- Food delivery for thought
As the food-delivery business continues to expand, a few key factors, from market dynamics to legal and regulatory issues, will help determ...
08 Apr, 2022, 11.20 PM IST
Uber sees slowest recovery of ride business in home U.S. market, deliveries more than doubleUber's third-quarter results come just two days after it scored a significant win in its California home market, where voters passed a comp...
06 Nov, 2020, 01.00 PM IST
Uber, Lyft drivers aren't staff after all, voters in California take a callVoters in trend-setting California backed a ballot proposal by Uber and its allies that cements app-based food delivery and ride-hail drive...
05 Nov, 2020, 07.29 AM IST
Uber, Lyft shares jump as California set to pass gig-worker ballot measureAccording to state figures, 58% supported the measure, with nearly 95% of precincts at least partially reporting. The results are incomplet...
04 Nov, 2020, 07.27 PM IST
Uber, Lyft spend big, win in California vote about driversThe titans of the so-called gig economy bankrolled the most expensive ballot measure in state history, which was decided Tuesday with 58% o...
04 Nov, 2020, 06.14 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
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 and Airbnb lobby for gig worker bailoutUber has lost about 20% of its market value since the end of trading on on Feb. 26, and Airbnb’s board considered revising its plan to go p...
26 Mar, 2020, 09.27 AM IST
Uber slips below $70 billion value, marring a big year for IPOsUber shares debuted at $42, well below the IPO price of $45.
11 May, 2019, 03.46 PM IST
How much cash are on-demand startups burning?Staying in Asia, the ride-hailing juggernaut Didi Chuxing lost 4 billion yuan or $585 million in the first half of last year.
02 Apr, 2019, 09.48 AM 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
Lyft filing could kick off cavalcade of high-profile tech IPOsJust as Lyft beat Uber Technologies Inc. to the idea that regular people could use their cars to charge for rides, it now looks set to beat...
25 Feb, 2019, 02.10 PM IST
Self-driving dream team gets $530 million from Sequoia, AmazonAurora’s three co-founders are legendary within the tight community of roboticists and engineers who are leading the charge to make self-dr...
08 Feb, 2019, 09.50 AM IST
Microsoft sees need for regulation, laws for AI advancesMicrosoft is working on some of these areas through groups such as the Partnership on AI, which includes rivals like Amazon.com Inc., Alpha...
19 Jan, 2018, 08.12 AM IST
Jeff Bezos, Marc Benioff back Uber of trucks Convoy nowConvoy, which shippers can use to request a truck, get instant price quotes and track drivers throughout pickup and delivery, said it's rai...
28 Oct, 2015, 10.08 AM 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
Amazon is quietly testing a restaurant delivery service in bid to take on GrubHubThe move would mark Amazon's latest step to extend its online retail empire into an ever-growing array of real-world domains.
26 Aug, 2015, 12.45 PM IST