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...
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...
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....
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...
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’...
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...
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...
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...
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...