The cost of Uber and Lyft rides rose nearly 10% last year — and now riders say they're cutting back

Tech Insider : Economy, Business
An Uber driver sits behind the wheel while holding a smart phone as his car sits in the street.
Some ride-hailing customers say that they're cutting back on apps like Uber and Lyft as fares rise, according to new data from Gridwise.

JOSEPH EID/AFP via Getty Images

This ride-hailing app lets drivers negotiate prices with riders. It's one of the most downloaded in the world.

Tech Insider : Economy, Business, Technology
A man wearing sunglasses sits behind the wheel of a Honda sedan as he smiles and waves at the camera. The white sedan has an
InDrive lets drivers and riders negotiate prices for ride-hailing trips.

InDrive

I quit driving for Uber after I got a full-time finance job. Ride-hailing took more unpaid work than it used to.

Tech Insider : Economy, Business
Former Uber driver James Howe smiles at the camera while wearing a black t-shirt
James Howe got a full-time job in finance and hasn't driven for Uber since December.

James Howe

Your next ride with Uber could be in the sky

Tech Insider : Travel, Business
A Joby air taxi hovers above a landing pad, powered by six propellers and with three wheels underneath it.
Uber riders in Dubai will be able to book rides on Joby's air taxis later this year, the companies said on Wednesday.

Uber/Joby

Uber blames a 'bug' for two-price mystery that vexed drivers

Tech Insider : Economy, Business
Two people sit in a car with an Uber sign in the windshield while parked around other cars at night with a streetlight in the background
Uber says a bug caused drivers to receive lower payout offers on trips that they had accepted.

Gerald Herbert/AP

Lyft salaries revealed: How much software engineers, data scientists, and others at the ride-hailing company get paid

Tech Insider : Business
Lyft app.
Lyft app.

SOPA Images

Lyft's stock plummets 16% as a disappointing quarter presents a setback for its comeback story

Tech Insider : Business, Economy
A Lyft rental bike is seen from its rear wheel as a user rides another bike in a bike lane in the background
Lyft's fourth-quarter results sent its stock 16% lower in after-hours trading on Tuesday.

Justin Sullivan/Getty Images

Uber's CEO is betting the robotaxi wars won't be won by ride-hailing alone

Tech Insider : Business, Technology
Uber CEO Dara Khosrowshahi smiles against a dark blue background while wearing a dark-colored sweater and sitting in front of a microphone.
Deliveries could be a key part of making robotaxis work financially in the future, Uber CEO Dara Khosrowshahi said Wednesday.

Al Drago/Getty Images

Uber salaries revealed: See how much the ride-hailing company pays data scientists, software engineers, and others

Tech Insider : Business, Technology
uber logo
An Uber logo is shown on a rideshare vehicle during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers "basic employee rights'', in Los Angeles, California, U.S., August 20, 2020.

Mike Blake/Reuters

Your guide to gig work, whether it's your side hustle or main source of income

Tech Insider : Economy, Business
A bicycle courier from Uber Eats rides his bicycle during the heatwave in Utrecht
Delivering food or driving passengers for Uber isn't the only type of gig work anymore.

PIROSCHKA VAN DE WOUW/REUTERS

Gig work has never been more widespread — and more challenging.

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