In an attempt to retain its drivers and recruit new ones, Uber is revamping its driver support system. 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...
Ridesharing company Lyft’s gross bookings grew approximately 25 percent to more than $1 billion in the second quarter — a faster rate than that of carsharing competitor Uber. Uber told investors earlier this month it expected gross bookings would increase in the “mid-teens” for the quarter. Get...
Didi Chuxing, the Chinese ride-hailing company, and SoftBank are reportedly teaming up to invest $2 billion in Grab, the leading ridesharing company operating out of Southeast Asia. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Startup Cargo has raised $1.75 million in seed funding to place mobile shops in Uber and Lyft drivers’ vehicles. 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...
Grab Taxi Holdings, the Singapore ride-hailing company and Uber Technologies’ largest rival in Southeast Asia, is in the processing of raising $2 billion in venture capital (VC) funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Uber Technologies’ venture capitalists and the company’s board may be gearing up for a share sale to SoftBank Group and others, at the urging of early investor Benchmark, Bloomberg reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Uber announced Thursday (July 13) that it is teaming up with Yandex to create a new company that combines its Rides and EATS business in Russia. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Uber told investors to expect bookings to increase and losses to narrow during its first presentation to shareholders since Travis Kalanick was pushed out as the company’s CEO. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The New York Times reports news that ride-hailing has returned to New York state and Long Island after a two-year battle by Lyft, Via, Uber and others to lift the ban on their carsharing services. Among the reasons for the ban were concerns about the...
