Posts filtered by tags: Uber[x]


Walmart+ takes on Prime by dropping $35 minimum on purchases

Walmart+, the retailer’s lower cost alternative to Amazon Prime offering same-day delivery of groceries and other items, is making its service more appealing with today’s launch of a new perk. The company says that starting on Friday, December 4, it will remove the $35 shipping minimum on orders from for its members. However, this doesn’t apply to the same-day orders of groceries or other items fulfilled by Walmart stores, but rather online shopping where orders are placed thro...
Tags: Amazon, Food, Ecommerce, Uber, Tech, Walmart, Amazon Prime, Online Shopping, United States, Retailers, Streaming Video, Instacart, E-books, Postmates, Doordash, Online Food Ordering

DoorDash aims to add $11 billion to its valuation during public offering

This morning, DoorDash filed a new S-1 document, this time updating the market about the price it expects to command during its public offering. The food-delivery giant gave a range of $75 to $85 per share, which would revalue the company sharply higher than its final private price, set during a June Series H that valued DoorDash at $16 billion. The company intends to sell 33 million shares, raising between $2.475 billion and $2.805 billion in the process. Notably, there are no shares set asi...
Tags: Fundings & Exits, Startups, TC, Uber, Tech, Cnbc, Uber Eats, Exchange, Doordash, The Exchange, HungryPanda

India sets rules for commissions, surge pricing for Uber and Ola

Ride-hailing firms such as Ola and Uber can only draw a fee of up to 20% on ride fares in India, New Delhi said in guidelines on Friday, a new setback for the SoftBank-backed firms already struggling to improve their finances in the key overseas market. The guidelines, which for the first time bring modern-age app-based ride-hailing firms under a regulatory framework in the country, also put a cap on the so-called surge pricing, the fare Uber and Ola charge during hours when their services se...
Tags: Uber, Apps, Asia, Government, India, Softbank, Tech, Bangalore, Ola, India NEW DELHI, RedSeer, Ujjwal Chaudhry

Uber refused permission to dismiss 11 staff at its EMEA HQ

Uber has been refused permission to dismiss 11 people at its EMEA headquarters in Amsterdam by the Dutch Employee Insurance Agency (UWV), the ride hailing company has confirmed. The affected individuals did not take up an earlier severance offer as part of wider Uber layoffs earlier this year. Uber announced major global layoffs of around 15% of its workforce in May — which included around 200 staff based in Amsterdam — blaming the cuts on changes to demand caused by the coronavirus pandemic....
Tags: Transportation, Uber, Europe, Layoffs, Tech, Amsterdam, NRC, Ride Hailing, EMEA, Coronavirus, Dutch Employee Insurance Agency, EMEA Headquarters

The Station: Lime scoots towards profitability, a framework for AVs, and another electric vehicle SPAC

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi folks, welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. Let’s get right to it. Companies tried to pack in the news before the Thanksgiving holiday, which means we have a lot to um, digest. Email me anytime at [email protected] to share...
Tags: Transportation, Uber, Europe, UK, Milan, Colorado, Indonesia, Washington, Israel, San Francisco, Tech, General Motors, Atlanta, Barcelona, Indiana, Intel

Former Sequoia Partner Amy Sun has already raised millions for her stealthy startup

Former Sequoia partner Amy Sun, who left the famed venture capital firm just months ago, has already raised $3.8 million for her new startup, Daylight Labs, SEC filings show. Daylight Labs will be creating a solution to help gig economy workers make more money, Sun hints to TechCrunch. Still in the early product development stages, the startup began during the pandemic when Sun noticed how many industries were “completely decimated” by the crisis. “How can you leverage technology to create new w...
Tags: Fundings & Exits, Startups, TC, Facebook, Lyft, Uber, Microsoft, California, Tech, Austin, Harvard, Sun, SEC, Sequoia Capital, Sequoia, Facebook Stories

