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(Reuters) -Uber Technologies Inc on Wednesday reported widening losses as it spent more to entice drivers to return to its platform, sending shares of the ride-hail and food delivery company down in after-hours trade.
BOSTON (Reuters) - A coalition of app-based companies, including Uber Technologies Inc, Lyft Inc and DoorDash Inc, on Wednesday took the first step to put a measure before Massachusetts voters that would define their drivers as independent contractors entitled to minimum benefits but avoid having them declared their employees.
TEXAS: Lyft Inc has posted an adjusted quarterly profit three months ahead of target as it kept costs down while rides rebounded.
(Reuters) -Lyft Inc on Tuesday posted an adjusted quarterly profit three months ahead of target, seizing on a leaner cost structure as rides rebounded, but it warned of ongoing driver shortages and the spread of the Delta coronavirus variant.
PETALING JAYA: No one will forget the way Viktor Axelsen of Denmark celebrated his Olympic Games men’s singles gold-medal victory on Monday.
(Reuters) - Ride hailing companies Uber Technologies Inc and Lyft Inc promised Wall Street they would be back on the road to profitability and growth by the time they reported second-quarter results this week, thanks to cost-cutting done to survive the pandemic.
TOKYO (Bernama): The country's top men's doubles pair Aaron Chia-Soh Wooi Yik's success in winning a bronze medal, Malaysia's first medal at the Tokyo Olympics last night, came at just the right time as the nation faces a challenging period battling Covid-19, said Badminton Association of Malaysia (BAM) president Tan Sri Mohamad Norza Zakaria.
BEIJING (Bloomberg): China will step up oversight of its ride-hailing and on-demand trucking companies from Didi Global Inc to Full Truck Alliance Co, adding to a widening campaign by Beijing to rein in its internet sector.
(Reuters) -Deliveroo is considering ending services in Spain due to high costs associated with running operations in the country to focus on other markets and expand in new and existing cities, the food delivery firm said on Friday.
Spurred by skyrocketing consumer demand during the pandemic, restaurant delivery companies like DoorDash and Uber Eats are rapidly expanding their services to grocers, convenience stores, pharmacies, pet stores and even department stores.