Uber on Tuesday reported revenue growth exceeding expectations from Wall Street, suggesting that the company has continued to recover from a pandemic slump as drivers return to the platform. But it posted a net loss, in part because of its investments in other ride-hailing companies. Revenue was $8.34 billion for the third quarter, a 72… Continue reading Uber’s Revenue Is Up 72 Percent From Last Year, but It Posts a Loss
Tag: Uber
Cliffset’s Portable Silverware Set Has a Built-In Dishwasher
There’s a dilemma every city dweller faces eventually: Where’s the fork? Let’s say that after a meeting, you finally manage to find the one falafel stand that’s an oasis in the food desert of the financial district. The gods smile, and you score an $8 falafel platter. This is why you live in a city,… Continue reading Cliffset’s Portable Silverware Set Has a Built-In Dishwasher
Uber sues NYC Taxi & Limo Commission to block rate increase for drivers
Uber is suing the New York City Taxi & Limousine Commission (TLC), which last month approved a fare hike for ride-hail apps and taxi drivers amid a post-pandemic driver shortage, rising operational costs and higher inflation. The ride-hail company is attempting to prevent an increase in rates it must pay drivers in NYC by December… Continue reading Uber sues NYC Taxi & Limo Commission to block rate increase for drivers
Uber files lawsuit to block NYC driver pay increase
Back in November, New York City’s Taxi and Limousine Commission (TLC) voted to increase the pay rates of Uber and Lyft drivers to make up for the rise in inflation and and operational costs. The new rates were supposed to be implemented on December 19th, but now Uber has sued the commission to block the… Continue reading Uber files lawsuit to block NYC driver pay increase
Getaround stock crashes after carsharing company goes public in SPAC deal
Paul Chinn | San Francisco Chronicle | Getty Images Carsharing company Getaround made its public market debut Friday through a merger with blank-check company InterPrivate II Acquisition Corp. The company saw its share value drop more than 65%, reflecting the chilly environment for both SPACs and ridesharing companies. Getaround, which made the very first CNBC… Continue reading Getaround stock crashes after carsharing company goes public in SPAC deal
When drivers are attacked, Uber leaves police waiting for help
An investigation from The Markup found that Uber is slow to respond to law enforcement requests, leaving drivers vulnerable to repeated attacks. In St. Louis, a narrow and quiet street shadowed with trees has haunted Brian Blagoue since the spring of 2021. It’s where two passengers carjacked him at gunpoint while he was working as… Continue reading When drivers are attacked, Uber leaves police waiting for help
This Week in Transportation News: 10 Stories You Need to See
A roundup of the week’s most newsworthy auto and transport industry press releases from PR Newswire NEW YORK, Dec. 9, 2022 /PRNewswire/ — With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists covering the auto and transportation industries stay on top… Continue reading This Week in Transportation News: 10 Stories You Need to See
Riviera Partners Receives Investment from Insight Partners
Riviera Partners, a San Francisco, CA-based data-driven and tech-enabled executive search company, received an investment from Insight Partners. The amount of the deal was not disclosed. The company intends to use the funds to scale into new markets and geographies. Led by CEO Will Hunsinger, Riviera Partners is a global executive search company that places executive… Continue reading Riviera Partners Receives Investment from Insight Partners
Can We Please Stop With These Offensively Stupid “Robotaxis”?
If there’s a “safety driver” behind the wheel, it’s just a marketing shtick. Sign of the Times Oh great, now there’s another batch of “driverless” robotaxis hitting the streets. Except, unsurprisingly, there’s a human “safety driver” at the wheel who’s ready to intervene at any moment. That human, skeptics will point out, could just drive the… Continue reading Can We Please Stop With These Offensively Stupid “Robotaxis”?
Australia’s Rokt hits $2.4b valuation after round co-led by Square Peg
The valuation of Australian e-commerce tech startup Rokt has risen to $2.4 billion following a secondary funding round led by investment firm Square Peg and asset manager Wellington, it said in a press release. Rokt will deploy the fresh funds for its growth initiatives as it considers plans to take the company public. The latest… Continue reading Australia’s Rokt hits $2.4b valuation after round co-led by Square Peg