Tag: Uber

Uber sold its food delivery business in India to Zomato for $206M

Uber sold its food delivery business in India to the local rival Zomato for $206 million, the American ride-hailing company disclosed in a regulatory filing in one of its key overseas markets. In January, Uber announced that it had sold the India business of Uber Eats to Zomato for a 9.99% stake in the loss-making… Continue reading Uber sold its food delivery business in India to Zomato for $206M

Ride-Hailing Apps Create 69% More Emissions than Trips They Replace

With ride-hailing services now providing more trips nationally than taxis, the growth of ride-hailing has directly contributed to increased local pollution and exacerbated traffic congestion in dense urban areas. Photo via Uber. Ride-hailing companies like Uber and Lyft have experienced exponential growth in a short period of time. The expansion of these services is changing… Continue reading Ride-Hailing Apps Create 69% More Emissions than Trips They Replace

Facebook Messenger ditches Discover, demotes chat bots

Chat bots were central to Facebook Messenger’s strategy three years ago. Now they’re being hidden from view in the app along with games and businesses. Facebook Messenger is now removing the Discover tab as it focuses on speed and simplicity instead of broad utility like China’s WeChat. The changes are part of a larger Messenger… Continue reading Facebook Messenger ditches Discover, demotes chat bots

Gojek-Grab merger makes sense but hurdles mar its path

JAKARTA — Cutthroat rivals that have helped to drive Southeast Asia’s rapid digitization by burning through cash and preventing each other from moving toward the startup world’s new goal, profitability, are now talking about a common solution. Indonesia-based Gojek and Singapore-based Grab, have “casually” discussed merger options, according to two people familiar with the matter.… Continue reading Gojek-Grab merger makes sense but hurdles mar its path

Glowing Amphibians, Extreme Weather Satellites, and More News

Frogs are reflecting and satellites are detecting, but first: a cartoon about self-driving without a license. Here’s the news you need to know, in two minutes or less. Want to receive this two-minute roundup as an email every weekday? Sign up here! Today’s News Amphibians glow. Humans just couldn’t see it—until now New research in… Continue reading Glowing Amphibians, Extreme Weather Satellites, and More News

E-bike startup Wheels lays off staff as dockless micromobility struggles continue

Wheels, a Los Angeles-based startup that rents electric bikes in over a dozen cities, is laying off 6 percent of its staff, The Verge has learned. The company is the latest micromobility firm to shed employees in the quest to find a profitable business model. Wheels was founded in early 2019 by Jonathan and Joshua… Continue reading E-bike startup Wheels lays off staff as dockless micromobility struggles continue

DoorDash, the $13B on-demand food delivery startup, says it has confidentially filed for an IPO

The on-demand food delivery wars continue to heat up in the U.S. DoorDash announced today that it has filed confidentially to go public. The company noted that its Form S-1, a draft registration statement, was filed with the SEC and is now being reviewed. It did not say how many shares it would potentially sell,… Continue reading DoorDash, the $13B on-demand food delivery startup, says it has confidentially filed for an IPO

GM’s Cruise cleared to carry passengers in self-driving cars in California

Cruise LLC, the autonomous-vehicle unit of General Motors Co., has been cleared to carry passengers in California. The company has been authorized by the California Public Utilities Commission. to transport passengers in test self-driving vehicles on public highways in California.  Cruise’s self-driving cars will be required to be operated by a human who has been issued a test vehicle operator permit by the… Continue reading GM’s Cruise cleared to carry passengers in self-driving cars in California

UPDATE 1-SoftBank-backed DoorDash confidentially files for IPO

FILE PHOTO: Cincinnati DoorDash worker Renee Shell delivers an order from Walmart in Cincinnati, Ohio, U.S., July 1, 2018. Photo taken July 1, 2018. REUTERS/Lisa Baertlein (Reuters) – SoftBank-backed (9984.T) food delivery startup DoorDash said on Thursday it had confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission. DoorDash competes… Continue reading UPDATE 1-SoftBank-backed DoorDash confidentially files for IPO