Lyft is bringing its rideshare service to Puerto Rico, the next step in its expansion across North America and into Europe https://t.co/agjxQYvu10 ...

Core Points - The certification of Greater Victoria's Uber drivers marks a historic moment as they become the first rideshare drivers in Canada to unionize, aiming to negotiate a collective agreement [1][2] - UFCW 1518, as BC's largest private sector union, is committed to supporting these drivers in their negotiations, emphasizing the importance of giving gig workers a voice in their working conditions [2][3] - The union has a proven track record in organizing workers in emerging industries, including the cannabis sector and temporary foreign agricultural workers, showcasing its capability to advocate for non-traditional workers [3] Industry Impact - The successful organization of Uber drivers in Victoria is seen as a significant development for the labor movement in Canada, indicating that workers in the platform economy can unite and advocate for their rights [3][5] - The drivers have identified key issues for negotiation, including transparency in trip rates and earnings, improved health and safety protections, and fair account deactivation processes, reflecting their priorities [4] - British Columbia's progressive labor laws have facilitated this certification, recognizing the rights of platform workers to organize similarly to other workers in the province [5] Union's Role - UFCW 1518 is focused on collaborating with drivers to develop proposals that align with their needs, demonstrating a commitment to effective collective bargaining [4][5] - The union's leadership is expected to enhance the drivers' chances of success in negotiating their first collective agreement, highlighting the importance of strong local representation [5] - UFCW 1518 represents over 28,000 workers across various sectors, indicating its extensive experience and resources in labor representation [6]

The biggest story in June concerning autonomous driving was Tesla's long-awaited robotaxi launch, but the news surrounding Uber Technologies (UBER -1.19%) could have a bigger impact in the near term. Shares of Uber climbed 10.9% in June, according to data provided by S&P Global Market Intelligence, on investor excitement about the company offering autonomous rideshare services in a second major U.S. market. Uber and Waymo extend their alliance Uber is perhaps the biggest name in ridesharing and initially ha ...

Don’t think UBER’s drive up the charts is running out of gas.Rideshare firebrand Uber Technologies (UBER) boasts a 53.6% year-to-date gain. Despite a post-earnings bear gap back in early May, UBER proved resilient, and nabbed a May 20 record high of $93.60. Now, the shares are testing this level once more, and could barge on through, with this bullish combination flashing.UBER’s new highs are coinciding with historically low implied volatility (IV) -- a combination that has been bullish for the stock in the ...

Lyft (LYFT) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Aurelien Nolf - Vice President, FP&A & Investor RelationsDavid Risher - Chief Executive Officer and DirectorErin Brewer - Chief Financial OfficerEric Sheridan - Managing DirectorJeff Seiner - VP, Internet Equity ResearchSteven Fox - Founder & CEO Conference Call Participants Brad Erickson - Equity AnalystKen Gawrelski - AnalystMichael Morton - Senior Research Analyst, Internet (E-commerce & Marketplaces)Nikhil Devnani - AnalystS ...

Rideshare stock Uber Technologies Inc (NYSE:UBER) is down 1.4% at $84.65 at last glance, after the company's mixed first-quarter results. Earnings of 83 cent per share beat the Zacks Research estimate of 51 cents per share, while revenue of $11.53 billion slightly missed expectations. Today's drop has UBER looking to snap a three-day win streak. The stock hovered around $86.50 at its highs during the last two sessions, but failed to extend its Oct. 11 record high of $87. Today, former pressure at the $80 le ...

Engine Capital, a special situations fund that invested in Lyft in 2024 and has about a 1% stake in the company, said Tuesday (April 29) that it aims to elect two candidates to the rideshare company’s board of directors and address Lyft’s “governance and capital allocation shortcomings.”In a Tuesday press release, Engine Capital said it believes Lyft should implement a $750 million accelerated share repurchase program, eliminate the dual class share structure and de-stagger the board.Engine Capital said in ...