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Added on the 11/05/2019 12:30:16 - Copyright : Wochit
Lyft is developing a delivery service to directly take on Uber Eats. The company announced the news during a Tuesday call with investors. The delivery service is still in its "very early stages." Lyft's service won't be a consumer-facing platform like Uber's business. Uber's growing delivery division has been a bonus to the company's business during the pandemic. Rides remain at a fraction of normal levels.
The Dow fell more than 600 points on midday on Monday. Monday marked the first day of trading in 2021. Experts say the dip was caused by investors becoming worried about the pandemic and economic recovery in 2021. The Dow closed 1.3%, or 383 points, lower, while the S&P 500 fell 1.5%. The Nasdaq Composite (COMP) also closed 1.5% lower.
California has fined Uber $59.1 million. The company was fined for repeatedly refusing to turn over data related to its 2019 sexual assault report. According to Business Insider the report was supposed to be turned over to the California Public Utilities Commission. In the ruling, the judge ordered Uber to pay the fine and turn over the data within 30 days. CPUC, which oversees rideshare companies, can revoke Uber's license to operate in the state. Uber said it refused CPUC's requests to protect the privacy of survivors. The judge rejected that argument by noting Uber still wouldn't hand over the data when given the chance to do so anonymously.
On Saturday, Chipotle is opening its first "dark" kitchen Saturday. Business Insider reports the "digital-only" restaurant won't have a dining room: it's for collection and delivery only. The restaurant will be next to a military academy in Highland Falls, New York. Chipotle says customers can collect their order from a lobby that has "all of the sounds, smells and kitchen views of a traditional Chipotle restaurant." Chipotle says the new restaurant concept will allow it to open sites in towns and cities where a full-size restaurant isn't viable.
On Friday, Uber's stock price surged as much as 8%. The leap follows its third-quarter results. According to Business Insider Uber revealed a mixed recovery, with delivery continuing to help make up for a pandemic-induced slump. Executives said they still aim to be profitable on an adjusted basis next year. California's Prop. 22, which passed this week, was a decisive win for the company in its long-running labor battle. Prop. 22 allows Uber to treat workers as independent contractor in exchange for benefits and guarantees.
Between COVID-19 and various efforts across the country to make it downright difficult to vote, the challenges of voting are becoming increasingly obvious. Following the lead of major retails, US tech giants like Twitter and Salesforce are giving their employees Election Day off in order to vote. According to Business Insider, rideshare company Uber is giving employees the day off as part of their 'Get Out the Vote' effort. Uber is providing links to voter registration sites through its app, and will assist in getting voters to the polls on election day. Other companies, like Apple and Facebook, are encouraging employees to volunteer to be poll workers.
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