Lyft plunges nearly 20% after weak forecast sparks fears its losing race with Uber
Lyft shares plunged 17% on Wednesday after the company gave a weak outlook for the key summer quarter, sparking concerns that it is being edged out by rival Uber. Uber and Lyft, which reported strong results on Tuesday, are locked in a fierce battle for market share in the North American ride-hailing sector. Uber, which […]
Uber tops second-quarter revenue, profit estimates on strong ride demand as employees return to in-office work
Uber beats Wall Street expectations for second quarter Sales and profit rose on Tuesday from the previous quarter as demand for rides increased as employees returned to working in offices at closer to pre-pandemic levels. Revenue rose 16 percent to $10.7 billion, beating LSEG’s analyst forecast of $10.57 billion. Total bookings rose 19 percent to […]
NYC Uber driver says passenger pepper sprayed him over skin color: ‘Hate crime’
A young woman who allegedly attacked an Uber driver with pepper spray in Midtown this week did so because of the color of his skin, the driver claimed to The Post on Saturday. “Her friend was yelling, ‘Jen, Jen, what are you doing? What’s going on?’” the driver, Shoher Mahmoud, recounted Wednesday’s incident. “Her friends […]
Woman Caught On Video Allegedly Pepper Spraying NYC Uber Driver
A woman was seen on video pepper spraying an Uber driver in Manhattan late Tuesday night, according to the New York Post. Jennifer Guilbeault, 23, is accused of pepper spraying the Uber driver. videoIt spread across social media platforms. RedditVideos posted to Instagram and YouTube show Guilbeault sitting in the back seat of a car […]
Disturbing video shows woman unleash pepper spray in NYC Uber driver’s eyes: ‘What the f–k!’
Shocking video shows the moment a young woman sprayed pepper spray into the eyes of an Uber driver in Manhattan this week. The woman was arrested and released with a summons. According to police and footage, Jennifer Guilbeau, 23, was riding in the back of an Uber with another young woman on the corner of […]
California Supreme Court rules Uber, Lyft drivers classified as contractors
The California Supreme Court ruled Thursday that drivers for Uber and Lyft are classified as independent contractors, not employees. The court ruled in favor of Proposition 22, a years-old ballot measure, ending a legal battle that could have reshaped California’s gig economy if it had been overturned, The New York Times reported. This was pointed […]
Uber, Lyft win major ruling in California that treats drivers as contractors
California’s Supreme Court on Thursday upheld a voter-approved measure that allows app-based services such as Uber and Lyft to treat drivers in the most populous state as independent contractors rather than employees entitled to more benefits. The California Supreme Court’s decision is a major victory for the ride-hailing industry, which has argued that many companies […]
CrowdStrike sends $10 Uber Eats gift cards as apology for global IT meltdown: report
CrowdStrike will reportedly offer customers $10 Uber Eats gift cards as an apology for the disastrous software update that caused a global tech meltdown last week. On Friday, a CrowdStrike glitch caused millions of computers running the Microsoft Windows operating system to experience a “blue screen of death,” rendering them unable to boot. CrowdStrike is […]
Uber, Lyft agree to minimum pay, benefits in Massachusetts settlement
Uber and Lyft agreed to provide drivers with a minimum wage, paid sick leave and other benefits as part of a $175 million settlement that resolves a years-long legal battle with the state of Massachusetts. Ride-share companies would be required to pay drivers a minimum wage of $32.50 an hour, provide one hour of paid […]
Uber loses challenge to California gig work law in US appeals court
A U.S. appeals court on Monday rejected a bid by Uber and subsidiary Postmates to secondarily challenge a California law that could have forced companies to treat drivers as employees rather than independent contractors, who are typically cheaper. An 11-judge panel of the 9th U.S. Circuit Court of Appeals in San Francisco upheld a lower […]