RideSharing

Uber Under Scrutiny: FTC Launches Consumer Protection Investigation

22 days ago

In a significant move that could impact its operations and reputation, ride-hailing giant Uber finds itself entangled in an investigation initiated by the Federal Trade Commission (FTC). The probe, focused on potential violations of consumer protection laws, comes amid increasing scrutiny of how the company manages user data, pricing practices, and transparency in its services.

DoorDash Expands Its Services: Rides and Original TV Shows Coming to Your Doorstep

1 month ago

In a bold move to enhance its service offerings, DoorDash has announced plans to diversify beyond food delivery by introducing ride-sharing services and original television content aimed at enriching the dining experience for its users. This expansion marks a significant shift in the company's operational strategy and seeks to capitalize on the growing trend of combining digital media with everyday services.

Lyft Boosts Earnings Forecast as Monthly Subscription Model Gains Traction Among Commuters

2 months ago

In a notable turnaround for the ride-sharing giant, Lyft has increased its earnings forecast for the upcoming quarter, thanks to the surging popularity of its monthly subscription service. This service has particularly attracted daily commuters, assisting Lyft in solidifying its position amid growing competition in the transportation sector.

Lyft Partners with Mobileye to Accelerate Autonomous Driving Technology

2 months ago

In a significant step towards enhancing the landscape of autonomous transportation, Lyft has announced a partnership with Mobileye, a leader in autonomous driving technology. This collaboration is poised to create a series of strategic deals aimed at advancing the development and deployment of self-driving cars, thus marking a major milestone for both companies in the competitive ride-sharing and autonomous vehicle markets.

Uber and Lyft Stocks Soar Following Tesla's Underwhelming Robotaxi Unveiling

2 months ago

In a surprising turn of events, shares of ride-sharing giants Uber and Lyft experienced a notable surge following Tesla's recent announcement regarding its much-anticipated robotaxi. The unveiling of Tesla's autonomous vehicle, which was expected to revolutionize the transportation industry, turned out to be rather lackluster, sparking a rally in the stocks of its competitors.