Tag: uber

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 […]

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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 […]

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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 […]

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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 […]

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Uber is a “bezzle,” doomed to disappoint the suckers who buy into its IPO

Writing 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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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 […]

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Our New York Magazine Article: “Uber Is Headed for a Crash”

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 taps machine learning to give shippers rates 2 weeks in advance

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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Uber AI ‘reliably’ completes all stages in Montezuma’s Revenge

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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Uber deal offers more wheelchair-accessible vehicles around DC area

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 […]

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Uber Releases Ugly 3Q 2018 Results: Losses Widen to $1.1 Billion, Growth Slows

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 […]

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Uber’s new Ride Pass gives riders discounted fares in select cities from $15/month

Uber 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 […]

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