Latest Uber Technologies Inc News

Some Uber, Lyft drivers sue over California ballot measure

Jan. 12, 2021 7:40 PM EST

LOS ANGELES (AP) — Drivers for app-based ride-hailing and delivery services filed a lawsuit Tuesday to overturn a California ballot initiative that makes them independent contractors instead of employees eligible for benefits and job protections. The lawsuit filed with the California Supreme Court said...

Megan Cohen's mom, Jennifer Shablin, a volunteer with The Grace Project, unloads juice donations from the back of her daughter's car parked outside The Last Stop in the Kensington neighborhood of Philadelphia on Thursday, Oct. 8, 2020. (Michele Haddon/Bucks County Courier Times via AP)

Once lost to addiction, she returns with message of hope

Jan. 9, 2021 10:07 AM EST

PHILADELPHIA (AP) — Under the weight of a soaked blanket, Megan Cohen inched her way, on foot, along a stretch of Interstate 95 in Philadelphia, the rain beating against her frail body. She wasn’t looking to be saved. “I was so broken. I was homeless at that point for quite a while and I...

FILE - A traveler wears a mask as she waits for her flight in Terminal 3 at O'Hare International Airport in Chicago, Sunday, Nov. 29, 2020.  The coronavirus pandemic created winners and losers in the business world. Wall Street recovered after March, even though Main Street is still struggling.  As few people traveled, the airline industry needed billions of dollars in aid from the government and is still threatening to lay off workers.(AP Photo/Nam Y. Huh)

Some businesses thrived, many lagged during pandemic in 2020

Dec. 31, 2020 12:01 PM EST

By March 23, Apple had lost $435 billion in market value in about five weeks and many of its retail outlets were shut as the virus pandemic walloped the global economy and stock markets. Meanwhile, a report issued by the National Bureau of Economic Research found that 2% of small businesses surveyed had shut down...

FILE - Visitors to the Pax East conference play the new Nintendo Switch video game Animal Crossing, Thursday, Feb. 27, 2020, in Boston. Thousands of gaming enthusiasts attended the Pax East conference that opened in Boston, Thursday. (AP Photo/Steven Senne)

From Zoom to Quibi, the tech winners and losers of 2020

Dec. 28, 2020 5:54 PM EST

We streamed, we Zoomed, we ordered groceries and houseplants online, we created virtual villages while navigating laptop shortages to work and learn from home. In many ways, 2020′s pandemic-induced isolation threw our dependence on technology into overdrive, snipping away at our real-life connections while...

Swiss say Uber Eats must register as postal service provider

Dec. 17, 2020 1:15 PM EST

GENEVA (AP) — Swiss authorities say food delivery service Uber Eats counts as a postal service provider -- and needs to be regulated as such. Switzerland’s postal supervisory authority, PostCom, announced Thursday that the U.S.-based company’s Swiss affiliate needs to register as a postal...

FILE - New York Stock Exchange floor governor Rudy Maas, left, calls out prices during the IPO of MGM Growth Properties on the floor of the NYSE, Wednesday, April 20, 2016. Wall Street has rolled out the welcome mat for companies going public this year, boosting proceeds from initial public offerings to the highest level in six years. Companies that have gone public this year have averaged a return of 53.8% above their IPO price, including a return of 23.4% after their first day of trading, according to Renaissance Capital, an IPO research provider. (AP Photo/Richard Drew, file)

Blockbuster IPO market still calls for cautious approach

Dec. 10, 2020 4:53 PM EST

LOS ANGELES (AP) — Wall Street has rolled out the welcome mat for companies going public this year, boosting proceeds from initial public offerings to the highest level in six years. IPOs slowed sharply in the spring due to the pandemic, but they surged in the summer as the market recovered from a steep...

People wear protective masks during the coronavirus pandemic while boarding a bus near the Fordham Metro North station Thursday, Oct. 22, 2020, in New York.  As the coronavirus rages across the U.S., grocery workers, health care professionals, university staffers, cleaning crews and others who don’t have the option to work from home must weigh safety against affordability when deciding how best to commute to their jobs.  (AP Photo/Frank Franklin II)

Fears and tension mount for commuters still heading to work

Dec. 10, 2020 2:59 PM EST

NEW YORK (AP) — One by one, the fears creep in as Aura Morales rides the bus to her job at CVS in Los Angeles. A passenger boards without a mask but she doesn't dare confront him. More riders board and it's impossible to stay six feet apart. Driving to work isn't an option; Morales can't afford a car,...

FILE - The DoorDash app is shown on a smartphone on Feb. 27, 2020, in New York. DoorDash is capping a year of explosive growth with an initial public offering, hoping to keep the momentum going even if demand for food delivery eases in a post-pandemic world. (AP Photo)

DoorDash delivers 86% gain in stock market debut

Dec. 9, 2020 11:47 PM EST

DoorDash shares soared in its initial public offering Wednesday, capping a year of explosive growth for the food delivery company. What's not yet clear is whether DoorDash can keep the momentum going even if delivery demand eases in a post-pandemic world. The San Francisco-based company raised $3.4 billion in...

FILE - New York Stock Exchange floor governor Rudy Maas, left, calls out prices during the IPO of MGM Growth Properties on the floor of the NYSE, Wednesday, April 20, 2016. Wall Street has rolled out the welcome mat for companies going public this year, boosting proceeds from initial public offerings to the highest level in six years. Companies that have gone public this year have averaged a return of 53.8% above their IPO price, including a return of 23.4% after their first day of trading, according to Renaissance Capital, an IPO research provider. (AP Photo/Richard Drew, file)

Blockbuster IPO market still calls for cautious approach

Dec. 9, 2020 6:23 PM EST

LOS ANGELES (AP) — Wall Street has rolled out the welcome mat for companies going public this year, boosting proceeds from initial public offerings to the highest level in six years. IPOs slowed sharply in the spring due to the pandemic, but they surged in the summer as the market recovered from a steep...

FILE - In this Jan. 16, 2019, file photo, Cruise AV, General Motor's autonomous electric Bolt EV is displayed in Detroit. General Motors' self-driving car company is sending vehicles without anybody behind the wheel in San Francisco as it navigates its way toward launching a robotic taxi service that would compete against Uber and Lyft in the hometown of the leading ride-hailing services. The move announced Wednesday, Dec. 9, 2020, by GM-owned Cruise come two months after the company received California’s permission to fully driverless cars in the state.  (AP Photo/Paul Sancya, File)

GM's Cruise to deploy fully driverless cars in San Francisco

Dec. 9, 2020 5:27 PM EST

SAN RAMON, Calif. (AP) — General Motors' self-driving car company is sending vehicles without anybody behind the wheel in San Francisco as it navigates its way toward launching a robotic taxi service that would compete against Uber and Lyft in the hometown of the leading ride-hailing services. The move...