In an earnings call on Friday (May 31), Uber CEO Dara Khosrowshahi said the company was optimistic about the ride-sharing market and the competition within it. Lyft shares rose following the news, according to a report by CNBC. Get the Full Story Complete the form...
Ride-hailing giant Uber has teamed up with a leasing startup called Fair to help drivers without credit, or with low capital, secure a car, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Uber is going to start deactivating riders with low ratings, according to a report. The ridesharing company started the new initiative on Wednesday (May 29) in the U.S. and Canada. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Nigerian-based Gokada has raised a $5.3 million Series A round that it will use to expand its motorcycle business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Uber has launched JUMP e-bikes in London, with a pilot program of 350 bikes in the Islington Borough and a plan to bring the service to other parts of the city in the near future, according to a report. Get the Full Story Complete the...
Rideshare company Lyft has announced that Citi Bike has now been completely integrated into its smartphone app. In July 2018, Lyft acquired Motivate, the largest bikeshare operator in the U.S. and the parent company of Ford GoBike and Citi Bike. Lyft reportedly paid approximately $250...
General Motors is winding down its carsharing service dubbed Maven in eight of the 17 cities in the U.S. where it is operational. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The New York Attorney General’s office and New York Mayor Bill de Blasio have both ordered investigations into the practices of the taxi industry that has resulted in drivers saddled with crushing debt after being steered into costly loans. Get the Full Story Complete the...
Cargo has gone international by expanding its partnership with Uber to include Brazil. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
