Rideshare rebound: Breaking down Uber’s and Lyft’s big Q3
Q3 2021 marked the first adjusted EBITDA-profitable quarter in Uber’s publicly traded history and the second in a row for Lyft.
Q3 2021 marked the first adjusted EBITDA-profitable quarter in Uber’s publicly traded history and the second in a row for Lyft.
Three British Columbia Uber drivers allegedly were fired after refusing to serve unmasked passengers who threatened violence and bad reviews.
The proposed $1 trillion infrastructure package includes a provision that would study the potential for a “driving tax” of 8 cents per mile.
Modern Shipper polled the Uber/Lyft Drivers Facebook group to see which apps rideshare drivers are really using
Modern Shipper polled Uber and Lyft drivers to find out their favorite electronic assistants.
President Biden wants half of all vehicles to be electric by 2030, and ride-hailing companies will need to adapt to survive.
Gig economy employers are feeling the pressure to provide benefits and protections to drivers.
Security firm ADT has introduced free apps that allow rideshare and delivery drivers as well as passengers to connect discreetly with emergency services when they feel at risk.
Rideshare drivers sometimes need a cash advance to cover short-term expenses, but traditional banks offer few options. COVERR hopes to bridge that gap.
In an investment note this week, Mizuho Securities USA indicated it believes the Biden administration is more likely to issue guidance on gig worker classification rather than a formal rule.
The California Air Resources Board has voted to require rideshare companies like Uber and Lyft to conduct 90% of all rides in electric vehicles by 2030.
Two Democratic senators have introduced a bill that would offer gig workers a $250 unemployment benefit as part of an overhaul of unemployment insurance.
Singapore-based Grab has finalized a SPAC merger with Altimeter Growth Corp. that will value it at $39.5 billion upon its public debut.
Uber will spend $250 million on driver stimulus incentives in an attempt to lure drivers back to the service as the lifting of COVID-related restrictions increases demand.
A lawsuit in New York claims that rideshare company Via has refused to pay for and enter arbitration with drivers who believe they are employees and not independent contractors.
Gig workers are eligible for unemployment payments but verifying income levels can be difficult. The Workers Lab and Steady are teaming up to improve the process.
Just weeks after a U.K. court ruled that Uber drivers are essentially employees, a new push is on in Canada to unionize gig workers.
In its first earnings statement as a public company, DoorDash posted record revenue and order volumes, but cautioned on 2021.
Volatile rates per hour and supply demands impacted gig economy drivers in 2020, but a brighter outlook is ahead.
Lyft said it is investing in the business so it is positioned to benefit in an expected rideshare rebound, perhaps as early as Q2.
The gig economy grew at a 33% rate in 2020 as more workers looked for flexible work schedules and ways to supplement, or even replace, lost income during the pandemic.
A new organization in New Jersey backed by app-based companies and community leaders is working to ensure gig workers can maintain their flexible and independent employment status.
A rideshare drivers union that has helped push up wages and benefits for gig economy workers in New York City has expanded to Chicago.
New program to help qualifying Uber drivers earn money driving trucks