Human Capital: Uber’s Black employee base shrinks

Welcome back to Human Capital, where I break down the latest in diversity, equity and inclusion, and labor in tech. TL;DR: This week, Apple announced its third head of diversity and inclusion in four years, Uber’s Black employee base shrunk despite the company committing to anti-racism and Reddit brought on its second Black board member this year.  Meanwhile, Facebook’s content moderators spoke out against the company for forcing some of them to work in the office during a pandemic and a ne...
Tags: Apple, Startups, Facebook, Uber, Labor, Obama, Buzzfeed, San Francisco, Linkedin, Diversity, Tesla, Intel, United States, Reddit, Deutsche Bank, Alexis Ohanian

The life and career of Tony West, the Uber executive married to Kamala Harris' sister, and who may be in the running for a role in the Biden administration

Tony West in 2009. Scott J. Ferrell/Congressional Quarterly/Getty Images Tony West, Uber's chief legal office, is reportedly in play for the role of Attorney General in the Biden administration, according to Insider.  If appointed, he'd be the highest-profile Silicon Valley exec to play a key role in national politics.  West served in the Justice Department during both the Clinton and Obama administrations before leaving government to work at PepsiCo.  He joined Uber in 2017 to help clean ...
Tags: Google, Uber, Obama, Eric Holder, California, Washington Post, Washington, Stanford, Senate, White House, US, Oakland Raiders, San Francisco, Trends, Joe Biden, Features

Despite commitment to anti-racism, Uber’s Black employee base has decreased

Uber today released its latest diversity report, showing a decline in the overall representation of Black employees in the U.S. despite an increased focus on racial justice this year in the wake of the police killing of George Floyd. In 2019, Uber was 9.3% Black while this year, only 7.5% of its employees are Black. Uber attributes the decline in Black employees to its layoffs earlier this year, where about 40% of its employees in community operations were laid off, Uber Chief Diversity Offic...
Tags: Uber, California, San Francisco, Tech, Black, Lee, AB, Dara, UC Santa Cruz, Pacific Islander, Dara Khosrowshahi, Latinx, Bo Young Lee, George Floyd, Kurt Nelson, Uber 's Black

Lime touts a 2020 turnaround and 2021 profitability

Micromobility company Lime says it has moved beyond the financial hardship caused by the COVID-19 pandemic, reaching a milestone that seemed unthinkable earlier this year. In short, the company is now largely profitable. Lime said it was both operating cash flow positive and free cash flow positive in the third quarter — a first — and is on pace to be full-year profitable, excluding certain costs (EBIT), in 2021. During the WSJ Future of Everything event Thursday, Lime CEO Wayne Ting painte...
Tags: Fundings & Exits, Startups, Transportation, Mobile, Uber, Tech, Paris, Bird, Lime, GAAP, EBIT, Wayne Ting, COVID Ting

Greece’s Marathon Venture Capital completes first close for Fund II, reaching $47M

Marathon Venture Capital in Athens, Greece has completed the first closing of its second fund, reaching the €40m / $47M mark. Backing the new fund is the European Investment Fund, HDBI, as well as corporates, family offices and HNWIs around the world (plus many Greek founders). It plans to invest in Seed-stage startups from €1m to 1.5m initial tickets for 15-20% of equity. Team changes include Thaleia Misailidou being promoted to Principal, and Chris Gasteratos is promoted to Associate. Marat...
Tags: TC, Uber, Europe, New York, London, Money, Greece, Finance, Berlin, San Francisco, Tech, Investment, Athens, Venture Capital, Mitt Romney, Mobility

Virtual HQs race to win over a remote-work-fatigued market

In retrospect, 2019 feels like the working world’s last dance with spontaneity. The pre-pandemic past is rife with conferences, running into co-workers and post-work happy hours. Now, as companies such as Microsoft and Twitter declare remote work as the future, the very existence of physical offices is unclear for the long-term. Yet, to a growing number of entrepreneurs in the Valley, when one physical door closes, a virtual one opens. With the goal of making remote work more spontaneous, there ...
Tags: Apple, Startups, TC, Uber, Twitter, Microsoft, Future Of Work, Tech, Remote Work, Minecraft, Gumroad, Branch, Josh Elman, Travis Scott, Dayton, Valley

