Articles tagged “uber”

Japan Is Joining the Crowded Race to Develop Flying Cars

Japan Is Joining the Crowded Race to Develop Flying Cars

Ma Jie and Kiyotaka Matsuda, Bloomberg

Japan is jumping into the flying car quest a little late, but its multifaceted approach seems sound. Still, as we've pointed out in the past, in the near term this solution is unlikely to be useful for the masses.

3 weeks ago

Uber Settles Dozens of Sexual Harassment Claims for Just $1.9 Million

Uber Settles Dozens of Sexual Harassment Claims for Just $1.9 Million

Peter Blumberg, Bloomberg

While Uber is somewhat being held accountable here, we're not impressed with the monetary amount of the settlement.

4 weeks 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.

1 month 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.

1 month ago

Why Car Rental Companies Won’t Go Out of Business Anytime Soon

Why Car Rental Companies Won’t Go Out of Business Anytime Soon

Justin Fox, Bloomberg

Yes, consumers — even business travelers — like to use ridesharing apps. But corporate travelers are still renting plenty of cars and paying hefty prices for them. Sometimes, that's still the best way to get around.

2 months ago

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

Booking Holdings Invests $500 Million in Ride-Hailing Platform Didi

Booking Holdings Invests $500 Million in Ride-Hailing Platform Didi

Edwin Chan, Bloomberg

What does $500 million get you? Other than allowing "Didi users to make hotel reservations on Booking.com and Agoda," we're not exactly sure. We'll have to keep an eye on how this one plays out.

2 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.

2 months ago

Uber Competitor Gett Is Reportedly Considering a Departure from U.S. Market

Uber Competitor Gett Is Reportedly Considering a Departure from U.S. Market

Christoph Rauwald, Giles Turner and Yaacov Benmeleh, Bloomberg

A year ago, we wondered if Uber would start to get worried as rivals teamed up to take it on. Sounds like there was not much need of that as Gett reportedly considers a sale of Juno and an exit from the U.S.

2 months ago

Uber’s Head of Human Resources Resigns in Latest High-Profile Departure

Uber’s Head of Human Resources Resigns in Latest High-Profile Departure

Eric Newcomer, Bloomberg

Many CEOs who foster racism and sexism surrounded themselves with likeminded individuals, who hire more of the same, and so the cancer spreads. The real solution — changing human behavior — is so much harder to achieve than ousting one or two offenders.

2 months ago

How One Entrepreneur Plans to Turn Planes Into Trains … and Vice Versa

How One Entrepreneur Plans to Turn Planes Into Trains … and Vice Versa

Ania Nussbaum and Marie Mawad, Bloomberg

Yes, the project sounds farfetched and it will probably never take off in the stated form, but the idea that planes "need to become more efficient, less polluting, and less noisy” is totally correct.

2 months ago

Why Airbnb Isn’t in a Rush to Go Public

Why Airbnb Isn’t in a Rush to Go Public

Eric Newcomer, Bloomberg

With investors seemingly falling over themselves to offer Airbnb cash, the company doesn't really need that headline-grabbing IPO. Sadly, this means we'll have to wait a little more time to find out just how profitable it really is.

3 months ago