SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended September 30, 2019. “Our results this quarter decisively demonstrate the growing profitability of our Rides segment,” said Dara Khosrowshahi, CEO. “Rides Adjusted EBITDA is up 52% year-over-year and now more than covers our corporate overhead. Revenue growth and take rates… Continue reading Uber Announces Results for Third Quarter 2019
Tag: Uber
Uber beats third-quarter revenue estimates
Nov 4 (Reuters) – Uber Technologies Inc on Monday beat Wall Street estimates for third-quarter revenue, as more people used its ride-hailing and Uber Eats restaurant delivery service. Total revenue rose nearly 30% to $3.81 billion, beating analysts’ average estimate of $3.69 billion, according to IBES data from Refinitiv. Uber’s costs jumped about 33% to… Continue reading Uber beats third-quarter revenue estimates
Angry Travelers Face Long Lines at LAX’s New Rideshare Pickup
For most travelers, wait times for Uber and Lyft rides exceeded an hour. Photo via Brendan C/Flickr. Travelers at Los Angeles International Airport (LAX) faced packed shuttle buses and long wait times using the new Uber, Lyft, and taxi pickup system, according to a report by the Los Angeles Times. For most travelers, wait times… Continue reading Angry Travelers Face Long Lines at LAX’s New Rideshare Pickup
DENSO Reinforces Commitment to Sustainable Mobility in Company Direction Update
KARIYA, Japan, Nov. 1, 2019 /PRNewswire/ — DENSO, the world’s second largest mobility supplier, today announced its second quarter (July-September) financial results for its fiscal year 2019, as well as updates in its business strategy to create and inspire new value for the future of mobility. As part of this strategy, or its ‘Second Founding,’ DENSO continues… Continue reading DENSO Reinforces Commitment to Sustainable Mobility in Company Direction Update
Lyft replaces pricey All-Access monthly plan with Lyft Pink – TechCrunch
When Lyft unveiled its All-Access plan last year, many were taken aback by the hefty price of $299 per month. Now, Lyft is ditching that plan and replacing it with Lyft Pink, which costs just $19.99. The perks of the membership differ, but this lower price point will likely prove to be much more of a… Continue reading Lyft replaces pricey All-Access monthly plan with Lyft Pink – TechCrunch
Introducing Uber ATG’s Self-Driving Safety & Responsibility Board
By: Chan Lieu, Sr. Safety Program Analyst Uber ATG is pleased to announce the creation of our Self-Driving Safety and Responsibility Advisory (SARA) Board. The SARA Board is an independent panel of safety experts charged with reviewing, advising, and suggesting changes to Uber ATG’s self-driving enterprise, including inputs on organizational goals and priorities. We believe… Continue reading Introducing Uber ATG’s Self-Driving Safety & Responsibility Board
Didi opens transit datasets to public for urban planning use
Oct 21, 2019 2 min read Zhang Bo, CTO of Didi Chuxing, spoke at the China National Computer Congress in Suzhou on Friday, Oct. 18, 2019. (Image credit: Didi Chuxing) Chinese ride-hailing giant Didi Chuxing is opening up its significant stores of transit data with the release of two major datasets in order to improve… Continue reading Didi opens transit datasets to public for urban planning use
American drivers warming to self-driving cars- survey
(Reuters) – About 40% of adult Americans drivers are leaning more to buying self-driving cars in the future as they look to snack, chat on their phone or catch up on email while the car drives itself, a survey by Adobe Analytics showed on Wednesday. FILE PHOTO: A Waymo autonomous vehicle (formerly the Google self-driving… Continue reading American drivers warming to self-driving cars- survey
Russia’s Yandex to test driverless cars in U.S. from next summer
MOSCOW, Oct 23 (Reuters) – Russian internet firm Yandex will begin testing its driverless cars in the United States next summer, the company said on Wednesday. As part of the North American International Auto Show in Detroit, to take place from June 6-21, Yandex will provide a driverless taxi service in the city’s business centre.… Continue reading Russia’s Yandex to test driverless cars in U.S. from next summer
Tech side Africa
Did you know? Unicorns do exist in Africa! And they’re really smart too, because they are providing services to thousands of people every day. Particularly in three areas: Fintech, agriculture and mobility. Of course, we aren’t talking about fabulous beasts with a horn, but about the many innovative local start-ups that are creating major advances… Continue reading Tech side Africa