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Ride-hailing drivers have seen their pay decline as Uber and Lyft has used algorithms to set variable rates. Upfront pricing has meant lower, less predictable earnings, experts say. ....
Uber, the San Francisco-based ride-hailing company, topped Wall Street expectations Wednesday in announcing its first annual profit since going public in 2019. The company also predicted better-than-expected results for the first quarter of 2024. ....
Lyft announced steps Tuesday to address longstanding driver concerns, including an assurance that all drivers receive at least a 70% cut of their riders’ fares each week after taxes and other non-company fees. ....
The measure would have taxed the wealthy to fund electric vehicle rebates and fight wildfires in California, where global warming effects have come faster and with greater intensity than previously expected ....