Uber Technologies Inc. (NYSE:UBER) Secret “Project Luigi” A Way Of Bolstering Its Argument Against Gig-Worker Law

Uber Technologies Inc. (NYSE:UBER) drivers in California received a new feature last month that enables then see the destination of the passenger before accepting the trip. This implies that the drivers get to know how much they can make from a trip and reject those that are not worthwhile. Uber drivers to see fare estimates […]

Lyle Frank Lifts Cruising Cap In New York City And A Big Win For LYFT Inc (NASDAQ:LYFT) And Uber Technologies Inc (NYSE:UBER)

Lyle Frank, a judge at the Supreme Court of New York State, has lifted the new cap imposed on cruising in the busy streets of Manhattan. It is a big win for the ride-sharing companies LYFT Inc (NASDAQ:LYFT) and Uber Technologies Inc (NYSE:UBER) because drivers can go at reasonable speeds in busy streets and save […]

Uber Technologies Inc (NYSE:UBER) Affected By Kalanick’s Continued Sale Of Shares

The co-founder of Uber Technologies Inc (NYSE:UBER) Travis Kalanick has reportedly been selling out a significant number of his stakes. It was sometime back that he was ousted from serving the business in the position of CEO. It triggers a lot of emotion among investors who have been interpreting his actions differently. A close outlook […]

Uber Technologies Inc (NYSE:UBER) Agrees To Settle A Sexism Probe With $4.4 Million

Uber Technologies Inc (NYSE:UBER) has reached an agreement with the US Equal Employment Opportunity Commission (EEOC) today. It is a settlement that has seen Uber pay up to $4.4 million after allegations of sexual harassment in its business. Turn of events Problems started when fingers started pointing to the company over several scandals. Investigations into […]

Zomato Plans To Acquire Uber Technologies Inc (NYSE:UBER)’s UberEats’ India Business: Uber To Invest Up To $200 Million In Zomato

Uber Technologies Inc (NYSE:UBER) plans to divest UberEat’s India business to the local player – Zomato. It is part of the cost-cutting measure of Uber worldwide. The India business of UberEat’s is valued at $400 million. Uber eyes a stake in Zomato and plans to invest up to $200 million in the eleven-year-old company. The […]

Fears Over Technologies Inc (NYSE:UBER) And LYFT Inc (NASDAQ:LYFT) Hiking Charges Next Year

The Metropolitan Washington Airports Authority may push travelers to dig deeper into their pockets. The body is planning to raise the fee in the transportation network by about 1%. A close outlook This change will affect the app-based businesses such as Uber Technologies Inc (NYSE:UBER) and LYFT Inc (NASDAQ:LYFT). Travelers might feel the pinch since […]

Uber Technologies Inc (NYSE:UBER) Litigates Skokie Over Rideshare Charges

Uber Technologies Inc (NYSE:UBER) has filed a petition against Skokie village over the new rideshare charges that was passed recently. The company filed the court suit in the Cook County Circuit Court, asserting that the new rideshare charges is against Illinois constitution. The tax was put to effect immediately after it was passed by legislators. […]

Uber Technologies Inc (NYSE:UBER), And Lyft Inc (NASDAQ:LYFT) Opts Ballot Measure With $90 Million Gig Workers Bill To Exempt From Gig Workers Bill

Protect App Based Drivers and Services is formed by a group of couriers and drivers for DoorDash, Uber Technologies Inc (NYSE:UBER), and Lyft Inc (NASDAQ:LYFT) to get an exemption from California Gig Workers Bill. The companies would support the group to implement Ballot Measure with a funding of $90 million and hopes to pass the […]