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Ride-hailing

Uber finally makes a profit off ride-sharing

by Matt Levin
Aug 1, 2023
Investors stuck with the company even when it was losing money, because they knew it had wormed its way into our everyday lives.
Uber became a verb before it became profitable.
Mario Tama/Getty Images
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High gasoline prices take toll on gig economy drivers

by Meghan McCarty Carino
Mar 23, 2022
A survey found more than half of drivers have either reduced their hours or quit in response to rising fuel costs.
Rising gas prices are cutting into the earnings of gig economy drivers.
Ben Stansall/AFP Getty Images
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COVID & Unemployment

Will drivers come back to Uber and Lyft?

by Matt Levin
Jun 1, 2021
Many ride-hailing drivers shifted to delivering food during the pandemic and aren't eager to return to transporting passengers.
Ride-hailing companies are offering new incentives to attract drivers.
LPETTET via Getty Images
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Other ride-hailing companies are closely watching Uber, Lyft and California

by Justin Ho
Aug 21, 2020
Competitors may look to start offering rides in the state.
A November ballot measure will give California voters a chance to weigh in on how drivers should be classified.
Robyn Beck/AFP via Getty Images
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London taxi drivers hail “The Knowledge”

by Stephen Beard
May 14, 2019
Black cab drivers in the British capital say their knowledge of the city gives them a big competitive edge over ride-share rivals.
Black cab drivers block Whitehall as they take part in a protest against Uber on Feb. 10, 2016, in London.
Carl Court/Getty Images
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NYC set to give ride-hail drivers big raises

by Janet Babin
Dec 19, 2018
The nation's first minimum wage for drivers could boost their pay by more than 40 percent.
Cars drive through afternoon traffic on the Brooklyn Bridge on July 30, 2018 in New York City.
Spencer Platt/Getty Images
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Uber and Lyft race to IPO finish line

by Jed Kim
Dec 10, 2018
Potentially, Uber or Lyft will get to plant the first flag in a new public business: ride-hailing apps. Click the audio player above to hear the full story.
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How Lyft's IPO could challenge Uber's dominance abroad

by Justin Ho
Dec 6, 2018
Uber’s valuation still dwarfs Lyft’s, as both companies prepare to go public in 2019.
A Lyft driver is waiting for a ride in the city on Feb. 3, 2016 in San Francisco, California. 
Mike Coppola/Getty Images for Lyft
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Lyft a step closer to becoming a publicly traded company

by Associated Press
Dec 6, 2018
The number of shares to be offered and the price range for the proposed offering have not yet been determined.
The number of Lyft shares to be offered and the price range for the proposed offering have not yet been determined.
Kelly Sullivan/Getty Images for Lyft
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Why companies like Uber have an incentive to cover up data breaches

by Aaron Schrank
Nov 22, 2017
News has broken that last year, hackers downloaded the personal information of 57 million Uber riders and drivers from a third-party server. In response, the ride-hailing company paid those attackers $100,000 to delete their copy of the data, and then reportedly tracked them down to get them to sign non-disclosure agreements to keep the breach […]
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