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Cars

Is Uber’s Huge Commission Rate a Red Flag and Opportunity for Competitors?

Is Uber’s Huge Commission Rate a Red Flag and Opportunity for Competitors?

Shira Ovide, Bloomberg

Uber's high commissions -- which piss off drivers -- represent an opportunity for competitors, although Lyft's take rate is roughly on par with Uber's. At some point, Uber might need to hurt its own bottom line by being more generous with its drivers -- especially since driverless cars aren't around the corner.

2 months ago

Ford-Backed Self-Driving Car Startup In Talks for Big Funding Round

Ford-Backed Self-Driving Car Startup In Talks for Big Funding Round

Yoolim Lee, Bloomberg

It looks like self-driving cars are actually going to happen. There will be plenty of winners and losers among the various competitors. The disruption will impact lots of people who drive for a living. Meanwhile, we hope pedestrians will be OK.

2 months ago

Waze Doesn’t Want You to Get Lost When You Lose Your GPS Signal in Tunnels

Waze Doesn’t Want You to Get Lost When You Lose Your GPS Signal in Tunnels

Michael Liedtke, Associated Press

We have to ask: why didn't anyone think of this sooner?

3 months ago

Uber Wants to Negotiate After Judge Rejects Settlement With Calif. Drivers

Uber Wants to Negotiate After Judge Rejects Settlement With Calif. Drivers

Kartikay Mehrotra, Bloomberg

Now that Uber's low-ball offer to settle with its California drivers has been tossed out, the ride-sharing giant will try to avoid going to court once again.

3 months ago

Audi Launches Rent by Hour Plan in Hong Kong and Looks to Gridlocked Beijing

Audi Launches Rent by Hour Plan in Hong Kong and Looks to Gridlocked Beijing

Bloomberg

The race is on for auto manufacturers and car rental companies to adapt to on-demand ride-sharing and other mobile services. Audi is the latest carmaker to get involved although China could turn out to be a tough market to break into.

3 months ago

Google Challenging Uber With New Waze-Powered Ride-Share Service

Google Challenging Uber With New Waze-Powered Ride-Share Service

Dennis Schaal, Skift

Google-owned Waze is a compelling navigation app, but whether Google can turn it into the foundation for a winning ride-share service will have to be tested in the marketplace over the next few months and years. Google is a latecomer to the field, although the sector is likely to undergo more disruption and a revolution in years to come.

3 months ago

Uber Is Setting New Records for Losing Money Quickly

Uber Is Setting New Records for Losing Money Quickly

Eric Newcomer, Bloomberg

Uber can be huge and it is transformative, but it will be near impossible to live up to the lofty valuations it has used to raise more and more money. Especially as it reaches a saturation point in the U.S. while still losing cash.

4 months ago

The IRS Makes It Easier to Pay Taxes on Uber and Airbnb Income

The IRS Makes It Easier to Pay Taxes on Uber and Airbnb Income

Deanna Ting, Skift

This is a clear sign that the sharing economy isn’t in its infancy anymore.

4 months ago

Uber Tells Investors It Won’t Get in Any Lyft Bidding War

Uber Tells Investors It Won’t Get in Any Lyft Bidding War

Eric Newcomer, Bloomberg

Lyft is only now becoming a real threat to Uber. It seems premature to seek an exit.

4 months ago

Uber’s Self-Driving Cars to Start Transporting Passengers in Pittsburgh

Uber’s Self-Driving Cars to Start Transporting Passengers in Pittsburgh

Associated Press

Self-driving cars -- with passengers. Uber will start to test them and also announced it has acquired technology startup Otto, which focuses on self-driving trucks. Uber's vision is obviously multi-modal.

4 months ago

Advent of Self-Driving Cars Shifts Technology Focus From Detroit to Silicon Valley

Advent of Self-Driving Cars Shifts Technology Focus From Detroit to Silicon Valley

David Welch, Bloomberg

Legions of techies developing algorithms for self-driving cars are based in Silicon Valley and Detroit automakers are doing deals to tap into that talent. Meanwhile, Michigan is trying to develop a startup/tech culture of its own and isn't ceding anything to Google and Uber.

4 months ago

Uber and Lyft Work With Cities to Replace Public Buses

Uber and Lyft Work With Cities to Replace Public Buses

Joshua Brustein, Bloomberg

Uber and Lyft could be part of urban innovation plans to streamline public transit but increased traffic and fumes could be a roadblock in some cases.

4 months ago