Uber’s IPO is expected to raise $9 billion. Photo via Uber. Uber and Lyft drivers across the globe are planning a walk out Wednesday to protest working conditions and wages, the Washington Post reports. The strike, planned ahead of Uber’s Friday initial public offering (IPO), is being backed by the New York Taxi Workers Alliance.… Continue reading Ride-Hailing Drivers Plan Strike
Tag: Uber
As IPO looms, Uber clings to hard-knuckled tactics in pursuit of growth
SAN FRANCISCO/ CAPE TOWN (Reuters) – Uber co-founder and former CEO Travis Kalanick used to tell investors he liked to keep his company teetering between order and chaos. A traffic official checks an impounded Uber vehicle during a clampdown on drivers operating without permits in Cape Town, South Africa, May 4, 2019. REUTERS/Sumaya Hisham By… Continue reading As IPO looms, Uber clings to hard-knuckled tactics in pursuit of growth
Uber and Lyft drivers are striking ahead of Uber’s IPO
With Uber expected to make its debut on the public market by Friday, May 10, on-demand ride-hailing drivers are planning to strike on Wednesday. The New York Taxi Workers Association is calling on U.S.-based drivers to stand in solidarity with drivers in London and log off from both Uber and Lyft on May 8 between… Continue reading Uber and Lyft drivers are striking ahead of Uber’s IPO
Lyft Says It’s ‘Not in the Transportation Business,’ So Disability Law Doesn’t Apply – Gizmodo
Photo: Mario Tama (Getty) We’re in the season of multi-billion-dollar rideshare IPOs where the spotlight is on global and unprofitable transportation companies like Lyft and Uber as they try to get into the black. Let’s check in with how the process is unfolding. Excuse me, I’m sorry, my notes here say that actually, Lyft is… Continue reading Lyft Says It’s ‘Not in the Transportation Business,’ So Disability Law Doesn’t Apply – Gizmodo
Liam O’Connor, hired to help build Lyft’s bike and scooter business, has left after 7 months
The emerging business of offering bikes and scooters on demand has not always been very smooth, and today comes one of the latest bumps: TechCrunch has learned and confirmed that Liam O’Connor, an executive hired to help transportation company Lyft build its bike and scooter operations, has left after seven months with the newly-public company.… Continue reading Liam O’Connor, hired to help build Lyft’s bike and scooter business, has left after 7 months
UPDATE 3-U.S. rejects Tesla bid for tariff exemption for Model 3 ‘brain’
WASHINGTON (Reuters) – U.S. trade officials rejected Tesla Inc’s bid for relief from President Donald Trump’s 25 percent tariffs on the Chinese-made computer “brain” of its Model 3 electric vehicles, one of more than 1,000 product denials linked to China’s industrial development plans. FILE PHOTO: A 2018 Tesla Model 3 electric vehicle is shown in… Continue reading UPDATE 3-U.S. rejects Tesla bid for tariff exemption for Model 3 ‘brain’
U.S. rejects Tesla bid for tariff exemption for Model 3 ‘brain’
WASHINGTON (Reuters) – U.S. trade officials rejected Tesla Inc’s bid for relief from President Donald Trump’s 25 percent tariffs on the Chinese-made computer “brain” of its Model 3 electric vehicles, one of more than 1,000 product denials linked to China’s industrial development plans. FILE PHOTO: A 2018 Tesla Model 3 electric vehicle is shown in… Continue reading U.S. rejects Tesla bid for tariff exemption for Model 3 ‘brain’
SoftBank mulls IPO of $100 billion Vision Fund: source
(Reuters) – Japan’s SoftBank Group Corp is considering an initial public offering of its $100 billion Vision Fund, a source familiar with the matter said on Friday. FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo The fund was set… Continue reading SoftBank mulls IPO of $100 billion Vision Fund: source
Indonesia’s trucking solutions platform Ritase raises Series A capital
May 3, 2019 Indonesian trucking service platform Ritase has raised an undisclosed amount in a Series A funding round to facilitate its business plans. The capital raised will be used for geographical expansion, as the company plans to foray into two new regional markets this year, it announced at a media event. Even as the… Continue reading Indonesia’s trucking solutions platform Ritase raises Series A capital
TransitScreen Raises $3M in Funding
TransitScreen, a Washington, DC-based provider of real-time transportation information software, closed a $3m funding round. Backers included Timia Capital. bringing the total to The company, which has raised $6.1m in total funding, intends to use the funds to enhance the capabilities of its mobile app CityMotion, continue hiring and increase its office space in Washington,… Continue reading TransitScreen Raises $3M in Funding