Uber
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Uber explains why it looks like its app is still tracking your location, long after drop-off
Uber responded today to reports that its app continues to check users’ locations even when they hadn’t used the ride-hailing service for days or weeks. The company explained that the issue is being caused by the iOS operating system itself, not direct tracking by its app. Many users had realized that Uber’s app appeared to have recently checked their location, according… Read More
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Uber losses expected to hit $3 billion in 2016 despite revenue growth
Uber’s losses are growing from $2.2 billion last year to an expected $3 billion this year, according to multiple reports this week from The Information and others. It’s hard to fathom Uber operating so far from profitability at a time when it feels like an established mainstream brand on the global stage. Hip hop stars like Drake or Wiz Khalifa commonly name check… Read More
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The 10 largest Series B rounds of 2016
Let’s face it, if you’re an investor, you were probably priced out of these insanely large rounds. If you’re a founder, you’re swooning at the mere prospect of making such a statement. But no matter who you are, a lot can be gleaned from analyzing investment trends. Looking at B rounds provides a nice balance between the somewhat predictable success stories of… Read More
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UberEATS fires up surge pricing for deliveries in some U.S. cities
UberEATS customers already have the ease-of-use of Uber’s mobile app for food ordering and delivery. Now they’re getting the surge pricing that Uber’s earlier ride-hailing service is known for, as well. In a blog post entitled “Delivery at Uber speed, even when it’s busy,” the company announced today that surge pricing would hit select U.S. cities. In… Read More
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Travis Kalanick says Uber has 40 million monthly active riders
Travis Kalanick says his drivers’ license is expired — though, of course he has to say that. But in Kalanick’s future, with a fleet of driverless Ubers shuttling people around, it might be that everyone’s drivers’ licenses will expire. His company, Uber, could essentially be a replacement for owning a car for Kalanick, and also for the 40 million monthly… Read More
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Furlenco’s $30 million raise shows furniture rental is working for Indian millennials
The idea of ownership in the American economy has changed so much in recent years that it’s easy to forget the once high level of importance placed on it. If we think back, most of us can remember at-least one conversation with our parents about Uber or Airbnb that resulted in a lecture about the dangers of using other people’s things. Ajith Mohan Karimpana, the founder and CEO… Read More
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Uber hits another roadblock
Uber, the ridesharing behemoth that recently began operating driverless cars and exploring self-flying drone taxis, can’t seem to catch a break these days in the legal arena. The New York State Department of Labor has ruled that two Uber drivers, Jakir Hossain and Levon Alesanian, are indeed employees — not contractors — and therefore eligible to receive unemployment… Read More
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Mapping startups hope they can chart a new course to success
Alphabet, Apple and Uber may be spending billions on exhaustive new mapping technologies to power the self-driving car revolution, but there’s a new generation of companies betting that a combination of crowdsourcing and artificial intelligence will enable them to navigate their way to success in the wild world of international geographics. Some companies are choosing to go deep into… Read More
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Self-driving Uber vehicles spotted on the streets of San Francisco
Several folks started noticing self-driving Uber cars in downtown San Francisco yesterday, fueling speculation the ridesharing company could soon be deploying autonomous vehicles for commercial use right where it all started in the Bay Area. Mattermark editor in chief Alex Wilhelm snapped a picture of a white Ford Fusion stopped at the intersection of Montgomery and Pacific. And, as first… Read More
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As a necessary function of a product launch, startups are myopic — they’re frenzied, they’re broke and they’re not remotely cognizant of the serious public policy hurdles to which they’re racing. That’s the problem.