Articles tagged “uber”

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Will Asia’s Grab Prove That Ridehailing Apps Can Be Global?

Will Asia’s Grab Prove That Ridehailing Apps Can Be Global?

Raini Hamdi, Skift

The vision of global, interconnected ridehailing is sweet, and Asian player Grab wants to lead the way. But there is good reason to be skeptical.

8 months ago

Uber Says Driverless Cars Can Only Happen in Lockstep With Regulators

Uber Says Driverless Cars Can Only Happen in Lockstep With Regulators

Tom Lowry, Skift

Uber is no stranger to consumer backlash so little wonder a top technology executive at the company went out of his way to say driverless cars will be a partnership with consumers and regulators. Let's see how that unfolds.

8 months ago

Waymo to Launch Ridehailing Robotaxis in France and Japan

Waymo to Launch Ridehailing Robotaxis in France and Japan

Michael Liedtke, Associated Press

Will Waymo pose a serious challenge to Uber with its autonomous ridehailing service? First it has to ensure a robot can do the job as well — if not better — than a human.

8 months ago

Uber to Launch Helicopter Rides in New York City

Uber to Launch Helicopter Rides in New York City

Hailey Waller, Bloomberg

It makes sense that Uber would start carving out a market in the air mobility space. Launching helicopter ridehailing is a first step toward paving a path for its electric vertical take-off and landing aircraft, which are currently in development.

9 months ago

European Rail Booking Site Trainline Looks at Being Next Big Travel IPO

European Rail Booking Site Trainline Looks at Being Next Big Travel IPO

Patrick Whyte, Skift

With consumers much more aware of the damaging environmental impact of air travel, other forms of transport are having a moment. It might be a good time for Trainline's private equity owners to sell up.

9 months ago

Uber Unit Launches Saudi Bus Service to Tap Into Religious Pilgrimages

Uber Unit Launches Saudi Bus Service to Tap Into Religious Pilgrimages

Layan Odeh and Matthew Martin, Bloomberg

The lines in transportation are beginning to blur as they have in hospitality. Disruptor Uber is dabbling in mass transport in Saudi Arabia with a new bus service carrying Muslims to Mecca.

9 months ago

Uber Inventor’s Stake Worth $3.7 Billion Ahead of IPO

Uber Inventor’s Stake Worth $3.7 Billion Ahead of IPO

Eric Newcomer, Bloomberg

Garrett Camp grew increasingly frustrated when yellow cabs wouldn't show up to give him a ride in San Francisco. Boom. An idea hit him. Today, that idea — Uber — starts trading as a public company, and Camp is all the richer.

10 months ago

SoftBank Is In for Long Haul With Massive Ridehailing Bet

SoftBank Is In for Long Haul With Massive Ridehailing Bet

Pavel Alpeyev, Bloomberg

SoftBank founder Masayoshi Son is a big believer in Uber, and the company's upcoming initial public offering will make him and his company richer. But it sounds like he's thinking about the more lucrative rewards further down the line.

10 months ago

Uber Didn’t Listen Enough to Cities, a Top European Exec Concedes

Uber Didn’t Listen Enough to Cities, a Top European Exec Concedes

Patrick Whyte, Skift

Uber has tried hard to change its image in recent years, but has it worked?

10 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

Uber Secures $1 Billion Funding for Self-Driving Unit Ahead of IPO

Uber Secures $1 Billion Funding for Self-Driving Unit Ahead of IPO

Eric Newcomer, Bloomberg

The autonomous-car unit is a very costly endeavor with Uber not making any profits. But the latest $1 billion investment helps Uber to go on its IPO roadshow with additional fuel.

10 months ago

Uber’s Airport Rides Still Small Part of Business, IPO Filing Reveals

Uber’s Airport Rides Still Small Part of Business, IPO Filing Reveals

Sean O'Neill, Skift

Expect new light on the importance of airport rides to the fortunes of Uber to prompt more airport authorities and ground transportation companies to pressure the company harder for various concessions.

11 months ago