SAN FRANCISCO, Aug. 12, 2021 /PRNewswire/ — PredictHQ, the demand intelligence company, today announced the release of “Demand Impact Report: The Great Hospitality Recovery of 2021.” The report, based on detailed analysis and data modeling across thousands of events impacting the hospitality industry, shows the impact of large events on hotels and accommodations as cities reopen… Continue reading The Great Hospitality Recovery of 2021: PredictHQ Data Shows What Hotels and Accommodations Can Expect As Events Bounce Back
Tag: Uber
Nexar partners with the Black Car Fund to protect New York rideshare drivers with thousands of cameras in cars
NEW YORK, Aug. 12, 2021 /PRNewswire/ — Nexar, a leading AI computer vision company, announced a partnership with the Black Car Fund (BCF), New York State’s workers’ compensation provider for independent contractor black car operators, including rideshare drivers. The partnership will place cameras in thousands of cars to protect their members in the case of an… Continue reading Nexar partners with the Black Car Fund to protect New York rideshare drivers with thousands of cameras in cars
Moove Raises $23M in Series A Funding
Moove, a Laos, Nigeria-based mobility fintech company, raised $23m in Series A funding. The round was led by Speedinvest and Left Lane Capital, with participation from DCM, Clocktower Technology Ventures, thelatest.ventures, LocalGlobe, Tekton, FJ Labs, Palm Drive Capital, Roka Works, KAAF Investments, Spartech Ventures, Class 5 Global, and Victoria van Lennep, co-founder of Lendable. Africa… Continue reading Moove Raises $23M in Series A Funding
Uber: Uber Announces Pricing of $1.5 Billion Senior Notes Offering
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced the pricing of $1.5 billion principal amount of 4.50% Senior Notes due 2029 (the “notes”). The notes are being offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and… Continue reading Uber: Uber Announces Pricing of $1.5 Billion Senior Notes Offering
Crashes involving Tesla Autopilot and other driver-assistance systems get new scrutiny.
A federal safety agency told automakers on Tuesday to begin reporting and tracking crashes involving cars and trucks that use advanced driver-assistance technology such as Tesla’s Autopilot and General Motors’ Super Cruise, a sign that regulators are taking the safety implications of such systems more seriously. Automakers must report serious crashes within one day of… Continue reading Crashes involving Tesla Autopilot and other driver-assistance systems get new scrutiny.
Uber: Uber Announces Proposed $1.5 Billion Senior Notes Offering
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced that it proposes to offer $1.5 billion principal amount of Senior Notes due 2029 (the “notes”), subject to market conditions and other factors. The notes are being offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act… Continue reading Uber: Uber Announces Proposed $1.5 Billion Senior Notes Offering
Uber and Lyft say drivers are earning more than $35 an hour in some cities as the companies scramble to recruit them back
Uber and Lyft are recovering from the COVID-19 pandemic as they push to regrow their fleet of US drivers. Incentives and benefits programs, along with increased COVID safety measures, are fueling drivers’ return to the app. The companies are citing higher hourly wages for their drivers, though they have oversold earnings to their drivers in… Continue reading Uber and Lyft say drivers are earning more than $35 an hour in some cities as the companies scramble to recruit them back
Autos & TransportationUber posts $509 mln adjusted loss on driver incentives even as trips riseAugust 4, 2021
A screen displays the company logo of Uber Technologies Inc on the day of its IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid Aug 4 (Reuters) – Uber Technologies Inc (UBER.N) on Wednesday reported widening losses as it spent more to entice drivers to return to… Continue reading Autos & TransportationUber posts $509 mln adjusted loss on driver incentives even as trips riseAugust 4, 2021
Uber CEO calls Massachusetts gig economy ballot measure the ‘right answer’
Uber CEO Dara Khosrowshahi expressed his support Wednesday for a ballot initiative in Massachusetts that would keep gig economy workers classified as independent contractors, fulfilling a promise he made nearly a year ago to push for laws that preserve its business model. “In the state of Massachusetts, we think the right answer is our IC+… Continue reading Uber CEO calls Massachusetts gig economy ballot measure the ‘right answer’
Uber is still losing a lot of money
Uber reported second quarter gross bookings of $21.9 billion, more than double the same period in 2020. Even so, the company posted an adjusted earnings loss of $509 million and a cash burn of $1.28 billion. The company’s CFO said bookings should rise, but losses likely will continue for another quarter. Loading Something is loading.… Continue reading Uber is still losing a lot of money