Tag: Uber Technologies Inc

Texas abortion law: Lyft, Uber to defend drivers sued under Texas abortion law

Lyft Inc. and Uber Technologies Inc. pledged to pay legal fees for drivers who are sued under Texas’s new restrictive abortion law, which threatens to...

Judge shoots down law that kept Uber and Lyft drivers from being employees

A judge late Friday shot down a law that would have allowed app-based companies to continue treating drivers as contractors instead of employees in California,...

Uber showed drivers lower fares than passengers, blames California law it supported

Uber Technologies Inc. acknowledged Friday it had been showing drivers lower fares than what riders actually paid and promised to change the practice, which it...

Uber and Lyft drivers strike, seek passage of PRO Act

Ride-hailing drivers across the country executed a strike Wednesday, calling on the U.S. Senate to pass the PRO Act, a bill that would allow them...

Opinion: 5 smart ways to shift your investments as the Fed gets ready for a big move

Fed policymakers surprised a lot of investors on Wednesday by signaling that tapering and interest-rate hikes are finally on the way. Investors sat up and...

Conor McGregor tops the list of highest-paid sports stars

The COVID-19 pandemic did not slow the earnings of the elite sports stars over the past 12 months. According to an annual list released by...

Opinion: Uber investors finally see the costs of treating drivers as employees, and the stock is falling

Uber Technologies Inc. has spent and fought to keep its drivers from becoming classified as employees instead of contractors, and investors finally got a glimpse...

Uber and Lyft expect ride-hailing to make a sharp recovery, but there are some potential roadblocks

As more people get vaccinated against COVID-19 and pandemic restrictions ease, the ride-hailing industry is gearing up for a comeback, but is facing potential roadblocks....

Netflix and Uber support U.S. voting rights, while fighting their own investors’ pushes for more democratic practices

Netflix Inc., Uber Technologies Inc. and some of the hundreds of big companies that signed a statement Wednesday speaking up against voting-rights restrictions oppose shareholder...

PRO Act, called ‘most important labor legislation in several generations,’ passes House

The U.S. House of Representatives on Tuesday passed the PRO Act, which supporters called the most significant labor legislation in decades and opponents characterized as...

Uber rides recovering and delivery bookings rise 128%, but revenue misses expectations

Uber Technologies Inc. on Wednesday reported fourth-quarter and full-year results that showed a continued recovery from the effects of the coronavirus pandemic, but it continued...

Lawsuit seeks to throw out California measure that protects ‘gig economy’ business model

Ride-hailing drivers and the Service Employees International Union filed a lawsuit against California on Tuesday that asks the state Supreme Court to invalidate Proposition 22...

California post-Prop. 22: Gig workers to see pay changes, customers to see higher prices

Californians this week will start to see the effects of Proposition 22, the ballot measure that 58% of the state’s voters passed in November. The...

The pandemic has more than doubled food-delivery apps’ business. Now what?

Zachary Davis, owner of The Glass Jar restaurant group in Santa Cruz, Calif., said he intentionally avoided working with food-delivery apps before the COVID-19 pandemic...

Big business spent millions to sway Californians’ votes, and received billions in return

California voted on a dozen propositions in Tuesday’s election, with two receiving large corporate financial commitments. Getty Images Large public companies proved Wednesday that spending...

Companies try to avoid Election Day earnings, but there are still plenty of numbers coming

The week ahead brings another packed earnings slate, but it’s likely to get overshadowed by far bigger events.  Even with companies largely trying to avoid...

SoftBank Group: SoftBank Vision Fund posts record $17.7 billion loss on Oyo, WeWork and Uber

By Pavel Alpeyev SoftBank Group Corp. said its Vision Fund business lost 1.9 trillion yen ($17.7 billion) last fiscal year after writing down the value...