Articles tagged “uber”

Asian Uber Rival Grabs $2 Billion in New Funding

Asian Uber Rival Grabs $2 Billion in New Funding

Lulu Yilun Chen and Pavel Alpeyev, Bloomberg

Uber still has a chance to succeed in Southeast Asia, despite being foiled in Russia and China. But yet another heavily-capitalized competitor in the space does not help its prospects.

21 hours ago

The IRS May Crack Down on Airbnb and Uber Income and Unpaid Taxes

The IRS May Crack Down on Airbnb and Uber Income and Unpaid Taxes

Ben Brody, Bloomberg

Hundreds of millions of dollars in taxable income go unreported every year by Airbnb hosts, Uber drivers, and similar sharing-economy workers. As the federal budget gets pressured, expect tax authorities to come calling.

4 days ago

Uber Exits Russia Through Deal With Local Rival Yandex

Uber Exits Russia Through Deal With Local Rival Yandex

Eric Newcomer, Bloomberg

At one point Uber justified its sky-high valuation with promises of global expansion in China, Russia, and India. This is likely not how they saw it all playing out.

2 weeks ago

The U.S. Laptop Ban Is Winding Down — Skift Corporate Travel Innovation Report

The U.S. Laptop Ban Is Winding Down — Skift Corporate Travel Innovation Report

Andrew Sheivachman, Skift

As the initial laptop ban fades away, pay attention to the next wave of security concerns caused by the new procedures put in place to screen flyers.

3 weeks ago

Flying Cars: Separating Hype From Real Potential

Flying Cars: Separating Hype From Real Potential

Andrew Sheivachman, Skift

We're not saying flying cars won't exist; they already do. But at this point, it's ludicrous to expect the market to grow beyond a niche offering for the wealthy anytime in the next few decades. Don't buy the hype.

3 weeks ago

Uber Dealt a Setback in EU Court Because of French Law

Uber Dealt a Setback in EU Court Because of French Law

Stephanie Bodoni , Bloomberg

France has been a tough market for Uber and, although a final ruling on this issue is still to come, the prospects for Uber in the country don't look promising at this point.

3 weeks ago

Uber CEO Resigns Following Leadership Crisis He Created

Uber CEO Resigns Following Leadership Crisis He Created

Eric Newcomer, Bloomberg

The thinking behind Uber has had a transformative effect on transportation in major cities around the world. But the disruption it created relied on tactics and a mentality that was the polar opposite of the progressive, groundbreaking business it wished to be seen as. The question isn't can it maintain its valuation without Travis, but how long it would have survived at these heights under any circumstance.

1 month ago

Uber App to Include Tipping Option as Part of Image Makeover

Uber App to Include Tipping Option as Part of Image Makeover

Michael Liedtke and Tom Krisher, Associated Press

Uber giveth and Uber taketh. The embattled company is taking small steps in the U.S. to improve things for drivers while getting more punitive in stiffening cancellation fees for riders. This company struggles at the seemingly easy things.

1 month ago

Uber CEO Plans to Take Leave as Management Board Asserts Control

Uber CEO Plans to Take Leave as Management Board Asserts Control

Eric Newcomer, Bloomberg

As Uber shambles on following the departure of numerous top executives, one has to wonder who exactly will be tabbed to fill the company's leadership vacuum. Will the company be able to continue its rapid growth without Kalanick's aggressive presence at the helm?

1 month ago

Will Uber Reboot? CEO Will Likely Be Forced to Take Temporary Leave

Will Uber Reboot? CEO Will Likely Be Forced to Take Temporary Leave

Heather Somerville and Joseph Menn, Reuters

It's a gargantuan task to turn around a company's culture especially when the CEO -- who might be forced into a temporary leave of absence -- still controls the company and would be poised to return.

1 month ago

Uber Board to Discuss CEO Leave of Absence and Report on Sexual Harassment

Uber Board to Discuss CEO Leave of Absence and Report on Sexual Harassment

Dennis Schaal, Skift

It's clear that Travis Kalanick, the embattled Uber co-founder and CEO, needs to go. Whether the board can push him out, given Kalanick's stake and leverage in the company, is another question.

1 month ago

Uber Fires 20 Employees in First Step of Ongoing Sexual Harassment Probe

Uber Fires 20 Employees in First Step of Ongoing Sexual Harassment Probe

Eric Newcomer, Bloomberg

The hammer just came down at Uber but what steps are being taken to rebuild the company culture in a sustainable way based on respect and dignity? And what about Uber's drivers? When will they be viewed within the company as more than worker bees?

2 months ago