Lyft’s IPO success hinges on distance from Uber

Lyft is reportedly close to hiring an advisory firm that will help the ride-hailing service select underwriters and plan for the company’s stock market debut. Drew Pascarella, lecturer of finance at Cornell SC Johnson College of Business, says that the firm’s first goal will be to convince investors Lyft, and not Uber, is the company to […]

To reform its image, Uber ends privacy-invasive app feature

Uber Technologies Inc. is expected to announce the end of an app feature that allows the company to track riders for up to five minutes after a trip. Karen Levy, professor of information science at Cornell University, studies how law and technology interact to regulate social life, with a particular focus on social and organizational […]

Upstate New York ride-hailing drives gig economy

Starting today, Uber and Lyft can operate in Upstate New York, including large cities like Buffalo, Syracuse, Binghamton and Rochester. While legislators allowed the expansion of ride-hailing companies in the region, counties reserve the right to opt-out should issues arise. Louis Hyman, professor of history and labor at Cornell University and expert on the gig […]

Forcing a U-turn on tips reverses Uber’s NYC gains

Uber may be required to provide passengers a way to tip their drivers via their app in New York City if a plan by city’s taxi regulator is put into place. Professor Alex Susskind is an expert on consumer behavior and satisfaction at the Hotel School at the Cornell SC Johnson College of Business. Just […]

Uber shuns civil society with bumbled response to strike

The ride-sharing service Uber has been at the center of much criticism after the company decided to break a taxi union’s strike against Trump’s immigration orders on Saturday, a move that is provoking continuing protests this week. Dania Rajendra, extension faculty at Cornell University’s Worker Institute, says Uber’s transparent attempt to profit from a demonstration […]

Seattle vs Uber: Forefront of a workers’ rights revival

This week, a federal court ruled that neither the Chamber of Commerce nor its associate members, such as Uber, have the legal right to presently challenge Seattle’s controversial local collective bargaining ordinance, which under certain circumstances allows workers not covered by the National Labor Relations Act to seek union representation. Lee Adler, an expert on […]

Massive new investment shows Uber is early leader in mobility industry

Uber raised $3.5 billion from Saudi Arabia’s Public Investment Fund this week, one of the largest cash infusion made by a private investor into a start-up. Drew Pascarella is lecturer of finance at the Samuel Curtis Johnson Graduate School of Management. Before joining Cornell University Pascarella has spent 15 years working at bulge bracket investment […]