Singapore’s Grab says ‘laser-focused’ on profitability after bumper quarter
Singapore’s Grab Holdings Ltd on Thursday lifted the lower end of its revenue forecast for the year and said it was “laser-focused” on profitability as demand for rideshare across Southeast Asia peaks.
Court rules California gig worker initiative is unconstitutional
A 2020 ballot measure that exempted ride-share and food delivery drivers from a state labor law is unconstitutional, a California judge ruled on Friday, as it infringes on the legislature’s power to set workplace standards.
Alfi Inc shares more than double, other ‘meme stocks’ mixed
Shares of software firm Alfi Inc (ALF.O) finished up 108.8% on Tuesday, one of the latest companies that has seen its stock surge in a broader rally that has refocused attention on so-called meme stocks in recent weeks.
Uber, Lyft want more public subsidies to meet California EV mandates
California clean-air regulators want nearly all trips on Uber and Lyft ride-hailing platforms to be in electric vehicles, mandating costly measures that the companies call unrealistic without more public subsidies for EVs.
