Articles tagged “ridesharing”

Uber Is Going an Extra Mile to Retain Drivers Amid Labor Crunch

Uber Is Going an Extra Mile to Retain Drivers Amid Labor Crunch

Eric Newcomer, Bloomberg

Uber wants to earn loyalty from its drivers by offering extra pay and free college. But the company also wants to treat its drivers as contractors, not employees. No wonder they jump ship when a better opportunity comes up.

1 week ago

Uber Talks Up Its Side Hustles in March Toward an IPO

Uber Talks Up Its Side Hustles in March Toward an IPO

Eric Newcomer, Bloomberg

The success or failure of Uber's upcoming IPO try will hinge on the merits of its core ridesharing business. Big bets are nice to have and can turn out to have enormous impact, but investors aren't usually known for their patience and long-term thinking.

4 weeks ago

Uber, Airbnb and Lyft Are Setting Up 2019 as a Landmark Year in Travel IPOs

Uber, Airbnb and Lyft Are Setting Up 2019 as a Landmark Year in Travel IPOs

Dennis Schaal, Skift

In initial public offering land, it's a long time until 2019. The markets are turbulent at the moment and there are big regulatory headaches that stubbornly persist, but investors are salivating at the prospect of dropping some money into Uber and/or Airbnb. These IPO plans could be very impactful.

4 weeks ago

Obama’s Former Transportation Secretary Will Head Policy at Lyft

Obama’s Former Transportation Secretary Will Head Policy at Lyft

Eric Newcomer, Bloomberg

Heavy-hitters from the Obama Administration have flocked to rising travel companies like Airbnb, Uber, and Lyft as they attempt to navigate the complex web of Washington politics and play ball with regulators.

1 month ago

SoftBank, Toyota Partner for Ride-Hailing Service

SoftBank, Toyota Partner for Ride-Hailing Service

Kevin Buckland, Pavel Alpeyev and Ma Jie, Bloomberg

After years of pumping investment money into other ridesharing services, two Japanese giants are giving it a go themselves, first with ride hailing and then autonomous vehicles. The stakes are rising.

1 month ago

Delete Didi Movement Shakes China Ridesharing Service

Delete Didi Movement Shakes China Ridesharing Service

Bloomberg

Whether it's an airline (United) or a ridesharing service (Didi and Uber), a corporate reputation can be pummeled in a social media minute. Didi executives claim they are now emphasizing safety as the number one priority and making growth secondary. At least they are saying the right things.

3 months ago

Uber Continues to Burn Through Cash in Search for Sustainable Business Model

Uber Continues to Burn Through Cash in Search for Sustainable Business Model

Shira Ovide, Bloomberg

Successful companies turn a profit, and Uber has yet to prove it can do so. Realistically, the company has serious work to do before it can go public. This should concern investors and users alike.

3 months ago

New York City Approves Short-Term Measure to Curb Uber and Lyft Growth

New York City Approves Short-Term Measure to Curb Uber and Lyft Growth

Henry Goldman, Bloomberg

While we respect regulation for important matters like safety, perhaps New York should let the market take care of some of these issues.

3 months ago

General Motor Ridesharing Arm Hits Gas on Peer-to-Peer Car Rentals

General Motor Ridesharing Arm Hits Gas on Peer-to-Peer Car Rentals

David Welch, Bloomberg

Legendary General Motors has little choice but to try new ventures to stay relevant, but in doing so it likely won't escape regulatory battles that competitors like Turo have faced.

4 months ago

Helsinki-Based Mobility App Aims to Make Personal Cars Obsolete

Helsinki-Based Mobility App Aims to Make Personal Cars Obsolete

Kati Pohjanpalo, Bloomberg

This sounds like an urban utopia. Will this mobility app really get car lovers to sell their vehicles? Or will it just be an option for people who were never going to buy cars in the first place?

4 months ago

Opportunities for the 15 Ways Travelers Use Mobile: Skift Research

Opportunities for the 15 Ways Travelers Use Mobile: Skift Research

Meghan Carty, Skift Research

If there is a common thread throughout the in-destination journey today, it’s mobile. Even so, gaps exist in mobile usage between parts of the journey and the key players in each part. For those that are behind, it’s urgent to play catch-up.

4 months ago

Uber’s Toxic Workplace Culture Subject of U.S. Gender-Discrimination Investigation

Uber’s Toxic Workplace Culture Subject of U.S. Gender-Discrimination Investigation

Olivia Zaleski, Bloomberg

Uber remains dogged by the ramifications of its toxic workplace culture despite CEO Dara Khosrowshahi's efforts to change the narrative. It's time for the company to fix the structural inequalities put in place by its former leadership instead of pandering to critics with inclusive bromides.

4 months ago