Uber and Lyft face challenges as they steer back toward profitability

Posted in REVIEWS on August 2, 2021
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Ride-hailing companies Uber Technologies and Lyft promised Wall Street they would be back on the road to profitability and growth by the time they reported second-quarter results this week, thanks to cost-cutting done to survive the pandemic. Now, concerns over an ongoing driver shortage and the spreading Delta variant are clouding the outlook for making good on achieving profitable operations this year. The ride-hail companies' core businesses are closely tied to broader economic activity and Read More »

Conversations with Uber drivers: When fate and an algorithm bring you together

Posted in REVIEWS on June 16, 2021
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Before the pandemic, rideshares swarmed the roads 24/7, and it was easy to catch an Uber at 5 a.m. But on a recent trip to the airport for the first time since lockdown, it took awhile for someone to show. Dropping my bag in the trunk and masking up, I climbed in and greeted the driver, who was apparently the only other guy awake at that hour. As we drove, we talked. Karsimi, 25, is Read More »

Analysis: U.S. labor secretary likely to investigate gig employers like Uber

Posted in REVIEWS on May 9, 2021
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Labor Secretary Marty Walsh. (AP) WASHINGTON — U.S. Labor Secretary Marty Walsh's move this week to block a rule making it easier to classify gig workers as independent contractors is just a first step in what is likely to be a long battle over how to delineate the rights of America's growing gig army. The rule by former President Donald Trump's administration, which was supposed to go into effect in March, would have hampered the ability of workers at companies Read More »