Tech Stock News
Friday, March 31, 2023
The California Air Resources Board (CARB) proposes that ridesharing companies should account for 90% of EVs (Electric Vehicles) by 2030. Already, LYFT Inc (NASDAQ:LYFT) and Uber Technologies Inc (NYSE:UBER) set a goal to switch to EVs by 2030. Ridesharing companies demand subsidies The clean air regulators in California proposed a rule that all Lyft […]
The ride-hailing market seems to be improving, with Uber Technologies Inc. (NYSE: UBER) and Lyft Inc. (NYSE: LYFT) reporting earnings that topped expectations. Ride-hailing demand is outstripping labor supply putting drivers in control, and the strengthening economy could achieve what activists failed to attain, which is benefits and better pay. […]
Uber Technologies (NYSE:UBER) has said that as offices reopen and people return to work, its employees can choose to work from home but for only two days. Uber adopting hybrid work model Interestingly, from September, Uber will shift its work model to a “hybrid model.” Nikki Krishnamurthy stated in a […]
Lyft Inc. (NASDAQ:LYFT) has unveiled a healthcare program, Lyft Pass for Healthcare, which will allow health care organizations to send patients prepaid passes they can use for rides during doctor’s appointments. Lyft Pass for Healthcare program allows patients to request a ride from the app Megan Callahan, Lyft Healthcare VP […]
Ridesharing company Uber Technologies (NYSE:UBER) has sold its flying taxi business Elevate to electric aircraft company Joby Aviation. The Elevate unit is the second business that the company has sold in a week as it seeks to excise its cash losing business to carve a path to profitability. The sale […]