Hailing a ride is becoming increasingly expensive for consumers.
The price of Uber and Lyft rides is through the roof ahead of Memorial Day Weekend – with some passengers saying they’re paying less for cross-country flights.
Wall Street's week ahead includes Costco earnings, more Bitcoin volatility and a fresh read on US GDP.
California's clean air regulator on Thursday adopted rules to mandate that nearly all trips on Uber and Lyft's ride-hailing platforms have to be in electric vehicles over the next few years, the first such regulation by a U.S. state.
The Biden administration is blocking a Trump-era regulation that would have made it easier to classify gig workers and others as independent contractors, a policy that had been sought by companies such as food-delivery and ride-sharing services.
Lyft Inc. said demand for rides improved in the first quarter compared with much of last year when the pandemic sunk ridership.
Uber and Lyft deny that their drivers are misclassified, saying the vast majority enjoy the flexibility that comes with on-demand work
The move comes more than a year after Uber released its first safety report, detailing about 6,000 reports of sexual assault
The suit contends the measure that passed in November violates California's Constitution
Lyft Inc. posted a narrower loss for 2020 even as the coronavirus pandemic hammered its business, signaling that the ride-hailing company is pivoting toward profitable growth despite the unprecedented crisis.
With the pandemic still suppressing ridesharing demand, Wall Street is keen to know how soon Uber Technologies Inc and Lyft Inc expect a rebound and how they plan to keep costs under control until then.
Facebook, Lyft and DoorDash announced Wednesday that they will no longer be donating to the Republican Attorneys General Association after reports that the group helped organize robocalls urging protesters to descend on the Capitol on Jan. 6, when a violent mob attacked the building.
Lyft is hoping to expand its delivery services amid the coronavirus pandemic, which has weighed heavily on the bottom line of ridesharing companies.
DoorDash CEO Tony Xu said California's passage of Prop. 22 is a win for "Dashers."
Californians have reportedly voted yes on a ballot measure to exempt gig workers from state labor laws.
A California state superior court has ruled that Uber can continue pushing pro-gig worker messages to its drivers through the rideshare app.
A new lawsuit accuses Uber of induating drivers with messagaes about supporting the classifcation of drivers as independent contractors.
A California judge in August ordered the companies to reclassify their drivers as employees, a ruling the companies appealed under the threat of leaving the state altogether
All U.S. employees will receive a free one-way Lyft ride up to $75 to the polls to vote.
As voting rights organizations have warned of poll worker shortages -- largely due to the coronavirus pandemic -- companies have banded together to bolster the recruiting process and make voting easier for employees across the country.