How Donald Trump’s birthright citizenship proposal affects H-1B workers and their familiesUS President Donald Trump’s proposed birthright citizenship policy causes uncertainty for H-1B visa holders, particularly those expecting c...
28 Jan, 2025, 01.42 AM 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, 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
Biden administration issues rule that could curb 'gig' work, contractingThe U.S. Department of Labor issued a rule compelling companies to treat certain workers as employees, not contractors, impacting industrie...
09 Jan, 2024, 09.30 PM IST
Uber, Lyft to pay $328 million to settle New York wage theft claimsUber and Lyft will collectively pay $328 million to settle allegations from New York's attorney general that they systematically underpaid ...
02 Nov, 2023, 08.46 PM IST
California court upholds Uber, Lyft drivers being contractorsThe ruling came as a victory for ride-share firms and food-delivery app platforms that backed a measure called Proposition 22 ahead of its ...
14 Mar, 2023, 03.52 PM IST
Lyft to lay off 683 employees in cost-cutting pushLyft's latest move is expected to result in a charge of between $27 million and $32 million in the fourth quarter. It follows 60 job cuts e...
03 Nov, 2022, 10.37 PM IST
Uber, Lyft have a California playbook to fight proposed U.S. rules on workersThe looming fight over the status of gig-economy workers comes amid a wider debate over business regulation.
04 May, 2021, 11.08 AM IST
Nasdaq closes higher with tech stocks back in favorAfter falling sharply for two days, the tech-heavy Nasdaq was boosted by "stay-at-home" stocks such as Microsoft , Amazon.com Inc, Apple In...
12 Nov, 2020, 06.43 AM IST
The sharing economy faces the abyss in a pandemicUber told investors this month that it expected to close out the year with between $4 billion and $6 billion in cash. That’s a lot of money...
28 Mar, 2020, 10.48 AM IST
Uber faces proposed ‘IPO tax’ in a divided San FranciscoThe potential law, which some are calling an “IPO tax,” reflects uneasiness in a city with constant reminders of the income gap, from Googl...
25 Apr, 2019, 02.33 PM IST
Lyft snaps up a tag of $24.3 bn as IPO goes the distanceThe first ride-hailing IPO raised more than it had set off to do as investors overlooked uncertainty.
29 Mar, 2019, 11.37 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
Uber’s losses widen as SoftBank launches bid to buy sharesThe San Francisco-based company reported financials to shareholders as part of a formal bid Tuesday night from a SoftBank Group Corp.-led c...
30 Nov, 2017, 10.48 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
Uber merging China operations with Ola investor Didi Chuxing in a $35 billion dealUber will reportedly continue to operate its own app in China for now. Uber declined to comment on this to the publication.
01 Aug, 2016, 02.32 PM IST
China launches state-owned app to compete with Didi, UberTwo taxi operators in the Chinese capital -- Shou Qi Group and Beijing Xianglong Taxi Co Ltd -- jointly launched a mobile app today to let ...
17 Sep, 2015, 07.36 PM IST