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  • Uber and Lyft drivers are planning to strike this week, and it highlights the challenge the 2 ride-hailing giants face as public companies (UBER, LYFT)

    Drivers for Uber, Lyft and other companies are planning a nationwide strike on Wednesday.  Many drivers, classified as contractors and not employees, are unhappy with declining pay.  "Wall Street investors are telling Uber and Lyft to cut down on driver income, stop incentives, and go faster to Driverless Cars," Bhairavi Desai, executive director of the New York Taxi Workers Alliance, said. As Uber and Lyft fight for market share in the United States, a calculation known as a take rate has...

    Business Insider
  • Uber and Lyft drivers reveal the things you should never do while taking a ride (LYFT, UBER)

    Uber and Lyft have taken the world by storm. Business Insider has spoken to dozens of drivers to learn more about what it's like to work for the ride-hailing apps. There are a handful of complaints that are nearly universal among drivers.  Millions of drivers shuttle passengers to their destinations all around the globe on behalf of Uber and Lyft.  Those drivers meet all sorts of passengers, good and bad. And on the whole, their experiences have been overwhelmingly positive, dozens of drivers...

    Business Insider
  • People in wheelchairs wait twice as long for Uber and Lyft rides, a new study found (UBER, LYFT)

    Uber and Lyft could be at risk of not complying with new rules for wheelchair-accessible rides in New York City when they take effect on June 1. A new report from the New York Lawyers for the Public Interest group found that wait times were often significantly higher for accessible rides versus inaccessible rides. The group compared wheelchair-accessible rides to those without access on 224 trips at major transportation destinations and hospitals throughout the city for its new report, published...

    Business Insider
  • Lyft hits yet another low as rival Uber sputters in its 2nd day of trading (LYFT, UBER)

    Lyft hit a new low Monday after shares of rival Uber had an underwhelming stock-market debut on Friday. Lyft's stock is down nearly 34% since its initial public offering in late March as investors grapple with the company's uncertain path to profitability and the threat Uber poses. Watch Lyft trade live. Lyft on Monday continued its rocky run as a public company, with shares plunging to a new low. The stock fell by as much as 6.6%, to a record low of $47.71, as the broader stock market came...

    markets.businessinsider.com
  • Lyft hits yet another low as rival Uber sputters in its 2nd day of trading (LYFT, UBER)

    Lyft hit a new low Monday after shares of rival Uber had an underwhelming stock-market debut on Friday. Lyft's stock is down nearly 34% since its initial public offering in late March as investors grapple with the company's uncertain path to profitability and the threat Uber poses. Watch Lyft trade live. Lyft on Monday continued its rocky run as a public company, with shares plunging to a new low. The stock fell by as much as 6.6%, to a record low of $47.71, as the broader stock market came...

    Business Insider
  • Ride-hailing drivers expose financial unrest before Uber IPO

    As Uber prepares for its stock market debut Friday, its long-term success or failure will largely depend on the nearly 4 million drivers who serve as the backbone of the company's network

    ABC News
  • Ride-hailing drivers expose financial unrest before Uber IPO

    NEW YORK (AP) - As Uber prepares for its stock market debut Friday, its long-term success or failure will largely depend on the nearly 4 million drivers who serve as the backbone of the company's network. The ride-hailing company will need to convince drivers to stick with it as it

    The Washington Times