Business, Technology

Lyft Names David Risher New CEO as Co-Founder Steps Down

Lyft Inc. tapped David Risher to be its new CEO, replacing co-founder Logan Green as the ride-hailing company struggles to compete with bigger rival Uber Technologies Inc.

Jackie Davalos | Bloomberg News
March 27, 2023
Business, Technology, Autonomous

Uber Launches Robotaxis but Driverless Fleet Is ‘Long Time’ Away

Uber Technologies Inc. is launching its first robotaxi service, reaffirming the company’s commitment for a self-driving taxi fleet even as the hype around autonomous vehicles fades.

Jackie Davalos | Bloomberg News
December 7, 2022
Business, Technology, Equipment, Safety, Autonomous

Uber Revives Self-Driving Taxi Dreams, Plans to Start This Year

Uber Technologies Inc. inked a deal with Motional Inc. to offer driverless deliveries and rides, rekindling its vision of a self-driving taxi fleet nearly two years after it sold its autonomous vehicle division.

Jackie Davalos | Bloomberg News
October 6, 2022
Business, Technology, Autonomous

Uber Soars After Beating Estimates as Ridership Defies Inflation

Uber Technologies Inc. reported revenue that beat analysts’ estimates, boosted by resilient demand from customers who continued to hail rides and order takeout food despite rising inflation. Shares jumped about 14% in early trading.

Jackie Davalos | Bloomberg News
August 2, 2022

Instacart CEO Courts Investors, Skeptics Ahead of IPO

Instacart Inc., a 10-year-old grocery delivery startup that was once one of the most highly valued of its gig-economy generation, is preparing to go public. CEO Fidji Simo now must convince investors that Instacart’s explosive growth during the COVID-19 lockdowns won’t fade along with the virus.

Jackie Davalos | Bloomberg News
May 12, 2022

Uber Sidesteps Lyft’s Debacle With Optimism Over Riders, Profit

Uber Technologies Inc. delivered a positive outlook for earnings in the current period, signaling the company plans to capitalize on robust ride demand without compromising profits by focusing on product changes, rather than incentives, to address the driver shortage.

Jackie Davalos | Bloomberg News
May 4, 2022
Business, Fuel, Logistics

Instacart Adds Fuel Surcharge to Offset High Gas Prices

Instacart Inc. is adding a fuel surcharge on grocery delivery orders, becoming the latest gig economy company to impose new fees on customers to ease drivers’ gas bills amid record-high prices.

Jackie Davalos | Bloomberg News
March 18, 2022
Business, Technology, Autonomous

Uber to Pilot Driverless Food Delivery in California in 2022

Uber Technologies Inc. plans to launch a driverless food-delivery pilot program in the U.S. next year, the company announced Dec. 16.

Jackie Davalos | Bloomberg News
December 16, 2021
Business, Logistics

New York City Council OKs Cap on Food Delivery Fees

New York City lawmakers passed a measure that will make temporary caps on third-party delivery fees permanent in a blow to companies like DoorDash Inc., Grubhub and Uber Technologies Inc.

Jackie Davalos | Bloomberg News
August 26, 2021
Government, Business

Oil Clinches Gain After OPEC+ Committee Recommends Supply Cut

Oil advanced for a second day after an OPEC+ committee recommended a larger supply cut to offset lost demand from the spread of the coronavirus.

Jackie Davalos | Bloomberg News
March 3, 2020