Uber and Lyft delay their plans to leave Minneapolis after officials push back driver pay plan
The ride-hailing companies Uber and Lyft said they will delay their planned exit from Minneapolis to July 1 after city officials decided Wednesday to push back the start of an ordinance that increases driver pay
By TRISHA AHMED Associated Press/Report for America MINNEAPOLIS (AP) — The ride-hailing companies Uber and Lyft said they will delay their planned exit from Minneapolis to July 1 after city officials decided Wednesday to push back the start of an ordinance that increases driver pay. The Minneapolis City Council voted unanimously to start the new
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ShipBob is reportedly planning to launch its initial public offering (IPO) as soon as late 2024. The listing could value the eCommerce fulfillment service provider at about $4 billion, Bloomberg reported Friday (April 19), citing unnamed sources. The firm has tapped J.P. Morgan Chase to lead its IPO and is also working with Citigroup, according […]
Ride-hailing firm Ola Cabs is planning an initial public offering (IPO) to raise $500 million at a company valuation of about $5 billion, three sources with direct knowledge of the matter told Reuters on Friday.SoftBank-backed Ola is India's answer to Uber and plans to file papers for approval with the country's market regulator within three months, said the sources, who declined to be named as the matter is confidential.Ola declined to comment.The company is in talks with investment banks,...
MEDFORD, Ore.- The Pear Blossom Parade may be Saturday, but the Street Fair began at noon Friday. Toni McMillan, Coordinator for the Street Fair, says there’s plenty for folks to do. “Arts, crafts, jewelry,” McMillan said, “kind of, you name it, it’s here.” The Street Fair takes over downtown Medford from 4th to 6th Street […]
MEDFORD, Ore.- The Pear Blossom Run is kicking off in downtown Medford on the morning of April 13. Chuck Whiteley, Race Director for the Pear Blossom Run, says registration for the run is above pre-pandemic levels. There are currently around 1,000 people registered for the 5K run, over 500 people in the ten mile run […]
MINNEAPOLIS (AP) — The future of Uber and Lyft in Minneapolis has garnered concern and debate in recent weeks after the City Council voted last month to require that ride-hailing companies pay drivers a higher rate while they are within city limits. Uber and Lyft responded by saying they would stop serving the Minneapolis area […]
The future of Uber and Lyft in Minneapolis has garnered concern and debate in recent weeks after the City Council voted last month to require that ride-hailing companies pay drivers a higher rate while they are within city limits