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Uber and Lyft in June agreed to adopt a $32.50 hourly minimum pay standard for Massachusetts drivers and pay $175 million to settle a lawsuit by the Democratic-led state's attorney general ...
The California Supreme Court ruled Thursday that app-based ride-hailing and delivery services like Uber and Lyft can continue treating their drivers as independent contractors rather than employees.
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The protest comes just as Uber, the largest ride-share company, saw its shares hit a record high after announcing a $7 billion share buyback. Uber, Lyft drivers strike across US, demanding fairer ...
Today, the stock continued to rise on that news and broader gains in the market, despite President Donald Trump's announcement of additional tariffs on steel and aluminum imports. Why Uber Stock ...
Uber can boost shareholder value with stock buybacks because of its surging free cash flow. In Q4, the company's free cash flow more than doubled from the prior-year period to $1.7 billion.
California's Private Attorneys General Act, or PAGA, allows workers to sue on the state’s behalf for labor law violations, and Uber's argument, if recognized by the court, would have limited its ...
Uber posted a surprise first-quarter loss and forecast gross bookings in the second quarter below Wall Street expectations, sending the shares of the ride-share and food delivery company down 6% ...