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The Station: Via hits $2.25B valuation, letters from readers, layoffs in a time of COVID-19

Hi, and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages travel from Point A to Point B. I’m your host Kirsten Korosec, senior transportation report

Lime’s valuation, variable costs and diverging categories of on-demand companies

We're wrapping the week with Lime, scooters and the divergence between Uber and Lyft and their two-wheeled rivals.

Gig workers could get unemployment benefits under $2 trillion Senate stimulus bill

The Senate’s historic $2 trillion stimulus package will make history in one more way: by providing some financial assistance to gig workers. Late last night, the Senate passed a $2 trillion stim

Stocks blast higher on expectation of sweeping federal action

There are no free market fanatics on corporate boards the moment the economy wobbles. Today makes the point, with stocks shooting higher on the back of news that a sweeping federal package of aid and

SF supervisors push for more gig worker protections during the coronavirus pandemic

San Francisco’s Board of Supervisors is pushing a number of legislative bodies to offer more protections and benefits for gig workers during the COVID-19 pandemic. As gig workers are still out d

NYC is offering gig workers delivery jobs during COVID-19 pandemic

To help gig workers make ends meet during these times of job insecurity amid COVID-19, New York City is offering gig workers who are licensed with the TLC to help with delivery work. While the demand

Stocks broadly fall as Nasdaq dips modestly, SaaS gains on the day

The technology industry’s central role in an American economy shaped by attempts to mitigate the spread of COVID-19 is being reflected in how investors are approaching markets in these turbulent

Lyft to offer medical supply and meal delivery during coronavirus pandemic

Lyft is expanding the types of services it provides through its on-demand transportation network in an effort to boost efforts to deal with the ongoing COVID-19 pandemic. The company announced that it

Ola, Uber suspend shared ride options in India

Ride-hailing giant Ola said on Friday evening that it is temporarily suspending its pool ride option, called Ola Share, in India in a bid to slow the coronavirus pandemic by encouraging social distanc

For Uber and Lyft, this week has been a wild ride

This morning let's unpack what Uber said and ask if it's reasonable that investors are pushing Lyft higher alongside Uber.

As Uber and Lyft continue to melt, the 2019 unicorn class loses its shine

You’d be excused for feeling that mid-2019 was in a different decade as far as venture-backed IPOs go. Last year saw a number of successful flotations of venture-backed technology and technology

US stocks open lower, erasing recent gains and plunging shares deeper into bear territory

The rollercoaster ride of equity markets continues as all of the major stock indexes opened sharply lower one day after President Donald Trump announced the intention to push through a sweeping aid pa

San Francisco’s shelter-in-place order does not apply to gig workers

Earlier today, San Francisco Mayor London Breed announced a shelter-in-place order in an attempt to slow the spread of COVID-19. The order legally requires people to stay home as much as possible unle

How Uber, Lyft, Seamless and more are addressing taxed gig economy workers

The ongoing COVID-19 crisis is going to prove a major test of the gig economy. Already an ever-increasingly important part of our daily lives, grocery and food delivery services along with ride-hailin

White House and House Democrats agree to funding package for paid sick leave, funding for tests

Late Friday night, after nearly two full days of negotiations, the House of Representatives is finally set to pass a bipartisan plan to provide sweeping new benefits to workers and businesses affected

Stocks sharply rebound as markets rally on expectations of government bailout, testing

As America’s fractured Congress inches closer to an agreement on a comprehensive bailout for the economic hardships businesses and workers are facing due to the COVID-19 pandemic, stocks are po

Clobbered by coronavirus econ news? Here’s an in-depth, 90-day rewind

There’s just been a torrent of economic news since the first identification of patients with COVID-19 in Wuhan, China in early December 2019 until the declaration of a global pandemic by the World H

Uber and Lyft plunge, erasing recent gains after promising profits

Let's run through each company's most recent profit forecasts, results, share price gains and losses, and what investors are telling the world through their recent selloff.

Stocks fall again, pushing deeper into bear territory as SaaS reaches 1-year lows

American-listed shares are off sharply this morning, falling after a steep selloff yesterday was not staunched by a presidential address. The declines echo what happened to Asian-listed stocks earlier

Tech stocks follow the market lower as Uber and Lyft drop sharply

Stocks listed on American exchanges today fell sharply, erasing their Tuesday rebound and adding to their Monday declines. On a day that saw the World Health Organization declare that the spread of CO
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