Uber Earned Profits in 2022 as Demands for Airport, Office Rides Increased in Post-Pandemic World

Uber Earned Profits in 2022 as Demands for Airport, Office Rides Increased in Post-Pandemic World

Uber Technologies said on Wednesday it would focus on delivering profits this year, after rounding off 2022 with blowout earnings as a surge in demand for airport and office rides helped the company rebound from pandemic lows. Uber’s shares rose nearly 4 percent at midday after the rideshare giant reported a surprise…

Lyft Testing Earnings Algorithm to Let Drivers See Destination, Pay Details Before Accepting Request

Lyft Testing Earnings Algorithm to Let Drivers See Destination, Pay Details Before Accepting Request

Ride-hailing firm Lyft said on Tuesday it was testing an earnings algorithm that will allow drivers in 18 US cities to see destination and pay details before accepting a request. The test follows a similar move by bigger rival Uber Technologies and underlines how the companies are going the extra…