Walmart Allegedly Opened Unauthorized Bank Accounts for Over 1 Million Drivers: CFPB Files LawsuitWalmart, alongside fintech firm Branch Messenger, faces serious allegations from the Consumer Financial Protection Bureau (CFPB) for openin...
24 Dec, 2024, 09.26 PM IST
A ride-hailing startup in Washington tries to 'out-Uber'Founded in 2019, the ride-hailing startup Empower has become a serious rival to Uber and Lyft in Washington. It now does 100,000 rides in t...
23 Dec, 2024, 11.05 AM IST
Uber and Lyft agree to give Massachusetts drivers minimum payUber and Lyft settled a legal dispute in Massachusetts, ensuring benefits for gig workers and maintaining driver classification as independ...
28 Jun, 2024, 02.55 PM IST
Uber, Lyft drivers drop price-fixing lawsuit in CaliforniaThe drivers in a filing on Wednesday said they had dismissed their case, which hit a major setback last year when a San Francisco Superior ...
15 Mar, 2024, 09.36 PM IST
Online gig work is growing rapidly, but workers lack job protections, a World Bank report saysThat boost is generating concern, though, among worker rights advocates about the lack of strong job protections in the gig economy, where ...
07 Sep, 2023, 10.26 PM IST
Uber and Lyft drivers’ complaints are a startup opportunityAmong them are Dallas-based Alto, which hires drivers as employees and gives annual compensation. Empower, based in McLean, Virginia, and W...
21 Aug, 2022, 05.14 PM IST
California sues Uber, Lyft over misclassifying drivers as contractorsUber in a statement said it will contest the action in court, while pushing for the implementation of its own proposal for additional drive...
06 May, 2020, 11.53 AM IST
Uber’s London ban marks global backlash for ride-hailing giantsFor Uber, the loss of its license in London puts one of its biggest markets outside of the U.S at risk. The regulator found unlicensed user...
28 Nov, 2019, 11.12 AM IST
Uber unveils IPO with warning it may never make a profitUber in 2018 had $11.3 billion revenue, up around 42 percent over 2017, but below the 106 percent growth the prior year.
12 Apr, 2019, 09.30 AM IST
Warren Buffett on US economy: Things have slowed downBuffett has been on the hunt for an “elephant-sized acquisition” to spend some of his more than $100 billion cash pile.
29 Mar, 2019, 02.03 PM IST
Big winners of Uber, Lyft IPOs won’t be the usual suspectsThe filings submitted by Uber and Lyft aren’t yet public, but people familiar with each business outlined the largest shareholders.
13 Dec, 2018, 11.09 AM IST
Build a wall between Uber and Travis Kalanick: Joe NoceraEven though Kalanick is no longer the chief executive - and even though the new CEO, Dara Khosrowshahi, has vowed to “do the right thing” -...
15 Jan, 2018, 09.20 AM IST
New Uber CEO Dara Khosrowshahi keeps finding horrors at every turnSomehow, the new chief executive officer keeps finding more horrors at every turn. The latest is a cyberattack Uber had been concealing sin...
24 Nov, 2017, 12.09 AM IST
Uber's incoming CEO must fix culture: Nikesh AroraArora left SoftBank after Son, who had called him a likely successor, decided to remain at the helm of the company he founded.
17 Aug, 2017, 09.36 AM IST
Juno, a ride-hailing startup, wants to kill Uber with kindnessJuno has had early success, although it is still a very small player compared to Uber and Lyft , Uber's biggest US competitor.
27 Oct, 2016, 10.14 AM IST
Are you Alibaba-literate? 5 things to know about companyAlibaba's e-commerce platforms cater to both Chinese and global consumers, though the majority of its transactions are generated domestical...
27 May, 2016, 02.00 PM IST
The next startups on the target list of the lawyer who wants to bring down UberBesides leading the case against Uber and these new three, Riordan is pursuing clients' claims against Lyft, Instacart, Postmates, Shyp.
24 Sep, 2015, 03.51 PM IST