March 15, 2024
Uber, Lyft to Exit Minneapolis After Minimum Wage Vote
Uber and Lyft will reportedly halt their operations in Minneapolis after the city council voted to require that drivers be paid a minimum wage of $15.57 per hour. The rideshare...
February 22, 2024
Uber Looks to Tap Into India’s Scooter and Motorbike Market
Uber reportedly wants to move deeper into India’s two- and three-wheeled vehicle market. Speaking during an event Thursday (Feb. 22) in Bangalore, CEO Dara Khosrowshahi said the company was trying out services...
February 16, 2024
From Data Myths to Data Reality: What Generative AI Can...
It is often said that so-called “data network effects” entrench incumbents in both the markets where data is collected and adjacent markets. If true, this suggests the largest online platforms...
February 15, 2024
InDrive Says Transparent Ride-Hailing Pay Structure Will Ensure Fair Compensation...
The emergence of ridesharing platforms such as Uber and Lyft has not only transformed commuting habits but also reshaped the gig economy landscape, granting drivers unprecedented levels of flexibility and autonomy. However, complex gig...
February 14, 2024
Uber, Lyft, and DoorDash Drivers Stage Nationwide Strike for Fair...
On Wednesday, drivers for Uber Technologies, Lyft, and delivery workers for DoorDash united in a nationwide strike, demanding fair pay and improved working conditions. The protest, organized by various driver...
February 14, 2024
Uber, Lyft Differences Boil Down to Transportation vs End-to-End Mobility
Uber and Lyft’s most recent earnings reports spotlight a widening divergence in approach in business models. At first glance, there’s a core focus for both firms: That would be matching...
February 13, 2024
Lyft Says ‘Continuous Innovation’ of App Earns Record Annual Ridership
Lyft says differentiated offerings on its app helped drive its annual ridership to the highest level in the company’s history. For full-year 2023, the rideshare platform had more than 40 million...
February 13, 2024
Uber Driver Speeds Ahead in PYMNTS Provider Ranking of Gig...
After spending so much money on gifts these last few months, it’s time to bring in some extra cash, but where do you look? The PYMNTS Provider Ranking of Gig Platform...
February 13, 2024
Finom Raises $54 Million to Expand Digital Business Banking Solution
Finom has raised 50 million euros ($53.6 million) in Series B financing to expand its digital business banking solution in the European Union (EU). The company is scaling up hiring...
