Lyft shares rose in extended trading Tuesday by about 60% before falling just 18% after the company’s chief financial officer admitted on an earnings call that the earnings press release contained a major error. Here’s how the company compared to analyst estimates: Earnings per share: 18 cents adjusted versus 8 cents estimated by analysts, according … Read more
Tesla wants to fight the monopolization of Supercharger locations by drivers Uber in New York City. An aberration ? It’s the snake that bites its own tail. After selling thousands of Model Ys to Uber, here is Tesla get annoyed by too many drivers squatting at fast charging stations in NYC. However, they need to … Read more
ANPNeelie Kroes NOS Nieuws•vandaag, 20:10 Former European Commissioner and VVD prominent Neelie Kroes has not broken any European rules with her lobbying work for taxi service Uber. This is what the European anti-fraud agency OLAF says. The agency investigated Kroes last year after publications about her lobbying work in the so-called Uber Files. According to … Read more
Through an official statement, the Miami-Dade Department of Transportation and Public Works (DTPW) reported on a temporary alliance with the company Uber, which will provide free service in the county in order to support to users who have been affected by the recent changes made to the public transportation service. The changes are part of … Read more
New York Attorney General Letitia James announced this Thursday a historic settlement totaling $328 million with ride-sharing companies Uber and Lyft for “defrauding” drivers out of hundreds of millions of dollars. The settlement resolves years-long investigations into Uber and Lyft, which found that the companies’ policies withheld drivers’ hard-earned wages and prevented them from receiving … Read more
“Historic” agreements. In the United States, the vehicle reservation platforms Uber and Lyft have reached agreements with the courts of New York State: they will have to return $328 million to injured drivers ($290 million for Uber and $38 million for Lyft). This is the largest compensation theft settlement ever obtained by the state’s attorney’s … Read more
NEW YORK — Ride-hailing companies Uber and Lyft will pay a combined total of $328 million to settle wage theft lawsuits in New York, Attorney General Letitia James announced Thursday. James said the settlements resolve investigations into companies that improperly charged drivers sales taxes and other fees when the costs should have been paid by … Read more
Despite the jump in revenues of the Saudi Public Investment Fund by more than 31% last year, it turned into a loss due to book losses in some of its investment activities of more than 41 billion riyals, under pressure from the decline in global stock prices. By the end of 2022, the revenues of … Read more
The minimum wage for New York delivery drivers would go from $7 an hour to $17, Mayor Eric Adams announced over the weekend, becoming the first city in the United States to order a wage increase for this economic sector. . In this way, the income of the distributors would triple in the coming years. … Read more
Uber has launched a new update to make it easier for riders to choose eco-friendly transportation. The feature, called Uber Green Reserve, allows Londoners to pre-book all-electric rides up to 90 days in advance. By selecting the Green Uber option, riders can help reduce their carbon footprint while also supporting drivers who earn 10% more … Read more