Nigeria’s Autochek raises $3.4M for car sales and service platform

Nigeria based startup Autochek looks to bring the sales and servicing of cars in Africa online. The newly founded venture has closed a $3.4 million seed-round co-led by TLcom Capital and 4DX ventures toward that aim. The raise comes fresh off of Autochek’s September acquisition of digital car sales marketplace Cheki in Nigeria and Ghana. It also follows the recent departure of Autochek CEO Etop Ikpe from Cars45 — the startup he co-founded in 2016, now owned by Amsterdam based OLX Group. That’s a...
Tags: TC, Uber, Entrepreneurship, Mexico, Berlin, Nigeria, Africa, Entrepreneur, Tech, Ceo, South Africa, Amsterdam, Kenya, Private Equity, Goldman Sachs, Algeria

Uber is reportedly in talks to sell its self-driving vehicle division to a startup run by former Uber, Tesla, and Google executives and backed by Amazon

Uber Uber is in talks to sell its self-driving vehicle division, ATG, to autonomous vehicle startup Aurora, TechCrunch reported Friday. ATG has been hobbled by a deadly crash, infighting, and unreliable tech — leading investors to lose patience and sparking rumors the company would try to offload the struggling unit. Despite a previous $7.25 billion valuation, ATG was facing an upcoming investment round that would have valued it at less than that, according to TechCrunch, as Uber has doub...
Tags: Google, Amazon, Transportation, Uber, Softbank, Trends, Markets, Tesla, Bloomberg, Mobility, Toyota, Autonomous Vehicles, Self-driving Car, Phoenix, Aurora, ATG

Uber in talks to sell ATG self-driving unit to Aurora

Eighteen months ago, Uber’s self-driving car unit, Uber Advanced Technologies Group, was valued at $7.25 billion following a $1 billion investment from Toyota, DENSO and Softbank’s Vision Fund. Now, it’s up for sale and a competing autonomous vehicle technology startup is in talks with Uber to buy it, according to three sources familiar with the deal. Aurora Innovation, the startup founded by three veterans of the autonomous vehicle industry who led programs at Google, Tesla and Uber, is i...
Tags: Google, TC, Uber, Texas, Montana, Softbank, Tech, General Motors, Automotive, Toyota, Travis Kalanick, Carnegie Mellon, Fiat Chrysler, Aurora, Lewandowski, VW Group

Getaround tops up $25M debt financing to its $140M Series E

Silicon Valley peer-to-peer car rental startup Getaround has secured a $25 million loan from Horizon Technology Finance Corporation. The financing announcement comes one month after Getaround raised $140 million from investors, including SoftBank Vision Fund, Menlo Ventures, Reid Hoffman and Mark Pincus’ Reinvent Capital. Getaround’s raise signals that the company is looking for new ways to secure cash without further diluting executives or investors. A Getaround spokesperson said “Horizon...
Tags: Fundings & Exits, Startups, Uber, Ipo, Tech, Debt, Reid Hoffman, Silicon Valley, Getaround, Mark Pincus, Debt Financing, Sam Zaid, Paycheck Protection Program, SoftBank Vision Fund Menlo Ventures, Horizon Technology Finance Corporation, Dan Devorsetz Horizon

Here's All the Big Tech-Linked Advisors on Biden's Transition Team

On Tuesday, President-elect Joe Biden announced his administration’s transition team, including the list of agency review team members that will help his White House “hit the ground running on Day One.” It also, by all indications, includes a deeper bench of big tech figures than any transition team prior.Read more...
Tags: Amazon, Lyft, Uber, Politics, Science, Technology, Government, White House, Linkedin, Tech, Joe Biden, Dropbox, Airbnb, Dell, Salesforce, Biden

