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Uber, Lyft agree to pay Massachusetts drivers $32.50 per hour to settle lawsuit
Proactiveinvestors NA· 2024-06-28 22:38
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...
Are Uber and Lyft Still Top Stocks to Buy in 2024 Following the Minnesota Wage Issue?
The Motley Fool· 2024-06-28 17:30
See how Uber and Lyft's financials and strategic initiatives make them stocks to buy in 2024, even with new regulatory challenges. Legislative challenges in Minnesota have highlighted the ongoing struggles of ride-hailing leaders Uber Technologies (UBER -0.72%) and Lyft (LYFT 0.45%), prompting investors to question the companies' viability as top stock picks in the near term. As Uber and Lyft navigate new regulations, their current strategies and financial performance give some insight into the potential fo ...
Uber will pay you to temporarily forgo your car
Fox Business· 2024-06-27 19:26
Rideshare giant Uber Inc. is paying U.S. car owners to temporarily forgo the use of their vehicles. During Uber's One Less Car trial, up to 175 selected participants in North America will give up their personal car, and receive a $1,000 stipend to use on alternate forms of transportation for five weeks. This includes things such as rideshare, public transit, e-bikes and e-scooters and even car rentals. SUMMER 2024: UBER LAUNCHES SHUTTLE SERVICE FOR AIRPORTS, CONCERTS, GAMES It's part of the companies' missi ...
Uber loses challenge to California gig work law in US appeals court
New York Post· 2024-06-27 18:58
A US appeals court on Monday rejected a bid by Uber, opening a new tab and subsidiary Postmates to revive a challenge to a California law that could force the companies to treat drivers as employees rather than independent contractors who are typically less expensive. An 11-judge panel of the 9th US Circuit Court of Appeals in San Francisco upheld a lower court ruling that said Uber failed to show that the 2020 state law known as AB5 unfairly singled out app-based transportation companies while exempting ot ...
2 Undervalued Growth Stocks to Buy Before They Soar 71% and 1,000%, According to Certain Wall Street Analysts
The Motley Fool· 2024-06-26 17:12
Uber and Roku are unlikely to reach the lofty targets set by these Wall Street analysts, but at their current prices, the stocks are worthwhile long-term investments. The S&P 500 has advanced 14% in 2024. The index's strong start to the year means it has become increasingly difficult to find reasonably priced stocks. But certain Wall Street analysts see Uber Technologies (UBER 1.19%) and Roku (ROKU 0.35%) as undervalued. Brian Nowak at Morgan Stanley has outlined a bull-case price target that puts Uber at $ ...
Uber locking out NYC drivers to avoid paying them for ‘idle time'
New York Post· 2024-06-25 23:51
文章核心观点 - Uber正在通过在需求低迷期间锁定纽约司机来降低最低工资支付 [1][2] - Uber和Lyft正在采取这一措施以规避纽约市出租车和租车委员会(TLC)制定的最低工资规定 [2][3][4][5][6][7] - TLC的最低工资规定要求Uber和Lyft在司机等待时间内支付最低工资,而Uber由于拥有更多司机而需要支付更多 [3][4][5][6] - 司机表示由于Uber的锁定措施,他们的收入下降了50% [2][9][10] - Lyft表示将很快不得不采取同样的措施冻结司机 [9][14] 根据目录分类总结 Uber和Lyft的应对措施 - Uber开始锁定司机以限制在没有乘客时公司需要支付的空闲时间费用 [2] - Lyft表示将很快不得不采取同样的措施冻结司机 [9][14] - Uber邀请纽约的潜在司机加入等候名单,因为从2023年4月1日开始,他们将限制新的出租车司机注册 [12] TLC的最低工资规定 - TLC有一个计算最低工资的公式,涉及司机接载乘客的时间和可接单的总时间 [3][4] - 这个公式要求Uber这样的大公司在Lyft司机等待时支付更多 [5][6] - Uber认为这一规定不公平,因为Lyft的客户较少 [6][7] - Lyft表示这一规定"损害了司机的利益" [8] 行业反应 - 司机表示由于Uber的锁定措施,他们的收入下降了50% [2][9][10] - 出租车工人联盟指责Uber"操纵了系统",利用TLC的规定将应付司机的时间变成无薪 [13] - TLC专员表示Uber和Lyft是"数十亿美元的公司",正在做出"有计算的决定"来避免支付更多工资 [16]
Uber Freight and self driving trucks startup Aurora partner for the long haul
TechCrunch· 2024-06-25 19:00
Uber Freight and Aurora Innovation have announced a multi-year collaboration that will see Aurora’s autonomous driving technology offered on the Uber Freight network through 2030. The deal gives Aurora access to shipping customers as it prepares to launch its fully driverless commercial service later this year. It also helps Aurora also secure longer-term customers through Uber Freight’s network by going to where those customers already are. Uber Freight today manages around $18 billion worth of commercial ...
Uber Responds to NYC Minimum Pay Rule With Driver Lockouts
PYMNTS.com· 2024-06-25 07:44
Uber has reportedly been locking out drivers from its app during periods of low demand over the past month in response to New York City’s minimum pay rule. Lyft is threatening to adopt the same strategy, Bloomberg reported Monday (June 24). This move is in response to a 6-year-old pay rule in New York that requires companies like Uber and Lyft to compensate drivers for idle time between rides, according to the report. Uber said that the lockouts are necessary to limit non-passenger time, per the report. Sin ...
Monster insider trading alert for Uber (UBER) stock
Finbold· 2024-06-24 18:36
文章核心观点 - Uber公司CEO Dara Khosrowshahi最近大量抛售Uber股票,获得约7042万美元利润[2][3] - Uber股价在过去一周内有所下跌,但今年以来仍有20.41%的涨幅[5][6] - 分析师对Uber股票给出了"强烈买入"的评级,预测未来12个月内股价将达到87.86美元[6][7] 公司相关 - Uber CEO Dara Khosrowshahi在6月17日抛售了100万股Uber股票,套现约7042万美元[2][3] - 这是Khosrowshahi自2023年11月以来的首次抛售Uber股票,此前在5月17日也曾套现3300万美元[4] - 此次抛售后,Khosrowshahi持有的Uber股票数量降至约130万股,占总股本的0.0606%[3] 行业相关 - Uber股价在过去一周下跌0.79%,但今年以来仍有20.41%的涨幅[5][6] - 分析师对Uber股票给出了"强烈买入"的评级,预测未来12个月内股价将达到87.86美元[6][7] - 投资者在做出投资决策时,需要谨慎评估风险,并持续关注相关新闻和动态[7]
UBER Enters Into Partnership With Discount Grocer Save A Lot
ZACKS· 2024-06-20 00:00
In a customer-friendly move, Uber Technologies (UBER) inked a deal with St. Louis-based Save A Lot, one of the largest discount grocers in the United States. Following the partnership, some selected Save A Lot grocery stores will be available through the Uber Eats app. Uber Eats is the online food ordering and delivery platform of UBER. With UBER and Save A Lot joining forces, more than 150 of Save A Lot’s 600-plus independently owned grocery locations are offering Uber Eats as a delivery method. Another be ...