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Uber and Lyft experiment with labor practices amid driver shortage

As companies such as Uber and Lyft make alterations to the way they run their business, the drivers who work for them are the only ones being affected. ....

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Uber and Lyft drivers are earning as much as $43 AN HOUR in US cities

Ride-hailing companies are offering drivers cash bonuses to return to the road
Lyft drivers are making an average $16 an hour more in the top 25 markets
Uber drivers can earn nearly $2,000 extra a month if they make 100 to 200 trips
Drivers have been reluctant to return to the road due to safety concerns
Uber said it wanted drivers to take advantage of higher earnings now because this is likely a temporary situation ....

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Uber enjoys record daily bookings in March

Reservations for the ride-hailing giant s mobility arm are currently running at an annualised rate of $30bn ....

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Record March Bookings Keep Uber on Track for Year-End Profitability

Author Bio
Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio.
His coverage reflects his passion for motorcycles, booze, and guns (though typically not all exercised at the same time), but his writing also covers the broader sectors of consumer goods, technology, and industrials. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. ....

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Uber reveals March bookings were the highest in company history as ride-hailing rebounds from the pandemic

Uber reveals March bookings were the highest in company history as ride-hailing rebounds from the pandemic
[email protected] (Grace Kay)
Uber saw record demand for its ride-hailing services in March, it said Monday
The company also hit another record for its delivery services.
Uber faces some difficulty finding drivers to meet post-pandemic demand for its services.
Uber on Monday revealed record bookings for the month of March 2021, fueled by an resurgence in travel as pandemic restrictions around the world slowly begin to slip away.
The company, which lost nearly $6.8 billion last year, said in a regulatory filing that March bookings were up 9% month-over-month to the highest level in company history. As a result, the company believes it can still become profitable by the end of 2021 on an adjusted EBITDA basis. ....

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