PYMNTS-MonitorEdge-May-2024

ride-hailing

Uber Suggests NYC Driver Pay Cuts in Bid to Woo Riders
Uber Suggests NYC Driver Pay Cuts in Bid to Woo Riders
November 04, 2024  |  Ridesharing

Ride-hailing giant Uber Technologies is suggesting a pay cut for its drivers in New York City, citing lower gas prices, as it tries to lower...

READ MORE >
Uber One Memberships Jump 78% as Company Eyes Non-City Growth
Uber One Memberships Jump 78% as Company Eyes Non-City Growth
October 31, 2024  |  Earnings

Uber is looking beyond major cities for growth amid a jump in its membership program. The ride hailing/delivery company released quarterly earnings Thursday (Oct. 31) showing that...

READ MORE >
Uber Reportedly Weighs Expedia Acquisition
Uber Reportedly Weighs Expedia Acquisition
October 17, 2024  |  Acquisitions

Uber has reportedly considered acquiring Expedia to strengthen its ongoing diversification. That’s according to a report Wednesday (Oct. 16) by the Financial Times (FT) which...

READ MORE >
Uber Expands Robot Delivery and Robotaxi Offerings With Avride
Uber Expands Robot Delivery and Robotaxi Offerings With Avride
October 03, 2024  |  Delivery

Uber has launched a partnership with delivery robot/autonomous vehicle maker Avirde. The collaboration will launch in the coming weeks in Austin, letting Uber Eats customers get their...

READ MORE >
Ascenda Adds Uber to Grow Rewards Network
Ascenda Adds Uber to Grow Rewards Network
September 19, 2024  |  Loyalty & Rewards

Rewards network Ascenda says it is getting bigger with the help of Uber. The company announced Thursday (Sept. 19) that it was expanding its network...

READ MORE >
Lyft Lets Commuters Cap Prices With New Subscription
Lyft Lets Commuters Cap Prices With New Subscription
September 04, 2024  |  Ridesharing

Lyft has debuted a new feature designed to help commuters stay within budget. “To make your day more predictable, we’re launching price lock, a new...

READ MORE >
Ride-Hailing Platforms’ Earnings Underscore Gig Economy’s Momentum
Ride-Hailing Platforms’ Earnings Underscore Gig Economy’s Momentum
August 13, 2024  |  Gig Economy

The side hustle — and the ancillary streams of income those hustles provide — now is a lifeline in the paycheck-to-paycheck economy, across all income...

READ MORE >
Lyft Launches Price Lock Subscription Amid Surge in Ridership
Lyft Launches Price Lock Subscription Amid Surge in Ridership
August 07, 2024  |  Earnings

Ride-hailing platform Lyft on Wednesday (Aug. 7) announced performance benchmarks in the second quarter, reflecting strong engagement from both riders and drivers. The company reported a record...

READ MORE >
Uber and BYD Forge Deal to Deploy 100,000 Electric Vehicles 
Uber and BYD Forge Deal to Deploy 100,000 Electric Vehicles 
July 31, 2024  |  Partnerships

Uber on Wednesday (July 31) announced a multiyear strategic partnership aimed at integrating 100,000 BYD electric vehicles (EVs) into its platform across several key global markets....

READ MORE >