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“Uber and Lyft drivers get squeezed by high gas prices: ‘I barely broke even’” Uber and Lyft drivers are getting hammered by sky-high gas prices — and some are saying that they’re going to quit altogether. The news comes as Russia’s invasion of Ukraine, as well as increased commuting and travel, send gas prices soaring…
“#Didi bows to China pressure, will delist from NYSE months after its debut” Just five months after its debut, ride-hailing giant Didi Global said it plans to withdraw from the New York Stock Exchange and pursue a Hong Kong listing, a stunning reversal as it bends to Chinese regulators angered by its US IPO. The company’s shares…
“#China reportedly pressuring Didi to delist from NYSE” Chinese regulators have pressed top executives of ride hailing giant Didi to devise a plan to delist from the New York Stock Exchange due to concerns about data security, two people with knowledge of the matter told Reuters. China’s powerful Cyberspace Administration of China (CAC) has asked the management…
“#Docs say taxis should require shots for drivers, riders” Should you need a jab to hail a cab? With shared vehicles basically rolling petri dishes, epidemiologists say it would be “wise” to require drivers and passengers of taxis and other hailed rides to be vaccinated. “I certainly would be in favor of that,” Dr. Barun…
“#Uber to provide pension plans for UK drivers” Uber said it would start rolling out its pension plan to all eligible drivers in the United Kingdom, months after the ride-hailing service granted workers’ rights to its drivers in the country. In March, Uber had reclassified its more than 70,000 drivers in Britain as workers following a Supreme…
“#Uber, Lyft drivers win in California’s Proposition 22 ruling” A California judge on Friday struck down a ballot measure that allowed Uber and Lyft to deny drivers benefits by classifying them as independent contractors instead of employees. Alameda County Superior Court Judge Frank Roesch ruled that Proposition 22 was unconstitutional. California voters in November overturned…
“#Lyft driver busted for attack on country singer Clare Dunn” Country singer Clare Dunn has tearfully revealed how a rideshare driver yanked her from the car and violently threw her face-first into the ground — with the alleged driver busted early Tuesday, online records show. “This has been hell,” the “Get Out” singer tearfully told…
“#China weighs ‘unprecedented’ penalties for Didi after US IPO” China is reportedly weighing “unprecedented” penalties for Didi after the ride-sharing giant went public in the US in June despite a crackdown from its home country’s cybersecurity regulator. China’s government may forcibly introduce a state-owned investor to the company’s board or force Didi — popularly known…
“#China’s cyber-watchdog sends authorities to Didi as it amps up probe” China’s cyber-watchdog on Friday announced an on-site cybersecurity investigation of ride-hailing service Didi, stepping up scrutiny after earlier criticism of Didi’s handling of customer information caused the company’s New York-traded shares to tumble. The on-site inspection comes two weeks after the regulator said it…
“#China investigates Didi over cybersecurity days after huge IPO” Didi Global’s shares fell more than 10 percent in New York on Friday after China’s cyberspace agency said it had launched an investigation into the Chinese ride-hailing giant to protect national security and the public interest. The Cyberspace Administration of China (CAC) said on its website that Didi was…