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Uber’s settlement represents more than 3% of the $9.23 billion in revenue it generated last quarter. And Lyft’s settlement comes to nearly 4% of the $1.02 billion in revenue it reported .
Uber's cash flow rose to $3.4 billion in 2023, up from $390 million a year earlier. Shares of Lyft were up 32% on Wednesday after its earnings, which surpassed Wall Street's expectations.
Attorney General Letitia James said Uber will pay $290 million and Lyft will pay $38 million to resolve her office's multi-year investigation into the companies, calling it the largest wage theft ...
Uber allegedly used this button at least 24 times, from spring 2015 until late 2016. [27] [28] The existence of the kill switch was confirmed in documents leaked in 2022. [29] When Uber offices were raided by police or regulatory agencies, the "kill switch" of which was not used until the very moment, was used to cut access to the data systems ...
In Other News. Entertainment. Entertainment. ... It’s an unusually bad time for Trump’s tariffs. Food. Food. Delish. ... Yahoo Sports. Donovan Mitchell puts ...
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Uber CEO Dara Khosrowshahi will be the first person to tell you why his company sucks.. In fact, he once hosted an all-hands presentation for Uber staff titled “Why We Suck,” in which he ...