Uber Technologies Inc – Page 7

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.

By Kellen Browning

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California Court Mostly Upholds Prop. 22 in Win for Uber and Other Gig Companies

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.

By Kellen Browning

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Biden Is Expected to Veto an Anti-E.S.G. Resolution From Congress

President Biden is expected to use his first veto to protect environmental, social and corporate governance investment considerations in retirement plans.

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Lyft’s Financial Woes Thrust It Into the Spotlight

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.

By Kellen Browning

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