Uber

Uber reported a net loss of $5.9 billion during the first quarter of 2022 on revenue of $6.9 billion.

Lyft Inc. said it would invest in the current quarter to ensure adequate driver supply and grow its ride-hailing platform, spooking investors as the spending weighs on operating profit.

Uber has agreed to shell out $19 million for misleading Australia riders over cancellation fees and inflating estimates of comparable taxi rides.

Uber will no longer require riders and drivers to wear masks effective immediately, the company announced Tuesday.

Uber said it is restarting its ridesharing service in the Ukrainian capital of Kyiv on Thursday with the goal of supporting “a return to normality as quickly as possible.”

Uber and Lyft said they are suspending surge pricing near a Brooklyn neighborhood where a gunman opened fire on a subway Tuesday morning after New Yorkers voiced outrage about inflated fares on social media.

Uber told FOX Business it is considering taking further action to help the company’s drivers, who are feeling the pinch of higher gas prices and are reportedly contemplating quitting because of it.

Uber stock popped 6% during Tuesday's trading session as the ride-hailing giant is reportedly nearing a deal with Flywheel Technologies to add taxis to the Uber app in San Francisco.

The surprising shift, which comes as Uber has faced opposition from taxi groups for years, is part of a partnership with taxi-hailing apps Curb and Creative Mobile Technologies to offer more transportation options for riders and more trips for drivers.

The ride-share company's fuel surcharge takes effect this week and will last for at least the next 60 days, according to Lyft's announcement. The surcharge fees will go directly to the drivers.

Uber and Lyft drivers consider quitting over rising fuel costs.

Rideshare company Lyft has followed its competitor, Uber, in adding a fuel surcharge to customers due to soaring gas prices.

Uber Technologies Inc said on Friday U.S. customers, excluding New York City, will have to pay a fuel surcharge from March 16 as the ride-hailing firm tries to address concerns of drivers and couriers hit by record high gasoline prices.

Americans are rethinking their driving and spending habits as gas prices surge to record highs.

As part of its "free rides as the border" announcement, the company also said its offering free rides for staff at Migrant Welcome Centers. Uber will also deliver goods to nonprofit warehouses in Poland for free.

Uber has removed three executives from the board of Yandex, a Russian internet search engine, as more major western corporations distance themselves amid Moscow's invasion of Ukraine.

Federal investigators spent years hunting for clues in the 2016 hacking of the Bitfinex cryptocurrency exchange, when thieves stole bitcoin now worth $4.5 billion. In the end, what helped lead them to two suspects was something much more quotidian: a $500 Walmart gift card.

The agency's reminder came just after Uber capitalized on the big game to inform users that they now can order non-food items, like household supplies, through its delivery service.

Uber’s ride-hailing service edged closer to returning to its pre-pandemic levels during the final three months of last year, but its prospects remain clouded by the future direction of the novel coronavirus that has plagued its business.

Lyft Inc. said revenue increased 70% in the fourth quarter, as longer trips and higher fares offset weaker-than-expected ridership numbers