Tag: Uber

PSA’s car sharing service can now seek new investors, CEO says

PARIS (Reuters) – Free2Move, the car rental and car-sharing business developed by French automaker PSA Group (PEUP.PA), now has the capacity to start to court new outside investors, its chief executive Brigitte Courtehoux said. FILE PHOTO: Free2Move Paris electric vehicles by Groupe PSA are displayed outside Paris city hall as the French car maker launches… Continue reading PSA’s car sharing service can now seek new investors, CEO says

Uber picks up Autocab to push into places its own app doesn’t go

Uber has bought UK based Autocab, which sells SaaS to the taxi and private hire vehicle industry, with the aim of expanding the utility of its own platform by linking users who open its app in places where it doesn’t offer trips to local providers who do. No acquisition price has been disclosed and Uber… Continue reading Uber picks up Autocab to push into places its own app doesn’t go

Uber and Lyft just got hit with another lawsuit in California over claims the companies are skirting the state’s gig worker law (UBER, LYFT)

California’s labor commissioner announced Wednesday that her office is suing Uber and Lyft, claiming the companies are stealing wages from drivers by “willfully misclassifying” them as contractors instead of employees. The suit alleges that Uber and Lyft have failed to pay drivers minimum wage, sick pay, unemployment, and other benefits guaranteed to employees under state law.… Continue reading Uber and Lyft just got hit with another lawsuit in California over claims the companies are skirting the state’s gig worker law (UBER, LYFT)

Ex-Google robocar engineer sentenced for theft

An ex-engineer for Google’s self-driving car unit has been sentenced to 18 months in prison for trade secret theft shortly before he joined Uber. US District Judge William Alsup in San Francisco said Anthony Levandowski had carried out the “biggest trade secret crime I have ever seen”. Levandowski loaded more than 14,000 Google files onto… Continue reading Ex-Google robocar engineer sentenced for theft

How Netflix’s new CMO Bozoma Saint John rose to become the biggest ‘badass’ in marketing

Bozoma Saint John, Netflix’s newly named CMO, has climbed the corporate marketing ranks over 20 years, using her celebrity connections and ability to tie brands like Pepsi and Apple to cultural trends. She’s also known as unapologetically outspoken and a role model for women of color — notoriously underrepresented in the C-suites of corporations.  Netflix… Continue reading How Netflix’s new CMO Bozoma Saint John rose to become the biggest ‘badass’ in marketing

Self-driving startup Argo AI hits $7.5 billion valuation

Autonomous vehicle technology startup Argo AI is valued at $7.5 billion, just a little more than three years after the company burst on the scene with a $1 billion investment from Ford. The official valuation was confirmed Thursday nearly two months after VW Group finalized its $2.6 billion investment in Argo AI. Under that deal,… Continue reading Self-driving startup Argo AI hits $7.5 billion valuation

Lyft is expanding car rentals across the US as the coronavirus hobbles its core rides business (LYFT)

Lyft is expanding its car-rental option to the entire US, the company said Thursday.  The coronavirus pandemic hobbled Lyft’s core taxi business, and its losses are expected to triple in the second quarter. The expansion is possible via a partnership with Sixt, a German rental company that’s aggressively expanding in the US despite a recession. … Continue reading Lyft is expanding car rentals across the US as the coronavirus hobbles its core rides business (LYFT)

Cloudbooking Secures Undisclosed Funding

Cloud Booking Limited, a London, UK-based workplace management software platform, raised an undisclosed amount. Caple made the investment. The company intends to use the funds to scale its platform. Led by Gerry Brennan, CEO, and founder, Cloudbooking provides a software-as-a-service workplace management software platform, enabling integration with core services such as M365, Microsoft Teams, GSuite… Continue reading Cloudbooking Secures Undisclosed Funding

Uber halts move to shift Asia HQ to HK, to extend stay in Singapore

Uber Technologies Inc on Thursday halted a plan to move its Asian headquarters to Hong Kong in another business blow for the Chinese-ruled city, choosing to extend its stay in Singapore until at least December 2022. The firm’s announcement comes after China enacted a national security law for Hong Kong, which has stirred worries over… Continue reading Uber halts move to shift Asia HQ to HK, to extend stay in Singapore