What a fun reminder of the benefits Uber refuses to provide. Whoopsie-Daisy Uber just accidentally played a cruel bait-and-switch on a portion of its drivers by erroneously offering healthcare to drivers before yanking it away. The rideshare company refuses to provide healthcare benefits to its drivers outside of California, Motherboard reports, so it was probably… Continue reading Uber Offers Drivers Health Insurance, Then Says Oops Nevermind
Tag: Uber
SoftBank, Uber, Tencent set to reap rewards from Didi IPO
After years of speculation, Didi Chuxing, China’s ride-sharing behemoth, finally unveiled its IPO filing in the U.S., giving a glimpse into its money-losing history. Didi didn’t disclose the size of its raise. Reuters reported the company could raise around $10 billion at a valuation of close to $100 billion. Cheng Wei, Didi’s 38-year-old founder owns… Continue reading SoftBank, Uber, Tencent set to reap rewards from Didi IPO
Pathrise Raises $9M in Series A Funding
Pathrise, a San Francisco, CA-based online mentorship and job placement platform for tech professionals, secured $9m in Series A Funding including $5.5m in new equity capital and $3.5m in venture debt. The round was led by Learn Capital and also included Western Technology Investment and Day One Ventures and existing investors K50 Ventures, Y Combinator, and GoAhead Ventures. Led by Kevin Wu, CEO and Co-Founder, Pathrise is an online… Continue reading Pathrise Raises $9M in Series A Funding
Travis Kalanick’s CloudKitchens loses second exec in a month
CloudKitchens’ head of Americas is leaving for a healthtech startup, the second exec exit in a month. Rodrigo Arévalo oversaw the general managers in the Americas. Two ex-Uber leaders will take up the reins. Arévalo’s departure marks the second major executive exit in a month, after the startup’s head of recruiting left. See more stories… Continue reading Travis Kalanick’s CloudKitchens loses second exec in a month
Tesla (TSLA) could dominate $1.2 trillion market with autonomous, Uber-like vehicle fleet
Tesla (TSLA) is looking at a more-than-decent chunk of a market valued at $1.2 trillion with its upcoming Tesla Network, a new Uber-like ride-hailing service with autonomous electric cars, according to Ark Invest. For years, Tesla has taunted a ride-hailing app to be powered by its self-driving system. It’s been dubbed the “Tesla Network.” The… Continue reading Tesla (TSLA) could dominate $1.2 trillion market with autonomous, Uber-like vehicle fleet
SV Latam Capital Raises $22M for Fund II
SV Latam Capital, a San Francisco, CA-based, Latina-led venture capital firm focused on tech and science startups, closed Fund II, at $22m. Crystal Sacca, an early investor in Uber and Blue Bottle Coffee through Lowercase Capital and the co-founder of Lowercarbon Capital, and her husband, Chris Sacca, a legendary VC, company advisor and entrepreneur who invested in seed and… Continue reading SV Latam Capital Raises $22M for Fund II
Uber: New Research shows Uber’s role in reducing drunk driving
By Kristin Smith, Head of Global Road Safety Policy Every day 28 people lose their lives to drunk drivers in the US; that’s one person every 52 minutes. The impact impaired driving has on our society is emotionally damaging, costly, and oftentimes life altering. As a leader in ridesharing, we are committed to doing our… Continue reading Uber: New Research shows Uber’s role in reducing drunk driving
4 million Americans quit their jobs in April — a 20-year record. Many of them worked in the retail sector, which is in the middle of a massive labor shortage.
About 4 million workers in the US quit in April, a 20-year record, the Labor Department said. There were 9.3 million job vacancies at the end of April, another 20-year record. Job vacancies rose the most in the accommodation and food-service sectors. See more stories on Insider’s business page. Job vacancies rose to a 20-year… Continue reading 4 million Americans quit their jobs in April — a 20-year record. Many of them worked in the retail sector, which is in the middle of a massive labor shortage.
US private equity major TPG invests $80m in India’s Zenoti at $1.5 billion valuation …
Bellevue- and Hyderabad-based SaaS startup Zenoti has secured an additional $80 million as part of its Series D funding round led by TPG, a global alternative asset firm that has invested in leading technology companies such as Airbnb, Kajabi, Toast, and Uber, per a company statement. Zenoti, which makes software for spas and salon chains,… Continue reading US private equity major TPG invests $80m in India’s Zenoti at $1.5 billion valuation …
SoftBank-backed US food delivery firm DoorDash enters Japan
US food delivery firm DoorDash Inc, which is backed by SoftBank Group Corp, announced the launch of services in Japan on Wednesday, joining an increasingly crowded market that has grown during the COVID-19 pandemic. Services will be initially limited to the city of Sendai in Miyagi prefecture, the money-losing delivery firm told reporters, in a step that… Continue reading SoftBank-backed US food delivery firm DoorDash enters Japan