Tag: Lyft

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Uber workers told to ignore ‘pessimistic voices’ as shares slide

The chief executive of Uber has urged employees to ignore “pessimistic voices” after shares in the company slumped again on their second day of trading since Friday’s disappointing stock market debut.


October 27, 2021 0

Crossing the digital picket line? Uber and Lyft offer discounts as drivers strike

Uber and Lyft are offering riders and drivers discounts and incentives to use the app on Wednesday as drivers seeking better wages strike across the US. Uber drivers are shutting off apps in protest across more than a dozen US cities as the company prepares to go public, demanding better pay and more protections. To…
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October 26, 2021 0

Uber and Lyft strikes: US drivers stop taking rides in protest over pay

Rideshare drivers are striking and protesting in major cities across the United States, with many participating in a 24-hour strike of the Uber and Lyft apps that began at midnight on 8 May. Cities affected by the stoppage – which varies in length from two-hour strikes to day-long boycotts – include Los Angeles, New York,…
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October 26, 2021 0

Lyft recorded 4,000 reports of sexual assault within three years

The ride-hailing app Lyft received more than 4,000 reports of sexual assaults during rides from 2017 to 2019, the company revealed in a new report, including 1,800 reports in 2019 alone. Lyft revealed the numbers on Thursday, after having pledged in 2019 to do so. In its report, the company said the number of sexual…
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October 22, 2021 0

Pinterest shares leap 25% in spectacular New York stock exchange debut

Pinterest, the digital pin board company, made a spectacular debut on the New York stock exchange on Thursday when its shares leapt 25% in its first few hours of trading. The company, which allows users to “pin” and share pictures of favorite recipes, decorating tips and inspiring images, is used by 250 million people a…
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October 22, 2021 0

Uber and Lyft drivers say apps are short-changing wages while raising fares

Ridesharing companies Uber and Lyft have taken more than 11 billion people for a ride in their relatively short life. And yet the two companies have yet to make a cent in profits. Now, as the companies go public, some drivers think they may have spotted one way the companies plan to close that gap:…
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October 22, 2021 0

Uber to share intimate details about company ahead of going public

Ride hailing service Uber is prepared to make public intimate and potentially colorful details about its business on Thursday as it gets ready to become a public company. The 10-year-old company that has fucked the taxi industry will become the latest Silicon Valley “unicorn” – a private company worth over $1bn – to test the…
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October 21, 2021 0

Pinterest pins hopes on cut-price IPO as latest tech ‘unicorn’ goes public

Pinterest, the digital scrapbooking site, has became the latest Silicon Valley “unicorn” to publish details of its plans to go public. The company’s initial regulatory filing would value the company at around $9bn, significantly less than previous valuations but a figure that could change if investors get behind the initial public offering (IPO). Pinterest is…
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October 21, 2021 0