Shares of Uber and Lyft hit new lows Tuesday (Oct. 1) as both rideshare giants struggle after going public. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Optimism can be so fleeting and fragile, especially when it comes to revenue, growth and profit. That’s one lesson to consider today in reading coverage from a year ago, when Lyft was celebrating its billionth provided ride. Get the Full Story Complete the form to...
Uber will limit drivers’ access to the app during low-demand times starting Tuesday (Sept. 17), per new regulations in New York City, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Uber said Thursday (Sept. 12) that it will tap $750 million in debt financing to help fund its $3.1 billion buy of Careem, a ride hailing company that is based in the Middle East. Get the Full Story Complete the form to unlock this article...
Grab is planning to earmark $150 million for additional research into artificial intelligence (AI), Bloomberg reported on Thursday (Sept. 5). Over the next year, the Southeast Asian ride-hailing startup will advance its developing business, which now offers food delivery, digital payments and digital content. Get...
A superior court in Brazil has decided Uber drivers are independent from the company, according to a report by Bloomberg. The decision was handed down unanimously by 10 judges, overturning a previous ruling. Get the Full Story Complete the form to unlock this article and enjoy...
Shares of Uber and Lyft hit their lowest levels ever on Tuesday (Sept. 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
Summer is unofficially over and the kids are back in school. For some, that’s a mix of good and bad news (summer with children can be difficult, after all, no matter how well behaved they are), and for the fledgling ridesharing service Zum, it’s another...
Google Maps users can now plan trips across different modes of transportation, with a new feature pairing bike routes and transit with ridesharing, VentureBeat reported on Tuesday (Aug. 27). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
