Uber rides are increasing again after massively falling off due to the coronavirus during March and April, Reuters reports. The ride-sharing firm reported that trip numbers, while still way below 2019 levels, were now down only 70 percent from last year, as opposed to the...
While Lyft’s ride counts are rising from the worst parts of the pandemic, they’re still down 70 percent from a year ago, CNBC reported. Lyft’s ridership, affected as other such companies have been by the pandemic, was up 26 percent in May compared to April,...
The CEO of Careem, Uber’s Dubai ridesharing subsidiary, said he doesn’t expect a full recovery until next year, but predicted accelerated expansion for the company’s “super app.” “This crisis is, if anything, accelerating the growth of digital platforms,” Mudassir Sheikha told CNBC on Sunday (May...
With curfews descending on some American cities due to violent clashes between law enforcement and protesters, Uber, Lyft and DoorDash have ceased operations during the curfew hours, CNBC reports. The protests have broken out in response to the killing of George Floyd, an unarmed black...
Starting next month, ridesharing users in a dozen cities can opt in for a $50 an hour ride, Uber Technologies Inc. announced on Friday (May 29). Following a pilot program in Australia, Africa, Europe and the Middle East, this new feature is aimed at helping...
If Uber is forced to classify its drivers in California as employees, 158,000 will be out of work, the company said. C/NET reported the San Francisco-based ride sharing firm’s internal analysis revealed in addition to massive job losses, passengers could see prices rise by as...
Uber plans to cut 3,000 more jobs and close 45 offices — all while eyeing other cutbacks as the COVID-19 economy keeps pummeling the ride-hailing giant. Job cuts do not include drivers, who technically are not employees. Meanwhile, the company is seeking to buy Uber...
Uber, inviting users to take a “second first trip,” has introduced new safety guidelines to help protect people from the coronavirus as they begin taking rides again, including a mandate that all drivers wear masks. In a blog post by CEO Dara Khosrowshahi, the ride-hailing company,...
The Estonia-based rideshare unicorn Bolt — Uber’s main competitor in Europe — said it isn’t laying off any workers despite a 75 percent drop in sales. Markus Villig, Bolt’s co-founder and CEO, pointed to the firm’s frugal approach to business as helping to keep layoffs...
