Lyft lost US$600 million in 2016

Lyft lost US$600 million in 2016

Leaked financial data showed that Lyft lost US$600 million last year in its battle for ride-sharing supremacy with Uber.
Uber on course to lose US$3 billion this year

Uber on course to lose US$3 billion this year

According to reports, Uber is on course to lose over US$3 billion by the end of year, leading some to wonder just how long can the company keep this up.
Is Facebook planning for ride-sharing services?

Is Facebook planning for ride-sharing services?

Facebook filed a patent for a ride-sharing feature on their social media platform. The feature aims to help users organize carpooling for mutual friends who will attend the same event.
Lyft’s new partnership could help you hail a ride in China more easily

Lyft’s new partnership could help you hail a ride in China more easily

Ridesharing companies Lyft and Didi Kuaidi have announced a strategic partnership that will allow their customers to get a ride more easily in the others' home market. Lyft is a US company looking to challenge the dominant force that is Uber, while Didi is China's largest ridesharing company.
Uber is losing over a hundred million dollars a year

Uber is losing over a hundred million dollars a year

Uber might be highly valued by investors, but the fact is that the company has yet to make a dime. Leaked documents showed Uber lost over US$160 million in the first half of last year.
Uber banned in New Delhi after passenger accuses driver of rape

Uber banned in New Delhi after passenger accuses driver of rape

Uber has been facing lots of criticism of late and it has just been banned in the capital of India, New Delhi, after a passenger accused an Uber driver of rape.