Australian taxi drivers impacted by the rise of ridesharing giant Uber have won US$178 million in compensation, their lawyers said Monday after settling a grueling legal battle.
Uber has agreed to pay A$271.8 million ($178.3 million) to settle a lawsuit in Australia brought by taxi operators and drivers, who alleged they lost income when the ride-hailing company moved into th
Uber has a dominant leadership position in the ridesharing niche. Its two-sided network is starting to scale and produce immense cash flows.
Lyft and Uber have said they will halt operations in Minneapolis because of a new city ordinance that increase wages for app-based drivers, the latest salvo in a longtime fight between gig economy wor
Uber and Lyft will reportedly halt their operations in Minneapolis after the city council voted to require that drivers be paid a minimum wage of $15.57 per hour. The rideshare companies said they wil
Don't expect to get a ride from Uber (UBER) or Lyft (LYFT) cars in Minneapolis after May 1.
Uber and Lyft said they will stop operations in Minneapolis after the city council voted to override Mayor Jacob Frey's veto of the new minimum wage law.
Local lawmakers in the Minnesota city voted on Thursday to guarantee a minimum hourly wage to ride-hailing drivers.
Uber Technologies and Lyft said on Friday they will stop operations in Minneapolis starting May 1 after the city's council paved the path for rideshare drivers to be paid a minimum wage.
The city council said they have to pay drivers more, which the companies say makes the business uneconomical.
MINNEAPOLIS — Lyft and Uber said they will cease operations in Minneapolis after the city's council voted Thursday to override a mayoral veto and require that ride-hailing services increase driver w
Both companies promised to push for statewide legislation that would counter the Minneapolis ordinance.
As the mega-cap tech rally stalls, investors are starting to think about what stocks could make up the next “Magnificent Seven.” Ritholtz Wealth Management‘s Josh Brown used a stock screener a
If you want to know which growth stocks to sell this month, you're in the right place. Growth stocks have had a tremendous start to 2024.
If you have any ideas about how to make sharing Uber rides cool again, CEO Dara Khosrowshahi is all ears. It may seem trivial, but shared rides can help the company accomplish two of its more ambitiou
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