California's rideshare drivers for Uber and Lyft are close to forming the world's largest union, the California Gig Workers Union (CGWU), after securing support from at least 30% of active drivers as required by a 2025 law. This law, AB 1340, allows app-based drivers, typically independent contractors, to collectively bargain for better pay, benefits, and working conditions. The union certification process will conclude after a 30-day waiting period, positioning CGWU as the exclusive bargaining representative statewide. Drivers aim to negotiate with Uber and Lyft on key issues like pay and job security, with union dues only charged after a collective bargaining agreement is reached.
Uber Technologies reported a 25% year-over-year increase in gross bookings to $53.7 billion in Q1 2026, driven by growth in ride-hailing, delivery, grocery, retail, and membership services. CEO Dara Khosrowshahi's recent purchase of 141,000 shares wo...
Grab and Uber released Q2 2026 results showing contrasting growth paths. Grab posted 21.73% revenue growth driven by fintech and groceries, with a 54% jump in adjusted EBITDA and expanding financial services. Uber's revenue grew 12.17%, mainly from d...
