Uber will be requiring drivers and riders to wear masks for the forseeable future, Reuters reported. The rule, put in place May 18 to hopefully stem the spread of the coronavirus while still being able to open for business, was originally supposed to expire at...
In what could be the start of a protracted court fight, attorneys for the state of California plan to ask a judge to order Uber and Lyft to classify their ride-hailing drivers as employees rather than contractors, Reuters reported. California Attorney General Xavier Becerra said...
Pandemics and economic slumps put business models to the test — and the most flexible business models may stand the best chance of rebounding most quickly from such headwinds. To that end, ride-hailing giant Uber Technologies is branching out into software — specifically, software as...
With ridesharing having taken a hit from the pandemic, Uber is pushing into a new sector: public transportation. Uber — or Uber’s software, to be exact — will soon be managing public transportation for Marin County in the San Francisco Bay area, the Financial Times...
Grab, the $14 billion Southeast Asian ride-hailing startup, announced hundreds of job losses on Tuesday (June 16) as the impact of COVID-19 continues to take its toll. Reuters reported the company will lay off more than 300 employees. It’s the latest setback for the company’s...
The California agency that regulates ride-hailing companies Uber and Lyft said their drivers are considered employees under the state’s new gig work law, the latest development in the fight over drivers’ status, Reuters reported. In a letter to the ridesharing companies, Douglas Ito, director of...
Russian-based Yandex may drop plans for having an initial public offering (IPO) of stock for its ride-hailing business, which it owns with Uber Technologies, Inc.. Bloomberg reports that Yandex may, instead, buy out Uber. Such a move would come in the middle of the economic...
Uber reportedly will partner with FinTech Flutterwave to offer Uber Cash, a digital wallet feature, in Africa. Flutterwave, based in San Francisco and Nigeria, has been on a roll since it pulled in $35 million last year in venture funding, including from Worldpay. In April,...
China’s largest ride-hailing company is back after taking a big hit from the coronavirus pandemic, with business returning to pre-pandemic levels. Ridesharing orders on Didi Chuxing’s platform have surged past the 30 million-a-day mark, Chief Executive Cheng Wei told Reuters. That’s the most orders the...
