The Fair Go program, which allowed Uber drivers to lease vehicles through short-term arrangements, is coming to an end, Fair reportedly announced at an all-hands meeting on Thursday (Feb. 6). The program will stop in April, according to reports. A spokesperson said, according to reports,...
Lyft announced upcoming job cuts on Wednesday (Jan. 29) as part of what it termed a “corporate restructuring.” The change comes as the ridesharing service — which employs 5,500 people — is asking itself hard questions about how it will continue to stay profitable, The...
In a move that’s been in the works since 2012, the city of Vancouver has approved Uber and Lyft to operate in the city, according to reports. Uber originally tried to get into Vancouver, which is Canada’s third-largest metro area, in 2012, but the transportation...
Uber CEO Dara Khosrowshahi said his company has the best chance of being profitable out of all of the ride-hailing competitors out there, according to a report by CNBC. “We are by far the global leader in ride-sharing,” Khosrowshahi said at the World Economic Forum...
After a ruling by a location regulator that the firm wasn’t fairly engaged in competition, Uber Technologies Inc. is asking for the Colombian government to put emergency regulations into place to enable its ridesharing service to continue running. The firm seeks to have the administration of President...
With the newest of many initiatives to reportedly provide drivers with greater independence as a reaction to the state’s new gig economy law, Uber Technologies Inc. is piloting a function that allows some drivers in California to set their own rates. Drivers who shuttle riders from airports...
Uber rival Bolt has closed a €50 million funding deal from the European Investment Bank (EIB) to help the startup scale throughout Europe and improve its technology, according to reports on Thursday (Jan. 16). “Bolt is a good example of European excellence in tech and...
A New York City-appointed panel is seeking a $500 million bailout to help taxi drivers trapped in unscrupulous medallion loans, The New York Times reported on Wednesday (Jan. 15). A group is asking for the creation of a new public-private partnership to take over the...
Yandex, a Russian technology giant and car-sharing company, plans to expand its car-sharing offerings into Europe as other companies in the space retreat, according to a report by the Financial Times. Anton Ryazanov, a Yandex executive, said the company will put 1,000 electric vehicles in...
