ridesharing

Uber Loses a Billion Dollars – Again

Ride-sharing giant Uber is continuing to have a rough time turning a profit, with the company’s third-quarter earnings revealing a net loss of $1.2 billion for the last three months despite revenues that continue to grow.

Uber CEO Dara Khosrowshahi rides a bike

Uber Driver Crashes into Canal – Customer Still Charged for Trip

An Uber driver in the United Kingdom reportedly drove into a canal and the passenger was still charged for the watery journey. After the accident received media attention, the Silicon Valley ridesharing giant later refunded the passenger who had to walk home from the accident scene through “not the nicest area.”

Uber gets London licence back for 15 months

Uber Warns of California Shutdown After Legal Woes

Uber could shut down services in California as early as Friday as the ridesharing company continues to fight the state over a new law that requires its gig economy drivers to be re-classified as employees. The threat of a stoppage comes after Uber posted a whopping $1.8 billion loss during the second quarter as the Chinese coronavirus pandemic continues to take a financial toll on the company.

Uber CEO Dara Khosrowshahi on Wall Street

Lyft Forms ‘Safety Advisory Council’ in Response to Sexual Assault of Passengers

Ride-sharing company Lyft is reportedly putting together a council of experts to advise the company on various safety initiatives for passengers. The “Safety Advisory Council” is being formed in response to many problems between drivers and passengers, including the rape and sexual assault of women — 14 rape victims have sued Lyft claiming their drivers sexually assaulted them.

Early this year, Lyft expanded to a hundred more US cities, bringing the total to about 30

Uber Proposes Minimum Wage for Drivers to Combat California Bill Classifying Them as Employees

Uber has proposed to pay its drivers a new hourly minimum wage of $21, but a union affiliate representing the company’s drivers remains critical, as the proposed hourly wage would only apply while drivers actually have passengers in the car or are in route to pick someone up. The proposal is to counter a California bill classifying drivers as employees instead of independent contractors — which analysts believe could bankrupt rideshare companies.

The Associated Press