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+20 +1
How Uber is ending the dirty dealings behind Toronto's cab business
On the streets of Toronto, there’s a story that’s gone on for way too long – the dirty dealings behind the cab business. But things are changing. Let’s have a look. In September 2012, one of Toronto’s taxi licenses sold for $360,000. As it turned out, this was a peak that presaged a major slide. By 2013, the average selling price of a cab plate had fallen to $153,867. In 2014, it was $118,235.
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+31 +1
Yes, Uber Lost a Lot of Money -- And It Will Lose More
Leaked Uber financials from 2012 to 2014 show that the company lost a ton of money during those years. That’s no surprise: Another set of leaked numbers, published earlier this year by Bloomberg, showed the company had losses of $470 million on sales of $415 million. And its losses are likely to keep growing, as it expands further in China, a market it entered in late 2013.
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+2 +1
UberX Announces 10% Price Hike In Australia Following ATO Ruling
Amidst a landmark legal battle and ruling by the Australian Taxation Office against Uber, the ride-sharing startup has announced a price increase of 10% for UberX rides in Australia overnight.
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+60 +1
Tesla likely to supply cars to Uber in the nearterm and Uber would buy 500,000 cars if Tesla can make them fully self driving
According to Charged EVs, that accounts for every model Tesla would be able to create in the auto’s first year. Jurvetson also discussed the benefits of embracing the driving technology Tesla is developing, saying that the cars are an ideal way to eliminate traffic gridlock, get people moving more efficiently, and provide an exceptionally safe commute to travelers. “I believe they are already safer than my parents,” Jurvetson said of the “robocars”, “and I would trust my kids with them.”
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+22 +1
Uber accused of hiring murderer as driver
On-demand taxi service Uber often trumpets its driver-vetting system as market leading, but it has been claimed that a murderer slipped through the net in the US. A complaint filed by the San Francisco district attorney's office says 25 drivers with criminal records were allowed to drive for the ride-hailing service.
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+21 +1
Uber Plans To Go Public In 18-24 Months, According To Leaked Presentation
Uber could become a public company as soon as next year or 2016, according to a leaked document published in a report from Reuters. The news agency gained access to a presentation that Uber is showing to potential investors in China as part of a new funding round for its international business.
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+19 +1
Uber hires two security researchers to improve car technology
Uber Technologies Inc [UBER.UL] has hired two top vehicle security researchers, the company said on Friday, high-profile additions that come as the ride-hailing service ramps up its work on technology
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+19 +1
Mad Max Ubers Are Driving Around Seattle
If you live in Seattle and you need a ride to Valhalla, you’re in luck. The driver-on-demand app Uber is running a promotion with the new Mad Max video game that puts passengers inside post-apocalyptic-inspired vehicles.
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+24 +1
Uber driver 'dragged passenger out of car and ran over her'
A woman suffered a broken leg and blood clot after she was allegedly attacked by an Uber driver in Australia. Sascha Pangallo, from Queensland, ordered a car from the app-based service on Friday evening – but claims to have been dragged from the car and attacked, before being run over as the driver tried to escape. In a Facebook post explaining her ordeal, she wrote...
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+24 +1
Kidnappers are posing as Uber drivers
"Never get into a car with a stranger," is the mom-and-dad mantra many of us grew up with, but one little smartphone app has made millions of users forget that age-old wisdom with some very scary consequences. Over the past month, there have been two incidents of pretend Uber drivers nearly kidnapping unsuspecting women, the website Fusion reported.
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+1 +1
Uber Would Like to Buy Your Robotics Department
In the center of the lab, CHIMP stretched out one huge arm, then gracefully unfurled its three metal fingers, as if about to beckon someone. On its head, two rapidly rotating laser scanners enabled it to monitor its surroundings, but the engineers standing nearby were wary nonetheless. If the robot — a five-foot-tall, crimson-colored humanoid machine designed to emulate the complex movements of the human body...
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+52 +1
Uber checks connections between hacker and Lyft
Eight months after disclosing a major data breach, ride service Uber [UBER.UL] is focusing its legal efforts on learning more about an internet address that it has persuaded a court could lead to identifying the hacker. That address, two sources familiar with the matter say, can be traced to the chief of technology at its main U.S. rival, Lyft.
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+30 +1
Taco Bell exec out after alleged Uber car assault
A man was caught on video being pepper sprayed after appearing to attack an Uber driver in Southern California.
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+47 +1
In pilot program, Uber is setting drivers up with rental cars
Uber is partnering with Enterprise to rent cars to potential Uber drivers for $210 a week in a pilot program that’s launching this week in Denver, Colorado. The ride-share service is targeting potential drivers who either don’t have a car or whose car can’t be used under Uber’s standards—drivers’ cars must be in good condition and under 15 years old.
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+32 +1
Lyft, Didi, Ola And GrabTaxi Partner In Global Tech, Service Alliance To Rival Uber
As Uber ramps up its business globally with yet more money, four of its regional rivals are getting closer to each other in a bid for more scale and service continuity. Lyft in the U.S., Didi Kuaidi in China, Ola in India and GrabTaxi in SouthEast Asia have now inked a strategic partnership to work together on technology and services. This will begin with customers of each company able to use their local apps to order transportation when they travel to the other markets in the...
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+38 +1
Angry French Uber drivers have created their own Uber
For months, it seemed as if taxi unions and regulations would pose the biggest threat to Uber's expansion in France. Widespread protests crippled major cities earlier this year, and a recent court ruling forced Uber to shutter its UberPop low-cost service. Now, the ride-hailing company is facing resistance from a more unlikely source: its own Parisian chauffeurs.
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+27 +1
On the Road to Nowhere
Uber drivers are getting creative in their fight for basic workplace rights. By Steven Greenhouse.
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+20 +1
Meet "Sledgehammer Shannon," the lawyer who is Uber’s worst nightmare
In early 2012, on a visit to San Francisco, Shannon Liss-Riordan went to a restaurant with some friends. Over dinner, one of her companions began to describe a new car-hailing app that had taken Silicon Valley by storm. "Have you seen this?" he asked, tapping Uber on his phone. "It's changed my life." Liss-Riordan glanced at the little black cars snaking around on his screen. "He looked up at me and he knew what I was thinking," she remembers.
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+18 +1
Uber 'surge' hangover: $500 for a 20-minute cab ride?
Uber warned on its website that New Year’s Eve customers should not be surprised by “surge pricing” due to the high holiday demand. And, yet, many were. Actually, “surprised” is probably not the word. Maybe “shocked” is more like it, for customers who ended up paying nearly 10 times the normal rate for a ride. Uber defends surge pricing this year, just as it has in the past, noting that it’s the simple economics of supply and demand driving the rates.
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+42 +1
Uber’s No-Holds-Barred Expansion Strategy Fizzles in Germany
Uber is rapidly expanding its ride-hailing operations across the globe. But here in this city of 690,000 — slightly less than the population of San Francisco, Uber’s hometown — the company recently did something unusual: It retreated. In early November, Uber shut its small office in Frankfurt’s centuries-old city center after just 18 months of operation, mothballing the online platform that had let people in the city hail rides through a smartphone app.
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