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)
Tag: Uber
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
Uber has recognized a trade union for the first time. 70,000 drivers in the UK can now join and collectively negotiate wages, sick pay, and pensions.
Uber made history on Wednesday by recognizing one of the UK’s biggest trade unions. It’s the first recognition deal between a ride-hailing app and a union. Its 70,000 UK drivers can join the GMB to negotiate over pay, pensions, and support, the union said. See more stories on Insider’s business page. Uber on Wednesday officially… Continue reading Uber has recognized a trade union for the first time. 70,000 drivers in the UK can now join and collectively negotiate wages, sick pay, and pensions.
Most executives say they want more contract and temp workers. A majority of those workers say that’s not good enough. (UBER, LYFT, DASH, GRUB)
Contract workers “overwhelmingly” want to be permanent employees, according to a new McKinsey-Ipsos survey. But executives say they plan to rely more heavily on contract labor, McKinsey previously found. The findings reveal a huge divide between workers’ wants and those of their bosses. See more stories on Insider’s business page. Around a quarter of Americans… Continue reading Most executives say they want more contract and temp workers. A majority of those workers say that’s not good enough. (UBER, LYFT, DASH, GRUB)