Articles tagged “ridesharing”

Skift Global Forum Preview: Avis Tackles Digital Innovation Through Partnerships

Skift Global Forum Preview: Avis Tackles Digital Innovation Through Partnerships

Isaac Carey, Skift

Doing just traditional car rental isn't going to cut it anymore, and Avis is rapidly expanding its alternative services.

6 months ago

Go-Jek Gets Investment From Visa to Expand Digital Payments in Southeast Asia

Go-Jek Gets Investment From Visa to Expand Digital Payments in Southeast Asia

Yoolim Lee, Bloomberg

It's no secret that Go-Jek is keen to be Southeast Asia's answer to China's WeChat. Its move to expand digital payments will be a key step to gain dominance in the region.

7 months ago

6 Uber IPO Roadshow Takeaways Every Travel Exec Needs to Know

6 Uber IPO Roadshow Takeaways Every Travel Exec Needs to Know

Dennis Schaal, Skift

Uber certainly isn't making a profit yet, which isn't the worst thing in the world, considering the mammoth market opportunity. Still, investors in its initial public offering should know it could take several years before that red ink turns black.

10 months ago

Lyft Readies to Go Public Before Rival Uber

Lyft Readies to Go Public Before Rival Uber

Olivia Zaleski and Eric Newcomer, Bloomberg

Lyft's core focus was on growing in the U.S. while Uber jockeyed for global dominance. It didn't quite work out for Uber, and Lyft is now likely to beat it to the punch as a public company even though both are still losing money.

12 months ago

Berlin App Has Grand Ambitions to Handle All Transport Modes

Berlin App Has Grand Ambitions to Handle All Transport Modes

Frank Jordans, Associated Press

The app sounds like a good idea, but it remains to be seen whether all of the incumbent transit systems, with their vested interests, will hop along for the ride.

12 months ago

Singapore Proposes Stricter Ridehailing Rules Because the Services Are the Same

Singapore Proposes Stricter Ridehailing Rules Because the Services Are the Same

Youlim Lee, Bloomberg

With more players in the market, Singapore no longer sees ridehailing firms as technology, but transport companies which should be subject to the same rules as street-hail operators. Safety is another big issue.

1 year ago

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 year 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 year 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 year 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 year 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.

1 year 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.

1 year ago