Alphabet Sheds Entire Stake in Trading App Robinhood
Google parent Alphabet has sold off all of its shares in trading app Robinhood. The tech giant in August had sold about 90% of its stake in Robinhood, and said in a recent filing with the Securities...
View ArticleDoorDash Trails Uber Driver in Latest Provider Ranking of Gig Platform Apps
The gig economy allows workers control over their own employment while offering consumers choice and convenience. PYMNTS Provider Ranking of Gig Platform Apps, which uses monthly metrics to score...
View ArticleNomura Downgrades Uber and Lyft After Outsized Gains in 2023
While ridesharing giants Uber and Lyft experienced significant growth in revenue in 2023, they reportedly facechallenges in 2024. For different reasons, financial services group Nomura recently...
View ArticleLyft Guarantees Rideshare Drivers 70% or More of Fare
Lyft said it has made several improvements for drivers in its latest product update, the Early 2024 Release. The rideshare platform’s latest release addresses key concerns such as earnings,...
View ArticleRideshare, Delivery Drivers to Strike on Valentine’s Day
An organization representing rideshare drivers and delivery workers is organizing a strike on Valentine’s Day (Wednesday, Feb. 14). Justice for App Workers is calling on drivers to not take rides to or...
View ArticleLyft Says ‘Continuous Innovation’ of App Earns Record Annual Ridership
Lyft says differentiated offerings on its app helped drive its annual ridership to the highest level in the company’s history. For full-year 2023, the rideshare platform had more than 40 million active...
View ArticleUber, Lyft Differences Boil Down to Transportation vs End-to-End Mobility
Uber and Lyft’s most recent earnings reports spotlight a widening divergence in approach in business models. At first glance, there’s a core focus for both firms: That would be matching the supply and...
View ArticleInDrive Says Transparent Ride-Hailing Pay Structure Will Ensure Fair...
The emergence of ridesharing platforms such as Uber and Lyft has not only transformed commuting habits but also reshaped the gig economy landscape, granting drivers unprecedented levels of flexibility...
View ArticleUber Looks to Tap Into India’s Scooter and Motorbike Market
Uber reportedly wants to move deeper into India’s two- and three-wheeled vehicle market. Speaking during an event Thursday (Feb. 22) in Bangalore, CEO Dara Khosrowshahi said the company was trying out...
View ArticleUber, Lyft to Exit Minneapolis After Minimum Wage Vote
Uber and Lyft will reportedly halt their operations in Minneapolis after the city council voted to require that drivers be paid a minimum wage of $15.57 per hour. The rideshare companies said they will...
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