ridesharing

The new carbon emissions feature on Uber’s app. Uber Environmentally conscious Uber riders interested in monitoring their carbon footprint can now discover the level of carbon dioxide emissions avoided if they take a trip in one of the company’s electric vehicle or hybrid options. In a bid to burnish its green credentials, Uber said on Monday it has introduced a new “Emission Savings” feature in its ridesharing app, enabling passengers around the world to track and learn more about their carbon emissions impact.…

and plan to end operations in after the city council voted to increase driver pay. The council passed an ordinance on the issue last week. On Thursday, it voted to overrule a mayoral veto of the measure.The new rules stipulate that ridesharing companies need to pay drivers at least $1.40 per mile and 51 cents per minute (or $5 a ride, whichever is higher) whenever they're ferrying a passenger. Tips are on top of the minimum pay. According to the , the council passed the ordinance to bring driver pay closer to the local…

Credit: Pixabay/CC0 Public Domain When Greg Buchak was a graduate student at the University of Chicago, Uber and Lyft were just beginning to spread across the country. Since he didn't own a car, he found the ride-sharing apps convenient for short and long trips. Yet as a financial economist in training who studied borrowing and lending, Buchak began an ongoing debate with his friends: Were these new services actually good for…

Rideshare drivers rally at a staging area near O’Hare International Airport during a work strike on February 14, 2024, in Chicago, Illinois.Photo: Scott Olson (Getty Images)Uber and Lyft drivers in the U.S. are receiving tips for rides just 28% of the time, according to a study by gig worker tech company Gridwise. And that might help explain part of the reason why thousands of gig workers staged a strike on Valentine’s Day over low pay.Nvidia’s Almost Worth 2 Trillion. Is It a Bubble, or Is It Just Getting Started?The…

Getting there has been a bumpy ride. Analysts want to see if the companies can sustain it. Getting there has been a bumpy ride. Analysts want to see if the companies can sustain it. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and…

On the worst day on Wall Street since last March, shares of rideshare service Lyft blew up briefly in after-hours trading after the company posted erroneous earnings projections in an earnings press release that sent investors into a frenzy.Shares of Lyft were up 63% at one point in the post-market, spiking from a $12.13 per share at market close (a 2% drop) to just shy of $20, an area it hasn’t been close to since May 2022. That surge came after the company said in an earnings release that it expected “adjusted EBITDA…

Lyft is expanding its Women+ Connect program to a bunch of new cities. This initiative originally launched in a but now it's getting a much larger rollout.Women+ Connect does It connects women and nonbinary riders to similarly identifying drivers, and vice versa. This is an opt-in feature that aims to bolster safety during rides, in addition to enticing women and nonbinary people to become drivers for the platform. Lyft says that nearly half of riders are women, but they only make up 23 percent of drivers.Here’s how it…

Uber reported its first full year of profit as a public company on Wednesday, marking the end of a time of heavy venture capital subsidies and growth-at-all-costs mantra. “2023 was an inflection point for Uber, proving that we can continue to generate strong, profitable growth at scale,” CEO Dara Khosrowshahi said in the company’s fourth-quarter earnings release. The rideshare and food delivery giant expects continued growth in the first quarter of 2024.Uber was profitable for one full year in 2018, before it went public,…

Lyft is issuing a minimum pay standard nationally for its rideshare drivers, in what it calls a first-of-its-kind effort to make industry payments more equitable. Lyft will guarantee that drivers will earn 70% or more of rider payments each week, after external fees, starting Tuesday in most major cities and nationally in the spring. If Lyft has taken out more than that 30% rate by the end of the week, it will pay drivers the difference.“In every one of our cars, we have two customers: a rider and a driver,” Lyft CEO…

Uber drivers have seen a “marked decrease” in their monthly average gross earnings in the past year, according to a new research report from Gridwise, an app that helps gig workers track their earnings. Uber drivers reported a 17.1% decline in gross earnings in 2023 compared to the year prior, the report said. Gridwise’s report pulls from its database of anonymized gig mobility data from more than 500,000 gig drivers and findings from a survey conducted with 528 active gig drivers and 1,000 gig service consumers. Lyft…