Page 198 - Uber News Today

Investors cheered the plans, with shares rising 12%, on the same day that thousands of drivers for Uber, rival Lyft and food delivery app DoorDash planned a one-day strike across the United States for fair pay. The company posted free cash flow of $3.4 billion in 2023, up from $390 million a year earlier.

Stock, which had more than doubled over the past 12 months, jumped 11 per cent on Wednesday

New Jersey rideshare drivers are set to participate in a nationwide protest on Wednesday, demanding better working conditions from Uber and Lyft.

Breeze Airways is offering new routes from Rhode Island T.F. Green Internaional Airport.

Thousands of U.S. ride-hailing workers plan to park their cars and picket at major airports, including Orlando International Airport.

Thousands of ride-hailing workers in the US are set to strike at major airports on Wednesday, in what organisers claim will be their largest protest yet. The drivers, employed by firms including Uber and Lyft, are calling for better pay and conditions, including higher wages and access to healthcare. The companies argue that they already provide a fair wage, and Uber has said it does not expect the strike to have any significant impact on its operations.

Rachel Gumpert, a spokesperson for Justice for App Workers, said ride-hailing drivers in other cities may also demonstrate or strike for at least part of the day. Uber said Tuesday it doesnt expect the strike to have much impact on its operations on Valentines Day. "These types of events have rarely had any impact on trips, prices or driver availability," Uber said in a statement. "Thats because the vast majority of drivers are satisfied."

The protest comes as members from Justice for App Workers planned to stop giving rides to and from all airports in 10 cities for two hours on Valentine’s Day.

Shares of ride sharing and on demand delivery service Uber (NYSE: UBER) jumped 12.1% in the morning session after peer, Lyft reported fourth-quarter results indicating growing users, enabling it to beat Wall Street's revenue and EPS estimates. Lyft reported that Rides growth accelerated for the fourth quarter in a row to 26% year on year in the quarter. In addition, Lyft's guidance for Q1 2024 came in ahead of expectations for gross bookings (from which the company generates revenue by...

Workers are holding their strike at Vancouver International Airport in Richmond, as they are unhappy with wages.