Uber Vs Lyft

Uber pays $178 mn to end legal fight with Australian taxi drivers

Global rideshare giant Uber will pay 272 million Australian dollars (USD 178 million) to settle a long-running dispute with Australian taxi and hire car drivers who lost out when the company entered the Australian market. A class action against Uber had been expected to go to trial in the Supreme Court of Victoria on Monday, but Maurice Blackburn Lawyers representing 8,000 taxi and hire car drivers said the case will be dropped because Uber agreed to the financial settlement. Maurice Blackburn principal lawyer Michael Donelly said that drivers and car owners suffered financial losses due to Uber's aggressive entry into the market in 2012 and that the company consistently attempted to avoid compensating them. "On the courtroom steps and after years of refusing to do the right thing by those we say they harmed, Uber has blinked, and thousands of everyday Australians joined together to stare down a global giant," he said. An Uber statement described the complaints of the taxi indust

Thousands of US Uber, Lyft drivers plan strikes on Valentine's Day

Thousands of US ride-hailing workers plan to park their cars and picket at major U.S. airports Wednesday in what organizers say is their largest strike yet in a drive for better pay and benefits. Uber and Lyft drivers plan daylong strikes in Chicago; Philadelphia; Pittsburgh; Miami; Orlando and Tampa, Florida; Hartford, Connecticut; Newark, New Jersey; Austin, Texas; and Providence, Rhode Island. Drivers also plan to hold midday demonstrations at airports in those cities, according to Justice for App Workers, the group organizing the effort. Rachel Gumpert, a spokesperson for Justice for App Workers, said ride-hailing drivers in other cities may also demonstrate or strike for at least part of the day. Uber said Tuesday it doesn't expect the strike to have much impact on its operations on Valentine's Day. These types of events have rarely had any impact on trips, prices or driver availability, Uber said in a statement. That's because the vast majority of drivers are satisfied. Gump

Uber to lay off 200 employees in recruitment division to streamline costs

The ride-hailing company laid off 200 employees in its recruitment division as another measure to streamline costs. The layoff represents 1 per cent of its global workforce.

Uber, Lyft slump as US proposal on workers a potential blow to gig economy

The US Labor Department's proposal will require workers to be considered a company's employees when they are 'economically dependent' on the company

Rivals Uber and Lyft are driving down different roads in search of profit

Uber and Lyft, both based in San Francisco, are ride hailing's odd couple

Uber puts brakes on growth at any cost strategy and investors will be happy

The company is trying to stop growing where it doesn't make sense

Factbox: How Uber and Lyft compare on key financial metrics

Here are how the two companies compare on key metrics from Uber's filing