Articles tagged “uber”

VW-Backed Gett Ponders Its Strategy as Other Ridehailing Apps Pull Ahead

VW-Backed Gett Ponders Its Strategy as Other Ridehailing Apps Pull Ahead

Giles Turner, Ruth David, and Manuel Baigorri, Bloomberg

Tel Aviv-based Gett aims to overtake Uber and Lyft. But some investors like Volkswagen and Vostok, a Swedish fund manager, aren't adding in more money. The lack of capital is hindering the startup's pace.

4 hours ago

Uber Launches Rewards Program for Most Loyal Customers

Uber Launches Rewards Program for Most Loyal Customers

Eric Newcomer, Bloomberg

Uber's launch of a loyalty program explains why Lyft appears to have rushed out a similar announcement earlier this week. Neither company is being generous with details, but at least Uber has committed to officially launching in nine cities this week.

4 days 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.

2 weeks ago

Booking Holdings Invests $200 Million in Grab as Ridehailing Becomes More Strategic

Booking Holdings Invests $200 Million in Grab as Ridehailing Becomes More Strategic

Dennis Schaal, Skift

It's becoming increasingly clear that online travel players will try to leverage the heck out of connections between food delivery, ridehailing, and booking hotels. Uber and Lyft will undoubtedly become a bigger part of the action, as well.

3 weeks 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.

1 month 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

Uber’s Quest to Hit on Another Moonshot Product

Uber’s Quest to Hit on Another Moonshot Product

Andrew Sheivachman, Skift

Uber needs to fix its culture and hit another moonshot beyond ridesharing. Nobody is quite sure where it will come from, but the result of investments in flying cars, autonomous cars, and a logistics network for businesses will be clear soon.

2 months ago

Uber’s $148 Million Settlement Is Costliest Data Breach Payout Ever

Uber’s $148 Million Settlement Is Costliest Data Breach Payout Ever

Austin Carr, Bloomberg

Uber now has the ignominious distinction of paying out the most expensive data breach settlement ever after covering up a massive hack. CEO Dara Khosrowshahi continues to resolve lingering issues as the company tries to turn a new page.

2 months ago

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 months 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.

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