Lyft sees ride revenues recover by nearly 50% in just three months

Shares of Lyft are riding high, popping more than 7% in after-hours trading today after the American ride-hailing giant reported its Q3 earnings. Lyft, which competes with Uber for rideshare, reported revenues of $499.7 million in third-quarter, a 48% drop from the $955.6 million in same year-ago period. That lackluster result is still a 47% improvement over last quarter when Lyft reported $339.3 million in revenue. That’s good? Investors were heartened by the improvement and Lyft’s abilit...
Tags: TC, Lyft, Uber, Tech, Green, Automotive, Earnings, Logan Green, Uber Lyft, COVID

Uber will now let users book rides 30 days in advance and pick a favorite driver

Uber is rolling out a new feature this week that will let users reserve rides up to 30 days in advance and pick their favorite driver for the trip as the ride-hailing company seeks out new ways to attract customers during the COVID-19 pandemic. The new option called Uber Reserve, which will begin to show up on the app in the next week, is designed for users who want to book a ride at least two hours in advance. Uber said it will keep its current “schedule a ride” option for those trips that f...
Tags: Uber, Tech, Automotive, Reserve, TechCrunch Uber, Uber Black and Black SUV, Uber Reserve, Holley Beasley, Geoff Tam Scott, Tam Scott

Uber has its highest close since IPO

Uber shares surged 7.38% to close at $48.18 following news that a vaccine candidate is 90% effective at preventing COVID-19, and could start coming to market in a matter of months. The announcement by drugmakers Pfizer and BioNTech sparked widespread optimism and helped boost shares across industries that have been weakened by the COVID-19 pandemic, including services like ride-hailing. Uber’s share pop is notable beyond this one-day vaccine-news boost. This is the highest close for Uber sinc...
Tags: Transportation, Uber, California, Ipo, Tech, Automotive, Pfizer, Uber Lyft

Transportation on the ballot, Softbank parks its money in REEF and Tesla Tequila arrives

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. What.A.Week. Shall we dig in? Email me anytime at [email protected] to share thoughts, criticisms, offer up opinions or tips. You can also send a direct message to me at Twitter — @kirstenk...
Tags: Apple, Amazon, Transportation, Lyft, Uber, UK, Indonesia, California, Washington, China, Germany, Massachusetts, Softbank, Tech, Information, Tesla

The Station: Transportation on the ballot, SoftBank parks its money in REEF and Tesla Tequila arrives

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. What.A.Week. Shall we dig in? Email me anytime at [email protected] to share thoughts or criticisms, or offer up opinions or tips. You also can send a direct message to me on Twitter — @kir...
Tags: Apple, Amazon, Uber, Indonesia, California, Washington, China, Germany, Massachusetts, Softbank, Tech, Tesla, Joe Biden, United States, Porsche, Gm

Uber and Lyft Will Push For More Laws Classifying Drivers as Independent Contractors

"Uber helped wage a $200 million war in California to keep drivers as contractors," notes the Washington Post — successfully funding a ballot proposition that overrides a high-stakes 2019 law which insisted drivers be considered employees. "But now that the ballot measure has passed, the company says its work isn't done..." The ride-hailing giant's CEO said Thursday that Uber is looking to expand the model to other states, joining an executive from rival Lyft who said something similar earli...
Tags: Lyft, Uber, Post, California, Washington Post, Tech, Dara Khosrowshahi

The gig economy, cannabis and car data are tech-election winners in 2020

Editor’s note: Get this free weekly recap of TechCrunch news that any startup can use by email every Saturday morning (7 a.m. PT). Subscribe here. The US is settling in for some new form of national gridlock, but state and local propositions are busy defining how technology businesses will be allowed to work (legally) in the US. Policies on topics as broad as customer usage and employment or as narrow as a drug chemical got the vote across the country. The results provide a blueprint for what yo...
Tags: Apple, Startups, TC, Facebook, Lyft, Uber, Florida, UK, California, China, Massachusetts, US, Tech, Cnn, United States, SEC

