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Uber Hopes UK Airline Bookings Will Speed Super App Takeoff
May 10, 2023

Uber has reportedly added flight bookings in the U.K. to fuel its super app ambitions. The changes let customers in Great Britain schedule full journeys via several forms of transportation, the Financial Times reported Wednesday (May 10). According to the report, Uber has begun offering...

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Uber One Members Drive 27% of Mobility Platform’s Gross Bookings
May 02, 2023

Uber’s latest quarterly earnings results showed a continued rebound in ride-hailing, and the company’s membership program, Uber One, continued to show evidence that the “cross-selling” opportunity offered by the mobility giant continues to gain fruit. The company said in its earnings and supplemental materials that...

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HumanForest Raises $15 Million to Grow UK eBike Business
April 30, 2023

U.K.-based micromobility firm HumanForest has raised $15 million to boost its eBike technology. The company announced its Series A funding Friday (April 28), saying it would use the money to double the size of its fleet and develop its advertising technology platform and user app....

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Lyft to ‘Significantly Reduce’ Workforce April 27 as It Restructures
April 21, 2023

Lyft will “significantly reduce” the size of its workforce next week. The company did not specify the number of employees who will be affected, instead saying they will be notified about their employment status Thursday (April 27). All offices will be closed that day, and...

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Lyft’s CEO Shakeup Hints at Need to Think More Like Uber
March 28, 2023

Lyft could use a lift. At this writing, the company’s shares are trading at a bit over $9.60, well off recent peaks of more than $17. The fact that the stock’s barely budged in the wake of a significant shakeup in the C-suite belies investors’...

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Court Rules Uber and Lyft Drivers Are Contractors
March 14, 2023

Uber and Lyft have landed a victory in their battle to treat drivers as contractors. In a ruling issued Monday (Mar. 13), California’s 1st District Court of Appeals said that the two ride-hailing firms and other companies like them can continue to treat drivers in...

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Lyft Stock Decline Draws Sharp Contrast to Uber’s Broader Platform Strategy
February 10, 2023

The Uber versus Lyft battle illuminates a stark reality as the pandemic recedes: The broader the platform — the more opportunity for users (and drivers) to pivot between activities without leaving the ecosystem — the better the revenue tailwind. At least for now, the stocks...

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Uber Launches Payout Solution for Unbanked Drivers in Egypt
February 08, 2023

Uber has teamed up with HSBC to launch Flexpay, a new on-demand payout solution in Egypt. The two companies announced the launch in a joint press release on Wednesday (Feb. 7), stating that Flexpay will empower unbanked Uber drivers by paying out directly to mobile...

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China Launching State-Owned Ride-Hailing App, Easing Tech Crackdown 
January 18, 2023

China is reportedly launching a state-owned ride-hailing app. The launch of Strong Nation Transport signals that China aims to be involved in the tech industry even as it eases an earlier crackdown on giants in the sector, the Financial Times reported Wednesday (Jan. 18). The...