Uber thinks shared rides are key to its future, but getting people to want to share is a “battle” against “societal norms,” Uber CEO Dara Khosrowshahi said Wednesday (April 11) at a panel event in Washington DC.
Uber is launching a rental car network in partnership with Getaround, the ride-hailing company announced today (April 11).
Uber has made its first acquisition under CEO Dara Khosrowshahi: Jump Bikes, a startup that rents out shared electric dockless bikes in San Francisco and Washington DC.
When Christina Bognet pitched the idea for a personalized meal-planning startup in 2012, she told potential investors that one day the company’s services would be covered by health insurers.
Have you ever given an Uber driver five stars who didn’t deserve it? If you’ve ever taken any ride-hailing service, the answer is probably yes.
Uber has rarely encouraged local governments to levy taxes on its service. But in New York, the ride-hailing company has finally found a fee it really, really likes.
Amazon has been having a great year—until today (March 28). The company’s stock tanked up to 7% in afternoon trading—shedding more than $50 billion from its market cap—on a report from online news site Axios that Donald Trump is “obsessed” with Amazon and interested in building an antitrust case against it.
Amazon announced an expansion of its discounted Prime membership for low-income Americans earlier this week, saying its $5.99-a-month program would now also be offered to qualifying recipients of Medicaid.
Some time last month, the Massachusetts Institute of Technology published a two-page brief of a forthcoming paper, “The Economics of Ride-Hailing: Driver Revenue, Expenses and Taxes.” The brief explained that through a “detailed analysis” of survey data, the authors, all affiliates of Stanford University in California, had found that the median profit from driving for Uber or Lyft was $3.37 an hour before taxes—well under minimum wage.
Airbnb said today (March 6) that it has hired Greg Greeley, former vice president of Amazon Prime, to oversee its core business of peer-to-peer home rentals.
The Coalition for Future Mobility, which has been lobbying the US government to get self-driving cars on American roads faster, recently signed up four new members. For a group that mainly represents automakers, tech companies, and the ride-sharing industry, one of the new members stands out: the Wine & Spirits Wholesalers of America.
There’s been a lot of shakeout in the food-delivery business, and it’s not over yet.
Millennial-favorite Venmo is cleaning up its act.
The Wolf of Wall Street could sell anything. In a showroom of Teslas he could sell a used Saturn. At a Michelin-starred restaurant he could talk you into leaving for a McChicken. He could sell a BlackBerry to Steve Jobs and an Old Navy blouse to Anna Wintour. Instead of Black Panther, he could convince you to see Fifty Shades Freed.
Walmart just had its worst day on Wall Street in more than 30 years.
Grocery chain Albertsons, one of America’s largest, plans to acquire Rite Aid in a cash-and-stock deal that will create a company with a combined value of $24 billion. It’s the latest big move by Albertsons, which bought meal-kit startup Plated for an undisclosed sum in September, and partnered with grocery-delivery service Instacart in late November. The deal would give Albertsons a combined 4,900 locations across most of the US, and total revenue of about $83 billion.
Waymo is preparing to launch a ride-hailing service akin to Uber’s, but with driverless cars.
Uber is ready for a less laissez-faire approach to drowsy driving.
Waymo has settled its trade secrets lawsuit against Uber.
Hypothetically speaking, there are certain things that might not look great for a chief executive to have said when things end up in court.
It’s no longer surprising when Amazon does something well. Books, e-commerce, logistics, payments, hardware, data storage, advertising. Amazon does all of this, and does it very well.
Bad news hummus lovers: Prices are going up, at least in the UK.
In 1849, Elizabeth Blackwell became the first woman in the US to earn a medical degree when she graduated from Geneva Medical College, a small school in western New York. She only got in because the male students thought her application was part of a hoax.
It’s been a good run for the US stock market, but it couldn’t go on forever. On Feb. 2, stocks fell by more than 2%, dragging the market to its worst week in two years. The VIX, which measures volatility in the market, climbed. The Dow had its worst day since Brexit. Even tech darlings Google and Facebook saw their market capitalizations slashed by billions.
