Articles tagged “ride-sharing”

Uber to Cover Its South African Drivers With Insurance in Case of Violence

Uber to Cover Its South African Drivers With Insurance in Case of Violence

Loni Prinsloo, Bloomberg

Sometimes you can do well by doing right. Uber is correct to offer insurance to its drivers in South African cities in case of their death or injury due to violent attacks or crime. That move should also help it woo more drivers to sign up.

2 months ago

Japan is Finally Introducing Ride-Hailing Ahead of 2020 Summer Olympics

Japan is Finally Introducing Ride-Hailing Ahead of 2020 Summer Olympics

Won Jae Ko, Pavel Alpeyev, and Ma Jie, Bloomberg

Japan is slowly beginning to shed its isolated characteristics as it prepares to host the 2020 Summer Olympics and also recently legalized alternative accommodations across the country. It will be interesting to see if taxis and successfully collaborate with ride-hailing apps, which hasn't been the case in many other countries.

2 months ago

Ridesharing Startups Raised $28 Billion in 2017 Despite Tighter Restrictions

Ridesharing Startups Raised $28 Billion in 2017 Despite Tighter Restrictions

Mark Chediak, Bloomberg

Uber grabs the headlines. But this year expect money to pour into other mobility-themed companies, including ones focused on car-pooling, peer-to-peer car rentals, and bike-sharing.

8 months ago

Uber Lost $1.5 Billion in the Third Quarter So Can It Be Profitable?

Uber Lost $1.5 Billion in the Third Quarter So Can It Be Profitable?

Eric Newcomer, Bloomberg

Can Uber ever be profitable? One thing is clear: The company will have to find a way to ensure its big payouts for legal woes become truly one-time — and not ongoing — expenses.

10 months ago

Uber Will Train 150 Agents on Sexual Assault Reports

Uber Will Train 150 Agents on Sexual Assault Reports

Tom Krisher , Associated Press

The $5 million that Uber is pledging is a modest step, but the question is whether it amounts to a deep-seated commitment to combat sexual assault within its ridesharing service or whether this is window-dressing geared for some nice public relations.

11 months ago

Ride-Sharing Apps Like Uber and Lyft Are Contributing to Urban Congestion

Ride-Sharing Apps Like Uber and Lyft Are Contributing to Urban Congestion

Justin Fox, Bloomberg

Like any new technology or service, there are often unintended consequences. Uber, Lyft and others are putting more cars on the road, which isn't great, but on the other hand they make for more affordable transportation and possibly see fewer people driving drunk. So there's that.

11 months ago

Transportation Spending Grabs Smaller Share of Household Income in Sharing Economy Era

Transportation Spending Grabs Smaller Share of Household Income in Sharing Economy Era

Andrew Sheivachman, Skift

The democratization of travel in the U.S. has led to a smaller share of spending on cars and transportation over the last 30 years. It's disheartening, though, that transportation costs still account for the second largest spending bucket for U.S. residents.

12 months ago

Uber UK and Northern Europe Boss to Step Down Amid London Licensing Fight

Uber UK and Northern Europe Boss to Step Down Amid London Licensing Fight

Adam Satariano, Bloomberg

Whether or not Bertram's departure is tied to Uber's problems in London, getting someone new in there sends a positive signal that Uber realizes its shortcomings in the UK, and wants to fix them.

12 months ago

Ousted Uber CEO Fills 2 Board Seats and Wants Everyone to Know He’s Still a Force

Ousted Uber CEO Fills 2 Board Seats and Wants Everyone to Know He’s Still a Force

Eric Newcomer, Bloomberg

We hope there will be security guards sitting in during Uber's next board meeting because this is going to be rough. To borrow a phrase, former CEO Travis Kalanick is not going gentle into that good night. At all.

12 months ago

Uber Legal Chief Is Stepping Down as New CEO Sets Agenda

Uber Legal Chief Is Stepping Down as New CEO Sets Agenda

Eric Newcomer, Bloomberg

Before it can focus on becoming profitable, Uber needs to solve its legal problems. Clearly, its current approach hasn't been working and new leadership is necessary.

1 year ago

Uber Asian Rival Grab Adds Toyota as Investor in $2.5 Billion Funding Round

Uber Asian Rival Grab Adds Toyota as Investor in $2.5 Billion Funding Round

Yoolim Lee, Bloomberg

New Uber CEO Dara Khosrowshahi has many challenges to contend with, and one is Singapore-based ride-hailing company Grab.

1 year ago

Expedia CEO Starts New Job as Uber Boss Today

Expedia CEO Starts New Job as Uber Boss Today

Dennis Schaal, Skift

Khosrowshahi takes over a unicorn in Uber and will have the challenge of his life to get the ride-share company speeding along and toward an IPO with a trunk-full of controversies and problems. The choice of the next Expedia CEO to succeed him is indeed a critical one that will have far-reaching implications.

1 year ago