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Posts Tagged ‘Uber news’

Is Uber Finally on the Rebound?

Japan's SoftBank buying $1B in ride-sharing company stock.

by on Nov.13, 2017

Uber CEO Dara Khosrowshahi has faced one problem after another since his arrival at the company. This trend may finally be changing.

The last 18 months or so have been difficult for ride-sharing giant, Uber; however, it appears the tide is turning for the San Francisco-based firm.

The company announced that Japan’s SoftBank is partnering with Dragoneer Investment Group to buy $1 billion of Uber Technologies stock.

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“We’ve entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment,” Uber said in a statement. “We believe this agreement is a strong vote of confidence in Uber’s long-term potential.”   (more…)

Blade Runner 2020? Uber Wants to Launch Flying Cars Over L.A.

Pilot for new service would debut by end of decade.

by on Nov.08, 2017

Uber wants to begin testing its flying cars for its Uber Elevate in Los Angeles in 2020.

When it comes to dealing with the city’s crowded streets, Los Angelenos have to hope that science fiction will soon become an everyday reality.

The recent release of the movie “Blade Runner 2049″ anticipates a day when the skies over L.A. are filled with flying cars. But if Uber has its way, that could happen a lot sooner. The nation’s ride-sharing giant wants to begin test flights of a prototype flying car in Los Angeles in 2020 and hopes to put it into commercial service by 2028.

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“Technology will allow L.A. residents to literally fly over the city’s historically bad traffic, giving them time back to use in far more productive ways,” Uber Chief Technology Officer Jeff Holden said during a tech conference in Lisbon today. “At scale, we expect UberAir will perform tens of thousands of flights each day across the city.” (more…)

Damage Control: Is it Too Late for Uber?

New CEO apologizes, but can he save business in London — and elsewhere?

by on Sep.25, 2017

Uber's new CEO Dara Khosrowshahi is already trying to find ways to raise morale and the moral compass of the company.

Uber’s new CEO Dara Khosrowshahi has been on the job less than six weeks and is already facing more crises than the average top executive faces in a career.

He faced his latest biggest hurdle — the revocation of Uber’s license to operate in London — by dealing with it head on: a full-page advertisement apologizing to the city and its residents for not tackling a variety of problems.

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“While Uber has revolutionized the way people move in cities around the world, it’s equally true that we’ve got things wrong along the way,” he wrote in a letter first published London’s The Evening Standard. “On behalf of everyone at Uber globally, I apologize for the mistakes we’ve made.” (more…)

London Kicks Uber from the Curb

Transport authority says Uber's not "fit and proper."

by on Sep.22, 2017

Uber CEO Dara Khosrowshahi has faced one problem after another since his arrival at the company.

Uber’s new CEO Dara Khosrowshahi may be rethinking his decision to take the ride-sharing company’s top job after the latest blow: London has revoked its license to operate.

The Silicon Valley company is the world’s largest ride-sharing firm and the loss of London’s 3.5 million users is a severe blow. Transport for London, the city’s transport authority, determined that the company was “not fit and proper to hold a private vehicle hire license.”

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“Uber’s approach and conduct demonstrate a lack of corporate responsibility in relation to a number of issues which have potential public safety and security implications,” the agency said. “TfL must also be satisfied that an operator is fit and proper to hold a license.” (more…)

Waymo Asks Judge to Delay Trial Start

Google subsidiary says it needs more time to review Uber documents.

by on Sep.18, 2017

Anthony Levandowski is seen here discussing autonomous vehicles while still with Google in 2011. Photo courtesy Shinygogo.

Waymo, Google’s self-driving car subsidiary, is looking for delay in the lawsuit it has filed against Uber so its lawyers have time to review thousands of pages of documents the ride-sharing pioneer has been forced to give up for review by its adversary.

The documents in question include a “due diligence report done by Uber prior to its acquisition of Otto, a self-driving tech start up focused on building automated trucks. Otto was founded by Anthony Levandowski, a former Google employee, who had access to Waymo’s most sensitive technical information and whose conduct is at the center of the litigation.

