For sale: shares in a company that has already burned through $27bn (£20.7bn; €24bn) in cash, will burn through tens of billions more of its new shareholders’ money, has never made a profit and won’t for many years – if ever. Sounds too bad to be true, but that is precisely what is on offer… Read more »
Posts Categorized: Uber
Uber aims for $90bn stock market debut
Uber has revealed that it is seeking a valuation of $90bn (£70bn) in its much anticipated stock market flotation. The taxi-app firm has said that its shares will be priced at between $44 and $50 each, with the share issue set to raise about $10bn. As part of the offer it will sell $500m worth of… Read more »
Singapore’s Grab ends its game-changing year flush with cash
Grab, the most popular ride-hailing app in Southeast Asia, will end 2018 with $3 billion in new funds as it seeks to fend off rivals in a region of more than 600 million people. The Singapore-based startup has raised more than $2.7 billion so far this year and will get to $3 billion “before New Year’s… Read more »
Uber’s Secret Tool for Keeping the Cops in the Dark
At least two dozen times, the San Francisco headquarters locked down equipment in foreign offices to shield files from police raids. Source: BusinessWeek Date: January 16th, 2018 Link: https://www.bloomberg.com/news/articles/2018-01-11/uber-s-secret-tool-for-keeping-the-cops-in-the-dark?cmpid=socialflow-facebook-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=facebook&utm_medium=social Discussion 1) Should it be okay for a U.S. company to be able to avoid local government inspections based on legally obtained search warrants? 2) In what other ways might… Read more »
What Uber Learned from a Year of Self Driving
Ride hailing company Uber took to the streets of Pittsburgh in late 2016 with self-driving cars. Here’s what riders and the company learned from letting robots take the wheel. Source: Wired Magazine Date: January 3rd, 2018 Link: https://www.wired.com/video/what-uber-learned-from-a-year-of-self-driving Discussion 1) Why is a ride-hailing company so focused on self-driving vehicles? 2) Is Uber a tech company, a car… Read more »
Uber signs deal to buy 24,000 autonomous vehicles from Volvo
Uber swung one of the largest deals for autonomous vehicles Monday, ordering 24,000 vehicles from Volvo — a move that is expected to advance the case for self-driving cars on American streets. Passengers can already hail a ride inside a driverless taxi in a small number of U.S. cities — most prominently Pittsburgh — but not… Read more »
Uber’s Plan to Launch Flying Cars in LA by 2020 Really Could Take Off
Instead driving my car in heavy traffic I’d whip out my phone and pull up UberAIR in the company’s app. I’d head to the roof of the nearest tall building and hop into the gleaming white helicopter-drone hybrid thing waiting there to lift me up and over the traffic at 200 mph. Source: Wired Magazine Date: November… Read more »
Uber to share data to help ease city congestion
Uber is launching a website outlining how its cars move around cities, in an effort to appease city authorities who have long called for more data sharing. It will provide data on dozens of cities from next month. Uber’s transportation data could help cities to improve traffic flow. The controversial app-based taxi service had previously… Read more »
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