Lyft, the ride-hailing startup, has filed a lawsuit against San Francisco claiming officials in the city are violating a contract with the ride-hailing company. According to a report in The Verge citing the lawsuit, Lyft contends it has the exclusive rights to run a bikesharing...
Two big C-Suite positions announced they were stepping down from Uber last week. Chief Operating Officer (COO) Barney Harford and Chief Marketing Officer (CMO) Rebecca Messina will both be leaving the company. CEO Dara Khosrowshahi told employees in a company-wide email that the progress the...
Uber is expanding its transportation services, launching helicopter rides in New York City starting in July. Customers will be able to book on-demand rides in a helicopter from JFK Airport to Lower Manhattan, The New York Times reported, and the eight-minute trip will cost $200 to...
Come on in, the water’s fine. That red ink? Never mind. It’s no secret that ride-hailing firms have had a rough go of it on Wall Street, with busted IPO status. At a recent $42, Uber shares are trading, still, below their initial offer price of...
New York City has been trying to reduce traffic congestion by limiting new licenses to ridesharing drivers and making passengers pay an additional congestion fee. The moves did not stop Uber and Lyft from having their biggest month ever, according to Bloomberg. Uber completed 17,248,340...
In an earnings call on Friday (May 31), Uber CEO Dara Khosrowshahi said the company was optimistic about the ride-sharing market and the competition within it. Lyft shares rose following the news, according to a report by CNBC. Lyft shares went up more than 5...
Ride-hailing giant Uber has teamed up with a leasing startup called Fair to help drivers without credit, or with low capital, secure a car, according to a report by Bloomberg. The company started the partnership in California in January, and now it plans to expand...
Uber is going to start deactivating riders with low ratings, according to a report. The ridesharing company started the new initiative on Wednesday (May 29) in the U.S. and Canada. If a person’s ratings fall below a certain average (which will vary from city to...
Nigerian-based Gokada has raised a $5.3 million Series A round that it will use to expand its motorcycle business. Co-founded in 2018 by Fahim Saleh, Gokada has more than 1,000 motorcycles and drivers on its app that connects commuters to moto-taxis, and the company has...
