Uber

Didi Global operates in 16 countries, but 90% of its revenues come from China. In 2020, the ride-hailing giant saw its business plummet due to lockdowns related to COVID-19 and lost $1.6 billion on $21.6 billion in revenue, a 10% decline from 2019. The loss might have been bigger, save for its...

Uber Technologies (NYSE: UBER) is acquiring the remaining shares in Cornershop, an on-demand grocery delivery platform. According to a Securities and Exchange filing this past weekend, Uber will acquire the remaining 47% of the company it doesn't already own. Cornershop CEO Oskar Hjertonsson...

Henry Ford, who famously predicted in 1940 that a combination airplane and car was coming for the average person, might not have been right at the time, nor were the thousands that followed with predictions of flying cars in the decades ahead. But those same predictions are slowly becoming true. By...

Last week, residents of New York City were provided a new option for getting around with the launch of Drivers Cooperative, a driver-owned rideshare service. The company is not the first rideshare service to take on the big two of Lyft (NASDAQ: LYFT) and Uber (NYSE: UBER), and it likely won't be...

In the last few weeks, there have been surveys that suggest that rideshare drivers and other independent contractors would rather have full-time employment – except for those who don't. The employment status of these workers has been much debated and will continue to serve as the centerpiece of...

Uber (NYSE: UBER) is reportedly set to recognize the rights of drivers to unionize in the U.K., according to a report, in a similar arrangement to its deal with the Independent Drivers Guild (IDG) in the U.S. Bloomberg reported the ride-hailing giant is set to recognize GMB, a 620,000-plus labor...

Digital freight brokerage Uber Freight (NYSE: UBER) on Tuesday launched its self-service platform for shippers within Canada. The company began doing business in Canada in 2019 and has been manually facilitating domestic and cross-border shipments originating from Ontario and Quebec. With the...

The drive to electrify the nation's rideshare and on-demand delivery companies took a step forward on Thursday when the California Air Resources Board (CARB) approved a vehicle electrification plan for transportation network companies (TNCs). The board voted unanimously in favor of the mandate....

Benzinga has examined the prospects for many investor favorite stocks over the past week. The past week's bullish calls included the iPhone maker and software and aerospace giants. Semiconductor and ride-sharing leaders were among the bearish calls seen during the week. The big U.S. indexes...

Last week, Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) showed they are seeing improvement in ride-hailing that was strangled by the COVID-19 pandemic. Uber Was Saved By Its Food Delivery Business Uber's first-quarter results come after it announced March was the best month in...

It’s been more than a week since Technology finished in the green. Tech stocks rose in pre-market trading, but can they maintain those early gains? That’s one question hanging over Wall Street today.  We’ll talk more about the trauma in Tech lower down. First, let’s...

If you wanted more evidence of reopening progress, Lyft’s (NASDAQ: LYFT) earnings arguably provided it yesterday. The ride-sharing company saw shares post big pre-market gains after reporting a narrower than expected loss, above consensus revenue and solid guidance for the rest of...

Arrival, the U.K.-based electric bus and van manufacturer, has announced a deal with global ridesharing giant Uber to develop an electric car for ride hailing in the U.K. and Europe. Uber has a similar deal with General Motors (NYSE: GM) in the U.S., first announced in September 2020. The new deal...