Lyft recently raised $600 million in a massive funding round, and now we know that $25 million of that came from Jaguar Land Rover, via its mobility services subsidiary InMotion. The car maker’s investment in Lyft goes beyond just funds, however; it’s providing Lyft drivers with a fleet of Jaguar and Land Rover vehicles as part of the tie-up, and it’s also going to work with the ride-hailing tech company on autonomous vehicle testing.
Martello is only the second woman on the ride-hail company’s now seven-member board after Arianna Huffington, who joined the board in April of 2016. She is also the first board member to be added since Alphabet’s chief legal officer David Drummond stepped down from his post in August of 2016 over a conflict of interest.
Emphasis added below. Loans for local interfaces to supply are the new new thing. This allows Amazon to finance the decentralization of inventory for “long tail” products, adding to its profits by serving as a factor for SMB accounts receivables.
Amazon Loans extends short-term credit to small and micro business selling on its marketplace. The retailer has lots of data on how its sellers are performing, allowing it to cherry-pick borrowers. Its retail and web services operations generate lots of cash, and if the company wanted more, investors or creditors would happily provide it.
Cue The Doors: “This is the end, my only friend, the end.”
Uber’s board of directors was meeting on Sunday to discuss a leave of absence for Travis Kalanick, the company’s chief executive, according to three people with knowledge of the matter.
BMW’s ReachNow has moved onto the next phase of testing its Ride service that will compete with Uber and Lyft by letting customers hail rides, opening it up to all Seattle members. ReachNow has been testing the service for the last six months and had about 2,000 members testing it. With the move to a beta test, ReachNow is inviting thousands more people to test and give feedback on the service
Perhaps Uber’s logistics insights can make Luxe viable. But the cultural changes ahead at Uber, if it is to survive, don’t make this an attractive solution for Luxe. There’s too much uncertainty to complete this deal.
Uber is in late-stage talks to acquire some technology and team members from Luxe, the on-demand car valet service, The Wall Street Journal and Recode first reported, citing sources. TechCrunch has since learned that the talks are indeed happening, but that the deal hasn’t closed and therefore could unravel.
Data talks, more loudly than Uber’s marketing. Having slightly over half of your key customers in a multi-sided marketplace feeling the value proposition is false signals continuing struggles for the company. Note the survey is self-selecting.
[C]ompany leaders have not publicly asked an obvious follow-up question. At Uber, do you feel like your own boss? So NPR asked. We conducted an informal survey reaching out to drivers through email lists and social media. A little more than half of respondents, 491 people, said they did, just like the people in the commercial. But perhaps less expected, nearly half – that is 436 – said they did not.
Oh, the humanity!
Indeed, if Uber executives were hesitant to part ways with particular employees for fear of recrimination, it’s suddenly easy to see why. Since announcing those firings on Monday, which reportedly included senior executives, Uber — which has long operated like an impenetrable fortress — has begun springing leaks right and left.
The question is whether the stories coming to light now are the most damning of the bunch, or leakers are starting in reverse and building toward a kind of crescendo that could fi
A busy day for Grubhub, which also bought Foodler.
“As the demand for delivery grows, we’re thrilled that Papa Murphy’s tapped Grubhub to bring fresh pizza directly to customers,” said Stan Chia, Chief Operating Officer of Grubhub. “We’re proud to be the first delivery partner for Papa Murphy’s in Denver and Colorado Springs, and we look forward to expanding our partnership with them.”