Provizio closes $6.2M seed round for its car safety platform using sensors and AI

Provizio, a combination hardware and software startup with technology to improve car safety, has closed a seed investment round of $6.2million. Investors include Bobby Hambrick (the founder of Autonomous Stuff); the founders of Movidius; the European Innovation Council (EIC); ACT Venture Capital. The startup has a “five-dimensional” sensory platform that — it says — perceives, predicts and prevents car accidents in real time and beyond the line-of-sight. Its “Accident Prevention Technology Platf...
Tags: Google, Startups, TC, Uber, Europe, Tech, Artificial Intelligence, Automotive, Machine Learning, Self-driving Cars, Science and Technology, Car Accidents, Emerging-technologies, Carnegie Mellon, Car Safety, Aurora

After Prop 22’s passage, Uber is taking its lobbying effort global

Fresh off of its success on Election Day, Uber is signaling that it will continue to push laws similar to the Proposition 22 measure approved by California voters that will keep gig workers classified as independent contractors. The ride-hailing company’s ambitions for laws that preserve its business model are global. Uber CEO Dara Khosrowshahi said Thursday during an earnings call with analysts that the company will “more loudly advocate for laws like Prop 22.” He later added that it will be...
Tags: TC, Uber, California, Tech, California State Legislature, Dara Khosrowshahi, Khosrowshahi, Postmates Uber

Huge delivery demand fails to stop Uber’s revenue from shrinking in Q3

Despite surging delivery demand, Uber’s third-quarter ultimately failed to meet investor revenue expectations in the third quarter. Uber reported gross bookings of $14.7 billion, in the period, a decline of 10% compared to the year-ago quarter. That level of platform spend generated revenue of $3.1 billion for the company, down 18% from a year-ago result. Analysts had expected the company to report revenues of $3.2 billion. The company’s top line miss was partially ameliorated by an earning...
Tags: TC, Uber, Tech, Canada, United States, Latin America, EMEA, EBITDA, APAC, Dara Khosrowshahi, Khosrowshahi

Study shows cities with ride-hailing services report lower rates of sexual assault

Dr. Min-Seok Pang Contributor Share on Twitter Dr. Min-Seok Pang is an Associate Professor of Management Information Systems and Milton F. Stauffer Research Fellow at Temple University's Fox School of Business. Dr. Jiyong Park Contributor Dr. Jiyong Park is an Assistant Professor of Information Systems at the Bryan School of Business and Economics, University of North Carolina at Gree...
Tags: TC, Transportation, Lyft, Uber, Column, London, NYC, New York City, Tech, Manhattan, Bronx, Public Transportation, Ridesharing, Ride Hailing, Temple University, Milton

Shares of Uber, Lyft soar on expected passage of California gig-labor ballot measure

Shares of American ride-hailing giants Uber and Lyft are sharply higher in pre-market trading this morning on the expected passage of Proposition 22, a California ballot measure that allow tech-enabled, on-demand companies to continue classifying gig-workers as independent contractors. Shares of Uber are up 11.88% in pre-market trading, while shares of Lyft — which is more heavily dependant on the U.S. market, and thus California — is up a staggering 14.9% before the market open today. Tec...
Tags: Google, TC, Lyft, Uber, California, Softbank, Tech, Automotive, Postmates, Doordash, Eastern Time, Shares of Uber, Prop 22

California passes Prop 22 in a major victory for Uber and Lyft

Measure was backed by some of Silicon Valley’s most powerful tech companies and became most expensive campaign in state historyUber and Lyft have won a major victory in their battle to continue classifying drivers as contractors, not employees, following the passage of a ballot measure that exempts them from a California labor law. Continue reading...
Tags: Lyft, Uber, Technology, California, US news, Sharing Economy, Silicon Valley, Gig Economy

show more filters
October - 2020
November - 2020
December - 2020