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Uber-SoftBank deal has closed, making SoftBank largest shareholder

SAN FRANCISCO (Reuters) – A group of investors led by SoftBank Group Corp (9984.T) closed a deal with Uber Technologies Inc on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber.

Read more: https://reut.rs/2DxJLEg

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Uber and Lyft are in a battle for user loyalty, and riders may win

Ride-sharing customers are becoming less loyal.

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Uber just added public transportation to its app

Uber customers who live in Denver may notice something strange when they open the company’s app today: a tiny train car with the word “transit” next to it, sitting atop the list of usual ride-hailing options.

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Uber suspends taxi service in Barcelona after new regulation

FILE PHOTO – The Uber application is seen on a mobile phone in London, Britain, September 14, 2018.

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In brief: Uber launches speedboat services in Mumbai

After entering into the food-delivery business through UberEats, the global taxi aggregator has announced that it will also provide boat services around Mumbai, in partnership with the Maharashtra Maritime Board.

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The Trump presidency is paying off bigly for Uber

Buried by news of the US federal shutdown ending was a government decision that has staggering implications for Uber and companies like it. On Jan.

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Stressed out and at risk: Inside Uber’s special investigations unit

The internal investigators tasked with keeping Uber safe were overworked, underpaid and at times emotionally traumatized as they struggled under the burden of nearly 1,200 cases every week, a confidential internal memo obtained by CNN says.

Read more: https://cnn.it/2DrMFeS

The Cab Ride That Nearly Killed Me Changed How I Think About Ride-Hailing Apps

It looked like a clear win for the hometown company. Founded in a Kuala Lumpur storage room as a taxi-booking app, Grab had moved its headquarters to Singapore and survived Uber’s relentless price wars in the region.

Read more: https://bloom.bg/2RFhh5j

Uber plans to develop self-driving electric scooters and bicycles 

Uber is hiring engineers to develop electric scooters and bicycles which can drive themselves around cities in order to reach customers and charging points.

Read more: http://bit.ly/2CFH3ft

Uber Calls on Europe to Step Up Investment in Public Transport

Uber Technologies is making a new pitch to European officials: invest in public transportation.

Read more: http://bit.ly/2FwbzfG

Upgrade us to deal with Uber war and bad image: taxi industry to Hong Kong government on premium franchise trials

Hong Kong’s taxi industry has made a desperate appeal to the government for an operations upgrade as competition from a proposed premium taxi scheme looms, on top of a bitter rivalry with ride-hailing service Uber.

Read more: http://bit.ly/2FGK42l

Uber adds a ‘clean air fee’ in London to help drivers upgrade to electric cars

London residents who use Uber will have to pay an extra 15 pence (USD $0.19) per mile under the ride-hail company’s new Clean Air plan that was announced Monday.

Read more: http://bit.ly/2FulxOA

In brief: Indonesia to implement minimum ride-hailing rates, limit promos

Indonesia is preparing to launch regulations fixing the rates drivers and riders for ride-hailing services such as Grab and Go-Jek receive, two government officials said this week, creating potential obstacles for the companies’ expansion.

Read more: http://bit.ly/2QK2z7R

Uber’s Confidential Documents Show Path to $90 Billion IPO

Recent Articles Autonomous Vehicles Google Troubled Waymo Worker Shows Human Problems Continue By Amir Efrati Facebook Uber/Lyft Policy Zuckerberg to Have Biggest Impact on Tech in 2019, Subscribers Say By Wendy Pollack Markets The Other Winners of Tech’s Big IPOs By Cory Weinberg Uber/Lyft What W

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Uber reaches tentative settlement with drivers arbitrating over employment status and expense reimbursement

Uber is reportedly on track to go public in the first quarter next year, and in the lead up to that, it’s sewing up some loose ends.

Read more: https://tcrn.ch/2AmCVR1

Uber confidentially files for IPO a day after Lyft

(Reuters) — Uber Technologies has filed paperwork for an initial public offering, according to three people with knowledge of the matter, taking a step closer to a key milestone for one of the most closely watched and controversial companies in Silicon Valley.

Read more: http://bit.ly/2E81u7c

Uber’s Self-Driving Cars Are Set to Return in a Downsized Test

SAN FRANCISCO — Eight months after one of Uber’s self-driving cars struck and killed a pedestrian, the ride-hailing company is close to putting its autonomous vehicles back on the road in a drastically reduced version of earlier efforts.

Read more: https://nyti.ms/2QjKYYT

Uber’s India business has topped $1.6 billion in annualized bookings, according to internal email

Uber has been selling off its local businesses in big emerging markets like China and Southeast Asia. But the company’s India unit isn’t going anywhere.

Read more: https://cnb.cx/2RyJUNt

New York Adopts Nation’s First Pay Floor for Uber, Lyft, and Other Rideshare Drivers

Today, New York’s City’s Taxi and Limousine Commission approved measures to enact minimum pay requirements for app-based for-hire vehicles (FHV) like Uber, Lyft, and Juno. The new pay structure is set to take effect early in the new year. The $26.

Read more: http://bit.ly/2Rv3RVb

Uber fined nearly $1.2 million by British and Dutch authorities for 2016 data breach

Uber was fined a combined $1.17 million by British and Dutch authorities Tuesday for a 2016 data breach that exposed the personal details of millions of customers. The U.K.

Read more: https://cnb.cx/2UdXt6K

Uber Exploring Deal to Buy Bird or Lime

Uber has held talks recently with electric scooter rental startup Bird to acquire the company in what could be a multibillion-dollar deal, said several people briefed on the discussions.

Read more: http://bit.ly/2ASfmiJ

Uber Is Reworking Its Playbook for World Domination

Sitting in his glass-walled office in Berlin with an open suit jacket, casually tieless, Christoph Weigler looks every bit the part of a Silicon Valley startup executive. But the Uber general manager for Germany isn’t talking about dominance or disruption.

Read more: https://bloom.bg/2AzR0tZ

Meet Uber’s newly promoted chief product officer, Manik Gupta

Manik Gupta got his first taste of solving logistics nightmares when, fresh out of college, he was delivering Palm Pilots around Singapore. He’d started a precursor to Groupon called BuyItTogether. “We were a full-stack marketplace where we were also delivering the goods.

Read more: https://tcrn.ch/2K9G8av

Uber continues to lose money as it scales scooters, bikes and other newer businesses

Uber, which is expected to go public sometime next year, just released its Q3 2018 financial results. Uber’s net losses increased 32 percent quarter over quarter to $939 million on a pro forma basis, though Uber expected these losses as it continues to invest in future growth areas.

Read more: https://tcrn.ch/2BclDXR

What Happens When Gig-Economy Workers Become Employees

Ever since the emergence of companies like Uber and Lyft, businesses and labor advocates have engaged in an endless, largely theoretical debate about whether classifying workers as independent contractors—responsible for setting their own hours and paying for their own insurance, mileage, and

Read more: http://bit.ly/2O26LDa

Uber香港區總經理佘雋知離職

Uber發言人證實,香港區總經理佘雋知於上周五已離職。(資料圖片) Uber在港經營一直未合法化,任職4年的Uber香港區總經理佘雋知卻於上周五離職。Uber發言人指出,佘雋知基於其他發展機會辭任,香港業務暫由亞太區總經

Read more: http://bit.ly/2NP23Ie

Lyft Is Said to Hire Adviser to Prepare for Targeted 2019 IPO

Lyft Inc., the second-biggest U.S. ride-hailing company, has started the process for an initial public offering in an effort to beat Uber Technologies Inc. to the public markets, people familiar with the matter said.

Read more: https://bloom.bg/2NE93UR

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