The company said its financial results in the most recent quarter were about in line with the expectations of investors.
Category: Uber Technologies Inc
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The Long Demise of the Stretch Limousine
Once a symbol of affluence, the stretch limo has largely fallen out of favor as the rise of Uber and Lyft, the Great Recession and new regulations hastened a shift to chauffeured vans and S.U.V.s.
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Lyft Will Lay Off About 1,200 People as It Looks to Cut Costs
The cuts come as the company tries to lower prices and remain competitive with Uber, its larger rival.
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California Court Mostly Upholds Prop. 22 in Win for Uber and Other Gig Companies
The New York Times – Business:The decision lessens the chances that gig drivers will be considered employees in the state, but it is expected to be appealed to the state Supreme Court.
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Lyft’s Financial Woes Thrust It Into the Spotlight
The New York Times – Business:Lyft recovered from pandemic restrictions slower than Uber, and critics said it lacked the kind of ambitious investments that could distinguish itself from its rival.
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Uber Reports Record Revenue as It Defies the Economic Downturn
The New York Times – Business:The company, which was hit hard in the early stages of the pandemic, saw revenue jump 49 percent from the same period a year ago.
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Court Dismisses Guilty Plea by Australian Tennis Star Nick Kyrgios in Assault Case
The New York Times – Sports:The guilty plea and dismissal stemmed from a confrontation Mr. Kyrgios had with his partner in 2021 when she tried to prevent him from leaving in a ride-hailing car.
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Uber Drivers Say They Are Struggling: ‘This Is Not Sustainable’
The New York Times – Business:Their raise request was denied, while fees and car payments are cutting into their earnings. New data suggests they make less than cabbies.
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The Engineers Are Bloggers Now
The New York Times – Business:In a perpetually tricky market for tech talent, large companies are turning to an in-house resource to get the word out.
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Uber’s Revenue Is Up 72 Percent From Last Year, but It Posts a Loss
The New York Times – Business:The ride-hailing company had strong revenue growth, but it still lost money in part because of its investments in other ride-hailing businesses.