Search result for LYFT
TOYOTO TO ACQUIRE LYFT’S SELF DRIVING DIVISION FOR $550 MILLION
Highlights –
- Toyota to acquire Lyft’s self-driving division for $550 million.
- Toyota will make the purchase via its unit engaging in software developments Woven Planet Holdings Inc.
- Toyota is also working with Aurora Innovation ...
DIDI LIKELY TO LEAD IPO THROUGH GOLDMAN, MORGAN STANLEY
Highlights –
- Didi likely to lead IPO through Goldman, Morgan Stanley.
- China’s top ride-hailing firm is backed by SoftBank, Alibaba and Tencent.
- If Didi decides to sell 10% of its shares, itcould raise about $10 billion. <...
UBER VOWS TO SHIFT TO 100% ELECTRIC VEHICLES BY 2040
After years of criticism from environmental groups and officials over the pollution and the congestion caused by ride-hailing vehicles and calls for fleet electrification. Global ride-hailing platform, Kuber has finally taken a decision to switch to 100 percent electric vehicles. According to the...
CALIFORNIA APPEALS COURT HALTS LOWER COURT ORDER OVER UBER AND LYFT DRIVER-EMPLOYER ISSUE
Highlights –
- California appeals court halts lower court order over Uber and Lyft driver-employer issue.
- Drivers wish to continue working as independent contractors.
- The initial ruling forced the companies to treat their drivers as em...
UBER, LYFT GRANTED PRELIMINARY INJUNCTION BY CALIFORNIA JUDGE
Highlights:
• The preliminary injunction was requested by California Attorney General Xavier Becerra
• Uber and Lyft not happy with AB5
Gig workers that include professional...
LAWSUIT FILED BY TAXI WORKERS ALLIANCE ON BEHALF OF NY DRIVERS GETS THE DRIVERS UNEMPLOYMENT CHECKS
Highlights:
• Workers like taxi drivers, termed gig workers, are fighting to get recognized as independent contractors
• Recognition as employees or independent contractors will earn them benefits like employer-funded health care e...
UBER SACKS 23% OF WORKFORCE AMID COVID-19 CRISIS
Highlights
• Uber Technologies Inc. will sack 6,700 employees
• The newly planned measures are expected to bring in $1 billion in annual cost savings
According to an email sent by Uber Technologies Inc.’s chief executive officer Dara Khosrowshahi to e...
WALL STREET JUMPS, LYFT STOCKS SOARED 22 %
HIGHLIGHTS
- Lyft stocks climbed 22.0%.
- ViacomCBS stocks gained 10.7%.
- Stocks of PayPal Holdings jumped 13.9%
On Thursday, Wall Street’s indexes soared with the Nasdaq turning positive for the year. The reason being up...
The imaginary creature massacre evolution
It is simple to seem at today’s crop of sinking IPOs—like Uber, Lyft, and Peloton—or scuttled public offerings, like We, Work, Associate in The nursing see an eerie similitude to the dot-com bubble that popped in 2000. Both, then and currently, consumer-tech firms spent lavishly...