Uber’s First Earnings After IPO May Reveal More About Its Scooter Ambitions

Uber and Lyft are spending big money to ramp up their electric scooter businesses even as they face rising scrutiny about their lack of profits. They’ve hired big teams, bought thousands of scooters, and are continuing to invest in creating their own scooter designs. But despite disappointing recent initial public offerings and super-sized losses, the […]

Uber Plans to Roll Ahead of Competition With Custom Electric Scooters

Uber has high hopes for a custom scooter it plans to roll out later this year that it says will be more comfortable, durable, and more difficult to vandalize. “We believe scooters are a part of the future way people get around city centers,” said Michael Beckman, Uber’s head of scooters. “Both electric bikes and […]

Lyft Delivers a Few Punches to Rivals in its IPO Filing

In the race to go public this year, Lyft has a head start on rival Uber — at least when it comes to unveiling the details about its planned initial public offering. And though Lyft is gaining market share and revenue, its losses continue to rise while the growth of its ridership slows–both factors that […]