The ride-hailing company is seeing signs of recovery as cities, states and countries lift lockdown restrictions, but the pandemic has taken a steep toll.
Many Lyft and Uber drivers have given up on driving, because they aren't making enough money to take the risk of potentially exposing themselves to the coronavirus. Jerome Gage is still at it.
Months ago, there was speculation the company could be valued as high as $120 billion. Instead, the company is taking a more conservative approach — relatively speaking, anyway.
Uber has never been profitable, yet the ride-hailing company may be valued at as much as $90 billion when it goes public Friday. It will be one of the largest tech IPOs ever.
Researchers compared data from fall 2010 — before the companies made inroads in the city — and fall 2016. They found that the companies are to blame for more than half of a big increase in traffic.
The ride-hailing giant maintains that drivers are self-employed and don't have a right to a minimum wage, but British authorities rejected the argument. Uber plans to appeal again.
A small startup called Liberty Mobility Now is staking itself as the Uber of rural America. But to find its niche there, it has had to adapt everything from its app to its driver training.
Until recently, migrant workers, lured by bonuses, drove for China's largest Uber-like service. But some local governments banned out-of-town drivers, apparently to protect local jobs and curb growth.
A survey of 1,150 drivers found that those working for Lyft made more on average than those at Uber. It also illustrates demographics of participants in the ride-hailing industry.
While Uber and Lyft both fight in courts to keep their workers as independent contractors, new ride-hailing startup Juno is moving to offer full employee status and other benefits.
In China, Didi Chuxing dominates the ride-hailing market — despite Uber's attempts to break in. Now Apple Inc. is investing big in the service, ahead of a visit to China by Apple CEO Tim Cook.
The ride-hailing firms spent millions trying to persuade city voters to reject rules requiring drivers to be fingerprinted. But they lost, and now say they're "pausing" operations in Texas' capital.
Uber is using machine learning to predict high demand, which would allow the app to schedule extra drivers instead of hiking rates at busy times. But such a change would hurt driver pay.
