IPOs loom – among them, of course, the long-awaited debuts of Lyft and Uber. The two ride-hailing giants have raised billions of dollars, sparking valuations in the tens of billions (and, in Uber’s case, the valuation stands at about $120 billion, according to recent reports). Beneath...
Four U.K. Uber drivers are filing a lawsuit against the company for alleged violations of EU’s General Data Protection Regulation (GDPR) law, according to a report by CNBC. The drivers claim that Uber is “failing to honor its obligations” under the law. GDPR rules state...
Bird, the scooter sharing startup, is gearing up to roll out a new program in New Zealand, Canada and Latin America dubbed Bird Platform, in which it sells vehicles to entrepreneurs at cost and gets 20 percent of the ride revenue. Get the Full Story...
After Uber started to introduce Uber Rewards in January, the feature is now said to be available to all passengers in the United States. Through the program, U.S. riders earn points for their Uber X, Premium, and Pool rides along with Uber Eats purchases, according to...
Hello TransTech, the Chinese ride-hailing startup formerly known as Hellobike, is launching a carpooling service this week, on the heels of a test that ran for roughly a month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The world of ridesharing — one that has expanded into such areas as food delivery and last-mile transportation needs via scooters — is about to get really interesting. Not only that, but more clarity will soon emerge about the real and perceived health of the overall...
Didi Chuxing, the Chinese ride-hailing company, wants to take on Uber in Latin America, eyeing Chile, Peru, and Colombia. 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...
Uber, the ride-hailing startup, filed a lawsuit against the city of New York last week seeking to overturn a rule that puts a cap on the number of drivers that work for ride-hailing companies that can operate in the city. Get the Full Story Complete...
Uber is blaming a rise in the minimum wage for its decision to boost prices in New York City. 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...
