Uber Technologies Inc
Uber reports surging revenue as drivers return, but posts massive loss on investments
Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images Uber on Wednesday reported surging revenue during the first quarter as the rideshare company said it’s recovering from its coronavirus lows and wouldn’t have to put up “significant” investments to […]
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Lyft shares plunge on light guidance, continued driver incentives
A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Shares of Lyft lost more than a quarter […]
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Major companies keep largely silent as leaked Supreme Court abortion draft sparks outrage
Demonstrators hold up signs during a protest outside the U.S. Supreme Court, after the leak of a draft majority opinion written by Justice Samuel Alito preparing for a majority of the court to overturn the landmark Roe v. Wade abortion rights decision later this year, in Washington, U.S. May 3, 2022. Elizabeth Frantz | Reuters […]
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Uber reports Q1 earnings on Wednesday: Here’s what Wall Street’s watching
Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images Uber will report first-quarter earnings after the bell on Wednesday and Wall Street notes to investors are providing insight into what investors might expect. The latest financials come after what’s […]
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Lyft, Uber will cover legal fees for drivers sued under Oklahoma abortion law
Lyft President John Zimmer (R) and CEO Logan Green speak as Lyft lists on the Nasdaq at an IPO event in Los Angeles March 29, 2019. Mike Blake | Reuters Lyft and Uber said this week they will fully cover legal fees for their respective drivers who are sued under Oklahoma’s anticipated restrictive abortion law. […]
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Robotaxis haven’t taken over the streets, but that doesn’t mean self-driving cars are all hype
It’s 2022. We were supposed to have robotaxis by now. What happened? Source
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How the Golden State Warriors plan to become more than a basketball team
Stephen Curry #30 of the Golden State Warriors drives to the basket during the game against the Washington Wizards on March 14, 2022 at Chase Center in San Francisco, California. Noah Graham | National Basketball Association | Getty Images The Golden State Warriors are getting back to business. After two years of pandemic challenges, the […]
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American Eagle is pitching a ‘frenemey network’ of vertical logistics to its retail peers — and it’s paying off
Shekar Natarajan is chief supply chain officer of American Eagle Outfitters. He joined the retailer in 2018. Source: Julie Stapen Photography American Eagle wants to be more like Amazon. Not to get in the business of selling everything from shoes to pet food to toilet paper. But to master a business function that became critical […]
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Just Eat Takeaway is exploring a sale of Grubhub barely a year after buying the company
The Grubhub logo displayed on a smartphone screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images European food delivery giant Just Eat Takeaway.com said it’s considering a sale of Grubhub, its U.S. arm, after facing pressure from investors to explore strategic deals. Just Eat Takeaway.com’s board “confirms its alignment with shareholders in wanting […]
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Uber drops mask requirements for drivers, passengers
Uber signage on a vehicle at Oakland International Airport in Oakland, California, U.S., on Tuesday, Feb. 8, 2022. David Paul Morris | Bloomberg | Getty Images Uber said Tuesday that riders and drivers are no longer required to wear masks. “As of April 19, 2022, riders and drivers are not required to wear masks when […]
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