Lyft

As California's new labor law threatens the "gig economy" model, Uber Technologies Inc. (NYSE: UBER) is out to prove that it's just a "technology platform." What Happened The San Fransisco-based ridesharing company is bringing changes to the fare structure on its...

Ridesharing company Uber Technologies Inc’s (NYSE: UBER) shares were down in after-hours trading on Thursday as the company released its first-ever safety report. What Happened Uber said that about 3,045 incidents of sexual assaults were reported on the 1.3 billion rides taken...

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...

The venture capital firm that backed Facebook, Inc. (NASDAQ: FB) and Lyft Inc (NASDAQ: LYFT) is making its first investment in an autonomous trucking startup that was born of artificial intelligence research from the Massachusetts Institute of Technology. Founders Fund is leading a $15 million...

Uber Technologies Inc (NYSE: UBER) has been through a rough patch since its IPO in May as the company lost a third of its value since then. Now, the company reported its third quarter earnings which show it is continuing its losing streak, causing its stock to go down nearly 7% following the report...

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...

Wringing more revenue per rider helped drive record third quarter revenues for LYFT Inc, (NASDAQ: LYFT) but the company still recorded nearly double the net loss compared to the same period last year.   The ride-hailing conglomerate, whose fortunes have wobbled since it went public last spring,...

The biggest names in the gig economy are seeking to put a ballot proposal before California voters in an effort to overturn a new state law that limits the firms' ability to use independent contractor drivers. Uber Technologies Inc (NYSE: UBER), Lyft Inc (NASDAQ: LYFT) and DoorDash filed paperwork...

After Uber Technologies Inc. (NYSE: UBER) and LYFT Inc (NASDAQ: LYFT) executives failed to appear at a hearing on Capitol Hill at which they were to be chastised for lax safety oversight, lawmakers turned their attention to the merits of making it more difficult for employers to hire independent...

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...

WeWork yesterday announced that it was filing to withdraw its IPO after major issues with valuation and governance were revealed to the public. With this move, they lose out on $6B in loans they would've received if they'd raised at least $3B in an IPO this year. Its valuation has been...

It is a truth universally acknowledged that a popular consumer product does not always make a great investment. The e-scooter craze is a recent example. "Even if scooters become ubiquitous that doesn't mean that any individual scooter company will generate outsize returns," said Dan Hoffer,...

All urban residents know that taking a car from point A to point B isn't always the best choice. Traffic could be heavy, and taking public transportation makes more sense. Money could be tight, and riding a bike is cheaper. Now with shared bikes and e-scooters populating major U.S. cities, the...

Bus ridership is waning. If you've been to a major urban area lately where ride-hailing and microbolity options abound, this may come as no surprise.  Cities need buses not only to lessen the congestion and pollution brought on by car ownership and the surplus of rideshare drivers, but to provide...

The gig economy is under attack in California.  On Tuesday, California lawmakers passed the AB5 bill, which will require app-based companies like Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) to provide employee benefits to their contact workers.  "Last year the Supreme Court...