Tag #Cabify

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elmundo.es

🌐 75% Global Worthiness

May 28, 16:12

Madrid Taxi Drivers Protest 8,500 New Ride-Hailing Licenses

Taxi drivers in Madrid protested 8,500 new ride-hailing licenses granted to Cabify, marching to government offices to demand a fair balance between taxi and VTC licenses, exceeding the current number of taxis in Madrid.

Madrid Taxi Drivers Protest 8,500 New Ride-Hailing Licenses

Taxi drivers in Madrid protested 8,500 new ride-hailing licenses granted to Cabify, marching to government offices to demand a fair balance between taxi and VTC licenses, exceeding the current number of taxis in Madrid.

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Decent Work and Economic Growth

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What are the root causes of the ongoing legal battle between the Madrid regional government and Cabify over VTC licenses?

The protest highlights a long-standing legal battle over VTC licenses in Madrid. Cabify's immediate implementation of 8,500 licenses, exceeding the existing number of taxi licenses (15,931 vs. 8,873), intensifies the conflict. The regional government, while contesting the ruling, is legally obligated to grant licenses if requirements are met.

elmundo.es

🌐 75% Global Worthiness

Apr 30, 22:13

Spain Investigates VTC Surge Pricing After Nationwide Power Outage

The Spanish Ministry of Social Rights is investigating potential price gouging by VTC companies during a nationwide power outage on Monday, a practice prohibited by a 2024 consumer protection law; Cabify claims it suspended surge pricing.

Spain Investigates VTC Surge Pricing After Nationwide Power Outage

The Spanish Ministry of Social Rights is investigating potential price gouging by VTC companies during a nationwide power outage on Monday, a practice prohibited by a 2024 consumer protection law; Cabify claims it suspended surge pricing.

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Reduced Inequality

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What are the immediate consequences of the Spanish government's investigation into potential price gouging by VTC companies during the recent power outage?

Following a nationwide power outage in Spain, the Ministry of Social Rights, Consumption, and 2030 Agenda has launched an investigation into potential price gouging by VTC companies (like Uber and Cabify) in regions that declared a state of emergency. This practice is prohibited by a 2024 consumer protection law, forbidding surge pricing during emergencies. The ministry states that violations could result in fines up to \$100,000 or six times the illicit profit.

elmundo.es

🌐 75% Global Worthiness

May 28, 22:13

Cabify's 2024 Report: 14.3% Gross Profit Increase Despite Revenue Dip

Cabify reported a 14.3% increase in gross profit to €112 million in 2024, despite a 4.6% revenue decrease to €760 million due to exchange rate effects in Argentina. The company highlights its highest profitability level, driven by efficient investments and strategic partnerships for decarbonization,...

Cabify's 2024 Report: 14.3% Gross Profit Increase Despite Revenue Dip

Cabify reported a 14.3% increase in gross profit to €112 million in 2024, despite a 4.6% revenue decrease to €760 million due to exchange rate effects in Argentina. The company highlights its highest profitability level, driven by efficient investments and strategic partnerships for decarbonization,...

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Decent Work and Economic Growth

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How did Cabify's strategic partnerships contribute to its financial performance and sustainability goals?

Cabify's improved profitability reflects sustainable value and efficient investments. The company reached economic profitability in 2019 and has maintained EBITDA breakeven since 2022. Cabify Logistics saw a 54% revenue increase.

elmundo.es

🌐 75% Global Worthiness

Apr 28, 22:14

Madrid Power Outage Causes Widespread Disruptions

A massive power outage in Madrid at 12:30 pm on Monday caused widespread disruptions, including trapped elevator passengers, metro station evacuations, and price gouging by ride-sharing services; however, Cabify quickly implemented a standard fare to mitigate the surge pricing.

Madrid Power Outage Causes Widespread Disruptions

A massive power outage in Madrid at 12:30 pm on Monday caused widespread disruptions, including trapped elevator passengers, metro station evacuations, and price gouging by ride-sharing services; however, Cabify quickly implemented a standard fare to mitigate the surge pricing.

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Affordable and Clean Energy

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How did the power outage affect citizens' daily routines, and what measures did companies like Cabify take to address the situation?

The power outage exposed the vulnerability of Madrid's infrastructure to widespread disruptions, affecting public transport and leading to price gouging in alternative transport. The incident highlights the need for robust contingency plans to manage such emergencies and protect citizens.

Showing 1 to 4 of 4 results