Uber/Lyft

Uber and Lyft are ride-sharing companies that provide on-demand transportation services through their mobile applications. Founded in 2009 and 2012 respectively, both companies have disrupted the traditional taxi industry by using technology to connect riders with drivers. Dara Khosrowshahi serves as CEO of Uber, while Lyft is led by CEO David Risher. Competitors in the ride-sharing industry include smaller companies such as Juno and Gett, as well as traditional taxi services.

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Tony Xu, CEO of DoorDash. Getty Images
The Briefing

DoorDash’s Investment Plans Unnerve Wall Street

By Martin Peers · Nov 5, 2025 5:00pm PST · 1 comment
Wall Street is getting jittery about corporate investment. DoorDash stock slumped as much as 20% in after-hours trading after the food-delivery service revealed it expects to “invest several hundred million dollars more” in upgrading its technology and expansion next year than it did this year. Given that DoorDash generates a couple of billion... Wall Street is getting jittery about corporate investment. DoorDash stock slumped as much as 20%...
Perplexity CEO Aravind Srinivas and Amazon CEO Andy Jassy. Getty Images
The Briefing

Perplexity Takes On Amazon

By Martin Peers · Nov 4, 2025 5:00pm PST
Cue the violins. Perplexity on Tuesday accused Amazon of bullying it by demanding that the AI startup no longer allow its users to send their AI assistants to Amazon to buy stuff. The startup, which is an expert at public relations theatrics, published a long blog post entitled “Bullying Is Not Innovation,” in which it claimed to be “fighting... Cue the violins. Perplexity on Tuesday accused Amazon of bullying it by demanding that the AI...
An AWS data center in Ashburn, Va. Getty Images.
The Briefing

AWS Joins OpenAI Club

By Martin Peers · Nov 3, 2025 5:00pm PST
If you’re tired of the seemingly endless parade of AI cloud deals, better get comfortable with them: They’re not going away anytime soon. On Monday, for instance, Microsoft struck deals with two little-known cloud firms, Lambda and Australia’s Iren, for additional computing capacity. Another firm, Cipher Mining Inc. announced a similar deal to... If you’re tired of the seemingly endless parade of AI cloud deals, better get comfortable with...
Uber CEO Dara Khosrowshahi. Photo by Bloomberg.
The Briefing

Rising Gas Prices Threaten Uber, Lyft, DoorDash

By Martin Peers · Mar 10, 2022 5:00pm PST
Can Uber and Lyft ever catch a break? Just when investors might have thought it was safe to wade back into the ride-hailing waters, thanks to the decline of Omicron, gas prices take off. That’s going to raise fuel costs for drivers—including those working for both ride-hailing services and food-delivery operations like DoorDash—probably causing... Can Uber and Lyft ever catch a break? Just when investors might have thought it was safe to wade...
An Uber vehicle in New York City in 2018. Photo: Bloomberg
Exclusive

Virus Cuts Uber, Lyft Ride Business by More Than 50%

By Amir Efrati · Apr 2, 2020 11:58am PDT · 2 comments
The ride-hailing businesses of Uber and Lyft have shrunk by more than half in recent weeks compared with a year ago as a result of the coronavirus pandemic, according to people at the companies with knowledge of the figures. The overall contraction could worsen for both companies as the pandemic’s toll grows and more people stay... The ride-hailing businesses of Uber and Lyft have shrunk by more than half in recent weeks...
New York governor Andrew Cuomo. Photo by Bloomberg

Uber, Lyft Brace for New York’s Version of Gig Worker Law

By Kevin Dugan · Feb 13, 2020 10:01am PST · 3 comments
California sparked a national debate about the rights of gig workers with last year’s passage of a landmark law that required companies like Uber and DoorDash to treat their drivers as employees, entitled to certain benefits and protections, rather than contractors. Now that debate is shifting to New York state, where the outcome could... California sparked a national debate about the rights of gig workers with last year’s...