(Natural News) American mobility service provider Uber reported a loss of $5.9 billion in the first quarter of 2022 as investments in two Asian companies, Didi and Grab, plunged since they were listed in the U.S. in 2021. The losses came from the value of China’s Didi, Singapore’s Grab and U.S. startup Aurora. These losses […]

(Natural News) Ridesharing companies Uber and Lyft have gotten a last-minute reprieve after a California court granted them a delay on the order to convert their drivers – currently classified as independent contractors – to employees. This allows both companies to continue to operate while they appeal the order. The decision came just as Lyft […]

(Natural News) On Monday, ridesharing giants Uber and Lyft suffered a major blow to their business after a judge ordered both companies to convert their California drivers from independent contractors to employees with benefits. The preliminary injunction has been stayed for 10 days, giving both companies time to appeal the decision. Uber has already stated that […]

(Natural News) It’s taken ride-sharing companies like Uber and Lyft less than a decade to become majorly disruptive market forces. But it looks like the market isn’t the only thing getting disrupted. Executives at either company have long maintained that their services help improve traffic in cities where they are available by virtue of the […]

(Natural News) The popular ride-sharing company Uber has filed a lawsuit in California against an advertising partner that it claims is deliberately publishing ads for the taxi-like service on unapproved websites. According to reports, Uber is targeting Breitbart News specifically, a media outlet that it says it wants “nothing to do with,” but that the […]