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 strike across US, demanding fairer payWorkers say the rideshare and food delivery platforms are taking disproportionate sums from their fares as fees, hurting their earnings. Th...
15 Feb, 2024, 09.34 AM IST
Uber and Lyft to pay $328 million to address wage and sick leave issues in New YorkUber and Lyft have settled for a combined $328 million to resolve wage theft claims in New York. The settlement follows investigations into...
02 Nov, 2023, 10.39 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
Uber, Lyft to pay $328 million to settle New York wage theft claimsDrivers will also be guaranteed minimum hourly rates and paid sick leave, and be given notices and in-app chat support to address their que...
02 Nov, 2023, 04.21 PM IST
Lyft to pay $10 million civil penalty over disclosure failuresLyft has agreed to pay $10 million to settle Securities and Exchange Commission charges it failed to disclose a board member's financial in...
18 Sep, 2023, 07.36 PM IST
Apple gives 'reader' apps on App Store a way around commissions. Who wins & who loses?Apps such as Spotify, Netflix, AT&T's HBO Max & Disney+ are likely to fall in this category.
03 Sep, 2021, 07.12 PM IST
Uber Eats revenue continues to grow in Q1, ride-hailing remains flatUber's ride-hailing business had to absorb a $600 million hit to account for a settlement with its more than 70,000 UK drivers and provide ...
06 May, 2021, 10.08 AM IST
An Urban unicornFrom Urban Company becoming India's latest startup unicorn, to smartphone sales set to take a hit due to Covid and Toyota buying Lyft's sel...
27 Apr, 2021, 07.42 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 rejects labeling drivers as employees under California lawThe idea that drivers are not core to Uber’s business is one that elicits indignation from critics, but the company has long relied on a ve...
12 Sep, 2019, 09.43 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
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
Uber said to see financial growth, possible Waymo settlementIt was the first presentation to the privately held company’s shareholders since the resignation of Chief Executive Officer Travis Kalanick...
12 Jul, 2017, 10.04 AM IST
Mary Barra named GM chair in new first for a womanBarra, who has spent her entire career at the company, succeeds Tim Solso, who will remain on the board as lead independent director, GM sa...
06 Jan, 2016, 05.26 AM IST
Victim of alleged rape by a driver on Uber network withdraws case in United States courtThe victim of an alleged rape by a driver on the network of taxi hailing app Uber in Delhi last December has reportedly withdrawn her case ...
02 Sep, 2015, 12.17 PM IST
Six reasons why the sharing economy is built for millennialsTechnology, today has given an entire new meaning to sharing and collaboration, with many now claiming the world is experiencing a "sharing...
18 Mar, 2015, 12.20 PM IST