Articles tagged “ridesharing”

Expedia Isn’t Ready to Invest Big in Restaurant Reservations

Expedia Isn’t Ready to Invest Big in Restaurant Reservations

Dennis Schaal, Skift

Expedia has dealt with a ton of distractions in recent years as it acquired Wotif, Travelocity, Orbitz Worldwide, and HomeAway, for example. CEO Mark Okerstrom wants to focus on the basics instead, and doesn't want to take bold steps into dining reservations or food delivery for now. On the other hand, Expedia is a very acquisitive company so never say never.

1 month ago

Uber CEO Hopes IPO Will Solve Its Saudi Arabia Investor Problem

Uber CEO Hopes IPO Will Solve Its Saudi Arabia Investor Problem

Dennis Schaal, Skift

Uber needs to shed its Saudi Arabia investment as long as Crown Prince Mohammed Bin Salman remains in power, and the country bombs innocents in Yemen. Uber's leaders know they have to do this, but how they dump their Saudi investment and the extent of the divorce remain to be seen.

1 month ago

Lyft’s Focus Stands in Contrast to Uber’s Ambition

Lyft’s Focus Stands in Contrast to Uber’s Ambition

Eric Newcomer, Bloomberg

It's sometimes lost in the Uber debate that the strongest companies in the world don't try to do everything at once on a global basis. The financial case for investing in a focused and nimble operation tends to be much stronger even if the headlines aren't as sexy.

1 month ago

Recall Puts Spotlight on Dominant Chinese Scooter Manufacturer

Recall Puts Spotlight on Dominant Chinese Scooter Manufacturer

Mark Bergen and Joshua Brustein, Bloomberg

Micro-mobility providers have a long way to go in terms of smooth functionality. Will scooters eventually suffer the same fate as the Segway?

1 month ago

Lyft’s Long-Awaited IPO Is Coming Soon

Lyft’s Long-Awaited IPO Is Coming Soon

Giles Turner and Elizabeth Fournier, Bloomberg

Lyft has beat Uber to the punch, filing confidentially for an initial public offering. It turns out Lyft's focus on the U.S. at the expense of explosive international growth may pay off. The company is still losing money, though, which could worry potential investors.

2 months ago

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.

3 months 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.

3 months 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.

3 months 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.

3 months 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.

4 months 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.

5 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.

5 months ago