Uber
New York (AFP) - Uber and Lyft will pay $328 million to settle a New York probe alleging that the companies "cheated" drivers, in an accord that also establishes paid sick leave, state officials announced Thursday. The agreement follows state investigations that concluded the companies improperly deducted sums from drivers that should have been charged to passengers, according to New York Attorney General Letitia James, whose office brought the case. "For years, Uber and Lyft systematically cheated their drivers out of hundreds of millions of dollars in pay and benefits while they worked long ...
AFP
New York (AFP) - Shares of Uber rocketed higher Tuesday after it reported a surge in quarterly revenue and described consumer demand as remaining robust. The ride-hailing service scored a 72 percent jump in third-quarter revenues to $8.3 billion, thanks in part to the benefit of an acquisition in Uber's freight business. The company reported a $1.2 billion loss, citing a hit to Uber's equity investments and the effect of stock-based compensation expense. Despite inflation and other macroeconomic headwinds, Chief Executive Dara Khosrowshahi described Uber's core business as "stronger than ever"...
AFP
New York (AFP) - United States labor officials proposed a rule change Tuesday that could make it easier for gig workers such as Uber drivers to be reclassified as employees entitled to benefits. The move by President Joe Biden's Labor Department would lower a bar set by his predecessor regarding when someone is considered an employee instead of a contract worker. It also comes as "gig economy" companies from rideshare platforms to food delivery services strive to maintain the status quo. The new formula includes factors such as how long a person works for a company and the degree of control ov...
AFP
San Francisco (AFP) - Uber said Friday it was investigating a "cybersecurity incident," declining to comment on reports a young hacker had gained access to the ride-hailing company's computer network. Uber put out word of the breach late Thursday in a tweet, and a hacker claiming to be 18 years old then posted screenshots taken from inside Uber computers. "He says that he simply -- having already determined a valid username and password -- tricked an Uber staff member into granting him access to internal systems," independent cybersecurity analyst Graham Cluley said at his website. Online comm...
AFP
San Francisco (AFP) - Uber reported better-than-expected revenue on Tuesday, fueled by strong demand for its ride-hailing and food delivery services that have drawn a surge in drivers looking to offset inflation's bite. Revenue more than doubled to $8.1 billion in the three months through June, a 105 percent increase, at a time when many tech companies are struggling to navigate global economic turbulence. Still, the firm posted a net loss of $2.6 billion, but investors shrugged it off and shares closed up about almost 19 percent on Wall Street. Uber primarily attributed the loss to the fallin...
AFP
San Francisco (AFP) - Uber on Friday said it will let drivers in the United States see trip details before deciding whether to accept them -- a new feature long sought by drivers. A common lament by drivers at the app-summoned ride platform has been that they have to accept a request before learning where trips will take them, or how profitable they will be. "Our new trip request screen makes it easier for drivers to decide if a trip is worth their time and effort by providing all the details -- including exactly how much they'll earn and where they're going -- upfront," chief executive Dara K...
AFP
San Francisco (AFP) - A leaked cache of confidential files from ride-sharing company Uber illustrates ethically dubious and potentially illegal tactics it used to fuel its frenetic global expansion beginning nearly a decade ago, a joint media investigation showed Sunday. Dubbed the "Uber Files," the investigation involving dozens of news organizations found that company officials leveraged the sometimes violent backlash from the taxi industry against drivers to garner support and evaded regulatory authorities as it looked to conquer new markets early in its history. Culled from 124,000 documen...
AFP
San Francisco (AFP) - Uber and Google's autonomous vehicle unit Waymo on Tuesday said they are joining forces to get driverless trucks hauling cargo on roads across the United States. Due to the vast distances between American cities and with truck transport key to the economy, companies see self-driving as a way to cut costs and reduce risk. Waymo will allow its technology to mesh with an Uber Freight platform that connects truckers with loads in a spin on how Uber lets people summon rides using smartphone apps. "Uber Freight's network of shippers, carriers, and marketplace technology is a gr...
AFP
San Francisco (AFP) - Uber said Monday it is revving up to be a "go anywhere and get anything" service, testing delivery robots, weaving in Google voice commands and more as people shed their pandemic lifestyles. The San Francisco-based tech firm unveiled enhancements to its platform as it navigates tough economic conditions but looks to ride a busy travel season. "After two years of pandemic living, 2022 is looking like a sea change," said Uber chief executive Dara Khosrowshahi. "One of the busiest travel seasons is upon us, a record-breaking number of weddings will be held this year, and cli...
AFP
New York (AFP) - Uber said Thursday it will collaborate with New York taxi networks, a longtime transportation rival, boosting driver supply as the city emerges from the pandemic. Under the partnership, Uber will integrate its smartphone app with those used by the city's 14,000 iconic yellow cabs, an Uber spokesperson told AFP, confirming a report in the Wall Street Journal. The taxi apps, run by Creative Mobile Technologies and Curb Mobility, allow riders to pay with a credit card. Passengers will pay roughly the same under either system, while cab drivers will be able to decline rides if the...
AFP
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