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...Under the restructuring agreement announced on Wednesday, Bird will essentially be taken over by its creditors....
...Customers are less likely to ride bikes and scooters in cold or wet weather, and their operators lose business as tourism wanes in many cities....
...We reached the highest level of annual riders in our history, delivered over 700mn rides, and helped drivers take home over $8bn . . ....
...On Tuesday it showed plans for a ride-hailing app. There are no details on regulatory approval or rollout. The focus on robotaxis seems an attempt to draw attention away from falling sales....
...Meanwhile, Uber seems to be turning on the taps in its ride-hailing division....
...Reddit joined ride-hailing app Uber and online rental site Airbnb, which set aside allocations for eligible drivers and hosts respectively in their IPOs at the start of the decade....
...Under co-founder Travis Kalanick, the company had raised huge amounts of capital in an aggressive global push to dominate the ride-sharing market....
...Uber chief executive Dara Khosrowshahi has received options to buy stock worth about $136mn after hitting a performance target to secure a $120bn valuation for the ride-hailing company....
...Habib is also brilliant at evoking the quieter pleasures of travel — discovering Brooklyn’s gently unfolding geography when she takes long bus rides, her baby in a sling, as well as travelling to Ethiopia...
...Co-founder Kalanick had propelled Uber from a San Francisco start-up to a global business, raising vast amounts of venture capital in an effort to dominate the ride-hailing market....
...Google’s Cloud business revenue rose 28 per cent to $9.6bn as companies seek access to the vast computing power and chip infrastructure to train LLMs and ride the AI wave....
...Under chief executive Dara Khosrowshahi, Uber has pushed into businesses beyond its core ride-sharing and restaurant delivery segments, including grocery delivery and advertising, which has boosted margins...
...The Chinese ride-hailing group has posted its first profit since Beijing’s crackdowns in 2021....
...The hard question is: now that Uber has cut expenses and raised prices in its core ride-sharing (“Mobility”) business, what is its growth rate?...
...Shah also wants Novavax to strike royalties partnerships to access outside funding to restart clinical studies into other vaccines targeting influenza, respiratory syncytial virus and H5N1 bird flu....
...The terns diving between us, we ride in great swooping arcs, lit with exhilaration....
...“Onwards, onwards we ride..."...
...If you’ve been under a rock, here’s the latest via the Borg: Lyft Inc....
...That is in the top decile of historical momentum, as you can see in the chart: Euphoric sentiment urges caution, but strong momentum suggests investors should let it ride. Which to believe?...
...Brussels has taken another tentative step towards improving employment conditions for workers at ride-sharing and delivery groups such as Uber and Deliveroo, following a long fight with individual member...
...Over the years, the ride-hailing and food delivery company has handed out generous equity awards to employees, inflating the total share count....
...These thin margins — a $10 fare only results in 20 or 30 cents of company operating profit — demonstrate that the companies require a massive volume of rides to be profitable....
...Shares of Lyft soared more than 60 per cent on Tuesday before falling back sharply, after an error in the ride-hailing company’s quarterly earnings release exaggerated the outlook for margin growth in 2024...
...Kassan’s claim alleges that “Zimmer (and his wife) were on the very plane rides (there were numerous)”, which the chief executive complained had not been approved....
...San Francisco-based Uber has begun inviting London black-cab drivers to register for its planned new service, despite continued opposition to the ride-hailing company from the Licensed Taxi Drivers’ Association...
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