Tag Archives: Uber

How to Become a Rideshare Driver | businessnewsdaily.com

The entry barriers are lower than with most jobs if you’re looking to drive for Uber or Lyft. Here’s how to properly hit the road with these apps.

  • Driving for Lyft and Uber doesn’t require interviews or many hard skills, so there’s a relatively low barrier to entry. You’ll still need to provide valid auto documentation and pass background checks, though.
  • Uber and Lyft have slightly different requirements for drivers and vehicles. You’ll generally need at least a year of driving experience and a car in great condition.
  • You’ll need to get your car inspected before your app of choice permits you to drive. Depending on your location, you may need to get your car inspected every 4-12 months.

This article is for people interested in driving for Uber or Lyft.

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California’s Plan to Electrify Uber and Lyft Doesn’t Add Up | WIRED

GABE ETS-HOKIN HAS been picking up Bay Area Uber and Lyft passengers in electric vehicles since 2018, and he says he is never going back to petrol. “The day-to-day reality of driving an electric vehicle is like a gasoline car, except it’s quieter, more fun to drive, more comfortable, and passengers love it,” he says.

EVs, he explains, are an especially good fit for the stop-and-start of driving in dense cities because they use regenerative braking, which captures the energy used to slow to a stop and “reinvests” it in charging the battery. Instead of tracking down public chargers, he hooks his car up to the charger he’s installed at his house.

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Uber Won’t Let California Drivers Set Their Own Prices Anymore After Rider Cancellations Increased 117% | Forbes

Uber will no longer allow drivers in California to set their own prices after rider cancellations increased 117% over the past year, the latest change to Uber’s service following the passage of Proposition 22, which made ride-hailing drivers independent contractors.

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Uber Gives Up on the Self-Driving Dream | WIRED

IN 2015, THEN Uber CEO Travis Kalanick pulled off a bold talent raid when he poached some 40 roboticists from the National Robotics Engineering Center at Carnegie Mellon. The move reportedly left the world-class engineering university reeling, and it seemed to signal that the world’s hottest startup was on the cusp of making self-driving cars a reality.

Now, that self-driving unit is no more, and the estimated timeline for robotaxi domination has extended well into this decade. Uber said Monday it would sell off the self-driving unit that was the result of that raid, the Pittsburgh-based Advanced Technologies Group. The 1,200-person unit will be acquired by the self-driving-tech developer Aurora. Uber will invest $400 million in Aurora as part of the deal, bringing Aurora’s valuation to $10 billion and tripling its workforce. Uber’s current CEO, Dara Khosrowshahi, will also take a seat on Aurora’s board.

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Rethinking The On-Demand Workforce | Getentrepreneurial.com

In this era of chronic skills shortages, rapid automation, and digital transformation, companies are confronting a growing talent problem, one that has the potential to become a strategic bottleneck. How can they find people with the right skills to do the right work at just the right time? The half-life of skills is shrinking fast, and many jobs now come and go in a matter of years. Not only that, but major demographic changes are under way: Boomers are aging out of the workforce, and Millennials and Gen Z are taking over, bringing with them very different priorities about who should do what work—and where, when, and how it should get done.

To help companies address these challenges, a new generation of talent platforms—such as Catalant, InnoCentive, Kaggle, Toptal, and Upwork—has emerged. In contrast to Uber, Amazon Mechanical Turk, and TaskRabbit, these platforms offer on-demand access to highly skilledworkers, and our research shows that their number has risen substantially since 2009, from roughly 80 to more than 330. Much of that growth took place during the past five years alone. Today almost all Fortune 500 companies use one or more of them.

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Uber has its highest close since IPO | TechCrunch

Uber shares surged 7.38% to close at $48.18 following news that a vaccine candidate is 90% effective at preventing COVID-19, and could start coming to market in a matter of months.

The announcement by drugmakers Pfizer and BioNTech sparked widespread optimism and helped boost shares across industries that have been weakened by the COVID-19 pandemic, including services like ride-hailing.

Uber’s share pop is notable beyond this one-day vaccine-news boost. This is the highest close for Uber since its public market debut in May 2019. This is also the first time since June 2019 that shares closed above its $45 IPO price

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Ola fails to get ride-hailing license renewed in London, says it will appeal and continues to operate | TechCrunch

Just six days after Uber won its appeal against London transportation regulators to continue operating in London for another 18 months, one of its bigger rivals has found itself in the hot seat. Ola, the India-based ride-hailing startup, is not getting its Transport for London ride-hailing license renewed, after failing to meet some of TfL’s public safety requirements specifically around licensing for drivers and vehicles.

Ola told TechCrunch it plans to appeal the decision, and as was the case with Uber, under TfL’s rules, a company is allowed to continue operating while appealing a decision.

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Why Uber and Lyft rallied last week | TechCrunch

Heading into earnings season, you might have expected Uber and Lyft to suffer.

After all, global travel slowed toward the end of Q1, so how could these companies have done well? Continuing the same line of thinking, given that they are both unprofitable and are valued more on growth than trailing earnings, with growth slowing would there be much to celebrate?

The answer was a resounding “yes.” Uber and Lyft both rallied toward the end of last week following their successive earnings reports.

Today, let’s go back and remind ourselves how Uber and Lyft performed against Q1 expectations and what they said about the hits they took in March (Q1) and early April (Q2). Then we’ll ask ourselves why their shares rallied despite telling investors that their businesses had begun to fall sharply in the COVID-19 world.

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Uber sees path to profit despite $1.1bn loss | BBC News

Uber’s business continues to grow, but so do its losses.

The firm lost $1.1bn (£851m) in the last three months of 2019, even as revenue jumped 37% to $4bn and the number of trips made on its platform rose by 28%.

Spending to expand its Uber Eats food delivery business hurt the firm’s bottom line.

Uber boss Dara Khosrowshahi said he was “gratified” with the progress the firm is making toward profitability.

Adjusted for items such as taxes, the core “ride” part of the business turned a profit in the last three months of last year.

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How Self-Driving Cars Could Shape Our Future | Entrepreneur

Self-driving cars are a shared ambition among Google, Tesla, Apple, Uber and Lyft, among other automotive, tech and ridesharing companies. For Uber and Lyft specifically, it’s a matter of cutting costs. However, fiscal expediency is not the main benefit of this emerging technology. Roughly 94 percent of traffic accidents are caused by human error, and to many, autonomous vehicles (AVs) seem to be our only path toward lessening related fatalities. In addition, driverless cars have other benefits, such as lower fuel consumption, lower CO2 emissions and a reduction in congestion. Here are the main ways they stand to change our lives and carve out a lane in the consumer marketplace, as well as the challenges this fledgling sector will need to overcome.

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