongest one-day gain since early 2021.
Uber (UBER) sh...
Best time to buy Uber shares
Uber shares are trading at a lower price today than on the first day of trading. However, investors have four strong arguments for buying Uber stock right now to take advantage of the lower price.
Uber (UBER) shares are...
Uber's business
Uber shares fell after the report, repeating the trajectory of its smaller rival Lyft. Despite the good quarterly results, investors saw warning signs for the profitability of Uber's business.
Uber Technologies (UBER) posted higher ...
Revenue growth
Lyft continues to recover from the pandemic, posting quarterly revenue growth of 125% and pre-tax profits. Despite a new increase in illness and concerns about the Delta strain "July was Lyft's best month since March 2020".
Shares in...
Uber and Transplace
Uber Freight, which brings together carriers and shippers on its platform, has closed a deal to acquire leading international logistics technology solutions provider Transplace.
Uber (UBER) said today it has ...
Didi and IPO
China's largest passenger taxi service company Didi has filed paperwork to go public in the US, the BBC reports.
The company is known to have the backing of major Asian technology investment firms, including Softbank (T:9984), Alibaba ...
Best month
Uber shares surged after reporting record performance in March and confirming earnings forecast for 2021. Demand for Uber taxis has rebounded on the back of mass vaccinations and the lifting of quarantine restrictions in the US, with Uber...
Entering the market
Transport company Gett, which wants to become one of the world's leading providers of "mobility solutions", is currently exploring a merger with a company with no particular purpose other than to help other companies with an IPO ...
The German startup Volocopter, or flying taxi, attracted significant business investments a year ago. At the final stage of financing, according to the financial director of the company, it is necessary to attract another 240 million dollars to furth...
Uber's Q4 results
Uber on Wednesday summarised its Q4 and full year 2020 results, reporting a modest recovery in taxi service trips and a 130% growth in delivery services.
Uber shares, which have shown a strong 102.4% rise over ...
Deal with Drizly
Uber shares rose 7% on Tuesday on the back of the announcement of the acquisition of major alcohol delivery company Drizly for 90% of Uber's ordinary shares.
International online taxi orderin...
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