Latest Uber Technologies Inc News
Some Uber, Lyft drivers sue over California ballot measure
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...
Once lost to addiction, she returns with message of hope
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...
Some businesses thrived, many lagged during pandemic in 2020
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...
From Zoom to Quibi, the tech winners and losers of 2020
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
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...
Blockbuster IPO market still calls for cautious approach
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...
Fears and tension mount for commuters still heading to work
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,...
DoorDash delivers 86% gain in stock market debut
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...
Blockbuster IPO market still calls for cautious approach
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...
GM's Cruise to deploy fully driverless cars in San Francisco
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...
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