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Levandowski was fired at the end of May by Uber, which has also seen a wholesale departure of senior executives after it became apparent the company’s “anything goes” corporate culture left its intermediate and long-range plans in serious jeopardy. (more…)

Uber Facing Several Possible Criminal Probes

Bribery, illegal interference with competitors among the latest allegations.

by on Sep.11, 2017

The arrival of new Uber CEO Dara Khosrowshahi hasn't stemmed the tide of potential problems for the ride-hailing company.

Those who thought Uber’s headaches would end with the ouster of its controversial CEO Travis Kalanick are going to have to think again.

New Chief Executive Dara Khosrowshahi, the former boss at travel site Expedia, has walked into a hornet’s nest that now includes at least two new, potential criminal investigations.

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Ride-sharing giant Uber Technologies acknowledged late last month that it was facing a preliminary investigation by the U.S. Department of justice into the possible violation of bribery laws. Now, the Wall Street Journal reports, Uber may have used software to illegally interfere with competitors, such as Lyft, while also causing problems for drivers who wanted to work for both services. (more…)

Lyft, Uber Think Size Matters, Feud About Which is Bigger

Lyft available in 48 states, but wait time is an issue.

by on Sep.01, 2017

Through the first half of 2017, Lyft has already exceeded its total ridership for all of 2016.

The competition between Uber and Lyft has escalated a little more after the latter claimed it was the biggest ride-hailing service in the U.S. Uber quickly shot down the self-brag by Lyft.

San Francisco-based Lyft claims 94% of the U.S. population can request a ride, meaning it has the largest geographic footprint of any ride-hailing service. Uber disputed the claim, suggesting that Lyft is fudging what it means to be “available.”

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Lyft that its service was now “fully operational” in 40 states, which means Lyft users can get a ride with the service anywhere in the state. Overall, the company has drivers in every state except Arkansas or South Dakota. (more…)

Uber Makes Surprise Pick for New CEO

Former GE CEO Immelt was thought to be top candidate.

by on Aug.28, 2017

The Uber board selected Expedia CEO Dara Khosrowshahi to take the place of Travis Kalanick as Uber's CEO.

After dalliances with big names like Immelt and Whitson, Uber selected a surprise candidate — Expedia CEO Dara Khosrowshahi — to replace ousted CEO Travis Kalanick.

The ride hailing company appeared to be reviewing better-known candidates, such as GE chairman Jeffrey Immelt and HP CEO Meg Whitman, according to media reports, before snagging the lesser-known Khosrowshahi.

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The company hasn’t confirmed the hiring because it wants to inform Uber employees first, multiple reports have said. (more…)

Former GE CEO Immelt Top Contender for Uber Post

Former CEO and founder Kalanick still trying to regain old spot.

by on Aug.22, 2017

Former GE CEO Jeffrey Immelt is considered the top contender to replace Uber's ousted chief executive Travis Kalanick.

Uber is considering hiring former General Electric CEO Jeffrey Immelt as its chief executive officer to help stabilize an enterprise that has been engulfed in turmoil for months.

Immelt, stepped aside as GE CEO Aug. 1, but remains the company’s chairman. Nonetheless, tech-oriented websites clustered around Uber’s San Francisco headquarters have been reporting that Immelt is now the favored candidate to serve as the Uber CEO.

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Uber’s board of directors ousted the company’s former CEO and founder, Travis Kalanick, after an outside counsel’s investigation found that the company had ignored long-festering problems with sexual harassment. (more…)

Lyft Tracking to Double Ridership in 2017

Company adds former Obama adviser Jarrett to board.

by on Aug.02, 2017

Valerie Jarrett, a former adviser to the Obama Administration, has joined the Lyft board of directors.

Lyft has carried more passengers during the first six months of 2017 than in all of 2016, according to new statistics released by the company, which has succeeded in spreading its service to dozens of additional cities in the U.S. and capitalizes on a goody-two-shoes image that has separated it from archrival Uber.

The company noted it has expanded into 360 communities and that 80% of the U.S. population can use the service now.

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Ridership at Uber, the leader in ride-sharing services, continues to dwarf Lyft’s, which recorded 162.5 million customer trips through the end of June. Uber has reported that it has given more than 5 billion rides worldwide since 2010. (more…)