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Ride-Hailing App Lyft Could Be Headed to Profitability
Lyft's stock price rose by more than 9% after better-than-expected earnings in the fourth quarter. Lyft's stock price rose by more than 9% after better-than-expected earnings in the fourth quarter. -
U.S. Tech Firms Can Compensate Gig-workers With Equity Under SEC Proposal
The U.S. securities regulator on Tuesday proposed a pilot program to allow tech companies like Uber and Lyft to pay gig workers up to 15% of their annual compensation in equity rather than cash... The U.S. securities regulator on Tuesday proposed a pilot program to allow tech companies like Uber and Lyft to pay gig workers up to 15% of their annual compensation in equity rather than cash... -
Didi Chuxing Has Ambitions Beyond Ride Hailing In Spite Of Earlier Failures
Didi Chuxing wants to expand its e-commerce business to more cities in China following a three-month, small-scale pilot in Chongqing. Didi Chuxing wants to expand its e-commerce business to more cities in China following a three-month, small-scale pilot in Chongqing. -
Uber, Lyft Restart The Meter On California Rides
Uber, Lyft delay plans to pull out of California after delay in order they reclassify their drivers work status. Uber, Lyft delay plans to pull out of California after delay in order they reclassify their drivers work status. -
Uber Sheds $1.8 Billion In Second Quarter As People Stayed Home Due To Virus
Uber was still able to earn $2.24 billion in total sales for the current quarter despite the loss. Uber was still able to earn $2.24 billion in total sales for the current quarter despite the loss. -
Amazon To Buy Driverless Car Startup Zoox For Under $3.2 Billion
Zoox has been approached by other firms in the automotive industry with regards a possible acquisition bid Zoox has been approached by other firms in the automotive industry with regards a possible acquisition bid -
Uber and Lyft Suspends Operations In The US And Canada
Uber will be suspending its Uber Pool service in the US and Canada, while Lyft will be suspending its operations in all markets. Uber will be suspending its Uber Pool service in the US and Canada, while Lyft will be suspending its operations in all markets. -
Uber Transfers Staff To Philippines After LA Office Shutdown
Staff said they were not given advance notice that their positions would be transferred to the Philippines. Staff said they were not given advance notice that their positions would be transferred to the Philippines. -
Uber And Lyft Finally Granted Licenses To Operate In Vancouver
Vancouver's Passenger Transportation Board (PTB) has finally reversed its decision and has now allowed ride-hailing companies to operate in its city. Vancouver's Passenger Transportation Board (PTB) has finally reversed its decision and has now allowed ride-hailing companies to operate in its city. -
Lyft Files Suit Against New York City Over Cruising Limitation
Lyft has filed a lawsuit against the city of New York aimed at halting its cruising cap rule. Lyft has filed a lawsuit against the city of New York aimed at halting its cruising cap rule.