Uber and Lyft are hiking up fares amid a driver shortage. Uber prices were up 40% in April compared to the same time last year, data showed. But the labor shortage and surging demand means that earnings for drivers are soaring. See more stories on Insider’s business page. Uber and Lyft are hiking up fares… Continue reading Uber and Lyft fares surge by up to 40% as the ride-hailing apps struggle to find enough drivers
Tag: Uber
Freight forwarder Sennder raises $80M at a $1B+ valuation
Freight forwarding — the process of organising how and where items will be shipped around the world, and specifically the technology that underpins that work — continues to be a huge area of the logistics market, not least because of the huge boom in e-commerce in the last year, and because of the Covid-19-mandated need… Continue reading Freight forwarder Sennder raises $80M at a $1B+ valuation
Uber and Lyft rides are pricier due to a lack of drivers (and the waits are longer, too)
Uber and Lyft rides have been almost twice as expensive over the past few months in the US, because the ride-hailing companies have been having difficulties meeting demand. More and more people are going back to their old routines after getting fully vaccinated, which translates to higher demand for rides as passengers fire up their… Continue reading Uber and Lyft rides are pricier due to a lack of drivers (and the waits are longer, too)
China’s Xforceplus raises nearly $200m in Series C led by Temasek …
Xforceplus Information Technology has raked in $200 million in its Series C+ and C++ rounds of financing, per an announcement. This brings the total corpus raised by the IT company in its Series C round to about $200 million. In October 2019, Xforceplus secured nearly $100 million in the first tranche of Series C round… Continue reading China’s Xforceplus raises nearly $200m in Series C led by Temasek …
Uber is draining its cash-burning Pool
Hello, and welcome to this week’s edition of the Insider Tech newsletter, where we break down the biggest news in tech, including: Did someone forward this newsletter to you? Sign up here. Soundtrack: This week’s newsletter has been specially designed to be consumed while listening to Dr. Lonnie Smith “Why can’t we live together” (featuring… Continue reading Uber is draining its cash-burning Pool
Could This Be The No.1 EV Stock Of 2021?
While Tesla and Volkswagen compete for EV buyers, a winner of their battles for customers may be another billion-dollar company that doesn’t even make cars called Facedrive. That might come as a surprise after the banner year Tesla had in 2020. In just the last 12 months, Tesla has seen an incredible 503% gain in… Continue reading Could This Be The No.1 EV Stock Of 2021?
Snappy Raises $70M in Funding
Snappy, a New York-based tech platform for gifting, raised $70M in funding. The round was led by GGV Capital with participation from existing investors 83North, Saban Ventures and Hearst Ventures. In conjunction with the funding, Hans Tung, managing partner at GGV Capital, will join Snappy’s board. The company will use these funds to continue to… Continue reading Snappy Raises $70M in Funding
Uber’s cheap and popular Pool ridesharing service lost the company as much as $1 million a week in San Francisco alone (UBER)
Uber’s early aggressive promotions like $5 rides on UberPool burned through hundreds of millions each year, sources tell Insider. The company suspended UberPool at the beginning of the pandemic and is now debating how to restart it. CEO Dara Khosrowshahi has raced to cut losses to meet profitability by later this year. See more stories… Continue reading Uber’s cheap and popular Pool ridesharing service lost the company as much as $1 million a week in San Francisco alone (UBER)
See what’s new from Wejo, CMC, iMerit, Plus, oVice & Michigan at TechCrunch’s mobility event
We’re in the final run-up to TC Sessions: Mobility 2021 on June 9, and the great stuff just keeps on coming. We’ve stacked the one-day agenda with plenty of programming to keep you engaged, informed and on track to build a stronger business. You’ll always find amazing speakers — some of the most innovative minds… Continue reading See what’s new from Wejo, CMC, iMerit, Plus, oVice & Michigan at TechCrunch’s mobility event
Uber’s forever war: 10,000 black cab drivers sign up to sue for millions saying the app broke taxi-booking rules
Over 10,000 of London’s black cab drivers have signed up to sue Uber claiming loss of earnings. The group legal action claims Uber broke the law from June 2012 to March 2018. Uber has strongly denied the claims and insisted that it operates lawfully in London. See more stories on Insider’s business page. More than… Continue reading Uber’s forever war: 10,000 black cab drivers sign up to sue for millions saying the app broke taxi-booking rules