Workers driving for ride-hailing platforms Uber and Lyft say they are struggling to survive amidst record high gas prices prompting some to say they are going to quit entirely. Gas prices have soared to record highs with many pointing the finger at Russia’s aggression in Ukraine despite prices having started their upward trend prior to […]

How Uber Makes Money: Ride-Hailing, Delivery, Freight

05:05pm, Tuesday, 15'th Mar 2022 Investopedia
Uber''s largest source of revenue is its delivery segment, but its rides business generates the most profits.

Lyft, GrubHub Follow Uber, Boost Gig Driver Pay

11:49am, Tuesday, 15'th Mar 2022 Benzinga
Lyft Inc (NASDAQ: LYFT ) admitted adding a temporary surcharge on its rides to help drivers deal with surging gas prices, CNBC reports . The Uber Technologies Inc (NYSE: UBER ) competitor did not elaborate much on surcharge. Food-delivery marketplace GrubHub Inc (NASDAQ: GRUB ) … Full story available on Benzinga.com
Lyft and Uber are adding temporary fuel surcharges to fares for ride-hail and deliveries as fuel prices around the country rise. The rising prices are due to Russia’s invasion of Ukraine, which has resulted in a mountain of economic sanctions from the west against Russia, including the U.S.’s ban last week of Russian oil imports […]

Lyft, Uber add surcharge due to high gas prices

10:18pm, Monday, 14'th Mar 2022 TechCrunch
Lyft and Uber are adding temporary fuel surcharges to fares for ride-hail and deliveries as fuel prices around the country rise. The rising prices are due to Russia’s invasion of Ukraine, which has resulted in a mountain of economic sanctions from the west against Russia, including the U.S.’s ban last week of Russian oil imports […]
Following Uber, Lyft announced it will add temporary surcharges to rides to cover cost of gas for drivers.

Lyft, like Uber, plans to add a fuel surcharge

08:11pm, Monday, 14'th Mar 2022 CNN
Lyft on Monday said it plans to add a small fee on rides to help drivers deal with rising gas prices across the country, days after Uber laid out its plans to do the same.
Rideshare company Lyft has followed its competitor, Uber, in adding a fuel surcharge to customers due to soaring gas prices.
Lyft (LYFT) has followed the lead of Uber Technologies (UBER) and is set to add a fuel surcharge to its ride amid rising gas prices, the company told The Verge.A Lyft (LYFT) spokesman…
Lyft said the fuel surcharges will go to drivers, who are in charge of filling up their own tanks.
Lyft plans to add a temporary fuel surcharge to fares amid rising fuel prices around the country, the company confirmed to The Verge on Monday. Uber announced a similar charge on Friday.
Lyft plans to add a temporary fuel surcharge to fares amid rising fuel prices around the country, the company confirmed to The Verge on Monday. Uber announced a similar charge on Friday.

Uber adds fuel surcharge due to increased gas prices

05:17pm, Monday, 14'th Mar 2022 WMAR-2 News
With gas prices surging, Uber has announced that it will be charging customers a new gas surcharge to offset costs for drivers.

Series A2 round gets Moove $105 million in funding

03:12pm, Monday, 14'th Mar 2022 Economic Times India
Moove has raised $105 mn for scaling the vehicle financing all around MENA, Europe, and Asia. Moove is a fintech in Africa and provides financing to a plethora of riding platforms such as Uber and others. In its Series A2 round, it has this amount!
Monday''s top analyst upgrades and downgrades included Amazon.com, Caterpillar, Chevron, Constellation Energy, Deere, DocuSign, Kroger, Nokia, Occidental Petroleum, Peloton Interactive, Rivian Automotive, Snap, Suncor Energy, Uber Technologies and Western Digital.
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