Uber annoys riders, a bombshell by a former employee and Lyft blames drivers. LegalRideshare breaks it down.
Cash is flowing, whistles are blowing, and ads are annoying. It’s all here in This Week in Rideshare.
MONDAY 10/31/22
Is Uber turning the corner to profitability? The Guardian adds:
The San Francisco-based ride-hailing giant squealed into “free cash flow”, as it puts it, in the last quarter, after racking up $23bn (20bn) in losses in its first heady decade or so. On Tuesday, investors will see if it can repeat the trick in its third-quarter results.
But the past year has seen a steady decline. For many, the simple act of going out and spending is a pre-Covid, pre-crisis habit — and with a scarcity of drivers, rocketing fuel costs and boring old stuff such as employment law weighing on Uber, the kind of loss-leading fares that attracted a generation of users can’t be sustained.
TUESDAY 11/1/22
Uber is testing push ads…and people aren’t thrilled. TechCrunch reported:
Uber recently launched its new advertising division and in-app ads. Apparently, those ads aren’t staying within the app.
Instead, ads from other companies are being sent out as push notifications, much to the chagrin of some Uber users. Over the weekend, people turned to Twitter to complain about the notifications, sharing screenshots of ads, including one particularly popular one from Peloton that Uber had sent out. One of the primary complaints: notifications are being sent out when users aren’t...
The lawsuit alleges the CCRB’s online database, 50-a.org, unfairly harms officers by listing serious accusations including sexual misconduct, racial profiling and making false official statements ...