RideHailing

Grab Holdings Reports Impressive Quarter, Analysts Optimistic About Future Stock Performance

7 days ago

In a notable financial report released recently, Grab Holdings, a leading Southeast Asian technology company known for its ride-hailing and food delivery services, showcased significant growth in its latest earnings quarter. This surge has caught the attention of financial analysts, many of whom are now optimistic about the company's potential for further stock gains.

DiDi Global Reports Profits as It Gears Up for Hong Kong IPO

21 days ago

In a notable shift for the ride-hailing giant DiDi Global Inc., the company has announced that it has once again achieved profitability, marking a significant milestone as it prepares for its upcoming initial public offering (IPO) in Hong Kong. This news comes on the heels of a turbulent period for the company, which faced numerous challenges over the past few years, including regulatory scrutiny and intensifying competition.

Uber Under Scrutiny: FTC Launches Investigation into Subscription Plans and Consumer Protections

22 days ago

In a significant move impacting the ride-hailing giant Uber, the Federal Trade Commission (FTC) has initiated an investigation focusing on the company's subscription plans and their implications for consumer protection. This probe is set against the backdrop of increasing scrutiny of tech companies regarding their business practices and accountability towards consumers.

Grab Raises Outlook After Exceeding Earnings Expectations

1 month ago

In a surprising turn of events, Grab Holdings Inc., the Singapore-based super app, has elevated its financial forecast for the upcoming quarters following a robust performance in its latest quarterly earnings report. The company reported a significant increase in revenue that outpaced analysts' projections, solidifying its position as a leader within the Southeast Asian market.

Uber Seeks to Lower Minimum Pay for NYC Drivers Amid Falling Gas Prices

2 months ago

In a significant move that has raised eyebrows across the ride-hailing industry, Uber has officially proposed a reduction in the minimum pay for drivers in New York City, attributing this potential change to the recent decline in gas prices. This announcement comes as a part of Uber’s ongoing effort to adjust its operational costs and remains controversial among driver advocates who argue that this could lead to lower wages at a time when many are struggling to make ends meet.

Can Uber and Lyft Really Keep Rides Cheap While Keeping Drivers Happy? The High-Stakes Struggle Unveiled!

3 months ago

Uber and Lyft, two dominant ride-hailing giants, have been dealing with an issue that is getting more and more difficult for the last few months amid the rapid changes in the gig economy revolution. They have to keep their cab tariffs low while providing the drivers with decent pay. They're responding progressively and innovatively to the disturbance in their business models. However, the danger has never been higher than now.