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 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
GoTo Denies Report of Merger Talks With Grab Holdings
GoTo has denied that it is in merger talks with Grab Holdings. The company said in a Tuesday (Feb. 13) filing that it “is not having any discussion on such matters,” Reuters reported Tuesday. Bloomberg reported Friday (Feb....
February 09, 2024
Report: Grab Holdings and GoTo Group in Preliminary Merger Discussions
Southeast Asian ride-hailing and food-delivery companies Grab Holdings and GoTo Group are reportedly in talks to merge. The companies are in preliminary discussions and are exploring various scenarios for a potential merger, Bloomberg reported Friday (Feb....
February 06, 2024
Lyft Guarantees Weekly Earnings to Boost Gig Economy Workforce
Lyft announced on Tuesday its commitment to ensuring weekly earnings for drivers, marking a significant departure from the conventional gig economy model. This initiative, the first of its kind, aims...
February 05, 2024
Yandex’s Billion-Dollar Breakup: Russia’s Tech Giant Seals $5.21 Billion Deal...
Yandex often referred to as “Russia’s Google,” has entered into a monumental 475-billion-rouble ($5.21 billion) deal, signifying the largest corporate exit from the country since Moscow’s invasion of Ukraine nearly...
February 01, 2024
Singapore Watchdog Probes Grab’s Trans-cab Acquisition
The Competition and Consumer Commission of Singapore (CCCS) has initiated a thorough examination of the proposed acquisition of Trans-cab, the nation’s third-largest taxi operator, by Grab Holdings’ unit, the Nasdaq-listed...
January 23, 2024
Report: Apple Scales Back and Delays Plans for Self-Driving Vehicle
Apple has reportedly scaled back and delayed its plans to develop a vehicle. After initially aiming for a fully autonomous vehicle, the company has scaled back its ambitions and is now...
January 09, 2024
Uber: White House Gig Worker Rule Won’t Impact Us
Uber says a proposed Biden administration rule change for gig workers will not affect its operations. The Department of Labor’s proposal makes it tougher for companies to classify workers as independent contractors,...