Uber has announced a Clean Air plan for one of the busiest cities in the world. The plan is to help drivers on its network shift to electric cars in a move that will have a major impact on London’s environment. There’s a cost to this, though, and Uber is […]
Read MoreUber and Lyft are still waiting for feedback from the U.S. securities regulator on their confidential submissions for IPOs, Bloomberg reports tonight, citing people familiar with the matter who aren’t disclosing their identities. Donald Trump’s government shutdown over his demand for a wall on the U.S.-Mexico border has effectively halted all but basic operations at […]
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For private ride-hailing and ride-sharing, we have Uber, Lyft, Gett, Grab, and countless others around the world. For public transport stalwarts, there is Google Maps, Citymapper, Transit, Moovit, and more, each serving up the best combination of ways — including trains, boats, buses, and more — to get from A […]
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WASHINGTON — With New Year’s right around the corner, you may have started thinking about your resolutions and how to celebrate the last night of the year. But, thanks to free ride-shares and public transportation staying open later, one thing you won’t have to worry about as you ring in the New Year is getting […]
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“Personal mobility” has emerged as one of the big trends in technology, with the likes of ride-hailing, dockless bikes, and electric scooters all featuring prominently in Silicon Valley and beyond these past few years. One mobility startup that has been steadily building its business in dozens of markets around the […]
Read MoreElectric scooters are a big thing right now, and Google Maps is about to integrate Lime support right inside the app, which is a massive win for the scooter startup. Of course, it doesn’t hurt that Google’s parent company Alphabet and Alphabet’s Google Ventures arm are investors in Lime. Furthermore, GV partner Joe Kraus is […]
Read MoreIf you’re looking to get around town and aren’t keen on getting price gouged by taxi cabs, you can’t really go wrong with Uber Pool. As you’re likely familiar with by now, Uber Pool offers passengers incredibly cheap rates because it gives riders going in a similar direction the ability to split the fare. And […]
Read MoreWriting in New York Magazine, Naked Capitalism’s Yves Smith draws on Hubert Horan’s outstanding series on the underlying economics of Uber to describe why the company’s IPO will be a terrible bet for the investors who buy into it. It’s only been a year since Softbank offered to buy out shareholders on a […]
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(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 […]
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We thought New York Magazine readers might enjoy seeing Hubert Horan’s hard-hitting assessment of Uber’s dubious economics and less-than-rosy financial prospects. I liked the photo that the editors chose for the story. If you are so disposed, please comment at New York Magazine as well as here. Thanks! By steamrolling […]
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Uber Freight, the cargo-hauling trucking platform Uber built on its on-demand transport infrastructure, has unveiled a new feature that gives shippers — companies and distributors who dispatch cargo en masse — access to real-time market rates for specific routes up to two weeks in advance. The feature, called Lane Explorer, […]
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Montezuma’s Revenge is a notoriously difficult video game for humans, much less artificial intelligence (AI), to beat — the first level alone consists of 24 rooms filled with traps, ropes, ladders, enemies, and concealed keys. But recently, AI systems from OpenAI, Google’s DeepMind, and others have managed to make impressive […]
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WASHINGTON — Uber is expanding its offerings of wheelchair-accessible vehicles in the D.C. area through an agreement with one of the companies that has operated MetroAccess paratransit service. The agreement with MV Transportation will provide “hundreds” of wheelchair accessible vehicles in New York, Boston, Philadelphia, Washington, Chicago and Toronto, Uber said. It is meant to […]
Read MoreAt times this week, wildfires made San Francisco’s air the worst in the world, and the city’s stores have largely sold out of the N95 filter masks that make the air barely breathable, leading to at least one enterprising Uber driver selling the masks out of his car (at a substantial markup: $5 each, […]
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From Hubert Horan: 3q P&Ls released tonight. Losses and margins got worse. Gross revenue growth continues to slow down, showing their inability to fix the fundamental weakness in the core car service business. Expenditures on the marginal business (food delivery, scooters) that are key to the longer term growth narrative […]
Read MoreIf you’re a frequent Uber rider and Uber Eats user, you’ll be pleased to learn that the company has launched the equivalent of a frequent flyer program for its services. The more money you spend on Uber and Uber Eats, the better and more interesting perks you’ll get, which, in turn, will motivate you to […]
Read MoreIf you’re already driving for a ride-sharing service like Uber or Lyft, or planning to do so, here’s a free tip that might not come with the regular training and orientation: Never allow passengers to ride on the roof of your car to film “car surfing” stunts. It’s you that will risk prison time should […]
Read MoreUber and Lyft, America’s two ride-sharing giants, are always going toe-to-toe in terms of new features and functionality. The latest move comes from Uber, which has just introduced something called Ride Pass to five major cities: Austin, Denver, Los Angeles, Miami, and Orlando. Ride Pass costs $14.99/month (but $24.99/month in LA) and nets subscribers flat […]
Read MoreHere’s how ambitious Uber CEO Dara Khosrowshahi has gotten, ahead of the possibility that his ride-hailing company could IPO next year at a valuation of as much as $120 billion. He’s been talking up the idea of drone food delivery big time lately. It might sound like a flight of fancy (pardon the pun), but The […]
Read MoreChances are, you’ve paid more than you needed to for a ride because you didn’t feel like manually comparing the rates of all your options. Today, Google announced it’s got a way to ameliorate such situations: the Google Assistant will soon be able to provide you a handy list of ride providers going to your […]
Read MoreYou can now book an Uber or Lyft ride through Google Assistant voice commands. Google Assistant will even give you price estimations for multiple services and let you choose the cheapest option. The service only works in English at the moment, and only for ride-sharing services active in your area. Ride-sharing services like Uber and […]
Read MoreEarlier this year, Lyft rolled out a trial promotion in Chicago that offered residents $550 in travel credits in return for ditching their cars for a month. The trial must have gone well, because the company is now rolling out the same offer to over 35 cities, including New York, Miami, Los Angeles, Toronto, and […]
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