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Found 7 results

  1. NEW YORK — The executives at Uber are working hard to design a future where the company earns billions of dollars by allowing riders to summon fully automated robotaxis. Until then, they must rely on an army of human drivers — nearly 4 million across the globe — to keep the business humming. The challenge is to figure out how to make their drivers happy while also making money, and right now the company is losing on both fronts as it heads into its initial public offering on Friday — the largest technology IPO of the year. Drivers complain about low wages and being classified as cont
  2. Lump a bunch of MIT researchers into an Uber and they’ll come out with a thesis. In this case, a new study titled The Economics of Ride-Hailing: Driver Revenue, Expenses and Taxes. The sparknotes: Drivers for Uber and Lyft make a median hourly profit of $3.37 74% of drivers earn less than minimum wage 30% of drivers lose money every mile Who (or whatÂ’s) to blame? Gig economy business models that saddle employees with fixed costs (e.g. cars), while their income shrinks due to industry competition. But Uber said weÂ’ve got some numbers of our own: Two stu
  3. Guest

    Ford Gets a Lyft

    Ford (+0.17%) and Lyft are vying to become the next great duo in autonomous driving—think Ernie and Bert, Jordan and Rodman, Trump and Twitter. The two will manufacture self-driving vehicles for Lyft’s ride-hailing biz. And it shouldn’t come as a shock. Lyft has been on cruise-control trying to hone this technology. It’s partnered with Waymo and two smaller startups (Drive and NuTonomy), while beginning to develop its own in-house solutions. So why all the intermingling? Consider what both parties stand to gain: As Lyft and Uber head towards profitability, they’ll look to c
  4. © LUCY NICHOLSON/Reuters/Corbis Tempted by the idea of using your car and your free time to bring in some extra money? Before you jump onto the ridesharing wagon, make sure you know what you're getting into. App-based ridesharing companies promise you can "earn good money" (Uber), meet "awesome, friendly people" (Lyft) and be "in control" as your own boss (Sidecar), but drivers provide a more nuanced and realistic picture. "Being a rideshare driver can be a good source of income, but you have to view it as running your own business," says Josh, an Uber and Lyft driver in Indiana
  5. Ridesharing services like Uber and Lyft can be a great way for drivers to earn extra cash, and for passengers to get a ride whenever they want. However, the increasing popularity of ridesharing means that both drivers and passengers may sometimes forget that they should still take some basic safety precautions. Here’s what you need to know to help you have a pleasant ridesharing experience. Tips for Ridesharing Drivers Park your vehicle carefully. To help avoid getting hit or being hit by another car when you stop to pick up a passenger, always take time to park in a safe spot, sugges
  6. One of the best feelings you can have as a rideshare driver is opening up your driver summary and seeing those big tips. A lot of people have their own methods to scoring the big tips but I wanted to share what I do. 1. Don’t Ask for It Every passenger that gets into your car knows how tipping works. For drivers, no matter what you do or how nice you are, there are always going to be people that won’t tip. Forget about those guys, you want to focus on the people who do tip. The one thing that turns me off most as a passenger is when drivers ask for five star ratings or remind me to gi
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