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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...

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DoorDash 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...

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Nomura 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...

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Lyft 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,...

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Rideshare, 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...

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Lyft 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...

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Uber, 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...

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InDrive 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...

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Uber 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...

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Uber, 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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