Home Tags Ride-hailing
Brutal chart shows just show much Uber’s core ride-hailing business has been hollowed out by coronavirus in the US
The coronavirus pandemic has forced people around the world to avoid travel, wreaking havoc on Uber and Lyft's core taxi businesses.
The ultrawealthy Italian family behind Ferrari and Fiat just invested $200 million in Uber and Lyft’s fastest-growing competitor
The Agnelli family, which controls the $26 billion Exor group, has stakes in football clubs, automakers, and more, invested $200 million in Via.
The company hosted an update call with analysts as its rides business sees heavy declines amid the spread of the virus.
New York City on Tuesday banned all shared rides in Uber, Lyft and other ride-hailing operators in the US' largest city.
"You begin to second-think any sort of situation where you're going to be crammed into a bus or crammed into a train or subway."
Lyft’s fourth quarter topped Wall Street’s expectations, but no update on its path to profitability left investors unenthused
Lyft's results come a week after Uber said it would turn a profit this year, much sooner than previously anticipated.
With the better-than-expected results, Uber's stock could trade above its IPO price for the first time in more than eight months since going public.
Good news if you want to hail a bike in Klang Valley.
Sin City is the ride-hailing app's second market to see public transportation options after it launched Denver in 2019.
However, only riders of the same sex can ride together, and less than 50 of the 700 approved riders currently are female.