Tag: ride sharing

Uber plans to kick off IPO in April

(Reuters) — Ride-hailing company Uber is planning to kick off its initial public offering in April, putting it close on the heels of smaller rival Lyft, people familiar with the matter said on Thursday. Next month, Uber will issue its required public disclosure, known as an S-1, and launch its investor roadshow, the people said. […]

Read More

Green New Deal Sponsor AOC Spent $29,000 on Rideshare Services

Rep. Alexandria Ocasio-Cortez (D-NY), the self-described Democratic Socialist who sponsored the “Green New Deal” legislation in the House, reportedly spent more than $29,000 on gas-guzzling rideshare services. Although the freshman Democrat lawmaker hawked the legislation with a goal of “full transition off fossil fuels and zero greenhouse gases” over ten years, her campaign spent $29,365.70 on […]

Read More

Uber and Lyft plan to offer some drivers shares in their IPOs

(Reuters) — Uber and Lyft plan to offer cash bonuses to some of their most active drivers with the option to purchase shares in the ride-hailing firms’ highly anticipated Wall Street debuts, a bold effort to improve driver relations as the companies transition to the public markets. Both programs will […]

Read More

Lyft files for an IPO ahead of rival Uber

(Reuters) — Ride-hailing company Lyft on Thursday filed with the U.S. Securities and Exchange Commission for an initial public offering, ending months of speculation about the timing of its much-awaited market debut. The company, which was last valued at about $15 billion, did not specify the number of shares it […]

Read More

Ride-share companies offered New York $100M to drop proposed regulations

Lyft, Uber and Via yesterday made an offer to succor New York City’s beleaguered taxi medallion owners: a $100M relief fund paid over five years to cover the plight of these poor souls. But the city, in its arrogance, refused this generosity! How could they? Perhaps because it was because the money was contingent on […]

Read More

Bus-sharing app Shuttl gets $11M Series B from investors including Amazon India

Shuttl, a service that lets Indian city dwellers find seats on multiple bus routes through one app, announced today that it has raised a $11 million Series B led by Amazon India, Amazon Alexa Fund and Dentsu Ventures. Returning investors Sequoia Capital, Times Internet and Lightspeed Ventures also participated. The Gurgaon-based startup’s last round of […]

Read More

Didi will resume late night Hitch rides, but only allow drivers to pick up passengers of the same sex

Didi Chuxing’s inter-city carpooling service will resume night operations on a limited basis about a month after a female passenger was allegedly murdered by an unregistered driver who accessed the platform using his father’s account. Called Didi Hitch, the service will return on June 15 with new safety measures, including one that only allows drivers […]

Read More

Lyft app to be updated with ‘one tap to ride’ feature, more practical pickup and drop-off points, and more

Lyft published a blog post today entitled “Lyft’s New App Creates Positive Change for Passengers and Cities.” That title’s a bit sensationalist, but there are some new features mentioned here that are pretty interesting. Those include a new ‘one tap to ride’ function, better pickup and drop-off points, and more. First up, Lyft will be […]

Read More