Uber will acquire Cornershop, a grocery delivery startup that began life serving the Latin American market and recently shifted to offer service in Toronto, its first North American city. Uber announced on Friday that it expects that its acquisition of a majority ownership stake in Cornershop in early 2020, once it receives all the necessary… Continue reading Uber to acquire grocery delivery startup Cornershop
Tag: Uber
Uber to Acquire Majority Ownership in Cornershop
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced an agreement to acquire majority ownership of Cornershop, a leading online grocery provider in Chile, Mexico, and more recently in Peru and Toronto. The investment is expected to close in early 2020, subject to regulatory approval. “Whether it’s getting a ride, ordering food from your favorite… Continue reading Uber to Acquire Majority Ownership in Cornershop
UPDATE 1-Uber to buy Chile’s Cornershop in bid to deliver your groceries
SANTIAGO (Reuters) – Uber (UBER.N) said on Friday it would buy a majority stake in online grocery provider Cornershop as the ride-hailing giant moves to expand its fast-growing delivery service into the grocery store market. FILE PHOTO: A helicopter operated by Uber Copter, a new service by the ride-sharing company Uber, providing service from Manhattan… Continue reading UPDATE 1-Uber to buy Chile’s Cornershop in bid to deliver your groceries
California’s Power Outages Are About Wildfires—but Also Money
The red wind started to blow again this week—hot, dry gusts up to 75 miles per hour in some parts of Northern California. Usually, their arrival means wildfires are on the way, a recurring threat to life and property thanks to climate change and urban sprawl. This time was a little different, though. As the… Continue reading California’s Power Outages Are About Wildfires—but Also Money
Hong Kong Is the Latest Tripwire for Tech Firms in China
Over the past decade, China has embraced US sports and high-tech products like iPhones and Teslas, and US businesses granted access to China’s domestic market have benefited from a huge and increasingly wealthy set of consumers. For US tech companies, the ties often run deeper: They rely on China’s factories and supply chain and, increasingly,… Continue reading Hong Kong Is the Latest Tripwire for Tech Firms in China
The Queer Rights Movement Faces Down the Supreme Court
Earlier this week, under the wide steel-gray skies of Washington, DC, the streets encircling the US Supreme Court Building were animated by a rising tide of color and righteous fury. Protesters had gathered in a sea of doughy pink, electric blue, sunshine yellow, and iridescent tangerine, thousands waving signs that exclaimed “We the People Means… Continue reading The Queer Rights Movement Faces Down the Supreme Court
Why venture capital firms need culture experts
When Susan Fowler’s 2017 blog post shined a light on Uber’s raucous culture, outlining rampant harassment and sexism, a debate erupted. What role do the deep-pocketed investors behind the company, those who allowed it to scale to monstrous proportions, have in developing and nurturing its culture? Entrepreneurs and venture capitalists themselves wondered aloud, how involved… Continue reading Why venture capital firms need culture experts
Porsche and Boeing are partnering to develop ‘premium’ electric flying cars
The electric vertical take-off and landing (eVTOL) industry is heating up, with a lot of companies finding dance partners for what looks like could be a boom industry — provided the significant technical and regulatory hurdles still standing in the way of viable commercial consumer air travel are overcome. Now, automaker Porsche is throwing its… Continue reading Porsche and Boeing are partnering to develop ‘premium’ electric flying cars
Sources: Lilium is looking to raise up to $500M for its electric flying taxis
“Flying cars” — airborne vehicles designed for urban and other short-distance commutes to replace conventional private automobiles — are (at best) still years away from being a reality, with significant safety, technology and business model hurdles to clear before they ever hit the sky. Now, sources tell us that one of more promising startups in… Continue reading Sources: Lilium is looking to raise up to $500M for its electric flying taxis
No You Can’t Power Your House With Your Electric Car
On Wednesday night, Tesla owners in Northern California received an unusual message. “A utility company in your area announced they may turn off power,” it read. “We recommend charging your Tesla to 100% today to ensure your drive remains uninterrupted.” The utility there is Pacific Gas and Electric, aka PG&E, which did indeed cut power… Continue reading No You Can’t Power Your House With Your Electric Car