Cars

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 day 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 week ago

Microsoft Invests in Ride-Hailing Platform Grab

Microsoft Invests in Ride-Hailing Platform Grab

Yoolim Lee, Bloomberg

This seems like a win-win for both sides. Microsoft gets a customer for its in-house cloud services operation and Grab now has a global tech firm as a partner.

1 week ago

Sponsored
New Research Finds Near-Universal Acceptance of Ridesharing Among Business Travelers

New Research Finds Near-Universal Acceptance of Ridesharing Among Business Travelers

Lyft + Skift

Ridesharing is now the norm for business travelers. As evidenced by Skift’s new survey on corporate travel ground transportation habits, it’s now widely embraced by business travelers from organizations across all industries and company sizes.

6 months ago

SoftBank, Toyota Partner for Ride-Hailing Service

SoftBank, Toyota Partner for Ride-Hailing Service

Kevin Buckland, Pavel Alpeyev and Ma Jie, Bloomberg

After years of pumping investment money into other ridesharing services, two Japanese giants are giving it a go themselves, first with ride hailing and then autonomous vehicles. The stakes are rising.

2 weeks 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.

3 weeks 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.

3 weeks ago

Millennials Are Driving Sales of Tech-Enabled Airstream Trailers

Millennials Are Driving Sales of Tech-Enabled Airstream Trailers

Riley Griffin, Bloomberg

With its U.S. sales continuing to climb, recreational vehicle manufacturer Airstream eyes a global expansion. Will millennials all over the world be just as interested as young Americans?

3 weeks ago

Volvo Believes Self-Driving Cars Will Disrupt Aviation

Volvo Believes Self-Driving Cars Will Disrupt Aviation

Niclas Rolander, Bloomberg

Busy travelers don't love waiting at the airport for flights that might or might not be on time. But they don't love sitting in traffic either, regardless of who's driving. As long as gridlock is an issue, will autonomous cars really change the travel game that much?

1 month ago

Minor Crash With Self-Driving Car Is First Incident Apple Disclosed

Minor Crash With Self-Driving Car Is First Incident Apple Disclosed

Mark Gurman, Bloomberg

We can live with fender-benders like this with self-driving cars, unlike Uber's fatality in March in Arizona. Transparency is good, and there should be a lot more of it as the self-driving car market evolves, or doesn't.

2 months ago

Delete Didi Movement Shakes China Ridesharing Service

Delete Didi Movement Shakes China Ridesharing Service

Bloomberg

Whether it's an airline (United) or a ridesharing service (Didi and Uber), a corporate reputation can be pummeled in a social media minute. Didi executives claim they are now emphasizing safety as the number one priority and making growth secondary. At least they are saying the right things.

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.

2 months ago