Page 9 - Rideshare Guy News Today

"Drivers are in a low-key strike," Nicole Moore, a volunteer organizer with Rideshare Drivers United, told CNBC. "Right now its a mini debacle for Uber and Lyft in terms of driver shortages and surge pricing throughout the US," Wedbushs Dan Ives said in an email. "Drivers are ~40% below capacity." Former ride-sharing drivers are staying off the road for a variety of reasons. For many its fear of the continued pandemic, which is what made them stop driving in the first place. Currently, less tha...

Uber and Lyft have long said they pay drivers fairly, but they havent shared all the data that could prove it tsonnemaker@insider.com (Tyler Sonnemaker) © Getty Images Uber and Lyft have been charging customers more in recent months amid a driver shortage, but questions remain about whether drivers are benefiting from the price surges. Getty Images Uber and Lyft are trying to lure drivers back on the road with the promise of high earnings. But both have struggled to back up ...

Getty Images Uber and Lyft are trying to lure drivers back on the road with the promise of high earnings.  But both have struggled to back up past claims about earnings, leaving many drivers skeptical. Experts told Insider Uber and Lyfts refusal to share pay data is largely to blame. In 2014, as Uber was on its way to becoming the worlds most valuable startup. It boasted that drivers in New York City working at least 40 hours per week earned a median income of mor...

If you've taken a rideshare like Uber or Lyft lately, you probably noticed skyrocketing prices. It's due to a driver shortage.

This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Company is debating the future of its shared ride service after suspending it when Covid-19 hit When it returns, UberPool will be almost unrecognizable, with no big discounts and limited routes Uber was once burning almost $1 billion a year on UberPool, while CEO targets profitability now The fate of Ubers popular shared ride service, UberPool, is in the balan...

Indigo Tech Raises Capital, Adds Leadership, and Announces Partnership to Deliver Ultraefficient EVs News provided by Share this article BOSTON, May 24, 2021 /PRNewswire/ --  Indigo Technologies, a lightweight electric vehicle OEM, founded by MIT professor Ian Hunter, and inventor of the worlds first robotic wheel with integrated electric suspension and propulsion, announces the company has closed additional funding, now exceeding $110 million in total capital raised. Finally, the wheel reinv...

Originally posted May 04, 2019  The casualisation of work is no aberration of capitalism. It is the logical outcome of a system based on profit. Precarious work is the product of processes within capitalism that Karl Marx described over 150 years ago. In the first volume of his seminal work on economics, Capital, Marx explains how the bosses obtain profit from the exploitation of workers: Capital is dead labour, that, vampire-like, only lives by sucking living labour, and lives the more, the ...

Uber, Lyft struggle to meet resurgent demand Chris Mills Rodrigo © Getty Images Uber, Lyft struggle to meet resurgent demand Demand for ridesharing services is beginning to pick back up as Americans get vaccinated against coronavirus, but many eager riders are running into the same problem: a lack of drivers. Both Uber and Lyft have acknowledged the mismatch between demand for rides and supply of drivers, which is resulting in longer waits and higher fares for consumers. Uber...

The pandemic drove Uber and Lyft drivers away. Many are in no rush to get back. Faiz Siddiqui, The Washington Post May 7, 2021 FacebookTwitterEmail Uber and Lyft are facing a supply shortage, as returning and newly vaccinated customers again flood the apps, only to find out there arent enough drivers to serve them.Getty Images /Alastair Pike SAN FRANCISCO - When the pandemic pushed him to quit driving for Uber, Steve Gregg didnt know he might be done with the ride-hailing apps for good. But he...

Provided by Dow Jones By Laura Forman The great ride-share recovery is no freeway. Shares of ride-hailing companies fell Wednesday following Lyfts first-quarter report and went even lower after hours on Ubers earnings release that came 24 hours later. Uber said its full ride-share recovery in places like Australia and Hong Kong has been offset to some degree by continued weakness in places like India and Brazil, where Covid-19 case counts remain high. Meanwhile Ly...