ride-sharing

Uber Technologies Inc (NYSE: UBER) is reportedly considering strategic maneuvers to expand its market share in Europe. The San Francisco-based company is in discussions to purchase German ride-sharing app Free Now, according to Bloomberg. Formerly known as MyTaxi, Free Now is a product of Your...

Uber Technologies Inc (NYSE: UBER) shares are down 5.4% in the last three months, and one of the biggest factors weighing on the stock is California’s AB5 law, which could potentially completely overhaul the company’s business model by forcing Uber to classify its drivers as employees...

While low ride volumes and increased regulations will remain headwinds in the near-term, Uber Technologies Inc (NYSE: UBER) is well-positioned to tackle these challenges and capitalize on the structural trends toward ride-sharing and delivery, according to Daiwa Capital Markets. The Uber...

Ride-hailing company Uber Technologies Inc (NYSE: UBER) will continue its food delivery service Uber Eats in California even if it's forced to shut down its primary business, according to a Reuters report Monday. What happened: An Uber spokesman confirmed that the Uber Eats business...

Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) must classify their workers as employees with benefits, a judge in San Francisco, California, ruled Monday, Bloomberg reported. What Happened Ride-hailing companies’ efforts to avoid paying benefits, such as health care...

Waymo, the autonomous driving unit of Alphabet Inc (NASDAQ: GOOGL), has announced that it will shut down all of its human-monitored self-driving taxis across Phoenix, Arizona, in a bid to protect employees from contracting the coronavirus. However, the truly self-driving vehicles that run without...

Magna International (TSE: MGA) is ending its costly two-year partnership with LYFT Inc (NASDAQ: LYFT) to jointly develop self-driving technology, the Canadian automotive supplier said Thursday as it announced that it expected sales to decline in 2020.  The company offered no reasons for the move,...

In just two years, Uber Technologies Inc (NYSE: UBER) lost its license to operate in London due to a pattern of failures in both safety and security. London is one of Uber's most vital markets, sadly for its black cab drivers who even blocked streets as part of their protest, arguing their...

Uber Technologies Inc. (NYSE: UBER) and LYFT Inc. (NASDAQ: LYFT) are pushing back against lawmakers challenging their independent contractor model. The companies asserted that most of their drivers prefer the flexibility that employment approach provides. In written responses to questions raised...

Disruptive companies that changed the world we know had raised record funds in private. But things went south when they went public as there was no unlimited demand to tap into. Their disappointing post-IPO performance made it clear that private investors were too optimistic. And there aren't...

Bird, a leading micro-mobility company founded in 2017, has just completed a $275 million Series D round of venture capital funding with CDPQ and Sequoia Capital leading the round.  This announcement by Bird CEO and founder Travis VanderZanden occurred on October 3 at TechCrunch Disrupt San...

Urban congestion remains an annoyance to the traveler and a grief to the environment. BlaBlaCar, a Paris-based online carpooling platform, has just offered to acquire Busfor, which would be its second bus fleet acquisition in 2019. Busfor is the leading bus-ticketing platform in Russia, Poland and...

This week Lime announced its 100th micromobility ride since 2017, the year it was founded.  Also this week Lime announced its removal of Limepods from Seattle, which is also where Lime is preparing to release its first fleet of electric scooters next spring. The last day to sign up for a Limepod...

When an airplane lands, passengers are quick to disable airplane mode in order to manage the next steps in their travel logistics. For an international passenger, finding reliable service or wireless often proves to be difficult. Those passengers may be more likely to hail a taxi or rely on public...