Tag: uber

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

SoftBank and Toyota could invest $1 billion in Uber’s self-driving unit

(Reuters) — A group of investors led by SoftBank Group Corp and Toyota Motor Corp is in talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, which would value the unit at $5 billion to $10 billion, said two people familiar with the talks. The investment would provide a cash […]

Read More

Ride-hailing firm Grab raises $1.5 billion from SoftBank, takes its latest funding round to $4.5 billion

Grab, the Southeast Asian tech company that offers a range of transport-focused services covering ride-hailing, ride-sharing, food delivery, and logistics, has raised another $1.5 billion, taking its series H round to a hefty $4.5 billion. The latest cash injection arrived via the SoftBank Vision Fund (SVF), a $100 billion investment […]

Read More

Uber not criminally liable in fatal autonomous car crash, but safety driver faces further investigation

(Reuters) — Uber is not criminally liable in a March 2018 crash in Tempe, Arizona, in which one of the company’s self-driving cars struck and killed a pedestrian, prosecutors said on Tuesday. The Yavapai County Attorney said in a letter made public that there was “no basis for criminal liability” […]

Read More

Uber Rewards loyalty program rolls out to all US riders

Uber Rewards was announced in November last year. The program grants points to Uber users for hailing rides or ordering food through Uber Eats, with perks increasing for higher dollar amounts spent. The program started rolling out in January, and Uber has announced that it’s now available to all riders in the United States. The […]

Read More

Hubert Horan: Can Uber Ever Deliver? Part Eighteen: Lyft’s IPO Prospectus Tells Investors That It Has No Idea How Ridesharing Could Ever Be Profitable

By Hubert Horan, who has 40 years of experience in the management and regulation of transportation companies (primarily airlines). Horan has no financial links with any urban car service industry competitors, investors or regulators, or any firms that work on behalf of industry participants Can Silicon Valley investors create $125-150 […]

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

Didi plans Chile, Peru, and Colombia launches to take on Uber

(Reuters) — Chinese ride-hailing giant Didi Chuxing is planning to take on U.S. rival Uber in some of Latin America’s fastest-growing markets, recruiting managers in Chile, Peru and Colombia, according to job postings and a company official. Didi has moved senior executives from China to lead its expansion in markets […]

Read More

Hubert Horan: Can Uber Ever Deliver? Part Seventeen: Uber’s 2018 Results Still Show Huge Losses and Slowing Growth as IPO Approaches

By Hubert Horan, who has 40 years of experience in the management and regulation of transportation companies (primarily airlines). Horan has no financial links with any urban car service industry competitors, investors or regulators, or any firms that work on behalf of industry participants Overview of Uber 2018 results Uber […]

Read More

In a once-flourishing taxicab mecca, DC rides plummet

WASHINGTON — The nation’s capital once boasted the highest number of taxis per capita of any city, but in 2019, the number of taxi rides in the District are plummeting — leaving some wondering if the industry is doomed. According to AAA Mid-Atlantic, while the number of “one-tap” ride-hailing trips using services including Uber and […]

Read More

New York City’s new rideshare regs put Big Brother in backseat, give GPS tracking a whole new meaning

Whether you love them or hate them, rideshares like Uber and Lyft have become a daily part of life for millions of New Yorkers. These app-based services make it easy to pay for your ride, but while the privacy cost isn’t always as clear, it’s about to get a lot larger. These apps have […]

Read More

Uber releases Ludwig, an open-source AI ‘toolbox’ built on top of TensorFlow

Want to dive earnestly into artificial intelligence (AI) development, but find the programming piece of it intimidating? Not to worry — Uber has your back. The ride-hailing giant today debuted Ludwig, an open source “toolbox” built on top of Google’s TensorFlow framework that allows users to train and test AI […]

Read More

Uber gets kicked out of Barcelona — again

(Reuters) — Ride-hailing companies Uber and Cabify are to suspend their services in Barcelona in response to the regional government’s imposition of limits on how they operate in the city. The Catalan government ruled that ride-hailing services could only pick up passengers after a 15-minute delay from the time they […]

Read More

Shutdown creates uncertainty over Uber and Lyft IPO timing

Uber 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 […]

Read More

Here launches SoMo, a social transport app for planning and sharing rides

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 […]

Read More

Free rides, late Metro: How to travel around DC for New Year’s Eve

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 […]

Read More

Boosted raises $60 million to expand beyond electric skateboards

“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 More