Lowering fares has helped the company boost the number of people using the platform. Lyft plans to kill off surge pricing in an attempt to boost its rider numbers. On the company’s second-quarter earnings call, CEO David Risher admitted the controversial practice is a “a bad form of price raising” that riders loathe “with a… Continue reading Lyft plans to ditch surge pricing, which riders hate ‘with a fiery passion’
Tag: People
Abu Dhabi’s Department of Municipalities and Transport Accelerates Smart Transport Project, Paving the Way for a Sustainable and Eco-Friendly Future
The Project Provides Residents on Yas and Saadiyat Islands with 8 Robotaxis and 4 Minibuses, Serving Over 5,000 Registered Users and Fulfilling 17,000 Orders ABU DHABI, UAE, Aug. 8, 2023 /PRNewswire/ — In line with the vision of the wise leadership to make Abu Dhabi’s cities smarter and more sustainable, the Integrated Transport Centre (ITC) of the Abu… Continue reading Abu Dhabi’s Department of Municipalities and Transport Accelerates Smart Transport Project, Paving the Way for a Sustainable and Eco-Friendly Future
Beond Holding Successfully Closes Over US$17M Seed Round to Establish World’s First Premium Leisure Airline
DUBAI, UAE, Aug. 8, 2023 /PRNewswire/ — Beond, the world’s first premium leisure airline, is pleased to announce the successful completion of over US$17M Seed Round from a group of esteemed investors. The round was oversubscribed, reflecting the strong confidence and belief in Beond’s vision and potential. Participants included family offices, angel investors, and strategic… Continue reading Beond Holding Successfully Closes Over US$17M Seed Round to Establish World’s First Premium Leisure Airline
Moonbox raises $1m and 69 more Greater China deals worth almost $1.1bOKX Ventures, the investment arm of crypto exchange OKX, backed Moonbox.
Go to Source
Mobis received a large-scale order for EV components from a major global automaker
Secured an extensive order for Battery System Assembly (BSA), a key EV component, from Volkswagen AG, the largest European automaker. BSA to be integrated into the next generation EV-exclusive platforms and supplied from a new local production base to be built near the automaker’s plant. A global acknowledgment of its 10+ years of expertise in… Continue reading Mobis received a large-scale order for EV components from a major global automaker
New Strong Sell Stocks for August 9th
Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: BorgWarner BWA is a global leader in clean and efficient technology solutions required for combustion, hybrid and electric vehicles. The Zacks Consensus Estimate for its current year earnings has been revised 26.5% downward over the last 60 days. ARMOUR Residential REIT… Continue reading New Strong Sell Stocks for August 9th
Goodyear (GT) Q2 Earnings & Revenues Miss Estimates, Fall Y/Y
Goodyear Tire GT delivered a second-quarter 2023 adjusted loss per share of 34 cents, wider than the Zacks Consensus Estimate of 15 cents, which decreased from earnings of 46 cents per share reported in the year-ago quarter. The company generated net revenues of $4,867 million, falling 6.6% on a year-over-year basis and missing the Zacks… Continue reading Goodyear (GT) Q2 Earnings & Revenues Miss Estimates, Fall Y/Y
CentralNic Group plc Continued Expansion with Key Partnerships and Integrations
LONDON, Aug. 7, 2023 /PRNewswire/ — CentralNic Group plc (“CentralNic”, the “Group” or the “Company”) CentralNic Group PLC (AIM: CNIC), the global internet company that derives recurring revenue from privacy-safe, AI-based customer journeys that help online consumers make informed choices, is pleased to announce a series of recent strategic partnerships, achievements, and the overall progress… Continue reading CentralNic Group plc Continued Expansion with Key Partnerships and Integrations
RateGain announces results for Q1FY24; Records its Biggest Quarter in Revenue Growth and Triples PAT YoY
LONDON, Aug. 7, 2023 /PRNewswire/ — RateGain Travel Technologies Limited (NSE: RATEGAIN), a global provider of AI-powered SaaS solutions for the hospitality and travel industry, today announced its financial results for Q1 FY24 ending on June 30, 2023, reporting robust revenue growth and improving profitability as the companies continue to build on a record year last… Continue reading RateGain announces results for Q1FY24; Records its Biggest Quarter in Revenue Growth and Triples PAT YoY
Treehouse Secures $10M to Bring EV Chargers Into Homes
The round is led by Montage Ventures and Trucks with participation from Fortune 500 giants, CarMax and Assurant Ventures DETROIT, Aug. 9, 2023 /PRNewswire/ — Treehouse, an electrification company that delivers turnkey installations for home EV charging, today announced $10M in funding. The round is led by Montage Ventures and Trucks Venture Capital, with participation… Continue reading Treehouse Secures $10M to Bring EV Chargers Into Homes